How to Be an Investment Banker: Recruiting, Interviewing, and Landing the Job. + Website

Introduction xiOverview of the Book xiiWho Is the Book For? xiiiStructure of the Book xiiiAcknowledgments xixChapter 1 Introduction to Investment Banking 1Overview of an Investment Bank 2Overview of Investment Banking 7The Life of an Investment Banker 22Frequently Asked Questions 47Chapter 2 Accounting Overview 55Introduction to Accounting 56The Income Statement 58The Balance Sheet 69The Statement of Cash Flows 83Integrating the Three Financial Statements 88End-of-Chapter Questions 99Chapter 3 Finance Overview 101The Financial System 102Principles of Finance 107Introduction to Corporate Finance 114Valuing Securities 130End-of-Chapter Questions 145Chapter 4 Financial Statement Analysis 147Sources of Financial Information 148Financial Statement Analysis 158Analyzing Different Time Periods 169"Normalizing" the Financials 174End-of-Chapter Questions 177Chapter 5 Valuation 179Introduction to Valuation 180Comparable Company Methodology 194Precedent Transaction Methodology 210Discounted Cash Flow (DCF) Analysis 219Valuation Conclusions 238End-of-Chapter Questions 245Chapter 6 Financial Modeling 247Overview of an Integrated Cash Flow Model 248Building an Integrated Cash Flow Model 262End-of-Chapter Questions 292Chapter 7 Mergers and Acquisitions 293M&A Overview 293The M&A Process 302M&A Analysis 310End-of-Chapter Questions 322Chapter 8 Leveraged Buyouts 323Overview of LBOs 324LBO Modeling 331LBO Conclusions: Do We Do the Deal? 347End-of-Chapter Questions 348Chapter 9 Recruiting, Interviewing, and Landing the Job 349What Are Investment Banks Looking For? 350The Recruiting Process 354Resumes and Cover Letters 360Networking and Informational Interviews 368Interviewing 375Receiving an Offer and Being a Banker 398Conclusions 403Further Reading 405About the Author 407About the Website 409Index 411