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The choice between working in a bulge bracket investment bank or a boutique investment bank depends on individual preferences and career goals. Specialization and Niche Expertise: Boutique IB Firms specialize in specific industries or sectors, offering in-depth knowledge and tailored advice.
It mixes public finance , project finance , real estate , and infrastructure. It does help to have industry experience in one of the related sectors (tech/TMT, real estate, infrastructure, public finance, etc.), For more on these points, please see the public finance investment banking article and the analytical examples there.
Simply put, you want to get as much understanding when it comes to things like dealing with financialmodels, selecting comparable companies, how to format a deck, etc., You are meant to put in the work in order to become the best finance mind that can eventually lead you to a coveted buyside role.
People are convinced that financialmodeling in equity research is vastly different from investment banking and that research requires different or more specialized skills. So, for example, quarterly financialmodels are more common in equity research, as are detailed bottoms-up models used in initiating coverage reports.
Finally, many renewable energy debt deals take place within Project Finance teams at banks – but Project Finance and corporate finance are very different ! The same criteria as always apply: High grades, a good university or business school, previous finance internships, and a good amount of networking and interview prep.
If you’ve read this site for a long time, you probably know that we focus on creating financialmodeling courses and guides. I’d summarize the ideal student profile as follows: School: You should be in an undergraduate degree program, a Master’s of Finance program , or an MBA program. Grades: You need at least a 3.0
Debt financing is much more common, and the GE firm is often the first institutional investor. FinancialModeling: Like private equity, 3-statement models are common, as are valuations and DCF models , but LBO models are less common since not all deals use debt.
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.) It is a “sweatshop” culture, which is common in China even outside the finance industry. is better for domestic funds.
Think: benchmarking portfolios rather than modeling companies. You will very rarely get exposed to the type of financialmodeling that bankers complete: 3-statement models , DCF models , M&A models , LBO models , and so on.
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