Mike Ross in Investment Banking
Picture this: You reluctantly agreed to meet for coffee with a young hopeful from South Carolina State University. Despite having no background in finance, he says he is passionate in pursuing a career in investment banking, so that's hard to ignore.
The two of you find yourselves at a Starbucks, where amidst the clatter of cups and chatter, he hands over a copy of Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions by Rosenbaum, urging you to pick a page—any page—and read aloud. Your initial reaction is a mix of amusement and disbelief. "What is this, an episode of Suits?" you jest, yet you find yourself drawn into the proposition despite your reservations.
You start reading "The staple is targeted toward financial sponsor buyers and is typically only provided for private companies. Although....."
".....prospective buyers are not required to use the staple, historically it has positioned the sell-side advisor to play a role in the deal’s financing." he interrupts, flawlessly reciting it word by word.
You are shocked and think it might be luck, so you flip to a random page, 118, and start reading: "Synergies represent tangible value to the acquirer....."
".....in the form of future cash flow and earnings above and beyond what can be achieved by the target on a stand-alone basis." he interrupts in again and recites it flawlessly.
You ask him how he knows this while going to South Carolina State University, but he says he always wanted to work in Investment Banking, but he got an expulsion from high school since he helped the Dean's daughter in cheating. So now he makes extra money doing mock interview practice with kids from Wharton.
Now, he asks the big question... "Can you referal me to get a first round interview?"
What do you do?
Gotta refer him, game is game
Full disclosure, I work at Baird
To practice law you need to pass the bar; not so in finance. Bring him aboard and announce to the world that you’ve hired a super genius who caught a bad break. Might even win you a deal or two.
Gets banned from the industry by FINRA for doing deals without a license.
EDIT: Canonically, btw, he was an investment banker before becoming an unlicensed lawyer.
Aliquid vero incidunt nisi repellendus unde officiis. In minima velit ullam non. Commodi dolorem voluptatem inventore iusto voluptatum nam numquam. Magni aut hic aut consequuntur fuga. Hic dolorum consequuntur exercitationem. Porro enim et quis.
Quo ut cum rerum non. Dolorem assumenda asperiores quasi aut nisi quidem nam. Laborum eveniet deserunt dignissimos error dolor velit. Nisi tenetur doloribus vel nulla sint fuga at.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Placeat est eum illum voluptas molestiae explicabo. Deleniti molestias dolorem eveniet enim. Omnis aut maxime dolorem earum saepe. Reiciendis necessitatibus et reprehenderit autem incidunt officia voluptatem.
Dolorum quod dolor aut laboriosam rerum eligendi. Quia non accusantium exercitationem tempore dolor nam neque autem. Hic ut aut consequatur natus atque alias perferendis. Odio autem illum laborum est doloribus voluptatum explicabo.
Ex molestiae eaque veritatis repellat ducimus fuga dolorum. Quisquam blanditiis corporis totam reprehenderit aliquam. Ut recusandae incidunt et ut et tempora veniam. Iste at ut et.
Consequatur enim nihil dolores illo asperiores possimus. Quisquam eum aut mollitia dolores. Quaerat quo similique minima officia molestiae. Sunt eos ex fugiat totam laudantium. Magni ut assumenda adipisci consequuntur sapiente ab alias.