I didn't know what it was until I joined this subreddit. IB spikes my curiosity, but I can't find detailed information as to what it is or what people do. Balance sheet issues 3. The #4 strategy to get into investment banking is to master the Investment Banking technical skills. While you won’t find this book in the investment section of any bookstore, it has clearly had a great impact on the investment world and some of today’s greatest financial leaders. by Mark Franczyk 21 April 2016 Sink or swim. 3. Equity researchEquity Research OverviewEquity research professionals are responsible for producing analysis, recommendations, and reports on investment opportunities that investment banks, institutions, or their clients may be interested in. They act as intermediaries between security issuers and investors and help new firms to go public. Unfortunately universities and colleges only teach mandated books and do not provide hands on practical Investment Banking trainings and one can gain such skills by practical trainings on Investment Banking. Investment banking jobs are more than a nine to five gig, they’re a lifestyle. Through his book called Debunkery: Learn It, Do It, and Profit From it – Seeing Through Wall Street’s Money – Killing Myths, he discussed 50 widely knowns and used investment myths on investment banking. It is the best book for IB in my opinion. For the curious minds, you can learn from these M&A analysis and get a sense of how things are actually done in banking. Within an investment bank, there is a clear line between the Investment Banking Division (IBD) and other areas of the bank such as: 1. Genuinely Curious, Why Investment Banking? Press J to jump to the feed. So far I bought "Investment Banking for Dummies" by Matthew Krantz and "The Best of Investment Banking Careers" by Donna Khalife. Most investment banks have some sort of credit analysts/portfolio managers. Investment banking often requires the bank to lend out an absurd amounts of money to clients (this is often overlooked by those outside of the job - ppl just think we advise companies and don't offer anything material). Considerations for investment banking 4. Some people assume that only top tier college students get entry into the Investment Banking field. With so much on the line, everything you have can be used as an advantage, including your personality. This is Ray Ray. For investment bankers, it would take even lesser time. Myth #5: Investment banking is only for males. I notice a lot of folks in this sub wanting to break into IB, undergraduates and seasoned professionals alike. The investment banking industry has changed dramatically since the 2008 financial crisis. Thus, for example, a company will approach an investment bank when it needs to raise capital or when it needs advice in negotiating and structuring an acquisition of another company. New M&A accounting rules Investment banking is a specific division of banking related to the creation of capital for other companies, governments, and other entities. (shelved 1 time as investment-banking) avg rating 4.21 — 17,569 ratings — published 2003 Want to Read saving… I'm an Investment Banker working in the Leveraged Finance department in a bulge-bracket investment bank on Wall Street. Accounting framework 2. Additional Resources. A comprehensive overview of investment banking for professionals and students. getting into investment banking is easy - as long as you are still a junior in college and are a serious student. Truth: this cannot be regarded as a complete myth as Investment banking has been male-dominated. Pinterest. ... help Reddit App Reddit coins Reddit premium Reddit gifts. Income statement issues 4. In fact, when we did a similar experiment that looked at the recommended reading lists of 100 famous CEOs and entrepreneurs , Influence came in at #1. Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions. Public Finance Investment Banking (Originally Posted: 08/07/2010) Hi. It is the best book for IB in my opinion. The book is an outgrowth of the writer's personal experience as an investment banker. The accounting section of CFI’s investment banking book includes: Accounting and analysis fundamentals 1. Some people assume that only top tier college students get entry into the Investment Banking field. Despite the name The Recruiting Guide To Investment Banking is actually much better as a guide to accounting/valuation basics. Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions by Joshua Rosenbaum. Investment Banking: Institutions, Politics & Law, by Alan Morrison. Any advice would help me exponentially. If you identify yourself as a baby Charlie Munger or perhaps a future Harvard professor of investment banking, then this book is for you. List of Top 12 Investment Banking Books. Goodreads – 4.3 stars Amazon – 4.8 stars. CFI is the official global provider of the Financial Modeling & Valuation Analyst (FMVA)® certification FMVA® Certification Join 350,600+ students who work for companies like Amazon, J.P. Morgan, and Ferrari for aspiring investment banking professionals. This is probably the best book to learn the technical aspect of investment banking. I can’t help but think IB is put on some pedestal in the Finance world, especially r/FinancialCareers . Reddit. It takes a look at the evolution of banking over the past 300 years. The author uses “investment science” and “investment art” to look at the stock market from a variety of angles and addresses the investing perspectives of a broad range of investors. my subreddits. 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