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.

38 Comments
 
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.

 

Do you need the book to build the models out? ie. does it walk you through book examples? Or are they just general templates to use with any co?

 

Any ideas where to get the models without having to pay for them? Also, and good site with case studies in which these models could be applied?

 

Great book. This is how I got started learning about investment banking, and this is what ultimately led to my offer.

 

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.

 

I bought the book, however, being the idiot that I am I did not buy the version that comes with the models. I Initially did not know that there was a version of the book without the models too. But thanks for the advice

 

The Rosenbaum and Pearl book? Great starting point. Get the fundamentals from that, then go to BIWS for the excel / more practical application.

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