not done til its perfect
EDIT: Updated resume
It's come along way, but i'm sure I can still do better
http://www.razume.com/documents/10157
EDIT: Updated resume
It's come along way, but i'm sure I can still do better
http://www.razume.com/documents/10157
Career Resources
As a banker I would never hire you. Anyone who puts an excel chart with his SAT scores is a moron. Also, in banking we right align numbers, and your scores are left-aligned.
Also, you spelled EXPERIENCE wrong. Attention to detail. Actually, in this case its more like attention to major shit, but I digress...
Jump down to your statement where you claim you work 125hr+/week. I am not too familiar of how clocks and general time-keeping works in Italy, but there is no way you worked as a "first-mate fisherman" for 125 hours a week.
If we assume you have one day off, 125 hours corresponds to almost 21 hours a day for 6 days a week (21x6). Perhaps you meant 12.5 hours per week...I know those decimals mess me up too.
Moving on to your additional skills... Your portfolio is up 129%? What was your Sharpe ratio? I went to vegas and turned 1000 dollars into 3000. 300% gain!
Anyway, You claim you calculated enterprise value by using DCF, CAPM, Multiple, etc.
CAPM calculates the cost of equity not EV. DCF calculates NPV of a stream of CF's, not EV. Multiples don't calculate anything until you multiply them by something.
FYI here is the correct formula for EV - http://www.investopedia.com/terms/t/tev.asp
You've obviously never watched The Deadliest Catch. Those guys easily work 125+ hour weeks pulling pots during crab season, and they don't get a day off. It's pretty much six straight weeks of non-stop work.
(3000 - 1000)/1000 = 2 = 200%
Money, stop being a hater...the kid has a great GPA (assuming it comes from a reputable school) and an interesting background. Commercial fisherman live on the boat and work constantly. The kid could easily handle the hours in IB and I think his resume looks decent. I agree that the PA information is irrelevant without considering sharpe. Last I checked DCF, CAPM, multiples can all be used to determine EV. (i.e. 5-10 projected DCF based on a discount rate and an EBITDA multiple for the terminal value to determine an EV calc
My Sharpe Ratio was 2.18 ...and what kind of fisherman takes a day off, thats ridiculous
Related experience is spelled wrong
what exactly qualifies as a reputable school? My business school got ranked
in the 60-70 range by Business week...
Is that 60-70 in the US or world though? Top 70 worldwide might be ok, top 70 US definitely is not
Thats not really reputable in the IB world (but at least its accredited!)
I think the Sharpe Ratio as a measure is fundamentally flawed. It treats upside volatility as a bad thing which is absolutely ridiculous. As a trader I am most concerned with maximum peak to trough drawdowns over the given period.
Thoughts? Sorry to hijack just didnt want to create new thread.
"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
OP - Is that Sharpe ratio calculated on an annual basis? Did you calculate it daily, weekly, or monthly and then annualize it?
You must have a lot of money invested in the stock market, otherwise it would be impossible to achieve a high Sharpe ratio and still achieve good results (transaction costs would eat you).
I used my monthly returns over the last 6 months to calculate the ratio and annualized that. I didn't have a ton invested, but my transactions fees are $5 per trade and I have earned 80%-150% on large trades at least 6 times since December.
and trade4size, I would say that although there are many uses for the Sharpe ratio, there are still situations where it really isnt useful.
you've taken the school info away, but before it used to say where you went. i won't repeat it since you don't want it public, but if you go to what was previously listed/top 70 ugrad business, you're going to have a tough time breaking into a BB IB, especially since you have no actual experience in finance (just classes and a thesis). however, you can and should aim for regional players and mm banks, and specifically smaller trading shops since it looks like that's what you're interested in.
I still think the 125 hours+ is a little absurd, and it sounds embellished, my suggestion would be to put 100+hr weeks.
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