Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions (Wiley Finance)

Been around here for a while but haven't made any posts yet; finally made the decision to reach out to the WSO community for some advice.

I am coming from a non-target school with a dual major in accounting and finance with a high GPA. I am looking to increase my understanding of Investment Banking to potentially increase my marketability for positions. I have chosen to purchase "Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions (Wiley Finance)" the 2nd edition by Rosenbaum.

I would like to know if anyone has experience with this text and has any good tips to get the most out of studying this resource. I was also looking for some of the models or any advice on creating my own to work through it.

Thanks in advance for your support.

 
Best Response

When I was a freshman with 0 finance experience I bought the first edition, read it cover to cover a few times, downloaded the models, built them out for a public company that just announced an acquisition, and checked to see if my valuation was close to the value of the acquisition (it was close enough).

I thought it was very helpful, but you need to actually do the valuation to get it. Just reading the book won't give you much practical info so download the models and build them a few times.

Then, when ready, build each of the models from scratch in excel.

 

Buy the book, templates come along with them. If you're worried about the price go find free templates online. The templates in this book are pretty good hence why they are not free. The things you will learn and, if leveraged properly, the job you get in banking will give you a return that far outweighs the cost of the book. Can't always expect freebies in life.

 

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