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How to Be an Investment Banker: Recruiting, Interviewing, and Landing the Job, + Website

How to Be an Investment Banker: Recruiting, Interviewing, and Landing the Job, + Website

Andrew Gutmann

ISBN: 978-1-118-48762-4

Apr 2013

448 pages

In Stock

$75.00

Description

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.

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Introduction xi

Overview of the Book xii

Who Is the Book For? xiii

Structure of the Book xiii

Acknowledgments xix

Chapter 1 Introduction to Investment Banking 1

Overview of an Investment Bank 2

Overview of Investment Banking 7

The Life of an Investment Banker 22

Frequently Asked Questions 47

Chapter 2 Accounting Overview 55

Introduction to Accounting 56

The Income Statement 58

The Balance Sheet 69

The Statement of Cash Flows 83

Integrating the Three Financial Statements 88

End-of-Chapter Questions 99

Chapter 3 Finance Overview 101

The Financial System 102

Principles of Finance 107

Introduction to Corporate Finance 114

Valuing Securities 130

End-of-Chapter Questions 145

Chapter 4 Financial Statement Analysis 147

Sources of Financial Information 148

Financial Statement Analysis 158

Analyzing Different Time Periods 169

“Normalizing” the Financials 174

End-of-Chapter Questions 177

Chapter 5 Valuation 179

Introduction to Valuation 180

Comparable Company Methodology 194

Precedent Transaction Methodology 210

Discounted Cash Flow (DCF) Analysis 219

Valuation Conclusions 238

End-of-Chapter Questions 245

Chapter 6 Financial Modeling 247

Overview of an Integrated Cash Flow Model 248

Building an Integrated Cash Flow Model 262

End-of-Chapter Questions 292

Chapter 7 Mergers and Acquisitions 293

M&A Overview 293

The M&A Process 302

M&A Analysis 310

End-of-Chapter Questions 322

Chapter 8 Leveraged Buyouts 323

Overview of LBOs 324

LBO Modeling 331

LBO Conclusions: Do We Do the Deal? 347

End-of-Chapter Questions 348

Chapter 9 Recruiting, Interviewing, and Landing the Job 349

What Are Investment Banks Looking For? 350

The Recruiting Process 354

Resumes and Cover Letters 360

Networking and Informational Interviews 368

Interviewing 375

Receiving an Offer and Being a Banker 398

Conclusions 403

Further Reading 405

About the Author 407

About the Website 409

Index 411