Now that most jobs in investment banks pay less than they did, but still require that people work as diligently as ever before, their appeal is waning. Everyone now knows Are you mythologizing about these finance jobs? Now that most jobs in investment banks pay less than they did, but still require that people work as diligently as ever before, their appeal is waning…
The Series 79 exam is a lighter version of the Series 7 exam, but don t be fooled, the exam is deceptively difficult. The Series 79 exam is for those looking to work in the area of investment banking. Before 2009 the more popular exam (the Series 7) was required to be a general broker, but some representatives found they were only performing investment banking activities…
What is Investment Banking? Those who know about investment banking fantasize and worship the life of an investment banker. For them, the profession is nothing less than a dream. Even though it can be a very steep climb, tremendous rewards await those at the top. Investment Banking is a field that generates a lot of interest, but for outsiders, it is mostly shrouded…
It sets the stage for sellside processes, acquisitions, mergers, debt financings, and equity financings. It has an overwhelming effect on the quality and depth of the investment banker’s duties to the client. It outlines the terms and scope of the advisory services provided. It rigorously details the economic points that go to the heart of the relationship. When negotiated…
The investment banking industry is seeing the largest flight of talent in its history. Somehow throughout all of the industry transformation over the last three decades, the pitch to new recruits about what a career in investment banking can offer has remained completely stagnant. Yet today s investment banks are completely unrecognisable from their former selves…
A private placement is the sale of securities to a relatively small number of select investors as a way of raising capital. Investors involved in private placements are usually large banks, mutual funds, insurance companies and pension funds. A private placement is different from a public issue, in which securities are made available for sale on the open market to…
By Within the next few weeks, investment banks will start inviting their favourite applicants in for interviews. Full time analysts are typically interviewed first, with summer analysts usually interviewed from November onwards. If you’re going for a front office job, expect a grilling. Banks will be testing a combination of your industry knowledge, passion for the…
Today we have a guest post from a loyal reader who worked at a last summer and will be returning full-time this year. He has some additional tips for everyone about to start their / internships – these are great overall so I don’t have much to add, but I will throw in a few comments here and there so it looks like I did some work. “I did a 10-week internship at a…
