First Step to Final Offer (08/13/24)

RECRUITU EXCLUSIVE CLASS OF 2027

Raymond James’ application for their Banking Insights program in NYC is LIVE. The program includes three virtual learning sessions focused on educating top sophomore business students on how our analysts and associates help corporations raise capital, issue shares of stock in an IPO, provide financial consulting services, and negotiate a merger or acquisition.

CAREER OPPORTUNITIES

Class of 2027 Jobs & Events

• Goldman Sachs Possibilities Summits  Link here

• Deloitte Consulting Discovery Sophomore Intern Summer 2025 Link here

• Deloitte Discovery Sophomore Intern Risk & Financial Advisory (Government & Public Services) - Summer 2025 Link here

• Deloitte Discovery Intern (Sophomore) Consulting (Government & Public Services) - Summer 2025 Link here

• RBC Capital Markets U.S. Pathways Diversity Award Program Link Here

• RBC Capital Markets U.S. Women’s Advisory Program Link Here

• RBC Capital Markets LGBTQ+ Sophomore Insights Program Link Here

• Bain & Company Event Series Link Here

• Deloitte Events Link Here

• Goldman Sachs Emerging Leaders Series - Link Here

• Morgan Stanley Summer 2025 Applications - Link Here

Class of 2026

Summer 2025 Applications

• Susquehanna International Group, LLP (SIG) Quantitative Trader Internship: Summer 2025 [NEW] Link here

• Bracebridge Capital 2025 Summer Investment Analyst [NEW] Link here

• Blackstone 2025 Real Estate Finance Summer Analyst [NEW]  Link here

• BNY 2025 Summer Internship Program - Market and Wealth Services (Lake Mary, FL) [NEW] Link here

•  Deutsche Bank Internship Program Investment Bank: Commercial Real Estate - New York - 2025 [NEW] Link here

• MUFG 2025 Corporate, Investment Banking and Markets (CIBM) Summer Analyst Program  - Link here

• Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - New York 2025 - Link here

• Deutsche Bank Internship Program - Investment Bank: Origination and Advisory Capital Markets - New York 2025 - Link here

• Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - Jacksonville 2025 - Link here

• Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - San Francisco 2025 - Link here

•  Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - Boston 2025 - Link here

• Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - Chicago 2025 - Link here

• Lazard 2025 Institutional Client Group Summer Internship - Link Here

• RBC Capital Markets 2025, Municipal Finance Summer Analyst - Link Here

• Baird, Equity Research Analyst Summer 2025 - Link Here

• BCG Associate Internship - Link Here

• Bain & Company Associate Consultant Intern - Link Here

• Santander Summer 2025 Analyst Role - Link Here

• Morgan Stanley 2025 Investment Management Summer Analyst - Fixed Income - Link Here

• Nomura Summer 2025 Analyst Roles - Link Here

• Citadel Securities Trading Fundamental Analyst - Link Here

• Loop Capital Summer 2025 Analyst Positions - Link Here

• Stifel Financial Corp Summer 2025 Analyst Roles - Link Here

• Citi Summer Summer 2025 Analyst Roles - Link Here

• StepStone Group Summer 2025 PE Analyst - Link Here

• Guggenheim Summer 2025 Applications - Link Here

• Oppenheimer Summer 2025 Applications - Link Here

• Abdiel Capital Summer 2025 Application - Link Here

• Solomon Partners Summer 2025 Applications - Link Here

• Long Ridge Summer 2025 Application - Link Here

• D.E. Shaw Summer 2025 Application - Link Here

• Bank of America Summer 2025 Applications - Link Here

• Point72 Summer 2025 Application- Link Here

• JMI Equity Summer 2025 Application - Link Here

• J.P. Morgan Summer 2025 Application- Link Here

MARKET NEWS

Automation Tools Are Changing the Landscape of Private Equity and Investment Banking

Advances in automation tools are transforming the way private equity and investment banking firms operate, significantly reducing the time needed for deal analysis. Blackstone, for example, uses its BX Atlas tool to get near-instantaneous insights into potential deals, reducing the manual burden on junior employees. Similarly, startups like Mosaic, founded by a former private equity investor, are providing LBO modeling software that produces fast, defect-free investment returns. These tools are shifting the skillset needed for success in the industry, with a growing emphasis on critical thinking and problem-solving over traditional technical skills like Excel modeling. As automation continues to evolve, the roles and responsibilities in the finance industry may see significant changes.

(Source: Financial Times)

Volatility Pros Say Record VIX Surge on Monday Was a ‘Head Fake’

On Monday, the VIX Index, commonly known as Wall Street’s fear gauge, experienced an unprecedented surge, which experts are now calling a “head fake.” The spike in volatility was not sustained, and market professionals suggest it was driven by technical factors rather than a fundamental shift in market sentiment. This sudden move led to increased caution among traders, but many believe the underlying market conditions remain relatively stable, indicating that the volatility spike may have been an anomaly rather than the start of a more significant market downturn.

(Source: Bloomberg)

Wall Street Investment Banking Bonuses May Rise Up to 35%, Compensation Specialist Says

According to compensation specialists, investment banking bonuses on Wall Street are expected to increase by as much as 35% this year. This potential rise is attributed to stronger deal activity in the latter half of the year, particularly in mergers and acquisitions (M&A) and better-than-expected revenue growth. After a challenging start to 2024, the sector is seeing signs of recovery, which could result in higher payouts for bankers. However, the final bonus figures will depend on the actual deal flow and market conditions in the coming months.

(Source: Reuters)

M&A DEAL OVERVIEW

Francisco Partners Sells QGenda to Hearst

Francisco Partners has announced the sale of QGenda, a leading provider of healthcare workforce management software, to Hearst. QGenda, which has been under Francisco Partners' ownership since 2016, specializes in scheduling, time tracking, and credentialing solutions for healthcare providers. The acquisition by Hearst, a global media, information, and services company, is part of its ongoing expansion into the healthcare sector. The financial terms of the deal were not disclosed, but the transaction marks a significant move for Hearst as it continues to build its portfolio of healthcare technology companies.

(Source: Business Wire)

TECHNICAL QUESTION OF THE WEEK:

ADDITIONAL RESOURCES

• Class of 2027 Application Tracker

LAST WEEK TECHNICAL QUESTION OF THE WEEK ANSWER: