Weekly wrap up 5/30

Author

Ivy Almirol
May 30, 2026



Hey WSO Monkey,

Summer analyst season is here, which means fresh suits, polished outfits, nervous questions, and someone discovering that idle time can feel worse than actual work. This week, the forum added a full intern starter pack, a strategy consulting Q&A, and a distressed credit thread digging into the realities behind one of finance’s more hyped career paths.

-Patrick

Top Discussions

  1. Strategy Consulting Q&A - "STEM undergraduate from top UK university. Happy to share personal experience, from application to day-to-day, my thoughts who consulting is suitable for (e.g., rationale for jumping from STEM to consulting), how to best prepare for interviews , "secrets" I wish I knew before joining etc. Experience in PE DD and corporate strategy."

  2. The Intern Starter Pack - "With all the interns starting soon, I thought I’d share a list of some of the most helpful resources I’ve used as a banker. Listing some free and paid tools (hopefully your firm pays for them haha). Would’ve been helpful for me to reference when I started out in banking..."

  3. Is Banking in the South More Sustainable? - "Grew up in the south, lived in NYC for banking and PE now back south. If you aren't cool, athletic, relatively social please don't move south. Things are cliquey down here similar to the NE and if you don't have connections you won't get into the right private schools for kids, right country clubs, etc. If that doesn't matter to you then great (it really shouldn't)"

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Top Discussions (contd.)

  1. Unspoken Rules for Summer Intern? - "Dress up to the level of the team. Take notes, ask questions. If you find yourself with idle time & start to feel self conscious / useless, stop and relax. You are somewhat useless, but also it’s not that big of a deal. Nothing you do will have a real impact. Socialize & network with the back of house folks..."

  2. Opportunistic / Distressed Credit Recruiting Woes - "This is not a glamorous biz. You are often in knife fights over pennies, people romanticize the "intellectual pursuit" of distressed investing but to be candid the sharpest tools in this shed are lawyers who can charge massive fees for a business that is terminal. Look at outcomes from any recent distressed situation, ironically the best performance has been Re-Org equity plays in which it makes more sense to just have a large mandate to cover a name like Talen, Echostar etc. Its also plain mean, everyone in this biz is out for each others neck. No one is collaborative and everything is a club deal (Its a very tiny club and you aint in it!)"

  3. New Mentor Q&A - "I have extensive experience across hedge funds, data science, and insurance product pricing. Proven track record in portfolio management, algorithmic trading, and advanced statistical modeling. I found a platform called DealChat which is an all-purpose matching platform. I am also doing my hedge fund consulting business too..."

New Podcasts Coming in Hot 🔥

  • How This 'Non-Target' Math Major Broke Into Investment Banking (Starting in January!)

  • From Pre-Med in Vietnam to Wall Street: How This Non-Target Student Broke Into IB

  • Before You Choose a Finance Career, Watch This

Hot Jobs 💼

2027 Hedge Fund Analyst (Full-Time) with a 2026 Summer Internship - "Your primary responsibility will be to research and analyze US public companies to help make investment decisions. We're looking for someone with a great deal of raw talent and intellectual curiosity, and a desire to learn what makes some companies great..."

Investment Associate, Partnership Fund for New York City - "The Partnership Fund for New York City (PFNYC) is hiring an Investment Associate with ~2 years of investment banking or equivalent financial experience who is looking to pivot into impact investing while continuing to do rigorous, institutional‑quality analysis..."

Associate Turnaround and Restructuring - "In this role, you will collaborate closely with professionals at all levels and across a wide range of industries. You will play an active role in diagnosing business challenges, conducting rigorous financial and operational analysis, building financial models, and delivering insights that support strategic decision-making..."

Senior Analyst, Private Equity Operations - "The Senior Analyst, Private Equity Operations leads the operational management of private deals, from approval and settlement through ongoing lifecycle events such as IPOs, restrictions, corporate actions, and liquidity events..."

Investment Banking Vice President - "This involves reviewing AI outputs for correctness, methodological rigour, and commercial relevance—then building evaluation criteria and model answers that reflect how things are actually done at top-tier banks…"

Private Equity Expert - "Mercor is recruiting U.S./UK/Canada/Europe/Australia-based Private Equity Experts for a research project with a leading foundational model AI lab."

Financial Modeling Expert - "In this highly visible role, you will deploy your deep expertise in financial modeling, valuation, and deal structuring to support major investment decisions across diverse sectors..."

WSO Mentor - "Are you an experienced professional with a background in investment banking, private equity, hedge funds, S&T, venture capital, asset management, equity research, quant finance, corporate dev, real estate finance, or top-tier consulting? Passionate about mentoring the next generation of leaders? Wall Street Oasis (WSO) is expanding its Mentorship Program, and we're looking for outstanding professionals to join our mentor roster—an elite network supporting students and young professionals as they prepare for high-stakes careers. Whether you’re looking to give back, stay connected to rising talent, or sharpen your coaching skills, this role offers you the chance to make a meaningful impact, remotely and on your schedule..."

On Deck - Training 🎓

All in Eastern Standard Time

Stay Strong,
Patrick Curtis
CEO and Founder, WallStreetOasis.com

WSO Mobile App: iOS | Android

PS - We're also always looking to add resume reviewers and WSO Mentors to our team. Set your own pay (from $40/hr to up to $400/hr) to increase or decrease mentee flow. To submit an application, go here.

PPS - Think you have an interesting story? Want to share it with our podcast listeners? Hit reply and let me know!




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