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Beyond that experience, bankers look for the same qualities as always: High grades, a good university or business school, previous finance internships, and networking and interview prep. Outside the bulgebrackets, many elite boutiques also advise on sports deals: PJT, Moelis, Evercore, and Rothschild (more so in Europe) are all examples.
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.
Investment Banking Experience at BulgeBracket 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 bulgebrackets or elite boutiques is better for international funds, while IB experience at the top Chinese banks (CICC, CITIC, Huatai, Haitong, etc.)
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.
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. Renewable Energy Accounting, Valuation, and FinancialModeling For the most part, very little is “new” here.
Depth of Work – Traditional PE/HF: You’ll spend time doing market research, meeting management teams/customers/competitors, and building detailed financialmodels for any deal that moves past your quick screening. You can get into good business schools in the U.S.
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