Haven't got a response from Paul, Weiss and feeling extremely disheartened. Poured my entire soul into that app, I've never written anything so good. And I checked grammar God knows how many times!
TCLA Vacation Scheme Applications Discussion Thread 2024-25
- Thread starter Jessica Booker
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Hey, I just wanted to let you know that I attended their virtual open day where Paul heavily implied that the first stage is strictly a spelling/grammar check and those who pass it get sent the test. It is highly likely that they review applications one by one and send the test following every application review. I wouldn't worry about it just yet as I am sure they received plenty of applications and are just working on checking them all.
I wasn't saying this was the case, maybe I misunderstood! You're right, it would be hard to re-read applications again. And I agree, there is very little information about the assessment process. I remember in my Open Day, they hadn't even really decided what kind of test they wanted to implement (just that it was not WG style).
Sorry for any confusion!
Second this he mentioned it in the Dec open day that I attended. 🙂
They probably won’t even have a benchmark set since it’s everyone’s first time doing the test!
They probably won’t even have a benchmark set since it’s everyone’s first time doing the test!
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Thank god! Just got PW test at 4pm. They 100% are just sending in batches, dw guys
I really hope so. If not then they hated me for abbreviating Paul, Weiss to PW after the first time. I swear I saw some of the associates/Paul using that in the AMA but it is what it is.
OMG HOLY SHIT just got the Paul, Weiss test invite. 🫨
I’m actually shocked right now. 🥲
I’m actually shocked right now. 🥲
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They are sending them out in batches I just got mine at 16:05. Don’t lose hope just yet!! 🙂
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I did the same abbreviation and got the test so don't worry about that. I was feeling the same way about an hour ago when I saw people receiving the test so instead I tried to put my mind off of it by watching youtube
Congrats!!! Get that bag!!!
- Sep 7, 2024
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Hey!
This is totally fine, though I would be mindful. This is because, in applications of like 200-300 words, you are limited in how much you can say to express your desire for a firm. Thus, you are naturally resricted in expressing your full passions for a firm - and should certainly very much be! In interviews, you will need to expand in more detail on why that firm appeals, going into greater detail on practices, your past experiences, specific deals (that aren’t so easily applicable to other firms), including even more reasons, and so on. Another issue with relying too heavily on application answers becomes particularly relevant when the interview isn’t CV blind. Expect your interviewers to certainly probe you on what you have mentioned, and it also becomes risky when you rely verbatim on just the information contained in such a short word limit.
In short, what I’m trying to say is that mentally, you should have like 2000+ words of reasoning for why a firm appeals.This is ofcourse an exaggeration on my part. If you can demonstrate a solid understanding why that firm appeals to you, through adding new details or expanding more on what you wrote, then repeating points is not an issue.
- Sep 7, 2024
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Very well done Chris Breezy!
did anyone receive an AC invite for HL?
- Sep 7, 2024
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WHAT IS LEVERAGED FINANCE?
Leveraged finance is when a company or investor borrows a lot of money to buy something big, like another company. They use that borrowed money to make the deal happen, but they promise to pay it back later using the money the new company will earn. The reason they borrow so much is because they believe the new company will do well enough to pay off the debt.
Now, to understand the other terms in this sphere:
1. High-yield bonds are a type of loan where the borrower has to pay a higher interest rate because they are a bit riskier. Think of it like lending your friend money, but since they don’t always pay you back on time, you charge them extra money as a "thank you" for lending.
2. Syndicated loans are loans where many banks or lenders join together to give a big loan to one company or person. It’s like a group of friends putting their money together to help one friend buy something expensive, and each friend shares a part of the risk and the reward.
In short, leveraged finance is borrowing a lot of money to buy something, and high-yield bonds and syndicated loans are ways people borrow that money, sometimes from a group of lenders and with a higher cost because the loan is riskier.
Leveraged finance is when a company or investor borrows a lot of money to buy something big, like another company. They use that borrowed money to make the deal happen, but they promise to pay it back later using the money the new company will earn. The reason they borrow so much is because they believe the new company will do well enough to pay off the debt.
Now, to understand the other terms in this sphere:
1. High-yield bonds are a type of loan where the borrower has to pay a higher interest rate because they are a bit riskier. Think of it like lending your friend money, but since they don’t always pay you back on time, you charge them extra money as a "thank you" for lending.
2. Syndicated loans are loans where many banks or lenders join together to give a big loan to one company or person. It’s like a group of friends putting their money together to help one friend buy something expensive, and each friend shares a part of the risk and the reward.
In short, leveraged finance is borrowing a lot of money to buy something, and high-yield bonds and syndicated loans are ways people borrow that money, sometimes from a group of lenders and with a higher cost because the loan is riskier.
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