The Wall Street Skinny Kristen and Jen

Part II of our conversation with Cameron Boland and Kate Kourlis from executive recruiting firm GoBuyside.  Our focus shifts to off-cycle recruiting for private equity firms and hedge funds.  We discuss strategies for navigating your search for your next career, identifying opportunities that set you up for success, do's and don'ts for negotiating the offer, and how recruiters are incentivized to help you succeed.  We also tackle the CRITICAL listener question of: what do I need to know if I'm an international applicant and not a US citizen?  

Cameron Boland is the President of GoBuyside, and Kate Kourlis is the Executive Director of Business Development.  GoBuyside is a community of professionals in the financial services industry. GoBuyside connects employers with top-tier talent, streamlining the hiring process and ensuring access to great candidates for exceptional roles.

To explore GoBuyside's platform, please visit GoBuyside.com
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Happy holidays from The Wall Street Skinny!  We are giving your brain a bit of a break this week.  We share some fun stories of holiday parties gone terribly awry, rules for navigating vacation and time off, and tips on how NOT to get fired right before bonuses are paid.  We discuss some shifts over the past decade and some prevailing attitudes toward work/life balance on Wall Street as societal expectations change.  




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In today's episode we use WeWork as a case study to break down SPACs, for a deeper dive into the IPO process, the bankruptcy and we explore how the world's most sophisticated venture capital and private equity investors came up with a $47bn valuation for a company when the math didn't justify it at all….

In order to keep it interesting we discuss the  beginning of the WeWork story through the lens of "We Crashed",  the Apple TV miniseries about WeWork.starring Jared Leto and Anne Hathaway.
The Apple TV Series: WeCrashed

The Failed IPO:
1. Scott Galloway Blogs (No Mercy No Malice)
https://www.profgalloway.com/wewtf/
https://www.profgalloway.com/wewtf-part-deux/

2. Aswath Damodaran DCF (Musings on the Market)
https://aswathdamodaran.blogspot.com/2019/09/runaway-story-or-meltdown-in-motion.html

3. WSJ Article Sept 2019
https://www.wsj.com/articles/this-is-not-the-way-everybody-behaves-how-adam-neumanns-over-the-top-style-built-wework-11568823827

SPAC
1. BowX Acquisition Corp S-1
https://www.sec.gov/Archives/edgar/data/1813756/000121390020020580/f424b40720_bowxacq.htm

2. WeWork SPAC Marketing Documents
https://www.wework.com/ideas/wp-content/uploads/sites/4/2021/03/WeWork-Management-Presentation-March-2021-vF-1.pdf
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A job in Private Equity isn't the highest paying or even the hardest to get... it's actually a job at high frequency trading firms like Jane Street, highly secretive Wall Street firms you've never heard of.  So what actually takes place in those interviews and what do those traders even do? 

In Michael Lewis's new book, Going Infinite: The Rise and Fall of Sam Bankman-Fried ("SBF"), Michael Lewis tells the absolutely crazy story of SBF,  crypto, building his crypto exchange FTX, building his own trading firm Alameda Research, Effective Altruism ("EA"), the scandal that took him down leaving him with up to a 110 prison sentence AS WELL AS a sneak peek into these super secretive firms starting from the interview process to some of the craziest trades ever, including one election trade in 2016 that led to a $300mm loss.

Michael Lewis is the author of other quintessential books anyone who wants to work on Wall Street must read including The Big Short, Liar's Poker and others. 

Resources mentioned in the episode:
1. Matt Levine's Bloomberg Essay: "The Only Crypto Story You Need"
https://www.bloomberg.com/features/2022-the-crypto-story/

2. Odd Lots Podcast: 
https://podcasts.apple.com/us/podcast/odd-lots/id1056200096

Sam Bankman-Fried and Matt Levine on How the Crypto Market Really Works
https://podcasts.apple.com/us/podcast/sam-bankman-fried-and-matt-levine-on-how-the/id1056200096?i=1000531062191
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Ozempic and similar drugs are dominating the conversation about culture, health, and financial markets right now.  But what does it mean for Wall Street --- not just for investors, but also in terms of its impact on the social norms of the industry?  

**TRIGGER WARNING:  This episode contains a discussion of eating disorders and disordered eating.**

After all, the world of Wall Street has made huge strides on the diversity front with one notable exception: body diversity.  In this episode, we discuss many of the very real problems with navigating body image in highly competitive, stressful environments where conspicuous consumption of food and alcohol may be an unwritten part of the job description.  We are joined by registered dietician Lindsay Lusson to explore the physiological and psychological impacts of trying to conform to these pressures, and what shifts we are seeing with new drugs like Ozempic AND a new generation coming up through the ranks.  

Lindsey Lusson is Registered Dietitian who specializes in disordered eating and infertility. She has both personal and professional experience with Hypothalamic Amenorrhea (HA) or period loss related to over exercise and under eating. Her experience led her to become passionate about educating and empowering others to advocate for their health and take charge of their fertility through proper nutrition.  She has helped over 250 women recover cycles and restore their fertility naturally.

Credentials:
Education, Credentials & Training
•Bachelors of Science in Nutrition from Texas A&M University
•Masters in Exercise and Sports Nutrition from Texas Woman’s University
•Certified Specialist in Sports Dietetics (CSSD 2013-2018)
•Registered Dietitian (RD)
•Board Certified Health Coach (NBC-HWC)

Follow Lindsay on Instagram and TikTok @food.freedom.fertility, and check out her podcast "The Period Recovery and Fertility Podcast" on your favorite platform.
Follow us on Instagram and Tik Tok at @thewallstreetskinny

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Want to get an elite job on the buy side?  A recruiter --- otherwise known as a headhunter --- plays a significant role in the recruiting process for private equity recruiting.  In today's episode, we dive into  the private equity recruiting process with Kate Kourlis and Cameron Boland of GoBuyside.  We explain the role of recruiting firms, what to expect in the interview process, compensation, and how this process is evolving in real time.  

Cameron Boland is the President of GoBuyside, and Kate Kourlis is the Executive Director of Business Development.  GoBuyside is a community of professionals in the financial services industry. GoBuyside connects employers with top-tier talent, streamlining the hiring process and ensuring access to great candidates for exceptional roles.

Join the GoBuyside platform!
https://www.gobuyside.com/
Follow us on Instagram and Tik Tok at @thewallstreetskinny

https://www.instagram.com/thewallstreetskinny/