Investment Banking Download Ebook PDF Epub Online

Author : Matthew Krantz
Robert R. Johnson
Publisher : John Wiley & Sons
Release : 2014-02-10
Page : 384
Category : Business & Economics
ISBN 13 : 1118615778
Description :


Enrich your career with a review of investment banking basics One of the most lucrative fields in business, investment banking frequently perplexes even banking professionals working within its complex laws. Investment Banking For Dummies remedies common misconceptions with a straightforward assessment of banking fundamentals. Written by experts in stock market proceedings, this book runs parallel to an introductory course in investment banking. It clearly outlines strategies for risk management, key investment banking operations, the latest information on competition and government regulations, and relationships between leveraged buyout funds, hedge funds, and corporate and institutional clients. With this reference, you can ace investment banking courses and grasp the radical changes that have revamped the stock market since the financial crisis. Thoroughly addresses the dramatic financial changes that have occurred in recent years Outlines expectations to prepare you for the future Teaches the practical aspects of finance and investment banking, how to value a company, and how to construct a financial model No serious business student or banking professional should be without the basic knowledge of issuing bonds, stocks, and other financial products outlined in this excellent resource.


Author : Joshua Pearl
Joshua Rosenbaum
Publisher : John Wiley & Sons
Release : 2013-05-29
Page : 512
Category : Business & Economics
ISBN 13 : 1118727762
Description :


Investment Banking, UNIVERSITY EDITION is a highlyaccessible and authoritative book written by investment bankersthat explains how to perform the valuation work at the core of thefinancial world. This body of work builds on Rosenbaum andPearl’s combined 30+ years of experience on a multitude oftransactions, as well as input received from numerous investmentbankers, investment professionals at private equity firms and hedgefunds, attorneys, corporate executives, peer authors, anduniversity professors. This book fills a noticeable gap in contemporary financeliterature, which tends to focus on theory rather than practicalapplication. It focuses on the primary valuation methodologiescurrently used on Wall Street—comparable companies, precedenttransactions, DCF, and LBO analysis—as well as M&Aanalysis. The ability to perform these methodologies is especiallycritical for those students aspiring to gain full-time positions atinvestment banks, private equity firms, or hedge funds. This is thebook Rosenbaum and Pearl wish had existed when we were trying tobreak into Wall Street. Written to reflect today’s dynamic market conditions,Investment Banking, UNIVERSITY EDITIONskillfully: Introduces students to the primary valuation methodologiescurrently used on Wall Street Uses a step-by-step how-to approach for each methodology andbuilds a chronological knowledge base Defines key terms, financial concepts, and processesthroughout Provides a comprehensive overview of the fundamentals of LBOsand an organized M&A sale process Presents new coverage of M&A buy-side analyticaltools—which includes both qualitative aspects, such as buyermotivations and strategies, along with technical financial andvaluation assessment tools Includes a comprehensive merger consequences analysis,including accretion/(dilution) and balance sheet effects Contains challenging end-of-chapter questions to reinforceconcepts covered A perfect guide for those seeking to learn the fundamentals ofvaluation, M&A , and corporate finance used in investmentbanking and professional investing, this UNIVERSITYEDITION—which includes an instructor’scompanion site—is an essential asset. It provides studentswith an invaluable education as well as a much-needed edge forgaining entry to the ultra-competitive world of professionalfinance.


Author : Joshua Pearl
Joshua Rosenbaum
Publisher : John Wiley & Sons
Release : 2013-05-28
Page : 496
Category : Business & Economics
ISBN 13 : 1118472209
Description :


Investment Banking, UNIVERSITY EDITION is a highly accessible and authoritative book written by investment bankers that explains how to perform the valuation work at the core of the financial world. This body of work builds on Rosenbaum and Pearl’s combined 30+ years of experience on a multitude of transactions, as well as input received from numerous investment bankers, investment professionals at private equity firms and hedge funds, attorneys, corporate executives, peer authors, and university professors. This book fills a noticeable gap in contemporary finance literature, which tends to focus on theory rather than practical application. It focuses on the primary valuation methodologies currently used on Wall Street—comparable companies, precedent transactions, DCF, and LBO analysis—as well as M&A analysis. The ability to perform these methodologies is especially critical for those students aspiring to gain full-time positions at investment banks, private equity firms, or hedge funds. This is the book Rosenbaum and Pearl wish had existed when we were trying to break into Wall Street. Written to reflect today’s dynamic market conditions, Investment Banking, UNIVERSITY EDITION skillfully: Introduces students to the primary valuation methodologies currently used on Wall Street Uses a step-by-step how-to approach for each methodology and builds a chronological knowledge base Defines key terms, financial concepts, and processes throughout Provides a comprehensive overview of the fundamentals of LBOs and an organized M&A sale process Presents new coverage of M&A buy-side analytical tools—which includes both qualitative aspects, such as buyer motivations and strategies, along with technical financial and valuation assessment tools Includes a comprehensive merger consequences analysis, including accretion/(dilution) and balance sheet effects Contains challenging end-of-chapter questions to reinforce concepts covered A perfect guide for those seeking to learn the fundamentals of valuation, M&A , and corporate finance used in investment banking and professional investing, this UNIVERSITY EDITION—which includes an instructor’s companion site—is an essential asset. It provides students with an invaluable education as well as a much-needed edge for gaining entry to the ultra-competitive world of professional finance.


Author : Giuliano Iannotta
Publisher : Springer Science & Business Media
Release : 2010-01-12
Page : 193
Category : Business & Economics
ISBN 13 : 9783540937654
Description :


From a historical point of view, the main activity of investment banks is what today we call security underwriting. Investment banks buy securities, such as bonds and stocks, from an issuer and then sell them to the ?nal investors. In the eighteenth century, the main securities were bonds issued by governments. The way these bonds were priced and placed is extraordinarily similar to the system that inve- ment banks still use nowadays. When a government wanted to issue new bonds, it negotiated with a few prominent “middlemen” (today we would call them investment bankers). The middlemen agreed to take a fraction of the bonds: they accepted to do so only after having canvassed a list of people they could rely upon. The people on the list were the ?nal investors. The middlemen negotiated with the government even after the issuance. Indeed, in those days governments often changed unilaterally the bond conditions and being on the list of an important middleman could make the difference. On the other hand, middlemen with larger lists were considered to be in a better bargaining position. This game was repeated over time, and hence, reputation mattered. For the middlemen, being trusted by both the investors on the list and by the issuing governments was crucial.


Author : Matthew Krantz
Robert R. Johnson
Publisher : John Wiley & Sons
Release : 2020-07-14
Page : 400
Category : Business & Economics
ISBN 13 : 1119748720
Description :


Get started in investment banking Ace your investment bank course Navigate bull and bear markets Excel in the world of investment banking One of the most lucrative fields in business, investment banking frequently perplexes even banking professionals working within its complex laws. Investment Banking For Dummies remedies common misconceptions with a straightforward assessment of banking fundamentals. This book tracks to typical university courses on the subject and helps students and professionals understand the fundamentals of investment banking. With new and updated content, this edition addresses the major financial changes that have occurred in recent years. Inside... Key investment banking operations Strategies for risk management Advice on cryptocurrencies Updated IPO coverage Discounted cash flow analysis Mergers and acquisitions Structuring a leveraged buyout Resources for investment bankers


Author : Joshua Pearl
Joshua Rosenbaum
Publisher : John Wiley & Sons
Release : 2013-05-29
Page : 512
Category : Business & Economics
ISBN 13 : 1118715861
Description :


Investment Banking, UNIVERSITY EDITION is a highlyaccessible and authoritative book written by investment bankersthat explains how to perform the valuation work at the core of thefinancial world. This body of work builds on Rosenbaum andPearl’s combined 30+ years of experience on a multitude oftransactions, as well as input received from numerous investmentbankers, investment professionals at private equity firms and hedgefunds, attorneys, corporate executives, peer authors, anduniversity professors. This book fills a noticeable gap in contemporary financeliterature, which tends to focus on theory rather than practicalapplication. It focuses on the primary valuation methodologiescurrently used on Wall Street—comparable companies, precedenttransactions, DCF, and LBO analysis—as well as M&Aanalysis. The ability to perform these methodologies is especiallycritical for those students aspiring to gain full-time positions atinvestment banks, private equity firms, or hedge funds. This is thebook Rosenbaum and Pearl wish had existed when we were trying tobreak into Wall Street. Written to reflect today’s dynamic market conditions,Investment Banking, UNIVERSITY EDITIONskillfully: Introduces students to the primary valuation methodologiescurrently used on Wall Street Uses a step-by-step how-to approach for each methodology andbuilds a chronological knowledge base Defines key terms, financial concepts, and processesthroughout Provides a comprehensive overview of the fundamentals of LBOsand an organized M&A sale process Presents new coverage of M&A buy-side analyticaltools—which includes both qualitative aspects, such as buyermotivations and strategies, along with technical financial andvaluation assessment tools Includes a comprehensive merger consequences analysis,including accretion/(dilution) and balance sheet effects Contains challenging end-of-chapter questions to reinforceconcepts covered A perfect guide for those seeking to learn the fundamentals ofvaluation, M&A , and corporate finance used in investmentbanking and professional investing, this UNIVERSITYEDITION—which includes an instructor’scompanion site—is an essential asset. It provides studentswith an invaluable education as well as a much-needed edge forgaining entry to the ultra-competitive world of professionalfinance.


Author : Varun Bhartia
Raamin Mostaghimi
Publisher : Very Young Professionals
Release : 2018-12
Page : 32
Category : Juvenile Nonfiction
ISBN 13 : 9781732521759
Description :


Set your baby on the path to investment banking - because that year-end bonus isn't going to earn itself Follow Managing Director Monkey, Analyst Armadillo, Associate Alligator, and the rest of the gang as they learn the ins and outs of investment banking in the boardroom. Written by a former investment banker (and some guys who like making fun of him), The ABCs of Investment Banking is a fun and simple introduction to the fast-paced world of finance. Babies and adults alike will learn about the nuances of 10-Ks, the importance of pitch books, and even read about valuation models


Author : Andrew Gutmann
Publisher : John Wiley & Sons
Release : 2013-03-26
Page : 448
Category : Business & Economics
ISBN 13 : 1118494369
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.


Author : Michel Fleuriet
Publisher : McGraw Hill Professional
Release : 2008-07-20
Page : 352
Category : Business & Economics
ISBN 13 : 0071642889
Description :


Insider guidance to the modern world of investment banking today In Investment Banking Explained, Wharton professor and global financier Michel Fleuriet provides a complete overview of investment banking in its modern form; defines key terms; identifies structures, strategies, and operational aspects; and analyzes the strategy in each of the main functional areas of an investment bank.


Author : Brian Scott-Quinn
Publisher : Palgrave Macmillan
Release : 2012-07-31
Page : 469
Category : Business & Economics
ISBN 13 : 0230370470
Description :


Written by a former practitioner, this book fills a clear gap in the current literature for a practice-focused text that brings together the organizational structure, economics and governance of the finance industry – investment banking, wholesale banking and asset management - with the functions it performs such as mergers and acquisitions, IPOs, private equity, hedge funds, high frequency trading and the structuring of cash and synthetic ETFs and CDOs. It integrates the credit and capital markets by considering securitization as a "conversion" process between the two markets and money market mutual funds as a capital market alternative to bank deposits offered in the credit market. It analyzes the societal value of the industry as well as market and regulatory failure leading to crisis and hence the need for more appropriate governance structures and disciplining and control mechanisms for both banks and sovereign groupings such as the eurozone.


Author : Joshua Rosenbaum
Joshua Pearl
Publisher : John Wiley & Sons
Release : 2020-04-07
Page : 512
Category : Business & Economics
ISBN 13 : 1119706181
Description :


A timely update to the global best-selling book on investment banking and valuation In the constantly evolving world of finance, a solid technical foundation is an essential tool for success. Due to the fast-paced nature of this world, however, no one was able to take the time to properly codify its lifeblood—namely, valuation and dealmaking. Rosenbaum and Pearl originally responded to this need in 2009 by writing the first edition of the book that they wish had existed when they were trying to break into Wall Street. Investment Banking: Valuation, LBOs, M&A, and IPOs, Third Edition is a highly accessible and authoritative book written by investment bankers that explains how to perform the valuation work and financial analysis at the core of Wall Street—comparable companies, precedent transactions, DCF, LBO, M&A analysis . . . and now IPO analytics and valuation. Using a step-by-step, how-to approach for each methodology, the authors build a chronological knowledge base and define key terms, financial concepts, and processes throughout the book. The genesis for the original book stemmed from the authors' personal experiences as students interviewing for investment banking positions. As they both independently went through the rigorous process, they realized that their classroom experiences were a step removed from how valuation and financial analysis were performed in real-world situations. Consequently, they created this book to provide a leg up to those individuals seeking or beginning careers on Wall Street—from students at undergraduate universities and graduate schools to "career changers" looking to break into finance. Now, over 10 years after the release of the first edition, the book is more relevant and topical than ever. It is used in over 200 universities globally and has become a go-to resource for investment banks, private equity, investment firms, and corporations undertaking M&A transactions, LBOs, IPOs, restructurings, and investment decisions. As the world of finance adjusts to the new normal of the post-Great Recession era, it merits revisiting the pillars of the second edition for today's environment. While the fundamentals haven't changed, the environment must adapt to changing market developments and conditions. As a result, Rosenbaum and Pearl have updated their widely adopted book accordingly, while adding two new chapters on IPOs.


Author : Eric Michaels
Publisher : Lulu Press, Inc
Release : 2020-02-13
Page :
Category : Business & Economics
ISBN 13 : 1678140724
Description :


Ground Breaking Secrets That You’ll Want To Know Investment banking is the division of a bank or financial institution that serves governments, corporations, and institutions by providing underwriting (capital raising) and mergers and acquisitions (M&A) advisory services. Investment banks act as intermediaries between investors (who have money to invest) and corporations (who require capital to grow and run their businesses). In this guide you'll discover: -What Is Investment Banking -Global Investment Banking Secrets -How Investment Banking Can Help You -What They Don't Want You To Know About Corporate Investment Banking -Much More


Author : J. Peter Williamson
Publisher : John Wiley & Sons
Release : 1988-03-16
Page : 592
Category : Business & Economics
ISBN 13 : 9780471815624
Description :


This edited volume offers thorough coverage of the business of investment banking, including much inside information based on the extensive professional experience of the contributors. Comprising 32 chapters, covering every facet of investment banking, from its historical origins in the U.S. to the current high-dollar activity in mergers and acquisitions. Contributors are noted businessmen and academics from the U.S., Canada, Europe, and Japan. Chapters fall into eight sections: investment banking today, raising capital, transactional activities, specialized financial instruments, tax-exempt financing, broker activities, commercial banks and investment banking, and investment banking outside the United States. Raising capital is traditionally what investment banking is all about, and the Handbook explains who does it and how it's done.


Author : Alan D. Morrison
Wilhelm Jr.
Publisher : OUP Oxford
Release : 2008-09-11
Page : 362
Category : Business & Economics
ISBN 13 : 0191647845
Description :


Investment Banking: Institutions, Politics, and Law provides an economic rationale for the dominant role of investment banks in the capital markets, and uses it to explain both the historical evolution of the investment banking industry and also recent changes to its organization. Although investment decisions rely upon price-relevant information, it is impossible to establish property rights over it and hence is very hard to coordinate its exchange. The authors argue that investment banks help to resolve this problem by managing "information marketplaces," within which extra-legal institutions support the production and dissemination of information that is important to investors. Reputations and relationships are more important in fulfilling this role than financial capital. The authors substantiate their theory with reference to the industry's evolution during the last three centuries. They show how investment banking networks were formed, and identify the informal contracts that they supported. This historical development points to tensions between the relational contracting of investment banks and the regulatory impulses of the State, thus providing some explanation for the periodic large-scale State intervention in the operation of capital markets. Their theory also provides a technological explanation for the massive restructuring of the capital markets in recent decades, which the authors argue can be used to think about the likely future direction of the investment banking industry.


Author : Paul Pignataro
Publisher : John Wiley & Sons
Release : 2013-07-10
Page : 432
Category : Business & Economics
ISBN 13 : 1118558766
Description :


Written by the Founder and CEO of the prestigious New York School of Finance, this book schools you in the fundamental tools for accurately assessing the soundness of a stock investment. Built around a full-length case study of Wal-Mart, it shows you how to perform an in-depth analysis of that company's financial standing, walking you through all the steps of developing a sophisticated financial model as done by professional Wall Street analysts. You will construct a full scale financial model and valuation step-by-step as you page through the book. When we ran this analysis in January of 2012, we estimated the stock was undervalued. Since the first run of the analysis, the stock has increased 35 percent. Re-evaluating Wal-Mart 9months later, we will step through the techniques utilized by Wall Street analysts to build models on and properly value business entities. Step-by-step financial modeling - taught using downloadable Wall Street models, you will construct the model step by step as you page through the book. Hot keys and explicit Excel instructions aid even the novice excel modeler. Model built complete with Income Statement, Cash Flow Statement, Balance Sheet, Balance Sheet Balancing Techniques, Depreciation Schedule (complete with accelerating depreciation and deferring taxes), working capital schedule, debt schedule, handling circular references, and automatic debt pay downs. Illustrative concepts including detailing model flows help aid in conceptual understanding. Concepts are reiterated and honed, perfect for a novice yet detailed enough for a professional. Model built direct from Wal-Mart public filings, searching through notes, performing research, and illustrating techniques to formulate projections. Includes in-depth coverage of valuation techniques commonly used by Wall Street professionals. Illustrative comparable company analyses - built the right way, direct from historical financials, calculating LTM (Last Twelve Month) data, calendarization, and properly smoothing EBITDA and Net Income. Precedent transactions analysis - detailing how to extract proper metrics from relevant proxy statements Discounted cash flow analysis - simplifying and illustrating how a DCF is utilized, how unlevered free cash flow is derived, and the meaning of weighted average cost of capital (WACC) Step-by-step we will come up with a valuation on Wal-Mart Chapter end questions, practice models, additional case studies and common interview questions (found in the companion website) help solidify the techniques honed in the book; ideal for universities or business students looking to break into the investment banking field.


Author : Jonathan A. Knee
Publisher : Oxford University Press
Release : 2006-08-15
Page : 288
Category : Business & Economics
ISBN 13 : 9780198042051
Description :


Jonathan A. Knee had a ringside seat during the go-go, boom-and-bust decade and into the 21st century, at the two most prestigious investment banks on Wall Street--Goldman Sachs and Morgan Stanley. In this candid and irreverent insider's account of an industry in free fall, Knee captures an exhilarating era of fabulous deal-making in a free-wheeling Internet economy--and the catastrophe that followed when the bubble burst. Populated with power players, back stabbers, celebrity bankers, and godzillionaires, here is a vivid account of the dramatic upheaval that took place in investment banking. Indeed, Knee entered an industry that was typified by the motto "first-class business in a first-class way" and saw it transformed in a decade to a free-for-all typified by the acronym IBG, YBG ("I'll be gone, you'll be gone"). Increasingly mercenary bankers signed off on weak deals, knowing they would leave them in the rear-view mirror. Once, investment bankers prospered largely on their success in serving the client, preserving the firm, and protecting the public interest. Now, in the "financial supermarket" era, bankers felt not only that each day might be their last, but that their worth was tied exclusively to how much revenue they generated for the firm on that day--regardless of the source. Today, most young executives feel no loyalty to their firms, and among their clients, Knee finds an unprecedented but understandable level of cynicism and distrust of investment banks. Brimming with insight into what investment bankers actually do, and told with biting humor and unflinching honesty, The Accidental Investment Banker offers a fascinating glimpse behind the scenes of the most powerful companies on Wall Street.


Author : K. Thomas Liaw
Publisher : John Wiley & Sons
Release : 2007-09-10
Page : 576
Category : Business & Economics
ISBN 13 : 9780470173831
Description :


Praise for Investment Banking & Investment Opportunities in China "I first met Tom Liaw when my company was exploring potential opportunities in Taiwan. He clearly knew the market and proved invaluable in explaining the financial landscape and in arranging meetings with potential clients, other market participants, and senior government officials. Investment Banking and Investment Opportunities in China should prove equally valuable as we now look to further expand our activities to mainland China." -Douglas Reinfeld-Miller, EVP, Ambac Assurance, and Chairman/CEO, Ambac Assurance UK Ltd "There is no more important market than China today. Dr. Liaw's book provides an overview of the current situation and recommendations as to how investors can profit from China's amazing growth." -Donald Tang, Chairman, Bear, Stearns Asia Ltd, and Vice Chairman, Bear, Stearns & Co., Inc. "Professor Liaw's book takes you on a quick walk through the major milestones in China's economic development over the past two decades. It shows a clear understanding of the environment for doing business in China and explains hot topics in the marketplace. This book is simple, easy to read, and yet highly informative." -Jesse Wang, Vice Chairman, China Central SAFE Investments Ltd, and Chairman, China International Capital Corporation Ltd "Provides a clear map of China's financial system, investment banking business, and investment opportunities. It should be read by all who are interested in China." -Mao-Wei Hung, Dean, College of Management, National Taiwan University "Dr. Liaw's book is a comprehensive professional reference work for those of us involved in the global investment arena. I highly recommend it." -Charles P. Menges, Jr., CFA, Principal, Business Global Wealth Management, a Unit of Alliance Bernstein LP "China's development has a unique track, including the financial market. People who want to profit from China should have a clear view of this market. Dr. Liaw's book, explaining China's market opening and foreign participation, is the one necessary for them to read." -Wei Xing, Director of Rules and Regulations, China Insurance Regulatory Commission


Author : John N. Reynolds
Edmund Newell
Publisher : Springer
Release : 2011-09-28
Page : 178
Category : Business & Economics
ISBN 13 : 0230348858
Description :


The financial crisis focused unprecedented attention on ethics in investment banking. This book develops an ethical framework to assess and manage investment banking ethics and provides a guide to high profile concerns as well as day to day ethical challenges.


Author : Kenneth H. Marks
Robert T. Slee
Publisher : John Wiley & Sons
Release : 2012-01-10
Page : 400
Category : Business & Economics
ISBN 13 : 111819862X
Description :


In-depth coverage in a single handbook of the middle market based on the body of knowledge of the Certified M&A Advisor credential program M&A advisors have an unprecedented opportunity in the middle market with the generational transfer of wealth and capital being deployed by private equity and corporate investors. Middle Market M&A: Handbook for Investment Banking and Business Consulting is a must-read for investment bankers, M&A intermediaries and specialists, CPAs and accountants, valuation experts, deal and transaction attorneys, wealth managers and investors, corporate development leaders, consultants and advisors, CEOs, and CFOs. Provides a holistic overview and guide on mergers, acquisitions, divestitures and strategic transactions of companies with revenues from $5 million to $500 million Encompasses current market trends, activities, and strategies covering pre, during, and post transaction Addresses the processes and core subject areas required to successfully navigate and close deals in the private capital market Includes content on engagement and practice management for those involved in the M&A business This practical guide and reference is also an excellent primer for those seeking to obtain their FINRA Series 79 license.


Author : Joshua Rosenbaum
Joshua Pearl
Publisher : John Wiley & Sons
Release : 2021-03-16
Page : 320
Category : Business & Economics
ISBN 13 : 1119776791
Description :


"This workbook is designed for use both as a companion to our book, Investment Banking: Valuation, LBOs, M&A, and IPOs, Third Edition, as well as on a standalone basis. Investment Banking focuses on the primary valuation methodologies currently used on Wall Street-namely, comparable companies analysis, precedent transactions analysis, discounted cash flow (DCF) analysis, leveraged buyout (LBO) analysis, mergers & acquisitions (M&A) analysis, and initial public offering (IPO) valuation from both a sell-side and buy-side perspective. Our workbook seeks to help solidify knowledge of these core financial topics as true mastery must be tested, honed, and retested over time. We envision the workbook being used as a self-help tool for students, job seekers, and existing finance professionals, as well as in formal classroom and training settings"--