A top-notch resource for anyone who wants to break into the demanding world of investment banking For undergraduates and MBA students, this book offers the perfect preparation for the demanding and rigorous investment banking recruitment process. It features an overview of investment banking and careers in the field, followed by chapters on the core accounting and finance skills that make up the necessary framework for success as a junior investment banker. The book then moves on to address the kind of specific technical interview and recruiting questions that students will encounter in the job search process, making this the ideal resource for anyone who wants to enter the field. The ideal test prep resource for undergraduates and MBA students trying to break into investment banking Based on author Andrew Gutmann's proprietary 24 to 30-hour course Features powerful learning tools, including sample interview questions and answers and online resources For anyone who wants to break into investment banking, How to Be an Investment Banker is the perfect career-making guide.
Introduction Overview of the Book Who Is the Book For? Structure of the Book Acknowledgments Chapter 1: Introduction to Investment Banking Overview of an Investment Bank Overview of Investment Banking The Life of an Investment Banker Frequently Asked Questions Notes Chapter 2: Accounting Overview Introduction to Accounting The Income Statement The Balance Sheet The Statement of Cash Flows Integrating the Three Financial Statements End of Chapter Questions Chapter 3: Finance Overview The Financial System Principles of Finance Introduction to Corporate Finance Valuing Securities End of Chapter Questions Chapter 4: Financial Statement Analysis Sources of Financial Information Financial Statement Analysis Analyzing Different Time Periods "Normalizing" the Financials End of Chapter Questions Chapter 5: Valuation Introduction to Valuation Comparable Company Methodology Precedent Transaction Methodology Discounted Cash Flow (DCF) Analysis Valuation Conclusions End of Chapter Questions Chapter 6: Financial Modeling Overview of an Integrated Cash Flow Model Building an Integrated Cash Flow Model End of Chapter Questions Chapter 7: Mergers and Acquisitions M&A Overview The M&A Process End of Chapter Questions Chapter 8: Leveraged Buyouts Overview of LBOs LBO Modeling LBO Conclusions: Do We Do the Deal? End of Chapter Questions Chapter 9: Recruiting, Interviewing and Landing the Job What Are Investment Banks Looking For? The Recruiting Process Resumes and Cover Letters Networking and Informational Interviews Interviewing Receiving an Offer and Being a Banker Conclusions Further Reading About the Author