Getting a Job in Investment Banking

Welcome to the Evisors Webinar

Visit us online at www.evisors.com

Getting a Job in Investment Bankingfeaturing

Donna Khalife

Hosted by: Career Advisors on Demand..com/webinars

http://www.evisors.com/

http://www.evisors.com/webinars/webinar/60



Getting a Job in Investment Banking

I. About DonnaII. The IndustryIII. Your RoleIV. Getting HiredV. Q&A





About Me

• J.P. Morgan, Mergers & Acquisitions (M&A) Group– Analyst and Associate: 2005-2009– Former recruiter

• Selected transactions:– Multi-billion dollar sale of The Weather Channel and

weather.com– GM/Chrysler government bailout

• Harvard, MBA in 2011• Boston University, Bachelors in Finance & Int’l

Relations• Author of “The Best Book On Investment Banking

Careers” • Career Coach and Entrepreneur











What is Investment Banking?

I-Banks connect those who need capital with those who have it and are seeking a return.

Mutual funds

Retirement funds

Hedge funds

Private equity funds

Corporations

Governments

Individuals

Corporations• Public and private

Governments

Public sector organizations• Schools• Hospitals

Multilateral institutions• World bank• IMF

Investment Bank

Users of capitalProviders of capital

StocksBonds

Cash





Investment Bank Structure

Sales & Trading

Research

M&A Advisory (mergers, acquisitions, sales)

Debt Capital Markets (bonds, syndicated loans)

Equity Capital Markets (stocks, IPO’s)

Corporate Finance

“Investment Banking” “C

hin

ese

Wall

”

Private side(serving users of capital)

Public side(serving providers of

capital)





Investment Banking:Some of the Industry’s Players

Bulge Brackets Boutiques

Check “league tables” for top banks by product, geography, volume ($), number of deals, etc.


http://www.gulfcoastpower.org/default/logojpmorgannew.jpg
















• Product group– M&A Advisory– Debt Underwriting– Equity Underwriting

• Industry group (a.k.a. “Coverage”)– Healthcare– Consumer– Retail– Media– Oil and Gas– Real estate, etc.

• Geographic region

Analyst Associate VP/ED Managing Director

3 years or MBA 3.5 years 7 years

Investment Banking:Career Trajectory





Technical• Perform financial analysis and manage models• Conduct research on industries, financial products, and

companies• Interpret economic news and advise clients accordingly

Project Management• Liaison between all internal and external deal team

members • Manage due diligence process and large volume of data

Execution• Participate in sales pitches to clients on potential strategic

moves• Execute live transactions (bond/equity issuance, merger,

acquisition, sale, etc.)– Typical projects take about 3-6 months – Work on multiple projects (about 3) at any given point– Teams of about 5 employees (internally)

Investment Banking:Your Role

Hosted by:See the rest at evisors.com/webinars/webinar/37



Investment Banking:

Pros and Cons

– Drawbacks:– Demanding lifestyle (80-100 hours/week)– Unpredictable– Stressful work environment– High expectations at an early stage in your career– No assurance of weekends or holidays

+Benefits:+ Highest learning curve of any post-undergraduate job+ Exposure to CEO/CFO’s of top Fortune 500 companies+ Stimulating and fast-paced work environment+ Exciting and high-profile projects+ Structured career path+ Young culture with strong social network+ High compensation (sign-on bonus + salary + annual

bonus)





I. About DonnaII. The Investment Banking IndustryIII. Your RoleIV. Getting HiredV. Q&A




Investment Banking:Ideal Candidate

• Top GPA and academic record

• Strong internship or work experience– Any Finance/Accounting– A business role at a Fortune 500 company– Relevant legal or consulting position

• Leadership roles in extracurricular activities

• Qualities– Analytical – Mature (can deal with C-Suite executives)– Strong communicator– Resourceful– Organized– Team player– Reliable – Flexible




Investment Banking:Common Interview Questions

• Qualitative– Tell me about yourself or “Walk me through your resume.”– Why do you want to work in investment banking?– What is the role of an analyst/associate?– Why are you interested in this firm?– Why did you choose your university? your major?– Why should we choose you?– Where do you see yourself in five years?– Identify a weakness.

• Quantitative– Valuation methodologies– Accounting for the three financial statements– Accretion/Dilution analysis– Interest rates and bonds– Describe a deal you’ve been following.




Investment Banking:Words of Wisdom

1. Networking is key– Reach out to peers, recent grads, and alumni– Start meeting with your career office frequently– Join the leadership team of your Finance Club (or start one) to organize

events and build relationships with bankers informally

2. Start early– It’s never too early to connect with people in the industry– Leverage informational interviews – Trial and error is the best way to find the right career… INTERN!

• Established study-abroad internship programs can help build your resume

3. Read the WSJ daily4. Your “story” is the most important part of your

application5. Be yourself in the interview6. Make sure banking is right for you…




Book a session!

For personalized feedback, book your session with Donna at www.evisors.com/expert/230


http://www.evisors.com/expert/230






Q&A




Questions & Answers

Question 1:

How many stages of interviews does an investment bank typically have?

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Questions & Answers

Question 2:

What does it take to differentiate your CV from others?




Questions & Answers

Question 3:

What books in addition to your own would you recommend to further understand investment banking?




Questions & Answers

Question 4:

Do MBA students who do not have finance experience have an opportunity to get into investment banking?




Questions & Answers

Question 5:

What are the essential software skills required for investment banking?




Questions & Answers

Question 6:

When would be a good time to apply into investment banking?




Questions & Answers

Question 7:

Is there such thing as part-time internships in investment banking?




Questions & Answers

Question 8:

What is the future of investment banking in terms of the job market?




Questions & Answers

Question 9:

Is it possible to train yourself to think as an investment banker?




Thanks for Joining!

*** To learn more, check out Donna’s book“The Best Book on Investment Banking Careers”

Available through Hyperlink ($7.95) or on Amazon ($9.95)


