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Project Finance vs. Corporate Finance: Careers, Recruiting, Financial Modeling, and More

Mergers and Inquisitions

This article will focus on careers and recruiting , while the accompanying YouTube video will discuss the technical/modeling aspects in more detail. Many of these assets last for decades , have stable/predictable cash flows , use substantial Debt (50 – 60%+ of the total price), and use sized and sculpted Debt.

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Investment Banking in Singapore: The Best Gateway to Asia for the Non-Chinese?

Mergers and Inquisitions

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. The deal types span a wide range, but equity and debt deals are more common than M&A since many companies in emerging markets are in “growth mode.”

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Bulge Bracket Banks: 2024 Edition

Mergers and Inquisitions

For example, Wells Fargo always does well in debt capital markets but much worse in M&A advisory and equity capital markets. Also, many private equity firms and hedge funds now recruit undergrads directly via Analyst programs , and if you can win an offer at a large/reputable firm, it’s quite a good option.