Silver BananaTopicReplies
0
What is the process of becoming an investment banker?

s-the killer

I am a high school student with average grades. I am currently in 11th grade. My grades so far have not been too bad. My current lowest mark in a university/mixed level course is a 70% (in Biology, and I am never taking it again) and my highest is an 81% in Chemistry (definitely not doing Organic Ch...

1
+1
Non-Controlling Interests and Equity Investments

EBITDA Cash

I found the following excerpt in a book about valuation that I do not understand: "**Non-Controlling Interests and Equity Investments** Leave these items out of FCF projections. Doing anything else is equivalent to torturing yourself for fun. *Yes, you could follow the inclusion/exclusion princip...

3
+1
Use Net income and P/E multiple to determine feasibility of cash dividend?

XHexK12

You are evaluating a company that has Net Income of $100M and a PE multiple of 15x. The company is considering raising $200M in debt in order to pay a one-time special cash dividend to shareholders. Is it a good idea? Seems like I am missing something here. Please provide guidance :) Thx! ...

4
+3
Why do P/E multiples and EBITDA multiples yield different valuation results?

NewAmsterdam

Why do P/E multiples an EBITDA multiples yield different valuation results? Stuck on this interview question that an interview asked me....

12
+1
Lazard Sophomore Women's Event

alayt

I have not been able to find the link for the 2019 Lazard Sophomore Women's Event. If anyone has, could you please add it as a comment to this post?...

3
+5
Lazard - Middle Market Advisory

Step2

Hi All, First time poster and long-time lurker. Just wanted to get some thoughts on Lazard's Middle Market Advisory group. People from past threads seem to bash the group but talking from people there first hand, they seem to have constant dealflow and occasionally get cross-staffed on larger assig...

11
+1
Anyone have experience with Armory Securities?

Long_ROPE

I was recently given an Introduction to an MD at the LA office of Armory Securities and am having trouble finding anything really talking about them. Does anyone on here have any experience working there or interviewing there? Any info before i talk to more people at the firm would be much apprecia...

1
+1
Confused on definition of Equity Value and Enterprise Value?

AA777

Hi All, So, a guide I'm using offers two definitions of Equity Value and Enterprise Value. One definition is as follows: **Equity Value** = Value to Equity Investors **Enterprise Value** = Value to Equity Investors + Value to Debt Investors + Value to Preferred Investors (and possibly others) ...

3
+3
Is Alex. Brown - now under Raymond James - still an Investment Bank?

davidclark54321

Is Alex Brown still a player in the investment banking space? IPOs/M&A, etc, or now that they have been acquired by Raymond James, are they mostly in financial planning/wealth management? ...

6
+1
Technology / Innovation in Investment Banks

Twinkle

Has anyone noticed the investments BBs are making into technology within the investment banks? https://www.bloomberg.com/news/articles/2018-08-20/inside-jpmorgan-a-bond-vet-builds-a-team-to-digitize-dealmaking https://www.goldmansachs.com/careers/blog/posts/digital-disruption-of-investment-banking...

2
+1
Valuing a Hybrid Revenue Business

Monkeydevelopment

Would really appreciate some help on this as I am struggling with a special project I got staffed on... How would one go around valuing a business that has a portion of its revenue stream from subscriptions to a product (bring in a monthly constant revenue per unit), and the rest from one time charg...

2
+3
Can you put deal experience on your resume as an intern?

John-Jacobs1

If you are at a boutique IB and have a solid deal flow, is it appropriate to put "selected transaction experience" on your resume and list the deal after it has closed? If so, when do you need to be involved in the process in order to say that? While Pitching?...

16
+1
two-step acquisition

Flomm

A company which tries to acquire a target in a two-step process and fails to get the necessary ~90% shares then has complete the steps corresponding to a one-step process (i.e. file a proxy statement and convoke a shareholder-meeting). Does that actually make sense? Provided that the company that h...

1
+11
IB Best Offices - UPDATED 2018

MMMaybachMusic

Hi All, More of a fun one: Hoping to get a list going as to the best/nicest office buildings for investment banks (ideally in NYC) and why you think they're desirable (amenities, layout, artwork(?), etc.). I'm aware that a similar question has been asked before but figured we'd get an updated li...

38
+1
How many hours do you actually work?

donnyboy101

I am a few years on the job and have worked about as hard as you can as analyst, but don't find the hours to be I as close to the 100+ hour mark as are described to me (have had 2-3 100+ hour weeks per year.). I also find long hours to be more related 1) ineffective or inexperienced analysts 2) ove...

1
+1
How to project a 3-statement model

you_get_the_dream

Hi Guys, have an interview upcoming. Could anyone please walk me through on a high level basis, how to project a 3-statement financial models?Thanks!!!...

22
+1
Freshman Intership Opps for the Summer

breezyblocks

Hey! So I'm a freshman and I'm in California (SF) for winter break and I want to find an internship (Investment Banking) or something related for the summer because I don't have a study abroad or anything else in line for me. I want to end up in SF in hopefully a tech banking role (that's the dream...

1
+3
Could a person who graduated from a non target UG with sub 3 GPA in Biology ever break into Wall Street?

noobMD

I am a 23 year old who just graduated from a complete no name state school with a ~2.97 GPA with a B.S. in Biology. It took me 5.5 years to graduate due to several personal issues I had mostly to do with my maturity. Also, during this time I got a DUI so there's that. Eventually, I figured it out an...

17
+6
Bankers: WTF are you doing from 8pm to 2am?

BlackHat

From a guy who's never been in banking, but knows enough people that were and they STILL can't answer this question with anything that makes sense. Okay, I don't know about you guys but I typically work from like 8 or 9am until like 6pm most days - no weekends usually other than maybe fielding phon...

143
+1
Should I Focus on Preparing for Investment Banking or Consulting

articlecreator

I will be a senior next year and applying to different firms for a job. I have all the time between now and the end of summer when applications go out to start preparing for the specific jobs. I was wondering if I were to spend all this time to prepare for the interviews of one type of job consultin...

2
+2
West Coast School to NYC IB

Boi

I'm currently a freshman at a West coast non-target/semi-target and I was wondering how I would go about networking for an analyst role in the city for 2021. Would phone networking be fine for alumni in the city or should I set aside some of next year's winter break for coffee chats? ...

9
+1
M&A Intern: No live transaction experience?

Financeenthusiastt

I am currently doing a 3-month internship in M&A (in continental Europe). Even though I intern in the execution team of the department (as opposed to one of the sector origination teams), none of us interns are assigned to work on live deals. What this means is that most of my time is spent making p...

1
+1
Summer courses Corporate Finance - M&A

Go-Ba

Which summer courses related with corporate finance, M&A, IB, etc. do you recommend? Similar to the summer courses of LSE I work as associate M&A FIG in a european firm MM ( and in Europe) and I want to use this course to practice my english but focused on finance. Thanks...

1
+1
GPA discrepancy on resume

susannunya4

My school does not offer an official GPA on transcripts (official or unofficial), but the career center employees determine what roughly a student may have for a GPA by looking at their grades. I have a 3.6 listed on my resume, but I checked in with a career center employee and it looks like I have ...

1
+2
Full-time job: FT partners vs Mizuho industrials

CapMonk

Hi all, I'd love to hear yall's advice on this: FT partners SF position v Mizuho NYC industrial group. My background: east coast non-target, already got the Mizuho offer and facing last round with the CEO of FTP after 5 rounds already, have to sign offer before Christmas so I'm asking in advance i...

16
+1
Full Time Interview - Best Prep Package

StraightCasHomie

Hi everyone, I am junior at a top 15 non-target and have a IB SA gig at a small regional boutique next summer. I want to try to make the jump to a BB (of course) and was wondering what prep course is the best for full-time interviews. I figure that I have to really understand my technicals come int...

1
0
Those of you who secured internships freshman year, can you please share your experience

AdderallMonkey

I understand very very few firms will accept freshman interns and 99% of them will not respond to emails. However, those of you who were successful, can you please share your experience? Did you simply cold-email? How did you word your cold-email? What are some do's and do nots? Thanks so much ...

18
+7
Oil and Gas Going to Shit...Effect on O&G IB?

IBslave

Title pretty much says it all. What effect does this oil slump have on IB careers in the O&G industry?...

23
+1
IBD Interview Question: Why use P/E to value banks? Why is P/BV a better multiple than P/E for bank valuation?

VanPro

The exact questions are: Why use P/E over EV/EBITDA to value banks? Why is P/BV a better multiple than P/E for bank valuation?...

5
+24
People wondering whether they should quit their IB job to join the military

Romain-Mar

This post is inspired by a recent thread in which someone mentioned wanting to leave his cushy IB position at 26 to join the military as a junior officer. Apologies if it's in the wrong forum, moderators. As someone who recently got out, it baffles me. To anyone in the same boat, I don't recommend ...

20
+1
To stay or not to stay

SaraTCM

I'm a hs student in Cali. I want to work in IB and maybe PE but I have trouble deciding where I want to go to school. I love Cali but I'm wondering if I would make more money in NY than in LA. (I've decided money doesn't follow me so I'm gonna have to follow it). I have a feeling it will be NY but I...

1
+1
'Running the data room'

curlyarmstrong

This is going to sound a little naive from a current monkey, but I've had a distinct lack of sell-side M&A deal experience, and as such have never run a data room. Can anyone shed some light on what this exactly entails in terms of content in the data room (I'm sure I know some of the things, but i...

9
+6
Expected Hours BB Associate and up

TouchedbyYou

What are the expected hours for at a BB non-NYC location (above average group) for Associate 1, and beyond?...

19
0
Working hours/salary front/middle/back office in IB

Merlo97

Hi there! Could you please give me some information about working hours/salary for different roles in IB (I mean in all the departments, ranging from front office (sth like S&T/M&A/AM) to middle/back office) If I did not mention it, I am referring to an entry position (analyst) Thanks in advance! ...

4
+4
Full-Time Dilemma - 2 Offers

bigbootyprincess

This is currently my senior year, and luckily I have been able to find employment already. During August this year, I was deep in the process for a MM in a satellite city (think Atlanta/Washington/Boston/Chicago). At the time, it looked like my only feasible offer. When I got the call late-August,...

21
+1
Transaction Comps - EV and Equtiy Value

KubSaki

How does one calculate enterprise value and equity value in transaction comps when the target is a private company? I can only find examples for public targets....

2
+2
BB Corporate Banking or Middle Market IBD

Chris98

I am a junior in college that will be working in corporate banking over the summer. The end goal for me is private equity or an impact investing firm. Is the transition from CB possible or should I move to the IBD of a middle market firm like Stifel, Jefferies, or Harris Williams? Thanks!...

5
+1
Credit Suisse Group Insights

ResumeAttached

Hi folks, I'm a first year MBA at one of CS's core schools but not necessarily a powerhouse finance program and am interviewing for summer associate positions in January. I've really enjoyed getting to meet the people at CS and have definitely made great headway with them over the last few months, ...

4
+3
Guggenheim Restructuring?

anonymous1234512314123123

Wanted to get some info on this group. I heard it is growing rapidly but any info on exit opps? Thanks...

27
+2
Cain Brothers and Keybank

ibankingstud123456789

Thoughts on Cain Brothers? Good firm to work at? Exit opps for analysts? How does Keybank acquisition affect it?...

7
+1
Help! Undergrad from Non Target looking for advice on what to do to break into banking

hcmj19

Happy Holidays everyone, the reason I am making this post is that I am desperate for the guidance that I need in order to know what to do to break into banking. I want to make the most out of my winter break. I am currently a 3rd-year student at Rutgers who has no finance experience. I have been try...

1
+2
Ivy Transfer?

monkeytomd

Hello everyone, I'm currently a sophomore at a LAC in NY and have a 3.7+ GPA majoring in economics and computer science. I wanted to find out your opinion about transferring to an Ivy. I know it's extremely competitive but I feel like with the right mindset I can at least shoot for a more IB frie...

4
+1
Hiring During A Bear Market.

sargingdoakes

With the recent tanking of the markets and the general shitstorm we live in, how will hiring be affected? ...

1
+1
No more Boost Excel Add-in...

alpha.beta.

http://wspanalytics.com/ "As of June 1, 2018, WSP Analytics is no longer developing or selling the Boost Excel Add In. Boost email support is currently open only to WSP Analytics customers who purchased Boost on or after June 1, 2017." Does anyone know whether there's going to be a replacement for...

4
+1
D&A on cash flow statement and balance sheet?

Omgo69

I was performing a DCF analysis on a public company when I noticed that there is D&A on the balance sheet under PPE and D&A on the cash flow statement under cash flow from under operating activities as well as these numbers are different from each other. For the FCF, do I add these numbers to get to...

1
+1
Cash on Hand vs Debt Financing

KubSaki

Can s/o explain to me why cash on hand an debt financing are viewed as equivalent (and a company's use of cash on hand is typically assumed as it's opportunity cost of issuing debt)?...

1
+2
Nomura Sales vs. JPM Wealth Management (Hong Kong)

Beabs

Hi, I recently received SA offers from both Nomura Sales and JPM Wealth Management in Hong Kong. Not sure which one to take. Definitely find markets a more exciting place to work in and Nomura is quite strong in Asia/HK, but WM is such a booming business in Asia at the moment and the name of JPM jus...

9
0
Summer 2020 Investment Banking Internships

Ashwin-Rajesh

Hi I am an undergraduate at Boston University. My major is Economics & Mathematics with a minor in Finance. I am hoping to get into the BA/MA program in Economics and graduate with a masters degree in Economics along with my undergraduate degree in Economics and Mathematics. I will be applying for I...

3
+1
Why Maelys B Tight?

alinlder90

Maelys B Tight fixings are blended with extraordinary innovation and they are prepared with the assistance of science. It is an item that has gotten high-prominence and this additionally inspires the makers to improve an item. Maelys B Tight has the best recipe since this is the item which has been ...

1
+1
Fixings Packed in B-Tight Booty Mask Cosmetics

alinlder90

B-Tight Booty Mask :The majority of the fixings included this recipe goes about as a thinning dynamic specialist and spotlights on extensive lipid beads! This is the means by which this item stands separated from standard fat killers. In addition, this lifting cover additionally goes about as a mome...

1
+2
O&G banking - Should I be worried?

Olefins

I am currently signed at an MM for O&G IBD internship in 2019. With the crude market looking pretty bad, if this downturn continues how worried should I be about getting a return offer? Or worse - even a reneged internship. ...

1
+1
Bible of RX Books?

BBA18

Anyone have any recommendations besides Moyer's book or HL's Troubled company? Looking for something that is both technical and conceptual and was published somewhat recently. Moyer's seems to be the go-to RX book, but it's an '06 publication I believe, so a lot of the info is likely dated and no ...

4
+3
Investment Banking Bonus Vesting

aidenheyltor

Is it common for investment banks to vest analyst bonuses over three years? I'm getting my first year stub bonus in full at the end of the year, but all full-year bonuses going forward will be paid 50% the year it's earned, and 25% each over the subsequent two years....

14
+2
Where do you get your filings?

905comingfor212

I've been using EDGAR, although I'd really like an alternative that didn't burn my eyes. Where do you guys get your filings from? Do you know of any way to download as PDF that won't require some unaffordable subscription? ...

2
+3
IB Associate raising a family in NYC

IBassociate78

Hi all, I created a new account to maintain anonymity, but I am a 2nd year post-MBA associate working in a non-NYC office. I have the opportunity to join a bank in NY and am have some questions relating to IB Associate lifestyle in NYC. I am married and my wife and I are expecting with our firs...

10
+2
Energy Project Finance - anyone out there?

Rickybobby

I'm looking to go back to school for an MBA, and I've been researching post-MBA careers. I haven't seen much about this topic on here, and I was wondering if anyone worked in this field or was familiar with it. I thought it looked pretty interesting, but can't say I know anyone involved. Much app...

12
+1
Commercial Banking Analyst to Investment Banking

Michaelwoods549

I am currently in a Commercial Banking program and was wondering how difficult/doable it is to transfer into IB, is it possible? If so, how difficult is the task? ...

3
+2
Have 3 weeks to prepare for project finance modelling test. Need help!

notbad4aquant

To keep it short, I currently work at a boutique predominantly focused on technology. I recently interviewed with a director at a lower BB outside the USA, and he's keen to give me a modelling test to see how well I do. This BB has a tiny presence here but win significant infrastructure and power d...

6
+1
What Happens to IS in Vertical Acquisiton?

dontbugme

Say you buy a supplier. They charge you $10 and it costs them $6 to make the product. Isn’t this value destructive as while your expenses decrease by $10, their IS decreases by $16 ($10 revenue plus the $6 expense they still occur). This is embarrassing but I literally can’t think around this....

1

Pages