m&a advisory

pacmandefense — Wed, 16 Jul 2008 11:24:33 -0400

whats the difference between the type of work @ Big4 M&A Advisory and boutique ibanking M&A work?

PE managed pricing

pacmandefense — Tue, 24 Jun 2008 11:37:54 -0400

i dont understand the underlying logic of this concept.

"if up-mkt betas are greater than down-market betas, PE managers are slow to mark portfolios up and follow the principle of conservatism"

if beta*risk factor gives us the risk premium for risk exposure, shouldnt the manager be quick to markup the portfolio when beta is high in the up-mkt?

transaction advisory services

pacmandefense — Wed, 07 May 2008 09:43:49 -0400

What does it take for someone to be recruited in TAS at one of the big 4? would it mattered if i had a MS in Accounting over an MS in Finance?

For what it's worth, I'm CFA Level 2 candidate and a CAIA Level 2 candidate, in the process of an MS in accounting from one of the feeder schools.

SAT / GMAT score

pacmandefense — Tue, 15 Apr 2008 16:36:06 -0400

do GMAT and SAT scores play more than a negligible role in interview selections for Associate positions at BB?

earnings per share and repo

pacmandefense — Fri, 11 Apr 2008 14:52:20 -0400

why does the EPS decrease when a firm borrows money to repurchase its shares when the after tax cost of debt is greater than the E/P?

FCFF vs. FCFE

pacmandefense — Thu, 10 Apr 2008 12:08:53 -0400

1. FCFF is preferable (to FCFE) for a company with a history of leverage changes, as its growth rate will be more stable than FCFE growth rate.
2. FCFF is better for a firm with high leverage.

can someon explain why?

operations interview question

pacmandefense — Sat, 05 Apr 2008 21:57:36 -0400

for an ops position, many interviewers ask "do you want to work in a BO or FO position?

how can an interviewee honestly answer that?