The TRADE

OCTOBER 9, 2024

Starting his career at Absa Capital on the Africa trading desk, Willis explains that as a junior market maker he was given a book of business – Nigerian and Ugandan bonds among other things – and told to face off against seasoned asset managers and peers.

Trading 58

Trading Bulge Bracket Asset Management Banking 58

Mergers and Inquisitions

JANUARY 10, 2024

The first few years are very tough because you start from nothing – but if you build a decent book, the job gets easier since you’ll have consistent revenue from long-term clients. So, you won’t pull all-nighters to finish pitch books , and you won’t be called in over the weekend to make last-minute changes to a model.

Investment Banking 59

Investment Banking Management Banking Bank 59

Mergers and Inquisitions

MAY 8, 2024

Analyst / Associate: “OK, what do we need for the pitch books ?” As I wrote in a recent update of the bulge bracket banks article , though, these points are less true today. MD: “Hmm… well, you’re not busy right now, so let’s make it a 100-pager. Get started ASAP!”

Investment 111

Investment Investment Banking Banking Bank 111

Mergers and Inquisitions

JULY 12, 2023

They plan to target these smaller and mid-sized banks because they’re easier to reach and they have fewer resources for pitch book creation. Also, small banks depend far less on long and detailed pitch books than large banks. But this company makes a common mistake with this claim: it assumes it will capture 100% of this market.

Capital 52

Capital Valuation Boutique Banking 52

Mergers and Inquisitions

AUGUST 16, 2023

Investment Banking Experience at Bulge Bracket or Top Domestic Banks – As with PE anywhere, you need a few years of IB experience to be competitive in most cases. Working at the bulge brackets or elite boutiques is better for international funds, while IB experience at the top Chinese banks (CICC, CITIC, Huatai, Haitong, etc.)

Private Equity 94

Private Equity Equities Recruitment Funds 94

The TRADE

OCTOBER 18, 2024

This has created an ongoing opportunity for mid-tier prime brokers, particularly those with broad asset class and geographical capabilities comparable to those of the bulge bracket banks. This is an ongoing pattern that we suspect will continue for some time.”

Funds 68

Funds Broker Banking Bank 68

Mergers and Inquisitions

JUNE 5, 2024

The work might not be for you , even if you’re good at it – for example, maybe you find deals far more interesting than building a client book or managing their portfolios. The average compensation in investment banking is higher (yes, top wealth managers can earn millions per year with great hours, but we’re talking averages ).

Investment Banking 59

Investment Banking Management Banking Bank 59

Mergers and Inquisitions

APRIL 24, 2024

We’ll return to this point later, but in finance, it’s more common to do a pre-MBA internship at a small VC/PE firm or boutique bank rather than a bulge bracket bank. With the longer-term internships, you’ll help the full-timers with industry research, sourcing deals/ideas, building pitch books , or evaluating due diligence.

IT 59

IT Investment Banking Recruitment Finance 59

Mergers and Inquisitions

MAY 10, 2023

The basic difference is that the international bulge bracket banks tend to be stronger in M&A advisory and weaker in equity and debt capital markets. These banks focus on the capital markets, so you should target the bulge brackets if you want to work on M&A deals. you might be at the office until 5 AM.

Investment Banking 105

Investment Banking Banking Bank Investment 105

Mergers and Inquisitions

SEPTEMBER 11, 2024

Example Valuations, Pitch Books, Fairness Opinions, and Investor Presentations This list was extremely difficult to compile due to the lack of company-level deals in the sector, but I’ve done my best: Solar Sunergy Renewables – SPAC / IPO (Cohen and Houlihan Capital) Investor Presentation Fairness Opinion (pg.

Investment Banking 59

Investment Banking Banking Bank Investment 59