for those in i-banking

mpimping · 04-03-2008, 06:38 PM

Quote:

Originally Posted by UCSBMW

if you're just looking to do a conventional loan (i.e. refinance the permanent), you will need a cert. of occ. Is construction on the property completed? or you looking to lend out to finish construction?

it's done and is a 2 fam but the permits weren't closed out yet. I'm a loan officer.

UCSBMW · 04-03-2008, 07:55 PM

Quote:

Originally Posted by mpimping

it's done and is a 2 fam but the permits weren't closed out yet. I'm a loan officer.

you'll need a cert. of occupancy.

dth656 · 04-04-2008, 01:01 AM

from my friends who are ibankers, or who used to work in ibanking (mostly at Morgan Stanley), they really hated it. between the hours and the crap work, most stuck it out as analysts for 2-3 years only to save enough for graduate school.

i only know one guy who did banking post grad school, he's an associate at UBS in SF. he hates his job, but his GT3 is quite a bit quicker than my e90 330i, ha ha.

btw, we all went to an ivy league school for our MBAs; its no guarantee of an ibanking job. my year, out of the 40-45 or so people interested in banking, only 10 or so got offers...and only3-4 were at Goldman or Morgan Stanley

dth656 · 04-04-2008, 01:05 AM

if you are looking for info, both www.wetfeet.com and www.thevault.com have interview guides and case books for consulting and ibanking...

UCSBMW · 04-04-2008, 01:45 AM

Quote:

Originally Posted by dth656

if you are looking for info, both www.wetfeet.com and www.thevault.com have interview guides and case books for consulting and ibanking...

thanks! i appreciate the info...ya that's what i hear a lot about crazy hours and work....but like you said, his GT3 is pretty sick, lol

dth656 · 04-04-2008, 11:29 AM

the other upside of it is, that once you stick it out for a couple of years, you can apply for a lot other, much cooler jobs. a lot of corporate M&A, finance, consulting, private equity, etc jobs have under desired experience "previous investment banking experience preferred at a top-tier bank"...

nusevad · 04-04-2008, 12:09 PM

Is there a difference in IB and IBD? My girl is getting relocated to China at the end of the year for IBD but she doesn't have a MBA or anything. I believe she said he will be analyzing the market or something.

04-04-2008, 01:01 AM	#25
dth656 First Lieutenant 37 Rep 399 Posts Drives: e90 330i Join Date: Dec 2006 Location: ASCII iTrader: (0)	from my friends who are ibankers, or who used to work in ibanking (mostly at Morgan Stanley), they really hated it. between the hours and the crap work, most stuck it out as analysts for 2-3 years only to save enough for graduate school. i only know one guy who did banking post grad school, he's an associate at UBS in SF. he hates his job, but his GT3 is quite a bit quicker than my e90 330i, ha ha. btw, we all went to an ivy league school for our MBAs; its no guarantee of an ibanking job. my year, out of the 40-45 or so people interested in banking, only 10 or so got offers...and only3-4 were at Goldman or Morgan Stanley
	Appreciate 0 Quote

04-04-2008, 01:05 AM	#26
dth656 First Lieutenant 37 Rep 399 Posts Drives: e90 330i Join Date: Dec 2006 Location: ASCII iTrader: (0)	if you are looking for info, both www.wetfeet.com and www.thevault.com have interview guides and case books for consulting and ibanking...
	Appreciate 0 Quote

04-04-2008, 11:29 AM	#28
dth656 First Lieutenant 37 Rep 399 Posts Drives: e90 330i Join Date: Dec 2006 Location: ASCII iTrader: (0)	the other upside of it is, that once you stick it out for a couple of years, you can apply for a lot other, much cooler jobs. a lot of corporate M&A, finance, consulting, private equity, etc jobs have under desired experience "previous investment banking experience preferred at a top-tier bank"...
	Appreciate 0 Quote

04-04-2008, 12:09 PM	#29
nusevad O! So Sour!! 556 Rep 15,612 Posts Drives: Fast 240z / Slow M3 Join Date: Apr 2007 Location: 'Merica! iTrader: (24) Garage List 1971 Datsun 240z [0.00] 2008 M3 [9.60]	Is there a difference in IB and IBD? My girl is getting relocated to China at the end of the year for IBD but she doesn't have a MBA or anything. I believe she said he will be analyzing the market or something. __________________
	Appreciate 0 Quote