tag:blogger.com,1999:blog-64875997463493437802026-03-22T12:47:00.297-06:00Landing a Job in Investment BankingDavid Bonnemorthttp://www.blogger.com/profile/13329809033132080010noreply@blogger.comBlogger84125tag:blogger.com,1999:blog-6487599746349343780.post-80727759616784518472016-03-01T08:26:00.004-07:002016-03-01T08:26:54.288-07:00

The following is an outline in the day in the life of Ammon Baldomero, an investment banking intern at InvestmentBank.com. His experience as an intern is non-traditional. Just like many of today’s jobs that allow for remote and flexible work schedules, internships are also following suit. Ammon works part-time on analyst, research, reporting and writing projects while maintaining a hefty school

David Bonnemorthttp://www.blogger.com/profile/13329809033132080010noreply@blogger.com21tag:blogger.com,1999:blog-6487599746349343780.post-29193557875899383062014-10-27T14:08:00.000-06:002014-10-27T20:50:19.215-06:00

This post was co-authored with Steve Sears who writes on how students can prepare for management consulting interviews. As a competitive college student, you are thinking about what will launch your career best and are considering this important question. I would encourage you to take a step back and define your values and your career goals over the next five years before considering the

David Bonnemorthttp://www.blogger.com/profile/13329809033132080010noreply@blogger.com15tag:blogger.com,1999:blog-6487599746349343780.post-34555188467410563932011-01-10T19:05:00.002-07:002011-01-10T19:12:11.840-07:00

Investment banking summer internship interviews are in full swing. Now is the time to finalize your interview schedule and get out to Wall Street. Hopefully you have been networking for months now and have all your interviews lined up.For a quick interview refresher take a look at the blog post 'First Things First: The BIG 5'. Remember to have your story prepared, not memorized, know why you

David Bonnemorthttp://www.blogger.com/profile/13329809033132080010noreply@blogger.com31tag:blogger.com,1999:blog-6487599746349343780.post-5295584988701761632010-11-24T15:08:00.005-07:002010-11-24T15:24:14.515-07:00

I read this article from the Wall Street Journal today titled 'Breaking Into the Finance Field' by Elizabeth Garone (http://online.wsj.com/article/SB10001424052702304023804575566080808274148.html?mod=WSJ_Careers_CareerJournal_4) and I thought it was a great reminder about the difficulty candidates face in trying to make the jump from back office to front office work at an investment bank. It

David Bonnemorthttp://www.blogger.com/profile/13329809033132080010noreply@blogger.com19tag:blogger.com,1999:blog-6487599746349343780.post-24499677354999810682010-11-16T20:29:00.007-07:002010-11-24T15:52:01.077-07:00

So it has been a while since I have written a post. It is good to be back and add another update to the blog. Today I want to write about the 'Buy Side'. During many investment banking interviews, especially as a college junior looking for a summer internship, expect to be asked if you want to work on the 'buy side' or the 'sell side'. This is considered a very basic question and one that if

David Bonnemorthttp://www.blogger.com/profile/13329809033132080010noreply@blogger.com12tag:blogger.com,1999:blog-6487599746349343780.post-28644281808554491112009-07-06T15:01:00.013-06:002009-07-06T16:35:52.865-06:00

As an objective source of information on investment banking interviews and the associated recruiting process, we endeavor to provide our audience with the information necessary to excel in interviews and land jobs as analysts and associates. After reading Scoopbooks' guide to interviews and the recruiting process, cover-to-cover, I can honestly recommend this guide to every junior-banker hopeful

IBDBloggerhttp://www.blogger.com/profile/14926350700179502830noreply@blogger.com24tag:blogger.com,1999:blog-6487599746349343780.post-41441472560528655802009-06-17T09:52:00.003-06:002009-06-17T09:56:44.544-06:00

I wanted to post this after coming across it this morning. I've taken it from The Deal:Usually we tell you about the layoffs in the finance industry, but it looks like large and midsize financial services institutions are hiring again. Here are the latest reports and rumors.In the U.S.: * Goldman Sachs Group Inc. (NYSE:GS), Barclays plc's (NYSE:BCS) Barclays Capital, Credit Suisse Group (

IBDBloggerhttp://www.blogger.com/profile/14926350700179502830noreply@blogger.com14tag:blogger.com,1999:blog-6487599746349343780.post-76709496979189892572009-05-29T10:43:00.017-06:002009-05-30T14:29:33.924-06:00

My brother was in New York last week and picked up the most recent edition of the Bark Street Journal for our Dachshund Frankie. As you can see he is getting his fill of all the recent news.In the past we have mentioned the importance of keeping up to date with economic and financial news. The three most salient reasons for this, which relate to investment banking interviews, are 1) it will help

IBDBloggerhttp://www.blogger.com/profile/14926350700179502830noreply@blogger.com13tag:blogger.com,1999:blog-6487599746349343780.post-74230415188379753172009-05-27T03:26:00.007-06:002009-05-27T07:11:46.166-06:00

As a blog and organization we have recently passed an important milestone: 100,000 page views. This blog was initially created as a bouncing board for our own thoughts and ideas about finding jobs and successful interviewing skills in investment banking. As students from a non-target recruiting school we endeavored to help uncover this highly esoteric world for ourselves and everyone else that

IBDBloggerhttp://www.blogger.com/profile/14926350700179502830noreply@blogger.com10tag:blogger.com,1999:blog-6487599746349343780.post-90272643963768595642009-05-14T09:42:00.011-06:002009-05-14T14:13:55.555-06:00

The biannual Association for Corporate Growth and Thomson Reuters DealMakers Survey Results were published yesterday. The survey was conducted in April and represents the views of 703 dealmakers around the globe. Most interestingly, the survey presents current market sentiments and forecasts deal activity by industry -- an indication of the likely scope and location of job expansion in investment

IBDBloggerhttp://www.blogger.com/profile/14926350700179502830noreply@blogger.com6tag:blogger.com,1999:blog-6487599746349343780.post-22228649960570571002009-05-12T09:25:00.005-06:002009-05-12T22:55:42.473-06:00

In this difficult economic environment, job seekers must be willing to reach out to every potential employer. Below is a comprehensive list of investment banks and links to their home pages. If you're looking for an internship or full time employment, I recommend you contact human resources and recruiting at as many of these banks as possible. A.G. EdwardsABN AmroAlex. Brown & SonsAllen &

IBDBloggerhttp://www.blogger.com/profile/14926350700179502830noreply@blogger.com15tag:blogger.com,1999:blog-6487599746349343780.post-79175509230628482122009-05-09T14:24:00.006-06:002009-05-11T04:22:25.846-06:00

Recently I contacted an MD in M&A at a bulge bracket investment bank and asked, "What are the qualities of a successful analyst?" He responded with the following short, concise list.1. Attitude2. Attention to Detail3. Team Player While interviewing for a position as an analyst or associate, it is essential for you to demonstrate a great attitude, exceeding attention to detail, and your

IBDPrephttp://www.blogger.com/profile/05783015438644872771noreply@blogger.com5tag:blogger.com,1999:blog-6487599746349343780.post-76122507327906459562009-05-05T11:09:00.014-06:002009-05-08T07:24:51.189-06:00

I just got my copy of Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions-- For anybody and everybody trying to break into investment banking: this is a must read!!! Joshua Rosenbaum and Joshua Pearl, two seasoned bankers, have written this new book as the nuts and bolts instruction guide to valuation, deal making, and deal execution. The authors break down

IBDBloggerhttp://www.blogger.com/profile/14926350700179502830noreply@blogger.com5tag:blogger.com,1999:blog-6487599746349343780.post-1025725507628713882009-05-02T14:04:00.007-06:002009-05-04T19:43:07.711-06:00

During the history of this blog we have never discussed investment banking salaries in detail. We have alluded to the fact that bankers are well compensated but how well?There is no easy formula for determining banker compensation. At the analyst and associate level, for whom this blog is targeted, compensation is relatively similar across the board. Boutiques and bulge bracket investment banks

IBDBloggerhttp://www.blogger.com/profile/14926350700179502830noreply@blogger.com8tag:blogger.com,1999:blog-6487599746349343780.post-25781701586095321172009-04-18T23:17:00.005-06:002009-04-18T23:33:12.326-06:00

Saw some interesting news which I thought our readership would enjoy. These rankings won't be coming out officially for awhile but here are the 2010 US News top 28 MBA programs.Current rank [Previous rank] School Name (Rating) [Previous Rating]1 [1] Harvard (100) [100]2 [1] Stanford (99) [100]3 [4] Northwestern (93) [93]3 [3] Penn (93) [95]5 [4] MIT (92) [93]6 [4] Chicago (91) [93]7 [7] Berkeley

IBDBloggerhttp://www.blogger.com/profile/14926350700179502830noreply@blogger.com3tag:blogger.com,1999:blog-6487599746349343780.post-24401799687672132762009-03-16T00:05:00.004-06:002009-03-16T00:59:47.983-06:00

I'm always on the look out for new resources and want to pass along this new blog I found on Business Week called First Jobs. It is a blog dedicated to young entry-level professionals. It has a few interesting posts, of which I have listed below. To learn more check out their site.Layoff Coaching 101College Grads Facing Worst Hiring Climate Since 2002Dressing to Impress: More Important Than

David Bonnemorthttp://www.blogger.com/profile/13329809033132080010noreply@blogger.com5tag:blogger.com,1999:blog-6487599746349343780.post-82749896641165647902009-03-13T18:57:00.003-06:002009-03-13T19:13:11.362-06:00

This is a funny video, so I hope you like it!  Keep working hard to get the job you want and think outside the box.  If you have a goal to get a job in banking then create an action plan to help you get there and then stick to it!  Do not be afraid to take alternative paths to get there.  Make it happen!Enjoy!

David Bonnemorthttp://www.blogger.com/profile/13329809033132080010noreply@blogger.com3tag:blogger.com,1999:blog-6487599746349343780.post-62389340503177527242009-03-06T13:19:00.005-07:002009-03-08T17:11:45.650-06:00

With U.S. unemployment at its highest in 25 years, it is going to be a difficult and competitive hunt for your next full-time job or internship.  Investment banks are under heavey scrutiny and reform and the credit markets are frozen.  Businesses in all areas of our economy have been and are being effected.  Right now, more than ever, you need to be proactive in your networking and take full

David Bonnemorthttp://www.blogger.com/profile/13329809033132080010noreply@blogger.com7tag:blogger.com,1999:blog-6487599746349343780.post-43923822729071231142009-02-25T18:53:00.007-07:002009-02-26T20:02:38.654-07:00

As our subscriber base has grown to include readers worldwide, this blog post is specifically for all of our local subscribers in Utah.  There is finally a training course similar to Training the Street, Deal Maven, Investment Banking Insitiute etc... for students in the Salt Lake Valley.  This is a new program now being offered in Salt Lake City and Provo by Private Equity Prep (PEP) (http://

David Bonnemorthttp://www.blogger.com/profile/13329809033132080010noreply@blogger.com7tag:blogger.com,1999:blog-6487599746349343780.post-10855263977388615262009-01-20T09:58:00.005-07:002009-01-20T10:31:39.637-07:00

Discounted Cash Flow Analysis can be broken down into three sections:1. Forecast free cash flows for a given period (5 to 10 years generally, and depending on the industry)2. Discount free cash flows using some discount rate3. Calculate the Net Present ValueA question you will probably encounter during interviews will be: What discount rate should you use when performing a DCF?According to Wet

IBDBloggerhttp://www.blogger.com/profile/14926350700179502830noreply@blogger.com4tag:blogger.com,1999:blog-6487599746349343780.post-41891603808643351322008-12-01T08:30:00.003-07:002009-02-12T22:19:46.300-07:00

As we have discussed in the past, when interviewing with an investment bank you should be prepared to answer the question: Why this bank?There are several elements to answering this questions effectively. You will definitely want to talk about the "Culture" of the bank. This is when you tell your interviewers what their perspective of the institution is. Speak with analysts at the bank to get an

IBDBloggerhttp://www.blogger.com/profile/14926350700179502830noreply@blogger.com1tag:blogger.com,1999:blog-6487599746349343780.post-79493075939346543612008-11-30T15:10:00.007-07:002009-02-12T22:20:12.850-07:00

A friend of mine recently interviewed with a boutique investment bank and a section of the interview included a 1 hour financial modeling exercise. How well prepared are you to build, format, and forecast the income statement of a public company? Do you know the keyboard shortcuts necessary to complete this task in under an hour?During my internship this summer, the full-time analysts explained

IBDBloggerhttp://www.blogger.com/profile/14926350700179502830noreply@blogger.com3tag:blogger.com,1999:blog-6487599746349343780.post-90198320266096122652008-11-19T21:22:00.012-07:002009-02-12T22:20:30.883-07:00

Understanding how the three core financial statements interplay is fundamental to your success in investment banking interviews. Below is a brief description of the three statements and how they connect to one another. Following the explanation you will find a few sample interview questions.Income StatementNet income--the bottom line--flows from the Income Statement to Retained Earnings on the

IBDBloggerhttp://www.blogger.com/profile/14926350700179502830noreply@blogger.com7tag:blogger.com,1999:blog-6487599746349343780.post-86306091214216718612008-11-13T10:04:00.008-07:002009-02-12T22:21:11.461-07:00

This is a question someone left on an earlier post. We love seeing your questions and comments; we're happy to help answer any questions our readers have.From Anonymous:I would love to hear your thoughts on how to survive if looking for a finance job now... let's face it... if you are beginning the journey in i banking right now... there are a ton of more qualified people to take your spot. What

IBDBloggerhttp://www.blogger.com/profile/14926350700179502830noreply@blogger.com2tag:blogger.com,1999:blog-6487599746349343780.post-81656066659873029982008-10-30T09:24:00.006-06:002009-02-12T22:21:41.880-07:00

How committed to working in the investment banking division are you?I've been searching around the internet looking for other investment banking resources to share with you and I came across the email below. The email was written on a Sunday morning, apparently after an all-nighter, by a analyst in the Healthcare group of a bulge bracket in New York.Warning: Read at your own risk - you might find

IBDBloggerhttp://www.blogger.com/profile/14926350700179502830noreply@blogger.com6