Remove Book-building Remove DCF Analysis Remove Funds
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Equity Research vs. Investment Banking: Careers, Compensation, Exits, and AI/Automation Risk

Mergers and Inquisitions

At the junior levels , entry-level professionals in both fields spend a lot of time in Excel working on models, valuations, and documents such as equity research reports and investment banking pitch books. public markets roles ( hedge funds , asset management , etc.), and areas like corporate finance or strategy at normal companies.

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M&A Blog #16 – valuation (Discounted Cash Flow)

Francine Way

Build proforma income statement and balance sheet. The 5th step in DCF is to build the proforma income statement and balance sheet, using the proforma assumptions, forecast horizon, and the growth stage selected from the previous step. A common asset plug would be surplus fund and a common liabilities plus would be revolver.