Rosenbaum/Pearl sufficient for IB internships, or should I cover Damodaran as well?

wasloswaslos's picture
Rank: Chimp | 5

To prepare for future internships I've recently finished Rosenbaum and Pearl's book on IB. Now I've skimmed through one of Damodaran's lectures on valuation, where he mentioned that valuation, as conducted in IB, is merely considered pricing and distinct from what he teaches.

For those who had insights in IB and/or Valuation and are familiar with the resources mentioned - would you recommend preparing Damodaran's course as well? Or is that just overkill? Besides the ubiquitous praise for his content, I've also read some comments that it's too theoretical compared to it's real world application.

Comments (4)

  • Intern in IB - Ind
May 23, 2020

Also interested ^

May 23, 2020

I've always found knowing academic finance to be interesting and useful. But it tends to be different than what's actually done on the desk.

Damodaran has all of his lectures on YouTube. Worth a watch. He's right when he says banking is about pricing. At the end of the day, banking clients want to know how they're valued against their peers. If their peers are trading at 14x but they're only at 11x, they'll want to know why.

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May 23, 2020

If you have time on your hands, I would suggest reading Financial Modelling & Valuation by Paul Pignataro. It builds nicely on the Rosenbaum & Pearl book and I found it to be an excellent follow up.

By the way, make sure you really under R&P, this involves digging deep into the models and really taking the time to understand the excel, not just reading the book.

May 23, 2020
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