What information do you need to know as an aspiring investment banker? Join career-switcher and MBA student Alex Mason as we journey together to uncover the technical (including the famous "400 interview questions") and not-so-technical aspects of the investment banking profession.
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Wall Street Mastermind provides 1-on-1 coaching to students who are trying to break into investment banking, helping you land the top 1% jobs on Wall Street that pay six-figures straight out of school. It’s led by Sam Shiah, a former investment banker (Morgan Stanley Tech) and private equity investor (GI Partners). Not only have we maintained a 90%+ success rate over the years, we even offer a money back guarantee - meaning if you work with us and don’t get at least one investment banking of ...
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How To Get Into Investment Banking is a golden ticket that helps Non-Target & Target students alike navigate through the murky waters of Investment Banking recruiting to help them land their dream jobs in Investment Banking. Learn the secrets used by myself and other students I have coached to defy the odds and land their dream jobs in Investment Banking. . Download my FREE EBook if you're a student looking to break into Investment Banking -> HowToGetIntoInvestmentBanking.com/Ebook
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Joseph Stone Capital, LLC is a Full-Service Broker firm with decades of experience in helping investors innovate, transform, and lead. Joseph Stone Capital, LLC upholds a culture of powerful philosophies and unique monetary strategies. We continue to strive to exceed the demands of the investment industry with valuable insight and financial guidance, while taking the time to understand your individual needs and what matters most to you.
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This podcast focuses on questions my mom answers about how she chooses to invest her money and why, as well as what affected these decisions.
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Episode 306: How Ryan Secured a Bulge Bracket Offer Despite Starting Late
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Our student Ryan came to us his second semester of sophomore year. Some firms had already closed applications and the time was ticking. With some of his friends getting offers, he began doubting himself. After reaching out to an upperclassman that had gone through WSMM, he decided to join and began building back his confidence. Hear how after hundr…
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How To Know When To Quit Recruiting
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How To Know When To Quit Recruiting For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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Episode 305: Answering the What Are Your Greatest Strengths Question
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"What are your greatest strengths?" might seem straightforward, but simply listing qualities won't set you apart. To truly impress, you need to show—not just tell—how you've demonstrated these strengths through real experiences and challenges. In this episode, we’ll break down the best strategies to craft a compelling and memorable response that hi…
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Episode 304: Weighted Average Cost of Capital Explained
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Understanding the Weighted Average Cost of Capital (WACC) is one of the most common interview questions. In this episode, we’ll break it all down—from the components of the formula to how it’s calculated. You’ll learn how to combine the cost of equity, cost of debt, and capital structure to determine the rate a company should use in a DCF model.Wan…
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Episode 303: How Michael Invested in Himself and Went From First Generation College Student to Bulge Bracket Banker
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Our student Michael was a first generation student at a non-target school in his sophomore year. He had already done a private wealth management internship, but didn’t know anything about the investment banking recruiting timeline or process. Not knowing how to network or prepare, he decided to invest his own money towards the program. Our team hel…
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Episode 302: Answering Situational Questions
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Many students underestimate the importance of preparing for behavioral and situational questions, but these are often the most critical part of your interview. They can make or break your chances of landing an offer. In this episode, we’ll break down key strategies to help you effectively prepare and ace this part of your interview. Don’t miss out …
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Episode 301: Valuation Methodologies - Understanding Transaction Comps
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One essential valuation methodology you need to understand for interviews is transaction comps. But how do transaction comps differ from trading comps? What is the control premium, and how does it affect a company’s valuation? In this episode, we break it all down, explaining these concepts and helping you master transaction comps for your next int…
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3 Fatal Mistakes When Answering Interview Questions
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There are a number of ways to prepare for investment banking interviews...and there are ways to not prepare. I've experienced some of these mistakes myself and want to share the lessons I've learned with you in today's episode. The content of what you share is important, but the way you deliver your message is equally important. For recruiting help…
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Episode 300: How Louisa Used WSMM to Make the Jump From Middle Market to Bulge Bracket Bank for Full Time Recruiting
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Our student Louisa came to us her junior year looking for help with full time recruiting. She had just recruited for junior summer internships on her own, but was only able to get into a middle market bank. After hearing her peers recommend WSMM, she decided to reach out. Soon our coaches were helping her work on her behaviorals and navigate the ne…
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Episode 299: Walking Through Your Resume Experiences
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In this episode, we dive into the key to acing interviews: how to effectively talk through your resume. Your interviewer will likely ask about your experiences to get to know you better and gauge your skills. While this may seem straightforward, the trick is in how you structure your responses. We’ll share tips on how to provide detailed answers th…
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Episode 298: What Are Trading Comps and How Do You Pick Them Out?
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In this episode, we’re breaking down one of the core valuation methods you’ll need to master for interviews: trading comps. How do you identify comparable peers? What’s the best way to compare companies across different sectors? And how many should you include in your analysis? We’ll answer all these questions and give you the insights you need to …
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Episode 297: How Valeria Got a Bulge Bracket Offer Despite Recruiting as a Non-Target Senior
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Our student Valeria grew up with a single parent, and had to work full-time as a bank teller in college to support her family financially. During senior year, she decided to invest the majority of her savings into WSMM to break into investment banking. Within 3 months of joining the program, she secured a full-time offer from a bulge bracket bank. …
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Episode 296: How to Answer "Why This Bank?"
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Crafting a strong "Why this Bank?" answer is crucial as it is one of the most important guaranteed interviewed questions you'll get. Learn how to leverage your networking and research to show genuine interest in the firm. Don’t miss these tips to help you nail one of the most important interview questions.Want help securing an offer from a top tier…
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Jon Paris - Career Evolution in Banking and Career Advice From My Talent Director at Lincoln International
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Today I have the pleasure of sharing a conversation with someone who not only rose the ranks of investment banking to become a Director, but is also someone who runs recruiting at the largest privately held investment bank in the world, Lincoln International. Oh and...he's also the person who hired me at Lincoln! Jon Paris shares his story with us,…
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Episode 295: Understanding Equity Value vs. Enterprise Value
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Equity value and enterprise value are two essential terms that you will need to master—especially for technical interviews. In this episode, we break down exactly how to find a public company's equity value, calculate net debt, and understand these core concepts inside and out. Get the insights you need to feel confident and prepared for any interv…
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Episode 294: How Chris Broke Into a Bulge Bracket Bank From a Semi-Target School After Being Referred to WSMM by a Fellow Intern
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Our student Jim had gone to undergrad in Canada and moved to the US to pursue an MBA. As an international student going up against a highly competitive pool of candidates, he was determined to get a competitive edge against his peers. Rather than settling for just the resources being offered by his school, he decided to join WSMM instead where we h…
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Episode 293: What Are The Different Investment Banking Groups?
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If you’re asked which investment banking group you’re most interested in during your interview, do you know what sets each one apart? Whether its M&A, Leveraged Finance, Restructuring to name a few—they all play different roles with unique focuses. In this episode, we outline some key differences between groups to help you gain a clearer understand…
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A trend is emerging among some investment banks, where case studies are becoming a component of the interview process. In today's episode, we discuss: why case studies can be relevant to investment banks the two structures of case studies I've observed how to approach preparation for case studies For recruiting help, join the WSO Academy waitlist t…
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Episode 292: How Ryan Secured a Bulge Bracket Offer Despite Starting Late
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55:38
Ryan came to us halfway through his sophomore year, feeling the pressure as some firms had already closed applications and his friends were landing offers. With doubts creeping in, he reached out to an upperclassman who had gone through WSMM—and decided to take a chance on himself. Through our program, Ryan regained his confidence and hit the groun…
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Episode 291: Crush Your Investment Banking Hirevue Interviews
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Hirevues have become the critical first round that can make or break your chance at a top-tier offer. We’re diving deep into the must-know strategies to tackle these video interviews with confidence. From structuring standout answers to mastering the art of virtual presentation, we’re covering everything you need to make it to the next round. Want …
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Jason Lum - The 'Bridge' Path to Investment Banking
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Today's episode features a conversation with finance consultant Jason Lum. Jason worked his way up to several high-finance roles - including a banking role at CIBC - from his time as an undergraduate at a non-target university in Canada. We discuss several aspects of the recruiting process, including: - using 'bridge' roles to land your IB job - th…
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In finance interviews, understanding net working capital is key—it’s a crucial measure of a company's liquidity and ability to meet short-term obligations. Here’s a peek into our WSMM training clips, where we break down exactly how changes in assets and liabilities impact cash balances across the three financial statements. This clip will give you …
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Ever wondered what investment bankers actually do? This question is almost guaranteed to come up in your interviews—and knowing the answer is essential! In our latest episode, we’re breaking it down for you. Discover the ins and outs of the transactions bankers advise on and get an insider look at the different groups within the industry. With this…
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Boeing Buys Spirit Aerosystems (Deal Pitch)
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Today we'll look at a real deal pitch example for a deal that's happening in the market right now. We cover the basic facts of the deal and what things you can point to in terms of the strategic rationale for the acquisition. For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.com…
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Episode 287: How to Link the Three Statements Together
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Understanding the connections between the income statement, cash flow statement, and balance sheet are essential to pass technical interviews. Join us as we dive into the eight MUST KNOW key links that tie these financial statements together. Want help securing an offer from a top tier firm on Wall Street?Apply here: wallstmastermind.com/apply?utm_…
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Getting the typical "why investment banking" question is expected, but what if your interviewer expects you to go deeper? You might get asked for a deal pitch! Today we cover the basics of how to structure an answer to the question "pitch me a deal" For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.c…
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How To Become An IB Analyst w/Larry Oliver
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What does it take to become an investment banking analyst? When you do you need to start the process, and how do you keep track of so many deadlines? In today's conversation, I speak with Larry B Oliver. As a current IB analyst, Larry has experience navigating the analyst recruiting process and offers tips on how to best navigate it. Larry also run…
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The Six Steps of Sell-Side M&A
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When a company mergers with another business or acquires a business, there is a standard process that investment banks go through to get the deal done. Today we explore these six steps. For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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Joseph Stone Capital Financial Services takes a strategy-first approach by creating a unique and customized plan for each client that utilizes technical and fundamental analysis. We work through volatile markets and build relationships by committing ourselves to achieving our clients’ financial goals.…
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Today we discuss some common valuation ratios for investment bankers! For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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Lessons From The Summer Internship (Banking De-brief)
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It's time to reflect on my summer internship in investment banking! Here are the high level lessons I learned. For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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The Power of Online Reviews-How Joseph Stone Capital Advises Businesses to Leverage Customer Feedback for Growth
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Joseph Stone Capital, LLC, is a fully disclosed broker-dealer and member of FINRA and SIPC. FINRA Rule 3510 requires each member firm to create and maintain a business continuity plan. Per the rule, the Firm has developed a plan to ensure the continuity of operations during business emergencies and disruptions.…
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We’re back! A quick update for y’all. For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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Aside from the basic three methods of valuing a company, here are a few other valuation methodologies you should know. For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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Today we cover the three major valuation methodologies! 1. Comparable Companies 2. Precedent Transactions 3. Discounted Cash Flow For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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You might know the basic equation for calculating enterprise value already. But how do you account for convertible bonds as part of that calculation? For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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Let's learn how to calculated fully diluted shares for a company using something called the Treasury Stock Method. For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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Let's break down enterprise value together today! For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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Goodwill is one of those weird accounting concepts that doesn't come naturally at first. But it's super important and not that hard to understand once you break down the underlying logic of it. Today we'll learn about goodwill! It's critical for investment bankers to know, particularly in the context of mergers and acquisitions. For recruiting help…
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What is EBITDA and why do we care about it as investment bankers? For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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What's the difference between GAAP and the ambiguous "Non-GAAP" earnings that we often see in company financials? For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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Capitalizing a purchase vs expensing it can be understood by looking at the differences between the Income Statement and the Balance Sheet. Let's check it out! For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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I used to think that when a business "made money" it was the same thing as earning revenue, as well as collecting cash. But then I realized I was wrong. Today we cover a basic accounting principle that's important for investment bankers to understand when looking at financial statements. For recruiting help, join the WSO Academy waitlist today! Con…
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How Do You Account For Asset Write-Downs?
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When an asset gets written down in value, how does that impact the financial statements? What happens when debt gets written down too? For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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What does it mean for capital to be "working"? Today we unpack this concept, which is plays an important role in understanding the balance sheet, cash flow, and projecting cash flows in a DCF model. For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.com…
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Can Shareholder's Equity be negative on the balance sheet? And if so, how? For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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What happens when a company sells a product, and how are the financial statements impacted? We'll assume the product is sold for $20 and it costs $10 make. For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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What happens to the financial statements when a company buys a factory with debt? We'll look at this scenario at Year 0, Year 1, and the end of Year 2 / start of Year 3. For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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How do you account for changes in the financial statements when inventory increases by $10? For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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How does accrued compensation work on the financial statements? Today we'll work through a simple problem to find out. For recruiting help, join the WSO Academy waitlist today! Contact: investmentbankinginsights@gmail.comKirjoittanut Alex Mason
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