Hi Monkeys,
Hoping someone can chime in on the way to best learn the relevant information from Rosenbaum's IB Textbook for entering an IB Analyst role. While I know it is full of valuable information, other threads discussing, for instance, the book going over IPO sheets line for line aren't relevant at this time.
*For context, I'm preparing for multiple job interviews (some IB related) and want to get a more than adequate understanding for the IB prep. *
Some say it is the best resource into the 'why' thought process for IB, but does go beyond what is needed for IB. Is the workbook useful to buy that goes hand-in-hand with the textbook? I see there are questions at the end of each chapter as it is.
I have other resources online (WSP), but I'll be on vacation with limited computer access (currently injured, had to quit job, and recovering from surgery so vacation is not vacation).
Cheers
While networking, I asked a current analyst at a BB the order of importance of the Rosenbaum & Pearl chapters and he said the following:
"In my opinion, the importance of the sections is: · DCF · Comps · Precedent transactions · LBO (both chapters. First is a good overview of debt and capital structures · Buy side M&A · Sell side M&A
M&A sections aren’t super important for interviews, but good to understand at a very high level. Could get the classic “what happens if a company with a higher PE buys a company with a lower PE in an all stock deal?” (basic concept of EPS accretion dilution)."
Hope that helps. Good luck
Much appreciated.
Landed an internship for this summer. Honestly don't even need that textbook though interviews have been getting more technical lately - study up on all the valuation techniques, understand WACC inside out (know how changes in cap structure affect valuation, etc.), nail your behaviorals, all included in WSO/BIWS guides... That was more than enough to confidently sail through tons of rounds.
Agree with Bjoon - I received tons of questions about WACC.
I'd say to study / learn from all of the BIWS guides first - and know them cold - then use Rosenbaum as a reference and something to read after. BIWS is, imo, the best way to learn the info, but R&P do a good job explaining how it's done in practice.
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