Mergers And InquisitionsMergers And InquisitionsGet a job in investment banking. Resume, interview and job search tips for the finance industry. Learn how to get a job in the industry and then maintain your sanity once you do. Articles
2008 Bonuses: Why I (Almost) Believe The Numbers
2008-06-04 13:25:00 “Why are the girls flocking? It?s Bonus Season, and the numbers are looking good. The average on The Street is around ~50-55K. Blackstone Group leads the group at 60k with Bank of America IBD rounding up the pack at ~$200.00 CAD (up 30% from last year).” -Bonus Season, The Leveraged Sellout (note: these refer to 2005 ... More About: Economy , Numbers , 2008
Weekly Reader Q&A: The Age Factor, Finance Internships Abroad, And Fall Ana
2008-05-30 09:30:00 As the end approaches (I’m a few short weeks away from finishing up my investment banking “career”), I keep receiving interesting questions every day. My email volume doubles each week (or at least it seems that way), and while that’s bad for my free time, I could now do endless Q&A columns and never ... More About: Finance , Reader , Internships , Weekly , Factor
The Investment Banking Summer Intern Success Guide: Yes, You Better Get My
2008-05-27 10:30:00 “Always carry shoe polish, in case said analyst?s shoes need a shine. Forget your blackberry holster ? what you need is a coffee cup holder for more than four cups ? this way, you?ll need only make a single trip to Starbucks each morning when you bring your team coffee.” -..and Some More Investment Banking Summer ... More About: Success , Guide
Weekly Reader Q&A: Diluted Shares Outstanding In A DCF, IT To Investment Ba
2008-05-22 10:30:00 Weekly (or maybe this should be bi-weekly?) Reader Q&A continues this week, and I prove that I can indeed answer technical/finance questions as well (one of the benefits of working in an M&A group is that I know all sorts of obscure finance/tax trivia you never use 99% of the time), so if you have ... More About: Investment , Recruiting , Weekly , Shares
Investment Banking Wardrobe For Men (Take 2)
2008-05-19 10:30:00 So it seems my post last week touched off a little a lot of controversy and some many did not agree with the recommendations within. I take feedback very seriously, so this post is a re-write of the original and hopefully gives better advice specific to banking rather than just listing business casual items to buy. Basic ... More About: Fashion , Investment , Banking , Investment Banking
Financial Fashion: Crafting A Winning Investment Banking Wardrobe For Men
2008-05-12 11:29:00 “For those kick back in the Hamptons with a vodka-cranberry kinda days, I have a Lacoste polo in every pastel color and, of course, my trusty pair of Nantucket Red khakis. I also made sure to purge any undershirt that didn?t have a little horsie on the lower left because I don?t feel secure if ... More About: Fashion , Investment , Financial , Banking , Crafting
Weekly Reader Q&A: Law School Student To Finance, How Summer Analysts Are J
2008-05-09 20:21:00 With summer internships approaching, there are 2 topics on everyone’s mind: 1) how to get the full-time offer and 2) how to get an even better internship, even at this late stage. Meanwhile, the questions on breaking into investment banking from other fields continue to roll in. Law School Student To Finance “I just read your ... More About: Summer , Recruiting
Becoming Frank Quattrone: Investment Banking Lingo 2.0
2008-05-07 15:08:00 “Hahah, oh snap! That is hot. Get this though, the other day, this MD accidentally spills coffee on this analyst?s shirt. MD doesn?t really say anything, just goes on working. The analyst is moping around all day whining about his shirt. So finally, the MD drops $100 bill on the analyst?s desk and goes ?Quit ... More About: Investment , Banking , Frank , Investment Banking
Investment Banking Lingo: How To Walk, Talk And Act Like Gordon Gekko
2008-05-05 11:43:00 “I have read Monkey Business, Liar?s Poker, and When Genius Failed each 3 times and consider them my collective bible. I know I have the eye for perfection and artistic vision to create truly immaculate pitch books. I am Microsoft Certified in Excel, and I know all the shortcut keys (alt-i then r, that will ... More About: Investment , Banking , Talk , Gordon , Gordon Gekko
Finding The Time To Interview (How Many Trips To The Doctor Can You Have In
2008-05-01 10:43:00 “The difficulty is in coming up with a credible excuse or rather, a set of excuses, when you need to do follow on interviews in a short period of time. Let’s face it, three doctors’ appointments, two visits to the dentist and a broken boiler, fridge and blocked sink in the course of the two ... More About: Time , Interview , Doctor , The Time
Headhunters: Friend Or Foe?
2008-04-28 11:15:00 ?My name is Rebecca Nicholson. I?m a recruitment consultant at Assbury Moron.? This HR chick has obviously mis-dialed and has no idea that this is not Assbury Moron, or wherever else she?s looking for. ?A recruitment consultant. A headhunter. Are you free to speak for a few moments?? A headhunter! Wow. Ok. Sure you have time to ... More About: Recruiting , Private Equity , Friend , Friend or Foe
Weekly Reader Q&A: Elite Boutiques, Moving To The Buyside Early And How To
2008-04-24 22:15:00 Another crazy week at work (pending deals and, you, know, everyone getting laid off and leaving me with all their work to finish) and another weekly reader Q&A while I find time to write more 3,000 word articles… Elite Boutiques “I had multiple full-time bulge bracket offers but instead opted to go to a recently founded “elite” ... More About: Fashion , Reader , Private Equity , Moving , Early
The Conference Room: How You Get Fired In Finance
2008-04-21 09:35:00 Subject: Hey, do you have a minute? Either come to my office or we can meet in a conference room. Uh oh. Unless that email is coming from the co-worker you've been secretly dating or (one of) the secretaries you're having an affair with, you're probably going to be fired in the next 5-10 minutes if you see this subject line in your inbox. More About: Finance , Fired , Room , Conference
Weekly Reader Q&A: Investment Banking And Ego, Just How Male Dominated Is F
2008-04-16 14:25:00 Sometimes you do feel like you're Gordon Gekko, even though you're just an Analyst, and other times you get assigned random stupid work like formatting Excel, crossing out names in documents and even manual labor (I'm not making this one up... full story coming later) and you feel like a peon. More About: Investment , Reader , Banking , Weekly , Male
Tax Savings As An Investment Banker: Good Luck
2008-04-14 15:55:00 As an entry-level investment banker, you will be somewhat constrained in your attempts to find a marriage partner. With about 5 hours of free time per week, your options are limited to a) office romance or b) importing a husband/wife. Neither is great, but b) is probably better from a career perspective. More About: Investment , Good , Banker , Savings , Luck
Lateraling To Another Investment Bank? Look Before You Leap
2008-04-10 22:20:00 "Inquisitor, I'm at Lehman's TMT Group currently but I heard that Goldman TMT is way better and that everyone who works there aces their private equity interviews and gets offers at KKR and Blackstone. How can I transition over to a much better group/bank?" Every week I get questions like the one above. And my reply is usually the same: don't bother. In most cases, lateraling is simply a waste of time and effort. Around this time of year, though, young investment banking analysts everywhere think about making the move. More About: Investment , Investment Bank , Bank , Leap
Private Equity Interviews In 3,000 Words
2008-04-07 14:00:00 Ah, private equity. The promised land. What you slave away for as a banker: the chance to become the next Steve Schwarzman. But unless you have an inside connection with Steve himself, you'll have to go through a few interviews to get to paradise. More About: Interviews , Recruiting , Words , Private Equity , Private
So, What Will I Do As An Investment Banking Summer Analyst (Besides Get Abu
2008-04-04 14:43:00 Lately I've been getting lots of questions on what exactly investment banking Summer Analyst s actually do. As we all know, at the top levels investment bankers are just miniature versions of Ari Gold. But are summer interns just miniature versions of Lloyd? More About: Investment , Banking , Investment Banking
The Best Day In The Life Of An Investment Banking Analyst
2008-03-31 13:00:00 So that's a good day as an Analyst : laughing at other peoples' misfortunes, not having to do any real work, talking to the client on the phone over something they view as important, and leaving early to watch a moderately bad made-for-TV movie. More About: Life , Investment , Banking , Day In The Life
Weekly Reader Q&A: Hedging Your Bear Stearns Summer Offer, Who Really Reads
2008-03-28 21:51:00 As you said, it would definitely be a mistake to get an MBA without work experience first; it won't help you get into finance at all if you go to a lower-tier school. The Master 's program you mention will not give you a significant advantage; although it is at a good school, it's not equivalent to an MBA. More About: Summer , Recruiting , Reader , Weekly
Why Investment Bankers Make So Much Money (Minus Bear Stearns)
2008-03-26 11:04:00 Thus, investment bankers make a lot of money because they sell things for huge amounts of money while taking a generous commission and having hardly any expenses. More About: Money , Investment , Make , Bear Stearns , Stearns
Weekly Reader Q&A: Summer Internships vs. Study Abroad, Low GPAs, Going Int
2008-03-21 23:14:00 A CFA will not help you all that much - getting banking experience, even if it's a smaller bank, is definitely the way to go. If you have to, offer to work for free just so you can get the proper experience and start building relationships for a bigger and better job down the line. More About: Summer , Study , Recruiting , Reader , Internships
Bear Stearns Episode 2: The Shareholders Strike Back
2008-03-19 10:48:00 The reality is no one knows what's going on. Neither the CEOs of the companies, the Fed, nor any of the Managing Directors know what's going to happen. Will people be fired? Yes. But no one knows how many, who, or when, and anyone else saying otherwise is simply spreading false rumors. More About: Economy , Episode , Recruiting , Shareholders , Morgan
What Should I Do With My Bear Stearns Investment Banking Offer?
2008-03-17 09:00:00 So, what should you do? Perhaps start speaking with boutiques and middle-market firms where you know people. Don't even try for other bulge brackets unless you have a killer connection that can get you in at this late stage. More About: Economy , Investment , Recruiting , Banking , Bear Stearns
Weekly Reader Q&A: Nonprofit To Private Equity, The Role Of Accounting Firm
2008-03-12 13:00:00 Here we are in March and, as expected, investment banking summer internship questions continue to roll in. In addition to more guidance on how to decide between different summer internship offers, I also cover the transition from the world of nonprofits into private equity, as well as the role of accounting firms in investment banking ... More About: Reader , Private Equity , Accounting , Private , Weekly
Investment Banking Background Checks
2008-03-10 10:20:00 The general rule of thumb is this: don't lie and especially don't put any lies in writing on your resume or on the background check form. This sounds simple, but there's a lot of subtlety when you consider "gray areas" - slight GPA inflation, exaggerating previous jobs, omitting jobs, and more. More About: Investment , Recruiting , Banking , Background , Investment Banking
Why You Shouldn?t Start Your Investment Banking Job Early
2008-03-07 00:40:00 I always recommend starting at the same time as the other Investment Banking Analysts in your "class," and not just so you can spend a few months sitting on the beach and drinking Piņa Coladas. It can actually hurt you financially and in terms of work experience if you go outside the norm and start in January or February before everyone else. More About: Start , Early , Investment Banking
Investment Banking Exit Opportunities: The Myth Of The Buyside Job
2008-03-03 13:00:00 “Before I became so fervent about Private Equity , I thoroughly considered all my other career options: hedge funds and VC.” -Hicks Musings, The Leveraged Sellout One common question I’ve been getting lately goes something like this: “Inquisitor, I just started as a freshman at Harvard. I am majoring in economics and finance and I’m in the stock market ... More About: Investment , Recruiting , Banking , Opportunities
February 2008: Month In Review
2008-02-29 11:00:00 For new Mergers & Inquisitions readers, I thought it might be helpful to do a recap of February 2008 , just as I did for January 2008 and December 2007. The investment banking internship recruiting season continued in full force in February 2008, and many readers asked questions on how to decide on summer internship offers and ... More About: Recruiting , Review , Private Equity , Month
Weekly Reader Q&A: Investment Banking From Ph.D., Boutique Summer Internshi
More articles from this author:2008-02-27 11:00:00 In this week’s edition of Mergers & Inquisitions Reader Q&A, the investment banking summer internship theme continues to run strong. Offers have already been handed out at most bulge bracket banks, while middle-market and boutique banks will continue recruiting year-round. I continue to receive many questions on breaking into banking from other industries, so I ... More About: Summer , Investment , Banking , Weekly 1, 2, 3 |
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