Investment Banking Recruiting Secrets of the Top 1% - podcast cover

Investment Banking Recruiting Secrets of the Top 1%

Wall Street Mastermindwww.linkedin.com
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 offer, we will refund your entire investment in our program. Interested in learning more? Book a virtual coffee chat with our team to see if you’re a good fit: www.wallstmastermind.com/apply?utm_source=podcast
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Episodes

Episode 365: How Jordan Broke Into an Elite Boutique From a Non Target School After Failing on His Own

Our student Jordan was attending a non-target liberal arts college and had been unsuccessful at recruiting on his own formonths. Not knowing how to structure his networking calls or answers in interviews, he knew needed guidance and decided to join WSMM. We soon helped him polish his behaviorals and crush his technicals, landing some of the most prestigious banking interviews. Hear how Jordan went from no offers, to breaking into an elite boutique. Want help securing an offer from a top tier fir...

Jun 13, 202540 min

Episode 364: Never Miss a Cost of Equity Question During Your Investment Banking Interview

In this episode, we dive deep into the cost of equity, an essential WACC component frequently tested in investment banking interviews. You'll discover how to calculate it using CAPM and why it's crucial for valuing a company. Learn practical tips on framing your answer clearly and confidently. We walk through a real interview-style example to show best practices. Perfect for anyone preparing for finance interviews or aiming to sharpen their technicals. Want help securing an offer from a top tier...

Jun 11, 202510 min

Episode 363: How to calculate WACC? (Weighted Average Cost of Capital)

In this episode, we break down how to calculate WACC, one of the most common technical questions in finance interviews. You'll learn what each component means, from the cost of equity to the after-tax cost of debt. We explain how to determine the right capital structure weights and why WACC is critical in valuation. Using a real JPMorgan HireVue example, we show you how to answer clearly and confidently. Want help securing an offer from a top tier firm on Wall Street? Apply here: wallstmastermin...

Jun 09, 202511 min

Episode 362: How Christian Landed a Bulge Bracket Offer Within 2.5 Months Despite Being an Engineer With No Finance Background

Our student Christian came to us as an astronautical engineering major not knowing anything about finance or having relevant experience. He had taken a gap year and after seeing a few friends go through the recruiting process he decided to give it a try. Hear how WSMM helped him land relevant experience for his resume soon after joining and eventually help him become a top candidate landing a top bulge bracket offer in the SF office. Want help securing an offer from a top tier firm on Wall Stree...

Jun 06, 202550 min

Episode 361: Answering Morgan Stanley's interview question on a DCF (Discounted Cash Flow)!

In this episode, I walk through what a DCF is, one of the most common terms asked about in investment banking interviews. You'll learn how to project future cash flows, estimate terminal value, and determine the appropriate discount rate using WACC. I also explain how to calculate the cost of equity using CAPM, and share key strategies for structuring and delivering your answer clearly and confidently during interviews. Whether you’re prepping for investment banking or just want to master DCF fu...

Jun 04, 202512 min

Episode 360: How to Explain an LBO in a PE and IB Job Interview

Need to explain an LBO in a private equity or investment banking interview? In this episode, we break it down in the simplest way possible. We’ll show you how to explain an LBO step by step, draw parallels to real estate to help make the concept stick, and walk through the key math behind the model. Whether you're prepping for PE or IB interviews, this is the practical breakdown you need to stand out. Want help securing an offer from a top tier firm on Wall Street? Apply here: wallstmastermind.c...

Jun 02, 20258 min

Episode 359: How Jaime Broke Into Credit Suisse Despite Being a Non-Native English Speaker That Started Late at a Non-Target School

Our student Jaime had moved to the US from Colombia two years prior and had barely spoken any English. He discovered IB through a finance club but didn't know how to go about the recruiting process. A WSMM alumni referred him to our program and knowing he wanted to get the best offers he decided to join. Hear how after joining our program, he was able to find a supportive community, optimize his networking school, and land a bulge bracket offer. Want help securing an offer from a top tier firm o...

May 28, 202533 min

Episode 358: Do investment bankers really work 100 hours a week?

In this episode, we break down the truth behind the 100 hour myths and sensationalized headlines. The reality is more nuanced think of it like a bell curve, with some intense weeks, some lighter ones, and most falling somewhere in between. We also talk about how the workload often differs between weekdays and weekends, and what you're actually signing up for in those first two years. Yes, there are sacrifices but the rewards are real: a standout resume, high-caliber colleagues, exposure to excit...

May 26, 202511 min

Episode 357: How Robin Went From Being a Refugee and First Gen College Student to Becoming a Bulge Bracket Banker

Our student Robin had been a refugee from Nepal and was a first generation college student at a small college. He transferred to Virginia Tech his sophomore year but had no finance experience at all. An investment in the program was a huge sacrifice for his low income family, but after hearing our podcasts, he was determined to break into banking. Hear how Robin completely overcame his financial barrier and through our help, secured a $20k scholarship from PIMCO as well as an offer from Bank of ...

May 23, 202559 min

Episode 356: How to Break Into Investment Banking From a Non-Target School

Breaking into investment banking from a non-target school is absolutely possible but you need to be strategic. In this episode, we walk you through exactly what it takes: from building a standout resume to gaining relevant finance experience and getting heavily involved in leadership roles. We also dive into the importance of networking smarter and harder, since you won’t have the same alumni connections as target-school students. We also cover how to dominate both technical and behavioral inter...

May 21, 202517 min

Episode 355: Can Non-target Students Break Into Investment Banking?

Can non-target students break into investment banking? The answer is yes—but it takes the right mindset and approach. In this episode, we break down the real challenges non-target students face and share the advice and perspective you won’t hear in most places. From surrounding yourself with the right people to staying mentally tough when the process gets hard, this is the honest guidance you need to push forward and prove what’s possible. Want help securing an offer from a top tier firm on Wall...

May 20, 202512 min

Episode 354: Ranking The Best 10 Investment Banking Internships!

Picking the right internship early can help shape your career trajectory. In this episode, we rank the 10 best options for breaking into banking, from boutique investment banks to private equity internships and even a few surprising ones you might not have considered. If you want a real edge in recruiting, this is the episode to listen to. Want help securing an offer from a top tier firm on Wall Street? Apply here: wallstmastermind.com/applyutm_source=podcastep354

May 16, 202515 min

Episode 353: How Aidan Became One of the First Students From His Non-Target School to Break Into Investment Banking Without an MBA

Our student Aidan came to us as a sophomore athlete majoring in economics at a non-target school. He had known he wanted to do IB for a while but most of the guidance he received dissuaded him from breaking in as an undergrad. Once he saw banks beginning the recruiting process he realized he had no time to lose. Hear how Aidan stopped memorizing 400-question guides, solidified his networking strategy, get relevant finance experience, and landed an offer with Key banks renewable energy group. Wan...

May 14, 202537 min

Episode 352: How to Create a Resume for Goldman Sachs

If you’re aiming for Goldman Sachs or any top investment bank, your resume has to be flawless. In this episode, we break down exactly how to structure it, the key sections you need, what to include under education and work experience, and how to highlight skills that actually matter. We’ll also cover the small personal details and attention to detail that can quietly make or break your chances. If you want a resume that stands out this podcast is a must for you. Want help securing an offer from ...

May 13, 202514 min

Episode 351: How Zolio Became the First Person From His Non-Target School to Break Into JPMorgan

Our student Zolio came to us as a non-target school student having little guidance on the recruiting process. A couple of alumni got him interested in IB, but he had little knowledge of any finance concepts or how to network. Soon after joining our program, he mastered his technicals in 4 days and learned to network efficiently to stand out from his peers. Hear how after joining the program, he landed multiple bulge bracket interviews and became the first student from his non-target school to se...

May 07, 202536 min

Episode 350: "Why You're Struggling To Break Into Banking "

Breaking into investment banking is brutally competitive, yet a few common mistakes can quietly kill your chances. In this episode, we dive into why candidates struggle to get offers: the type of school you go to, the importance of networking and referrals, why GPA still matters, and how lack of technical skills and poor interview prep can derail you. Serious about breaking in? Don't miss this episode. Want help securing an offer from a top tier firm on Wall Street? Apply here: wallstmastermind....

May 05, 202513 min

Episode 349: Investment Bankers Are Quitting to Take These Jobs

What comes after investment banking? In this episode, we unpack the world of exit opportunities from the coveted buy-side roles to strategic positions in industry. We explore Private Equity, Growth Equity & Venture Capital, what they do, how they differ, and what kind of candidates thrive. Corporate roles, where ex-bankers drive strategic decisions and wildcard Careers – From business development to paid marketing and product management, these roles value the same analytical rigor and strate...

May 02, 202513 min

Episode 348: How Aakaash Stood Out Against the Highly Competitive Candidate Pool at Wharton and Got an Elite Boutique Offer

Our student Aakash came to us as a sophomore at UPenn who was feeling behind on the investment banking recruiting process. At the time, his friends had already lined up freshmen internships, whereas he had only recently grown an interest in banking after attending an info session. After joining WSMM, he landed his first relevant internship within a week, learned how to take advantage of info sessions for networking, and began landing interviews shortly thereafter. Hear how Aakash went from being...

Apr 30, 20251 hr 4 min

Episode 347: Is Investment Banking Worth It?

In this episode, we break down the real pros and cons of life on Wall Street. From the money, prestige, exit opportunities, and steep learning curve to the gruelling hours and constant unpredictability. We explore what makes IB both a dream job and potential trade offs. Let's dive in, is it worth it for you? Want help securing an offer from a top tier firm on Wall Street? Apply here: wallstmastermind.com/applyutm_source=podcastep347

Apr 28, 202512 min

Episode 346: Strategies for Entry into Investment Banking

Didn’t land an IB offer right away? Don’t worry, there are multiple ways to break in. This video covers three proven strategies: starting in a similar finance job and recruiting for full-time, delaying graduation to re-recruit, and getting an MBA to enter as an associate. If your first attempt didn’t work out, there’s still a path forward. Let’s break it down. Want help securing an offer from a top tier firm on Wall Street? Apply here: wallstmastermind.com/applyutm_source=podcastep346

Apr 22, 202523 min

Episode 345: How Mike Got an Offer From Blackstone Private Equity and Goldman TMT

Our student Mike came to us as a sophomore at a non-target school looking primarily for investment banking and buy-side opportunities. Although he had family with a background in finance that had tried to help him prepare, many were unfamiliar with how to network effectively or about the recruiting process. He eventually spoke to a WSMM alumni and realized our program was much more comprehensive and could help him optimize his preparation. Hear how Mike used WSMM to secure an offer from Goldman ...

Apr 04, 202532 min

Episode 344: The TRUTH about Investment Banking

Ever wondered what investment bankers actually do? This podcast cuts through the myths and hype to break down the real job,. We’ll compare IB to real estate, walk through the daily grind (yes, a lot of PowerPoint), and expose the truth behind the infamous 100 hour workweek. Plus, we’ll reveal the one secret downside they don’t tell you about: the unpredictability. Is it all worth it? That depends tune in to find out. Want help securing an offer from a top tier firm on Wall Street? Apply here: wa...

Apr 02, 202512 min

Episode 343: How Min Secured an Offer from Lazard and Evercore From a Non Target School

Our student Minwoo came to us as a sophomore at a non-target school not knowing much about the investment banking recruiting process. After hearing a Goldman managing director guest speak at his school event, he became determined to get into investment banking. Despite being skeptical initially, he decided to join our program in search of timely guidance and help with the speedy recruiting timeline. Hear how WSMM helped him become a top candidate, ultimately securing two of the most prestigious ...

Mar 28, 202530 min

Episode 342: Banking Salaries Truths Part 2

In this episode, we go beyond the numbers to discuss the real cost of an investment banking salary, the sacrifice of work-life balance with unpredictable hours and the demanding environment. But we’ll also explore the upside, how banking accelerates your career, opens doors to top opportunities, and sets you up for higher earnings down the line. If you’re wondering whether the grind is worth it, this episode breaks down the trade-offs and the long-term payoff of choosing this path. Want help sec...

Mar 26, 202511 min

Episode 341: Banking Salaries Truths Part 1

In this episode, we break down the real numbers behind investment banking salaries, how much you earn as an analyst, associate, VP, and beyond and we’ll cover the key factors that impact pay. If you’ve ever wondered what bankers actually take home at each stage of their careers, this is the episode for you. Want help securing an offer from a top tier firm on Wall Street? Apply here: wallstmastermind.com/applyutm_source=podcastep341

Mar 24, 202513 min

Episode 340: How Hugh Got Offers From Morgan Stanley, Evercore, and Greenhill

Our student Hugh came to us knowing he wanted to break into IB since his freshman year. Despite finding a freshman summer internship, he felt overwhelmed with the upcoming recruiting processes for sophomore and junior year, and the pressure that came along with it. Soon after joining WSMM, we helped him gain relevant experience for his resume and touch up his behaviorals. Hear how he chose to invest in himself by joining the program and how he leveraged multiple offers on his way to securing top...

Mar 21, 202536 min

Episode 339: Most Common Types of Behavioral Questions

In this episode, we walk through the most common investment banking behavioral questions and how to answer them. From resume deep dives to market related topics, we’ll help you prepare with confidence and stand out in your interviews. Want help securing an offer from a top tier firm on Wall Street? Apply here: wallstmastermind.com/applyutm_source=podcastep339

Mar 19, 20259 min

Episode 338: How Peter Got 4 Offers From Bulge Bracket and Elite Boutique Banks

Our student Peter came to us as a sophomore recruiting against a competitive pool of fellow Ivy League candidates. With applications opening up and unable to find much guidance from upperclassmen, and he decided to join WSMM. Despite initially feeling behind in his recruiting process, he saved a ton of time and learned all the technicals and most of his behaviorals within just 3-4 days with our help. Hear how he was ultimately able to land four offers from top banks including Greenhill, Perella ...

Mar 14, 202543 min

Episode 337: Crafting Sharp Behavioral Interview Answers

In this episode, we cover how to stand out in investment banking interviews by answering concisely and effectively. Learn to structure responses with logic, use strong examples, and avoid over-explaining, so every sentence counts. Want help securing an offer from a top tier firm on Wall Street? Apply here: wallstmastermind.com/applyutm_source=podcastep337

Mar 12, 202510 min

Episode 336: How to Master Key IB Technicals

In this episode, we dive into the four key areas of investment banking technical interviews—financial statements, valuation, M&A, and LBOs. We’ll walk you through each topic, explaining how they build off one another and why mastering them in this order is crucial. Want help securing an offer from a top tier firm on Wall Street? Apply here: wallstmastermind.com/applyutm_source=podcastep336

Mar 10, 20259 min
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