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One answer kept coming back to me, but it starts with a simple question: is public finance in their blood? It’s the motivation I sense when they discuss their next position and public finance overall. If public finance is not in your blood, then look elsewhere. It’s public finance that you have staked your livelihood on.
Hopefully, today’s blog can reassure candidates who are waiting for some action from the hiring managers. There seems to be a common pattern among public finance firms, whether they be investment banks, regional banks, boutiques, or large and small law firms. Public finance firms do want to hire; there are no hiring freezes out there.
Why not explore the topic more thoroughly and what it really means to the public finance industry in general? Public finance is a much-needed industry and while the bankers and firms will change over time, the industry is here to stay.” In The Public Finance Industry, There ARE Opportunities! What’s the topic exactly?
However, something in the world of public finance changed. Then that changed, and I am pleased to announce that even though the perception is that firms are not hiring in public finance – that is not the case. Expansion On The Horizon But is that all for our public finance industry on this topic? Especially bond counsels.
“I Know Everyone” I want to explore the reason for hiring a reliable recruiter in a very specific, niche field like public finance. Because as I started this blog… you probably do know everyone. Harlan publishes a blog every Thursday here. And it’s not what you think the reason is. It’s to manage the entire process.
On this very last valuation blog post, I'd like to walk us through a presentation I made back in April 2017 as a part of my master in finance fellowship Capstone presentation. The sound quality is much better this way.
Now to our regularly scheduled blog about our cottage-size industry. When I started, I knew absolutely nothing; and today I am full of knowledge and continually on my quest for even more about this great, cottage-size industry and public finance in particular. Harlan publishes a blog every Thursday here. Friedman Search LLC.
You would think a blanket statement like the “graying of public finance” would be a negative statement. And no matter how old you are, it’s a positive statement for the field of public finance. The Field Of Public Finance Is Just Not “Sexy” Enough…Or Is It? What does this portend for our industry?
The SEC announced that its Division of Corporation Finance is further facilitating capital formation by enhancing the accommodations available to companies for nonpublic review of draft registration statements. By: Stinson - Corporate & Securities Law Blog
At this stage, the buyers typically look to develop their financing in dialog with their investment and commercial bankers. The existence of financing enhances an offer, showing to the seller that the buyer has a credible bid. We have discussed the sell-side of an M&A transaction in the last two blog posts.
Thus far in the last 10 blog posts, we have discussed what M&A is, its success metrics, types of acquirers and value creations, capital structure, debt, and equity. In Blog #02 of the M&A series, we discussed SWOT analysis. Consultants’ valuation, deal-structuring, and deal-financing expertise.
Access to credible sources of information such as SEC EDGAR database , Treasury.gov , OECD GDP Forecast , Mergent Online, S&P Capital IQ, Hoovers, ValueLine, Yahoo Finance , MarketWatch , and Damodaran Online. Target’s current stock price: Can be obtained from sources such as Yahoo Finance.
For those of us who have borrowed money based on collateral, this blog post will feel familiar. Thus far, we have discussed many aspects around capital structure and debt financing, including how debt levels are determined by a company’s cash flows, enterprise value, and asset values. The concept can be extended to M&A.
As the era of exclusive video interviews gradually fades and finance professionals return to the office, the significance of mastering body language during in-person interviews cannot be underestimated. In the realm of finance, where long days collaborating with colleagues are the norm, personality and fit hold immense weight.
But amid the nostalgic buzz, I found myself thinking about how time is increasingly on the side of the hiring firms and not the candidates – especially with the current finance hiring trend. This is what I want to explore in today’s blog. The Effect On A Candidate What does this emerging finance hiring trend mean for candidates?
The first six months of this year, to say the least, have been very interesting for hiring in Public Finance. These are only a few of the main disruptions that have affected the Public Finance arena. So why the title Fear of the Unknown for this blog? Harlan publishes a blog every Thursday here. Friedman Search LLC.
The resulting Percentage Accretion / Dilution will be lower because of the new shares that have to be issued to finance the transaction. The model will automatically recalculate using an all-stock acquisition structure. The accretion / dilution analysis is a common exercise for most public acquirers.
We were discussing the hiring needs in the bond counsel/public finance legal arena. There is a definite need for bond counsels across the nation as the silver tsunami of the senior fellows is quite telling (as told to me by the Head of Public Finance the other morning). Harlan publishes a blog every Thursday here.
I have referred to the graying of public finance bankers and bond counsel over the years and have actually moved professionals in their sixties to new firms. Because I can say overwhelmingly that the candidates I am fortunate enough to work with daily love public finance. Harlan publishes a blog every Thursday here.
Well, that’s what many people think regarding the world of public finance; however, I am here to share that this is not the case. Let’s discuss the impact for our professionals like good public finance bankers, bond counsels, etc. Good public finance bankers are always in demand. This is a trend we have seen in the past.
It has been roughly three years since my last blog post at the completion of my fellowship. To pick up where we last left off with valuation, I will cover the topic of a Merger Relative Valuation in this blog post and move on to other non-valuation topics from here. Time certainly did fly by when one was having fun.
When I start writing most blogs I can understand a trend that I am seeing. These calls are from senior professionals in the industry of public finance. I can only think that they miss the lifestyle of the public finance banker or bond counsel. They miss the ability to shape the course of public finance projects.
As you likely know, last week a major bank came out and said they are seriously looking at their current stand on their role in the field of public finance. This comes on the heels of another major investment bank announcing they are out of negotiated public finance but will remain a strong buyer of bonds in the competitive field.
In a few words: they are to provide intel on the field, players in the market, and the general feel of the marketplace as it directly relates to public finance. Harlan publishes a blog every Thursday here. Subscribe to our monthly newsletter here , which is a compilation of our weekly blogs, so you never miss one.
A long time ago I wrote a blog post about rehypothecation with brokers. The reason to broker-dealer must be able to repledge is that it needs to finance the loans to you – and to reduce the cost of that financing it needs to offer collateral. It is - unsurprisingly - relevant again. There is one word for this.
A lot of young finance professionals are overwhelmed by the number of options they have when it comes to learning materials. Corporate Finance Institute (CFI): Now, at first glance, the Corporate Finance Institute article has a bit more substance compared to the aforementioned free Wall Street Oasis guide.
Once we have the Implied Equity Purchase Price, we can build the Uses table by factoring in the pay down of existing debt and various transaction fees (financing, investment banking, legal, and other fees) related to the proposed transaction as follow: Total Uses = Implied Equity Purchase Price + Paydown of Debt + Fees.
In this week’s blog, I will be a bit off base from the instructional content that I try to share every week. We work with the top professionals in the area of public finance professionals in helping them make career transitions and decisions nationwide. Next week, we will resume our regular content blog. Friedman Search LLC.
Note: Although this blog may be a bit more self-serving, I’d implore you to read this and think about what working with a recruiter who knows your industry inside and out for over thirty years can mean for your individual situation. Harlan publishes a blog every Thursday here. Firms want to capitalize on this deal flow.
Strategy, due diligence, financing, purchase price, and buyer-seller alignment all revolve around valuation and the enterprise value for the buyer and the seller. It drives prices, ROI, and financing. Parties seeking to buy / sell a house typically hire an appraiser to value the property. It is no different in M&A.
In fact these are the areas where finance and statistics intersect. To properly perform these analyses, knowledge of statistical concepts and techniques are needed.
Sometimes an old GFOA or conference directories that I find online can be of assistance to other public finance professionals. The real reason for the blog today is to let you know if you want to be found you have to provide more information, especially if you have been displaced or are looking to have conversations with new firms.
That debt should be used prudently, taking into account future financial shocks that require financing flexibility. Similarly, a good M&A program has to take into account how each transaction and the overall program should be financed. In conclusion, a good M&A program takes into account how it should be financed.
We’ve talked about complacency in previous blogs, and that is not where I am going with this one. This is especially true now that the two largest firms have exited the public finance space. Harlan publishes a blog every Thursday here. Why the reluctance to really state that they are unhappy? But is happiness enough?
From the blog writer to the medical profession, AI is being utilized. Most blogs written now are being written completely or at least assisted in one way or another with Chat GPT. They should be able to write a blog without any additional assistance. For those of you wondering: None of my blogs utilize AI or Chat GPT.
This is the third blog in our three-part series about Cisco Foundation partner organizations working in the Amazon and South America region. You can read the other two, and more Climate Impact & … Read more on Cisco Blogs
As I got to sit down and write this week’s blog, I could not stop thinking, “It’s been a while since I wrote a blog that is directly written to the hiring manager.” Harlan publishes a blog every Thursday here. Subscribe to our monthly newsletter here , which is a compilation of our weekly blogs, so you never miss one.
Across all channels within our industry in public finance, from bankers to bond counsels, a delay is a common occurrence. Harlan publishes a blog every Thursday here. Subscribe to our monthly newsletter here , which is a compilation of our weekly blogs, so you never miss one. How Much Of A Delay Are We Talking…?
What does this have to do with today’s blog? Harlan publishes a blog every Thursday here. Subscribe to our monthly newsletter here , which is a compilation of our weekly blogs, so you never miss one. We have also been mentioned in Forbes, click HERE to read for yourself. About Harlan Friedman, JD & Founding Member, H.
As I sat down to write this week’s blog, I was reflecting on where all of my contacts and leads came from the previous week. Conversations Lead To Opportunities…With An Opportunistic Recruiter As I presented numerous times in the blogs over the months, my approach is clearly opportunistic. There was no trend immediately seen.
What Candidates And Clients Should Consider… I trust everyone had a fun and safe 4th of July – now onto today’s blog! In today’s blog, I am going to look at the areas that over the last twelve years seem to be the most significant for both candidates and clients to determine if a move should be suggested and accepted.
There is always a need for qualified candidates who can provide excellent service and revenue generation in the case of public finance professionals or expense protect. Harlan publishes a blog every Thursday here. Subscribe to our monthly newsletter here , which is a compilation of our weekly blogs, so you never miss one.
The purpose and the only purpose of these blogs is to educate my faithful readers. From their perspective, they may think they are unique, but from a recruiter’s perspective (or your hiring managers) who talks to hundreds of public finance professionals yearly, the story is not. Harlan publishes a blog every Thursday here.
However, what I want to explore in today’s blog is the mental preparation for a Zoom-type call. It was because 95% of all the business that was ever won in either bond counsel work or public finance work was initiated over the phone. Today’s blog may have been a bit controversial, but the purpose of these blogs is to raise awareness.
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