Anyone here read this book by Bill Keenan?
Personally started this last week and am about halfway through. Pretty entertaining read, dude is a solid writer and the book is certainly a throwback to my banking days (for better or worse). Interesting to see some of the differences of working at a BB such as having to deal with credit committees vs. what you'd experience at an EB or MM where you're not doing anything off your own balance sheet, but so much of the day to day bullshit rings true. Also highlights the differences between a bank w/ a lot of outsourced resources at your disposal (e.g. graphics / research / presentation teams) vs. one where you have to do pretty much everything in house. Another thing it definitely brings to light is the disparity between what experienced analysts know vs. fresh post-MBA associates w/ no prior experience.
IMO this is a great read for anyone who isn't sure if banking is for them or not, or for anyone who thinks banking is all about "models and bottles" (hint: it isn't).
Also, book is authored by the same guy who wrote this email: https://dealbreaker.com/2018/02/investment-bankin…
how much did he pay you to make this post?
Lol I wish I got paid for this. Saw his IG tags - absolutely ridiculous lol there's no way all those IG girls actually read it or understood what was going on.
My firm has an "education budget" every year so used part of that for this - easy cop.
Haha unsuccessfully tried getting hold of a free PDF version but it's like $10 on Kindle so might as well cop. As someone heading to CBS and recruiting for IB, think this will be an entertaining/relevant read
On page 219 of Discussion Materials the book and page 8 of discussion materials deck for M&A pitch
anyone got a pdf of this? can i pm you?
Yeah same, if anyone has a PDF and is feeling charitable please lmk if you're open to PMs
Kindle version is like $10
Yea not to sound righteous but I think you can afford a $10 Kindle book buddy
i got it already hahaha finished the whole thing in 4 hours
PM, I can venmo you 5 bucks for it
no need for that man hahaha i can send it to you for free
i have it on the kindle though not sure how to get a pdf from that... lmk if you know a way
https://www.epubconverter.com/kindle-to-pdf-converter/
feel free to dm whenever you have the chance haha
Could you please DM me as well?
DM too please
Bunch of fucking broke boys wow
Any chance you could shoot it my way too? Thanks
How did you read this in four hours
finished it the other day and yet again I am seriously reconsidering my life choices
From what I read so far, seems like a juiced up version of Monkey Business
Monkey Business went under radar. Great read for all future IBDers
I'm 90% through the book right now. Well written, easy to read, and funny/entertaining throughout. Author skews towards the cynical side but not so much that it becomes too much of a downer to enjoy.
Really recommend it for people in finance, and especially recommend it for those pursuing an internship/FT spot. Very down-to-earth and it ought to encourage some people to be a little less hardo.
I picked it up for $10 on kindle because I read everything, it’s actually pretty solid. Like an updated monkey business. I will say though, if this is even remotely accurate, this day to day experience is so foreign to me coming from an EB (outsourcing a ton of the work, gigantic bloated decks cobbled together from zombie materials, having huge teams from sponsors / lev fin / coverage team all on the deal, etc)
Anyways, definitely going into my recommended list
Any other favorite finance books to recomend?
A few more books that are good reads: (I’m a sucker for business nonfiction narratives / memoirs)
Barbarians at the Gate The Outsiders Smartest Guys in the Room Black Edge Big Short Bad Blood Den of Thieves King of Capital All the Devils are Here The Everything Store Accidental Investment Banker Disney War When Genius Failed Billion Dollar Whale Zero to One The Most Important Thing Liars Poker Monkey Business What it Takes The Ride of a Lifetime Billion Dollar Molecule Shoe Dog Boys in the Boat (not business, but just a dope book)
Those are all narrative nonfiction style rather than “learning”
If you haven’t read it already, start with Monkey Business or Liars Poker. They are lighter fun reads
Yeah, would say being able to outsource that much work and the huge teams were 2 things that stood out to me a bunch vs. my personal experience coming from an MM. But overall tenor / BS you have to deal with was definitely accurate.
Worked at BB but never knew people who outsourced the way this guy did. tbu - not my problem
At the BB I interned with this summer we outsourced so much shit to India. I felt bad sending them so much stuff...
Are these emails, office communicator messages, and company filings he put in book real?
No idea honestly. Could see them being screencaps if he was thinking about writing this book while still in banking, or recreated mockups from memory otherwise.
I wouldn't be too surprised if they were real screencaps - read an interview where he said that he knew early on that he wanted to write about his IB experiences
pretty good - have an exam in 2 days i havent studied shit for but cant put this down so far
pass fail baby
you know da way
Just read it and thought it was great. Would definitely recommend it for anyone considering going into banking, it's the only book I've read that talks about the day-to-day reality of IB.
Also thought it was a good reality check before starting FT.
jeez
that nightmare ipo bakeoff with 2 all nighters almost had me in tears...
ptsd af
What's craziest story you've heard from FT juniors?
Good rec, just bought it. Not sure I'll ever have time to read it, but I'd like to one day.
Next time MD asks "where are we on deck?" Just send him the book. "Please find final version attached."
as an incoming analyst at a BB that didn’t intern in IB or at a bank, it gave me sever error anxiety lmao I’m horrified now
as someone who did a few internships and am an incoming SA at a BB - this gave me severe anxiety and ptsd lol
it was a pretty solid read
Just finished--entertaining. Near the end though, delivering pitchbooks at JFK terminal to MD? is this for real
Have sent analysts to EWR and Penn Station. It’s a quick trip compared to putting them on the plane to take the books to meeting
..
Liar's Poker but for IBD
This book slaps. Read it in two days and found myself laughing aloud often (note: may be skewed by lack of human interaction in quarantine, dark days indeed). Keenan's depiction of the day-to-day in banking is more detailed and IMO more accurate than that of Monkey Business, Liar's Poker, etc and therefore more relatable. He seems like a genuine dude so I wish him all the best in his post-banking ventures and hope he does one day smash that chick from Factset.
tbu chapter: best finance chapter of all-time. That is required reading for junior investment bankers.
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