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Why Investment Banking? How to Answer the Most Boring But Persistent Interview Question of All Time

Mergers and Inquisitions

a summer internship that converts into a full-time offer vs. a boutique internship in your 1 st or 2 nd year of university). These 1 – 2 “steppingstone internships” could be at any firm, but many students do them at boutique investment banks or small/startup private equity or venture capital firms.

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Distressed Debt Hedge Funds: How to Become a Vulture Capitalist

Mergers and Inquisitions

Distressed Debt Hedge Funds Definition: Distressed debt hedge funds buy and sell debt that is trading at a steep discount to face value, such as 40%+, and make money by betting on changes in the price of this debt or using it to gain influence in a restructuring or bankruptcy process.

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Investment Banking Spring Weeks: The Full Guide

Mergers and Inquisitions

run them, but so do many elite boutiques (Lazard, Evercore, PJT, etc.), Outside of IB, various asset managers, hedge funds, consulting firms, and trading firms also run some type of spring week program, but we’re focusing on banking here. The rates trading article has some tips for S&T assessment centers and interviews.

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UBS and Credit Suisse: The Next Shoe to Drop in the Financial Crisis of 2023?

Mergers and Inquisitions

per share when it was trading above $8.00 Before this deal, I had expected that “CS First Boston” would become another elite boutique and a strong competitor to the likes of Evercore, Lazard, and Moelis. ” So, what happened? Why did UBS just acquire CS for less than $1.00 a year ago? Is the financial system going bust?

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Wealth Management vs. Investment Banking: Career Deathmatch

Mergers and Inquisitions

For example, they might ask you how to use a DCF, what bond yields are, or the trade-offs of debt vs. equity – but but they won’t ask you to build a DCF model or calculate Unlevered Free Cash Flow. It offers the broadest set of possible exits within the finance industry if you leave early (in your Analyst years).

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Investment Banking in India: Please Avoid It and Try Again in Another Country

Mergers and Inquisitions

Financials are usually in the #1 spot because banks and insurance firms constantly issue debt; other sectors trade places in the rankings. Among the elite boutiques , Moelis has a notable presence, and Rothschild has an office in Mumbai but does not appear to be super-active. or Europe and recruiting there.

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Capital Markets vs. Investment Banking: Deals, Careers, Recruiting, Exits, and Offer Decisions

Mergers and Inquisitions

Many firms put capital markets groups within “Investment Banking,” but some include it within Sales & Trading or “Global Markets.” Specifically, private equity is not feasible from most ECM or DCM teams, hedge funds are also challenging, venture capital is a stretch, and you won’t have the right skills for corporate development.