Investment Banking Insights

By popular demand... here are my top 10 recruiting resources for investment banking! 1. 400Q Guide 2. Investment Banking by Rosenbaum and Pearl 3. Financial Statements by Ittelson 4. Wall Street Journal 5. Morning Brew 6. Dale Carnegie 7. Toastmaster's International 8. Microsoft Excel 9. Perplexity AI 10. Notion AI Contact: investmentbankinginsights@gmail.com

Here's a refresher on the concept of working capital. But we don't just cover the concept today, we'll look at the formula and what it means. Specifically: Working capital cycle (aka the funding gap) = Receivable Days + Inventory Days - Payable Days Thanks so much for supporting the show! Contact: investmentbankinginsights@gmail.com

Updates in the world of investment banking, regarding Wells Fargo's release from it's $1.95 trillion asset cap. Also, Ken Moelis steps down as CEO of Moelis & Co. The Pulse - Buy Side Recruiting Buy Side Resources (14 Real LBO Case Studies w/Apollo, Blackstone, KKR, etc.) For 10% off enter: IBI Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a co...

Drew Pascarella is a seasoned investment banker and educator (including my professor!). Drew shares his journey from an IT role at Goldman Sachs to becoming a front-office investment banker at Citi, and eventually transitioning to teaching at Cornell University.  We cover a lot of ground, including themes such as: - the importance of networking and mentorship - building your reputation throughout...

Series 63 exam results and differences from the SIE. Also…I just graduated from business school!!!! 🙌🏽 Contact: investmentbankinginsights@gmail.com

Most of the investment banking jobs in the United States are in New York...but what if you want to work somewhere else? Setting up your life in a physical location is a big decision that impacts your entire lifestyle. Today we cover how to tackle this interview question. Contact: investmentbankinginsights@gmail.com

Today we're sitting down with Pete Fraser, a former mechanical engineer who successfully pivoted to investment banking after his MBA at Cornell. Pete shares his journey from working in a steel mill in Gary, Indiana to landing a coveted position at Guggenheim in New York City. We discuss:  The culture shock of MBA recruiting A cautionary tale about getting cut The "Zero Defects" phil...

Beta measures systematic risk...great to know, but what do we do with it? In today's episode we'll walk through how to un-lever and re-lever beta based on the capital structure of a target business that you're valuing (e.g. for a DCF analysis). Contact: investmentbankinginsights@gmail.com

How I did on the Securities Industry Essentials (SIE) exam and advice for you! Contact: investmentbankinginsights@gmail.com

What does beta mean in finance and what is it used for? A simple explanation. Contact: investmentbankinginsights@gmail.com

Today we're performing a quick comparable companies analysis for NVIDIA in Capital IQ. We'll walk through how to create the set of comparable companies and get to the point of being able to compare trading multiples for similar firms. Contact: investmentbankinginsights@gmail.com

Today I'll give a quick update on where I'm at in my journey, and share some insights I've learned talking with a several of you! Contact: investmentbankinginsights@gmail.com

AI's a big buzzword these days, but it's worthwhile to think about how artificial intelligence is going to impact our work as investment bankers. While I don't think we'll be out of a job, I strongly believe the nature of our work as advisors is changing, and we'll be expected to do much more, as sophisticated tools allow us to expand our productivity. Contact: investmentb...

It's my pleasure to welcome Jason Lum back on the show to talk about recruiting trends and strategies to help you stand out (particularly if you go to a non-target school). We discuss what's going on in the market right now and specific actions you can take to make progress toward success! Looking for one-on-one help with the recruiting process? Jason and his team still have a few slots...

Last week we talked about the Capital One and Discover deal going on right now, and I thought it would be a great opportunity to explore how the math might look for a deal like this. We'll go over a simple merger model that I put together in Excel.  Contact: investmentbankinginsights@gmail.com

Capital One has decided to acquire Discover Financial, a big deal in the financial services space. Today we discuss the basic elements of the deal, including purchase price, consideration, and rationale. Contact: investmentbankinginsights@gmail.com

After you get the internship and secure the return offer, what's next? To get licensed as an investment banker, you have to take a few tests....bummer right? Don't worry, these are standardized exams that will draw on a lot of knowledge you've already been learning. Let's dive into exactly what these tests are so you know how to approach them when you're ready. Contact: in...

Happy 2025! Every now and then it's good to zoom out of the small details of recruiting and understand what's going on in the broader industry. Here are are some fast facts and figures about how the IB industry did in 2024...and my thoughts for what's to come this year! Contact: investmentbankinginsights@gmail.com

When you get that investment banking offer in hand, it's a beautiful thing. The most common situation is simple - you accept the offer! But what if you have multiple IB offers to choose from? It's an amazing position to be in, for sure, so how do you decide? We talk about this scenario today on Investment Banking Insights. Contact: investmentbankinginsights@gmail.com

How To Know When To Quit Recruiting Contact: investmentbankinginsights@gmail.com

There are a number of ways to prepare for investment banking interviews...and there are ways to  not  prepare. I've experienced some of these mistakes myself and want to share the lessons I've learned with you in today's episode. The content of what you share is important, but the way you deliver your message is equally important. Contact: investmentbankinginsights@gmail.com

Today I have the pleasure of sharing a conversation with someone who not only rose the ranks of investment banking to become a Director, but is also someone who runs recruiting at the largest privately held investment bank in the world, Lincoln International. Oh and...he's also the person who hired me at Lincoln! Jon Paris shares his story with us, detailing his career growth as well as what...

A trend is emerging among some investment banks, where case studies are becoming a component of the interview process. In today's episode, we discuss: why case studies can be relevant to investment banks the two structures of case studies I've observed how to approach preparation for case studies Contact: investmentbankinginsights@gmail.com

Today's episode features a conversation with finance consultant Jason Lum. Jason worked his way up to several high-finance roles - including a banking role at CIBC - from his time as an undergraduate at a non-target university in Canada. We discuss several aspects of the recruiting process, including: - using 'bridge' roles to land your IB job - the importance of combining networkin...

Today we'll look at a real deal pitch example for a deal that's happening in the market right now. We cover the basic facts of the deal and what things you can point to in terms of the strategic rationale for the acquisition. Contact: investmentbankinginsights@gmail.com