No one knows the future for certain - but you can understand action and reaction.
Take a look at who (and what) drives market-moving headlines.
Equity, debt, converts, hedge fund strategies, and everything in between.
Professionals in (or looking to transition into) these fields:Sales & Trading Research / Analysis Asset Allocation Portfolio Management
… and anyone at least tangentially involved with managing investment funds.
What’s the “buy side” and the “sell side”? Who does what on Wall Street?
You know what an investment is, and what banking is… but what about investment banking?
What are all the ways a company can raise cash?
You’d be surprised at what’s possible beyond IPOs and corporate bonds.
Weak employment figures just came out.
Does this portend a decline in corporate profits and falling equity prices? Or does it signal potential intervention from the central bank, and thus rising equity prices?
Do you know the lifecycle of a firm? What are its capital needs? In the event of a liquidation, who gets what (and in what order)?
We exhaustively review all sorts of investors and capital, from seed to mezzanine to distressed fulcrum securities.
Portfolio management involves a bit of math, so get ready to dive into volatility, beta, the efficient frontier, smart beta, and more.
Then, head to the front lines of trading and technical analysis, analyzing price charts and studying the must-know order types.
Today, everyone and their grandmother knows about calls and puts. But how are they priced, and what is their role in the broader institutional market?
We explore yield curves and bonds similarly - textbooks don’t prepare you for the global maze of central banks.
What drives currency exchange rates? Is FX a leading or lagging indicator?
We wrap up with an overview of commodities hedging/speculation and futures markets.
Our approach is to teach you how to fish, rather than give you a fish.
We don't give a one-way lecture where you memorize every cell and formula.
We nudge you toward uncovering answers on your own by leading with the right questions.
The end result? Longer-term knowledge retention that will last an entire career.
I really felt that WST was world class and would recommend it to anyone starting a new career on Wall Street. In particular, the strength of the program is that it concentrates on how analytical work is actually conducted in real life rather than the academic approach of some other competitors.