Training The Street News & Events


CNBC: Robert Rostan “Toshiba embarks on long road to repair”

Robert Rostan, CFO and Princpal at Training The Street, says the nearly 2 percent rise in the stock on Monday suggests that the impact of the accounting probe is now behind Toshiba.


Bloomberg Business: Scott Rostan “Biggest LBO of Year Signals Appetite May Be Growing: Real M&A” By Brooke Sutherland Carlyle Group LP’s $8 billion purchase of Symantec Corp.’s data-management business shows big buyouts can still happen. The deal announced Tuesday was the largest private-equity takeover of a U.S. company so far this year. It may not hold that title through December. While the purchase price is a far cry from the record $45 billion spent on the buyout of TXU Corp. in 2007, there are signs that private-equity firms’ dealmaking ambitions are expanding as they seek to put record amounts of money to work. There have already been more $5 billion-plus private-equity takeovers in 2015 than in all of last year, according to data compiled by Bloomberg. Just one more $8 billion acquisition could put U.S. volumes on track for the biggest year since the financial crisis. Private-equity firms are facing pressure to invest their piles of […]


THE REAL DEAL: Robert Rostan “Rufrano’s repositioning”

By Konrad Putzier Glenn Rufrano has a long to-do list. Rufrano, who was tapped to take over the scandal-plagued American Realty Capital Partners in April, is now in the thick of trying to turn the real estate investment trust around. The industry is waiting with bated breath to find out exactly what his game plan is. The CEO — who announced that he would be changing the company’s name when it moves its stock to the New York Stock Exchange from Nasdaq early this month — is expected to reveal his strategy in an earnings call on August 6. While Rufrano, the former CEO of Cushman & Wakefield, declined to comment in advance of that big reveal, industry observers say he has several key issues to tackle immediately. His task is to turn what many consider a $20 billion disaster into a successful […]

Robert Rostan

Compliance Week: Robert Rostan “Hertz Restatement Drives Home Top-Level Control Issues”

By Tammy Whitehouse Hertz Corp. has reported the latest chapter in the drama that is its restatement of 2012 and 2013 financial statements. There are plenty of cautionary tales for compliance and audit executives willing to do the reading. Hertz filed its latest Form 10-K on July 16, and amid news of $11 billion in revenue and a $78 million loss for 2014, the auto rental giant also disclosed problems in 15 separate accounting areas going back to 2011. Its investigation tied those problems to extensive control weaknesses, including heavy-handed management applying too much pressure to meet targets and budgets. When all was said and done, Hertz’s restatement erased $110 million of supposed net income over the years. The company replaced its former CEO Mark Frissora (who now serves as CEO for struggling casino operator Caesars Entertainment Corp.) with current […]


Training The Street Partners With Venture For America To Provide Financial Workshops To Hundreds Of Fellows

 Training The Street (TTS), the leading corporate training provider for Wall Street firms and top business schools, today announced its partnership with Venture for America (VFA), a non-profit organization that encourages entrepreneurship amongst college graduates to aid struggling cities across the U.S. This year’s full incoming class of 122 VFA fellows will participate in a live TTS financial training seminar, which will include financial modeling, technical skills, and proficiency in Excel. In addition, TTS will offer continuing development training to all of the 200-plus past VFA fellows and provide access to online self-study courses, all on a pro bono basis. The live course will be held at Brown University on July 6. The partnership between TTS and VFA fuses the expertise of both organizations. TTS will provide the same industry-leading financial training program used by top Wall Street banks and […]


Poets & Quants: Scott Rostan “Banking Bounces Back: Starting MBA Salaries Rising” By Jeff Schmitt Banking is dead. Millennials would rather start their own businesses, critics say. They don’t want to work 80 hours in a burn out job. Of course, they’re looking to make a difference, not a fortune. At this rate, why would anyone want to go into banking? Three words: Money…power…access. Oh, and it’s easier to help others from the boardroom than the sidewalk. If you’re among those looking to score big on Wall Street, here is some good news. In the latest Training The Street MBA Employment Survey, 43 percent of respondents received base salary offers of $125,000 or more. That’s up from 26 percent last year and 9 percent in 2013. What’s more, 79 percent reported offers of $100,000 or more, up from 74 percent in 2014. And that was a boon for the MBA financiers. […]

PS classroom CBS


– Sixth Annual Survey Shows Private Equity and Hedge Funds Gaining in Popularity as Career Choice for MBAs — NEW YORK, June 23, 2015 — A recent survey of MBA graduates and students conducted by Training The Street (TTS), the leading corporate training provider for Wall Street firms and top-tier business schools, found that 43% of respondents received base salary offers of at least $125,000, a sharp rise from the 26% of respondents who reported salaries in this range a year ago. Overall, there was a slight increase of those polled that received offers of over $100,000, to 79% from 74% last year. Satisfaction with these offers rose with the increased base salaries as 54% said they are “very satisfied” and 38% reported “satisfied”. Only 8% are “dissatisfied”, down from 12% a year ago. The sixth annual TTS MBA Employment […]

REUTERS/Kai Pfaffenbach

Business Insider: Scott Rostan “Millennials on Wall Street are smarter and more sophisticated than their predecessors” By Portia Crowe As the founder and CEO of Training The Street, Scott Rostan has been teaching financial-training courses to interns and analysts at Wall Street firms as diverse as Credit Suisse, UBS, and the Blackstone Group for more than 15 years. Before that, he was a new hire himself on Merrill Lynch’s investment banking team. So he’s got a lot of insight on who the banks are hiring these days, and how the demographic has changed. Rostan shared some of his observations about this year’s crop of Wall Street interns with Business Insider. They’re smarter. Most notably, Rostan said, “the students are definitely getting more sophisticated.” They’re coming in with much more capital markets knowledge and corporate valuation knowledge than they did 10 or 20 years ago. Rostan attributes that “dramatic shift” to the proliferation of news and […]


CNBC: Scott Rostan “Markets will experience more uncertainty: Pro”

Monday, 11 May 2015 | 3:52 PM ET Discussing jobs, interest rates and the Fed, with Scott Rostan, Training The Street, and Anthony Chan, Chase chief economist.


Business Insider: Scott Rostan “16 ways to crush your summer internship on Wall Street” By Portia Crowe If you play this right, your internship could lead to a first-year analyst job. Congratulations! You’ve landed yourself an internship on Wall Street this summer. While this is just the very first step to building a career on the Street, the stakes are high — if you play this right, it could lead to an entry-level job. “The most common path to getting a first-year analyst offer is to have completed a summer internship with that bank, or to have completed a summer internship with a related bank,” says Chandler Holbrook of OneWire, a career website for finance professionals. Scott Rostan, the founder and CEO of Training The Street, which gives courses to prepare young people for internships and analyst jobs on Wall Street, says that banks actually want to hire their summer interns. “This isn’t […]

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Since 1999, Training The Street has specialized in Finance Training, Financial Training, Investment Banking Training and Financial Modeling Training around the world.