An investment banking career provides great challenge, a chance to learn the ins and outs of corporate finance, and develop analytic skills that are useful in any business field. Investment bankers, with firms such as Goldman Sachs, Blackstone Group and Morgan Stanley, act as a link between the corporate world and the investor, whether an individual or an investment…
The event, held at New York’s very posh Pierre Hotel, drew upwards of 1, 300 attendees. As a veteran attendee of this event, with this iteration billed as the 28th annual conference, I can say that the overall tone was delightfully sunnier than in recent years- fueled, certainly, by the booming tanker market, which has continued to generate Wall Street activity…
What are the different methods Investment Banks use to value a company? Discounted Cash Flow (DCF): values a company by projecting its future cash flows and then using the NPV method to value the firm Comparable Company Analysis: values a company through multiples used from similar publicly traded companies (EV/EBITDA, P/E Ratios, etc.). Precedent Transactions…
Following my recent post covering a broad range of questions about the African investment banking (IB)/private equity (PE) scene, I thought I would cover some questions asked of me in more detail. This is the first of a multi-part series on the South African IB market. This post covers why people should choose banking as a career path and what look for in candidates…
Which banks will pay you the most in London? You’ll be surprised. Illuminating the highest payers When people talk about big paying banks in London, it’s always the US banks that come out on top. Maybe this isn’t too surprising when we see figures saying Goldman paid its top people in London ÂŁ1.6m ($2.3m) for 2014. But let’s not forget that European banks pay…
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Indianapolis-based Angie s List Inc. saw its shares surge 10 percent in premarket trading Tuesday morning after the company said it had hired investment bankers to explore strategic alternatives —terminology companies often use before they sell themselves. In an Angie s List press release announcing disappointing third-quarter results, CEO Scott Durchslag said:…
“I work for a boutique investment bank, ” responded Todd cockily, smirking and now pulling up his pants over his temporarily retreated beer-gut, illustrating that this was one of those hardcore New York male-anorexia and exercise weeks. He would be spilling out of pants next week no problem after this weekend’s depression-gorge. Todd paused and collected himself…
In the world of investment banks, there are ratings just like for sports teams and universities. Only, instead of being judged on batting averages or mean SAT scores, banks are ranked by the number of deals they facilitate and the value and revenue of those deals. These result in what are called league table rankings—closely followed public rankings of the banks…
Two hundred years after the third son founded his eponymous bank in London, NM is being dropped in a rebranding exercise designed to ditch the group s investment banking image. The group will now be called just Rothschild,while the division previously named investment banking has been renamed global financial advisory. Staff at the London office were…
“The first thing we do, let’s kill all the lawyers.” -William Shakespeare, Lawyers don’t get much respect – whether it’s from investment bankers or Shakespeare. But if you’re a lawyer and you want to break into finance – investment banking, private equity, hedge funds, and so on – there is good news: you have it easier than some professions. And in some ways…
Analysts, associates in Asia said to get average 20% increase Some senior bankers got performance-based pay reduction Credit Suisse Group AG raised some of its senior Asia-Pacific investment bankers’ pay last year by as much as 15 percent after the firm boosted advisory revenues in the region, according to people familiar with the matter. Average total 2016 compensation…
An interview for an investment banking position can be one of the more challenging interview scenarios, because there is a strong likelihood you will be asked technical analysis and equity evaluation questions to test your industry-specific knowledge. Therefore, you should come to the interview well prepared with knowledge of all the basic forms of company evaluation…
How much money did you make last year?/How much money will I make?/How were bonuses last year?/How much vacation will I get?… No explanation needed…I hope. What is the lifestyle like?/How many hours will I be expected to work?/Is there face time at this bank? Any questions regarding lifestyle and hours, risk giving the interviewer the impression that you are…
Tie up arrangements are made by the Bank at its sole discretion in respect of specific projects of specified builders, considering the title investigation/valuation report of such projects and satisfying such other particulars in respect of such projects. Tie-up arrangements are aimed to speed up the delivery process of loans by avoiding duplication of certain…
A: If you are looking specifically for an investment banking position, an MBA may be marginally preferable over the CFA. The caveat here is that the MBA would most probably need to be from a Top-20 B-School. The Chartered Financial Analyst (CFA) is well worth considering if you (a) are aiming for an entry-level position in investment banking, and/or (b) cannot…
Who are the big name banks? A lot of the major banks are made up of divisions and departments that specialise in different areas, like those outlined above. This allows their brand to be known on the high street by customers who want to use them as a retail bank, while also having other back-end divisions that might not be as well known publically, but deal…
Chapel Hill, NC – The Chapel Hill-Carrboro Chamber of Commerce announced the 2012 Business of the Year award winners on Tuesday, January 29, 2013 at its Annual Meeting held at the Sheraton Hotel in Chapel Hill. The winners for each award are as follows: The 2012 Chair’s Award for Public-Private Partnership is awarded to George Cianciolo and Rosemary Waldorf…
Consumer Products Our expertise in consumer products has accelerated the financing and development of companies focused on specialty retailing and apparel, branded consumer products, e-commerce, food and beverages, and restaurants. We have developed a robust, proprietary database of private equity funds and strategic buyers with an interest in acquiring or investing…
Big Announcement: WSO Resume Template is Out in the Wild! : Mod Note (Andy): If you re looking for our resume for experienced IB professionals or a private equity resume template. For those of you looking to make sure your CV format is clean and make sure that your is polished, we have a great sample resume you can now use free of charge (attached to this post…
Witt Stephens at the office headquarters in Little Rock, Arkansas. 1987 In 1933, W.R. (Witt) Stephens founded Stephens Inc. to trade and invest in Arkansas Highway bonds, which were then selling as low as ten cents on the dollar. He had been encouraged by his father, A.J. Stephens, who insisted that Arkansas would eventually make good on the bonds. By the time…
Accion, a pioneer in global financial inclusion, sponsored and is an anchor investor in the Accion Frontier Inclusion Fund, the first global fintech fund for the underserved. The Fund invests in innovative financial technology and services companies that promote financial inclusion for the three billion people around the world who are underserved by the financial…
If you want to pull down the big bucks in finance, it pays to go to a “target school” where the Bulge Bracket investment banks tend to recruit the most analysts and associates. But as you rack up more experience and climb higher in the ranks, school brand means less than actual performance on the job. That is the one unmistakable conclusion of the new 2014 compensation…
There is no denying that many big budget movies such as Wall Street are entertaining and can give a glimpse, albeit a sensationalized one, into the wild world of finance and trading. For every blockbuster, must-watch finance movie starring A-list celebrities, there are dozens of small-budget films and documentaries that often give a more genuine insight into…
OVERVIEW We are currently seeking an Analyst to support our Capital Markets Group-Real Estate Investment Banking team in Chicago. The Real Estate Investment Banking team devises and implements capitalization strategies for our clients using expertise in both real estate and investment banking to arrange debt or equity financing. The Analyst will primarily be…
Seventeen teams lined up for the inaugural Energy Against Hunger Challenge 30.10.14 - a super tough 5km obstacle course. Together were aiming to raise ÂŁ20, in support of The Hunger Projects work in 17, villages across South Asia, Sub-Saharan Africa and Latin America. Give us a hand to reach the target - Who will emerge victorious from the muddiest trenches, cargo…
You’ve heard those words plenty of times when it comes to real estate – whether you’re just casually interested or you fully intend to become the next real estate guru. And if you overlook the occasional housing crisis or three, you can see why the real estate market is so essential to all sorts of different industries: Utilities: Need to deliver electricity…
