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Investment Banking vs Equity Research | Best Differences You Must Know!
 
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In this video on Investment Banking vs Equity Research, we will see the conceptual differences between these two finance domains. along with examples and also what works and what doesn’t. 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐫𝐨𝐥𝐞𝐬 𝐨𝐟 𝐚𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐁𝐚𝐧𝐤𝐞𝐫? ------------------------------------------------------------------------------------ Investment Bankers job is to do an extensive research on financial deals, They also co-ordinate with the deal makers to execute the major deals. They also act as an mediator between the investors and the the business which are need of financing. Hence, Investment Bankers are the major decision makers of the business. 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐫𝐨𝐥𝐞𝐬 𝐨𝐟 𝐚𝐧 𝐄𝐪𝐮𝐢𝐭𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡𝐞𝐫? ------------------------------------------------------------------------------ Their role is to create the valuation models. and also the research reports through which the major decisions are being made. They are expert in valuating the companies, financial modeling, financial statement analysis etc. 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐟𝐨𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐁𝐚𝐧𝐤𝐞𝐫 --------------------------------------------------------------------------- 1. CFA is a good option to opt for an Investment Banker 2. MBA also seems to be an better option too, as MBA offers an incredible opportunity to network which CFA never provide. 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐟𝐨𝐫 𝐄𝐪𝐮𝐢𝐭𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡𝐞𝐫 -------------------------------------------------------------------------- 1. To become an Equity Research Analyst, CFA is right course to do. CFA is a affordable course with the comparison of MBA Course. BUt Compared to MBA, CFA is very hard to complete. It has three levels which are the must to do, if you want to get the certificate. 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐒𝐤𝐢𝐥𝐥𝐬 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐟𝐨𝐫 𝐚𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐁𝐚𝐧𝐤𝐞𝐫 --------------------------------------------------------------------------------------------- 1. They must have a ability to create great client relationships. 2. They must being able to manage both small and large transactions. 3. They must be able to negotiate a deal with huge success. 𝐒𝐤𝐢𝐥𝐥𝐬 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐟𝐨𝐫 𝐄𝐪𝐮𝐢𝐭𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡𝐞𝐫 ------------------------------------------------------------------- 1. Researching and Analysis skills are of vital importance for equity research analysts. 2. All the huge financial deals are done on the basis of their calculation and analysis For more information regarding this, you can go to:- https://www.wallstreetmojo.com/Investment-Banking-vs-Equity-Research/ Subscribe to our channel to get new updated videos. Click the button above to subscribe or click on the link below to subscribe - https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1
Views: 3245 WallStreetMojo
What's the difference between investment banking and private equity?
 
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Sherjan Husainie, of Leaders Global Network, offers career workshops in ten major cities around the world. He has worked in both investment banking at Morgan Stanley and in private equity at Google Capital. For more info, visit http://www.leadersgn.com/
Views: 236743 Career Insider Business
3.  What is Equity Research (How to they make money?)
 
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In this video, we discuss what is Equity Research. Here we also discuss How Equity Research Makes Money, What is a typical Equity Research job profile and Who are the clients of Equity Research Department What is Equity Research? Equity Research basically means performing financial analysis and valuation of stocks and recommending them to buy/sell to the investors. How Equity Research Makes Money? The research reports that the equity analysts publish is for free. Equity Analysts are in touch with investors and whenever the investors need to trade, they may do it from the Sales and Trading department of their investment bank. This way they earn commission on each trade and earn money for the Investment Bank. What is a typical Equity Research job profile? Equity Research is work in small teams with each team having a sector focus. Each team consists of 1-3 members wherein at the top is the senior analyst. The associates and junior analysts help the senior analyst with research updates and calls. Who are the clients of Equity Research Department Clients of Equity Research are investors. Investors can be institutional investors like Pension Funds, insurance companies, and other asset management companies. Investors can be the retail investors as well. For more detail, please refer to https://www.wallstreetmojo.com/equity-research-in-an-investment-bank/
Views: 4067 WallStreetMojo
12 . Investment Banking Roles & Positions (Hierarchy)
 
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In this video on Investment Banking roles and positions, we discuss the investment banking hierarchy starting from analyst, associate, vice president and managing director careers. Investment Banking Analyst Role An analyst is the one who is responsible to do each and every work starting from evaluating a company, doing research, preparing pitch book and models etc. Analyst reports to an Investment Banking associate Investment Banking Associate Role Investment Banking Associate is one level above the analyst. His primary role is to take inputs from VP and ensure that the work is done. Also, he allocates work to the analyst and ensures its sanity and timely completion. Investment Banking VP Role Vice President is one level above the associate. He takes reports from the analysts and associates. He ensures that the pitch book is correct, comes up with ideas and meets the clients for making a pitch. Investment Banking Managing Director's Role Managing director is the head of the team. He basically visits the clients, attends conferences and comes up with mandates and ideas. You can learn more about Investment Banking roles here in this article https://www.wallstreetmojo.com/investment-banking-roles-and-responsibilities/
Views: 3432 WallStreetMojo
Top 20 Investment Banking Interview Questions 📖
 
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20 Questions you may be asked at an iInvestment bank Interview. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! What is the best way to a job at an investment bank? How did you get hired at an investment bank? I know we have some subscribers who are looking to get a job in the trading world - whether at an investment bank or proprietary trading firm. I've done a bit of research for you guys.. Investment banking interview question examples: 1) Which is greater 17% of 34 or 34% of 17. 2) What is going on in the economy? 3) If a specific data is announced (say an increase in interest rates or there is an increase in Non-Farm Payrolls) which 5 trades would you make? 4) Do you think Apple is a good buy? 5) If I gave you a million dollar and asked you to generate some alpha within the next 6 to 12 months how would you go about it? 6) What can a firm accomplish in Chapter 11 that it can't accomplish out of court? 7) What could be the reason for 2 companies operating in the same industries operating at different EBITBA multiples? 8) Why would a creditor elector receive equity via a restructuring process as opposed to debt/ 9) Walk me around the world and tell me about the markets as you go. 10) 4 asset classes - gold, oil, USA 10-year treasury rates and S&P 500 - pick one and tell me where it has been and where do you see it going and why. 11) Tell us about a deal that we've done that interests you and why? 12) Explain quantitative easing to me. 13) Talk me about the shape of the Yield Curve. 14) How do you value a mining company - what multiples are most appropriate? 15) Where is the world headed 16) Describe a few instances where you have failed.. 17) Describe the major transactions that have happened in a specific industry (say retail) 18) Assume you're an investor and you come across a family-owned business for sale - how do you go about valuing that business. 19) Sell me this water bottle... 20) Tell me about something you read about the news that you think will have a positive or negative implication for the USA or equity markets. 21) Once you receive offers from a number of firms - what will be the most important factors for you as you think which one you will which accept? Related Videos 6 Crazy Questions Asked at Prop Trading Job Interviews & Investment Banks 🤪 https://www.youtube.com/watch?v=sXWebDEhCvg Top 6 Trading Job Interview Questions 🙋 https://www.youtube.com/watch?v=DRPtOSJCIbc
Views: 6860 UKspreadbetting
13.  Investment Banking - Front Office vs Middle Office vs Back Office
 
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In this video, we discuss Investment Banking Front office vs Middle Office vs Back Office. Investment Banking Front Office In investment banking, front office essentially means those roles that interact directly with the clients. For example, sales and trading analysts have to interact with their clients on a daily basis. Investment bankers are in touch with their clients for pitching ideas. Likewise, equity analyst interacts with the client and advise them on BUY/SELL on stocks. Investment Banking Middle Office Investment Banking middle office roles include their interaction with the front office staff and ensures they comply with the rules and risks set by the team. Roles in risk management, process, and controls, strategy all come under Investment Banking Middle office. Investment Banking Back Office Investment Banking back office does all kind of reconciliation work after the trading. Also, the technology team also comes under the back office. You may learn more about this topic here in the article https://www.wallstreetmojo.com/investment-banking-roles-and-responsibilities/
Views: 9308 WallStreetMojo
Mock Interview Question: Why Investment Banking?
 
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Joshua Rosenbaum and Joshua Pearl, authors of the highly acclaimed and authoritative textbook, Investment Banking, walk you through some common behavioral questions asked during the investment banking interview process. Learn with the pros at http://www.efficientlearning.com/ib. Don't guess what it takes to ace your interview and and answer questions such as "Why investment banking?" Access additional lecture videos and practice questions with a 14 day free trial of Wiley's Investment Banking Prep course: https://www.efficientlearning.com/investment-banking/products/free-trial/
Views: 124952 Wiley Finance
What is in investment banking?
 
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In this video we explore the roles of the key departments in an investment bank, and hear how they work together to service their clients. We speak to senior bankers in Investment Banking, Global Capital Markets, Sales & Trading, Equity Research, Operations and Technology. Visit The Gateway's investment banking page for more advice on how to succeed in this industry: http://thegatewayonline.com/investment-banking
Views: 47748 The Gateway
Investment Banking Front Office & Back Office (KEY DIFFERENCES You NEED to Know!)
 
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TIMESTAMPS: 00:44 Why it's important to know the differences 01:17 Front office 01:44 Back office 02:26 Work/life balance in the front office vs back office 03:04 Front office hours vs back office hours 03:50 Divisions and business within the front office and back office 05:08 The asset management division 05:54 The markets (sales & trading) division 06:31 The investment banking division 08:02 The private banking division 08:37 The research division 09:10 The operations division 09:57 The human resources division 10:09 The finance division 10:29 The audit division 10:42 The legal division 10:50 The compliance division 11:39 Summary and suggestions Last weeks video - 'How to Get an Internship at Goldman Sachs': https://www.youtube.com/watch?v=GJ4p4RvLoTk PLEASE LEAVE VIDEO SUGGESTIONS/IDEAS AND QUESTIONS IN THE COMMENTS BELOW. I like sharing practical, helpful and easy to understand advice on how to get the career of your dreams whether you're a student, graduate or experienced professional. Careers can be tricky. I want to change that. Make sure to hit the subscribe button to watch new videos every week! https://www.afzalhussein.com Visit my website for tips on CV's/Resumes and more career advice: https://www.officialcvdoctor.com/ Follow me: Instagram: https://www.instagram.com/afzal_hussein/ LinkedIn: https://www.linkedin.com/in/afzalhussein Twitter: https://twitter.com/Afzal_Hussein_ Know any talented millennials? Send them here: https://www.T100.co.uk Music: https://goo.gl/qN1M5t #GoldmanSachs #InvestmentBanking #Finance #University #Careers
Views: 16187 Afzal Hussein
🙅Why We Quit Investment Banking ($100,000+ Salary)
 
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Free Training To A Brand New High-End Career (limited time only 2018) https://www.besthighendcareer.com/webinar Learn about what investment bankers do: https://youtu.be/MbMh6KRLz9U Check out their podcast: https://breakingintostartups.com/ https://Facebook.com/EngineeredTruth https://Twitter.com/EngineeredTruth https://Instagram.com/EngineeredTruth
Views: 129815 ENGINEERED TRUTH
Investment Banking Areas Explained: Capital Markets
 
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Capital markets are one of the most fascinating areas of investment banking. Companies need these services when they are about to go public or want to issue debt sold to the public. When a company wants to raise equity, we talk about ECM, standing for Equity Capital Markets, and when it wants to raise debt, we talk about DCM, standing for Debt Capital Markets. On Facebook: https://www.facebook.com/365careers/ On the web: http://www.365careers.com/ On Twitter: https://twitter.com/365careers Subscribe to our channel: https://www.youtube.com/365careers
Views: 121593 365 Careers
Equity Research vs Private Equity - Which is Better?
 
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In this video we discuss the differences between Equity Research vs Private Equity along with its roles and advantages & disadvantages. 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬 𝐁𝐞𝐭𝐰𝐞𝐞𝐧 𝐄𝐪𝐮𝐢𝐭𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐯𝐬 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐄𝐪𝐮𝐢𝐭𝐲 -------------------------------------------------------------------------------------------------- Equity Research is all about locating the valuation of companies listed on stock markets while private equity research, analysis and interpret your results. 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐄𝐪𝐮𝐢𝐭𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡? --------------------------------------------- Equity Research is part of the investment banking industry and is intended for intellectual and qualitative students. Equity research analyst job would include discussing and sharing customer investment suggestions with traders and brokers of firms. 𝐑𝐨𝐥𝐞𝐬 𝐨𝐟 𝐄𝐪𝐮𝐢𝐭𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 --------------------------------------------- #1 - Trainee #2 - Associate #3 - Senior Analyst 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬 𝐨𝐟 𝐄𝐪𝐮𝐢𝐭𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -------------------------------------------------------- #1 - Good salary #2 - A wide range of options to exit and work #3 - Stable working hours 𝐃𝐢𝐬𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬 𝐨𝐟 𝐄𝐪𝐮𝐢𝐭𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 ------------------------------------------------------------- #1 - Desk-bound job #2 - Longer lifespan of seating in front of the computer #3 - Pressure between departments 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐄𝐪𝐮𝐢𝐭𝐲? ---------------------------------------- A private equity analyst is a person who uses financial modeling methods to research and evaluate private companies. 𝐑𝐨𝐥𝐞𝐬 𝐨𝐟 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐄𝐪𝐮𝐢𝐭𝐲 ------------------------------------------ #1 - Analysts #2 - Associates #3 - Associate Director 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬 𝐨𝐟 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐄𝐪𝐮𝐢𝐭𝐲 ---------------------------------------------------- #1 - Feasible working hours #2 - Sufficient knowledge to gain 𝐃𝐢𝐬𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬 𝐨𝐟 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐄𝐪𝐮𝐢𝐭𝐲 -------------------------------------------------------- #1 - In-depth study of things #2 - Not much recognition as compared to other fields To know more about 𝐄𝐪𝐮𝐢𝐭𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐯𝐬 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐄𝐪𝐮𝐢𝐭𝐲, you can go to this 𝐥𝐢𝐧𝐤 𝐡𝐞𝐫𝐞: https://www.wallstreetmojo.com/equity-research-vs-private-equity/ Subscribe to our channel to get new updated videos. Click the button above to subscribe or click on the link below to subscribe - https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1
Views: 426 WallStreetMojo
Do You Analyze Companies Differently Than Those in Investment Banking Research?
 
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WSO Video Library (100+ full webinars): http://www.wallstreetoasis.com/wall-street-videos Interview Guides: http://www.wallstreetoasis.com/guide-to-finance-interviews WSO Resume Review: http://www.wallstreetoasis.com/wso-finance-resume-review WSO Mentors: http://www.wallstreetoasis.com/wall-street-mentors-finance-mock-interviews WSO Events: http://www.wallstreetoasis.com/events
Views: 46 WallStreetOasis
Bank of America Merrill Lynch Global Research Analyst
 
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Ben Heelan talks about his experience as an Analyst within Global Research at Bank of America Merrill Lynch
Views: 20838 Bank of America
Citi Analyst Recruitment
 
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Citi is committed to being the best company in the world for early career talent. We offer Interns, Analysts and Associates an unparalleled mix of formal training and real world experience across our programs. Learn more and apply: http://careers.citigroup.com/Careers/index/#/universityprogram/ View other Citi videos: http://www.youtube.com/citi Read our Blog: http://blog.citigroup.com Like us on Facebook: http://www.facebook.com/citi Follow us on Twitter: http://www.twitter.com/citi Follow us on LinkedIn: http://www.linkedin.com/company/citi Follow us on Instagram: http://www.instagram.com/citi Follow us on Google+: http://www.google.com/+citi
Views: 4798 Citi
Basics of Equity Research Career, Pay, Salary
 
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For details, visit: http://www.financewalk.com Basics of Equity Research Career, Pay, Salary Equity research analysts work on both the sell side and the buy side. Sell-side researchers will work at an investment bank or independent research company, while the buy side typically indicates hedge funds, mutual funds or investment management. On the sell side, researchers develop earnings and cash-flow models of the companies they follow. The research is driven by stock performance: Is Infosys, for example, a good investment for a shareholder? A sell-side analyst will cover a specific group of companies and -know more about less- compared to a buy-side analyst. For example, an analyst might cover 10 Healthcare companies, write reports and make presentations to the clients, which may include investment managers like Fidelity and Morgan Stanley.. On the buy side, an analyst will follow 20 to 40 companies in two to three different sectors. The buy-side analyst focuses on suitability elements for the client involved. They don't publish their research like sell-side analysts do, but instead feed their insights to the portfolio managers who are managing money for the client. Reports can range from two to three pages after a company's earnings to 10 to 15 pages for a longer outlook piece. Not all analysts have to cover companies, however. Some analysts analyze macro trends across countries and for that you have to stay on top of current events. The Pay The pay includes salary + bonus. This bonus depends on the performance of the analyst The Lifestyle The hours required are less intensive than investment-banking hours. You need to put 10-12 hours every day. If you're working as an analyst on the sell side, arrive early. Sell side firms produce morning packages for the clients and so you need to come early. The position may offer greater flexibility than other finance jobs. At some equity research firms in Mumbai, analysts work 50 to 60 hours a week Your output is measured in terms of research and not the number of hours you put in.
Views: 19366 Avadhut Nigudkar
J.P. Morgan Global Research | How Machine Learning Will Transform Investing | J.P. Morgan
 
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SUBSCRIBE: http://jpm.com/x/i/NFPWfK0 Joyce Chang, Global Head of Research, speaks with Marko Kolanovic, Global Head of Quantitative and Derivative Strategy, about his most recent report on how machine learning will transform the investment landscape. J.P. Morgan’s award-winning Global Research provides clients with global breadth and expertise across asset classes, yielding a rich source of market insights and ideas. J.P. Morgan’s research professionals are located in 26 countries and cover more than 3,700 companies worldwide and provide economic forecasts for more than 60 countries. About J.P. Morgan: J.P. Morgan is a leader in financial services, offering solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years. Our business has been built upon our core principle of putting our clients' interests first. Connect with J.P. Morgan Online: Visit the J.P. Morgan Website: https://www.jpmorgan.com/ Follow @jpmorgan on Twitter: https://twitter.com/jpmorgan Visit our J.P. Morgan Facebook page: https://facebook.com/jpmorganchase Follow J.P. Morgan on LinkedIn: https://linkedin.com/company/j-p-morgan/ Follow @jpmorgan on Instagram: https://instagram.com/jpmorgan/
Views: 6174 jpmorgan
What's in an Equity Research Report?
 
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In this tutorial, you'll learn what goes into an equity research report, including how it differs from a stock pitch in terms of structure and argument, the main sections of the reports, and how you might write your own reports. http://www.mergersandinquisitions.com/equity-research-report/ Table of Contents: 1:43 Part 1: Stock Pitches vs. Equity Research Reports 6:00 Part 2: The 4 Main Differences in Research Reports 12:46 Part 3: Sample Reports and the Typical Sections 20:53 Recap and Summary Part 1: Stock Pitches vs. Equity Research Reports The main difference is that equity research reports are like "watered-down" stock pitches: you still recommend for or against investment in a public company, but your views are weaker, "Sell" recommendations are rare, and you spend a lot more time describing the company and its operations and financials. By contrast, in hedge fund stock pitches you take more extreme views and spend more time explaining how your views differ from those of the market as a whole. Part 2: The 4 Main Differences in Research Reports 1) There's More Emphasis on Recent Results and Announcements 2) Far-Outside-the-Mainstream Views Are Less Common 3) Research Reports Give "Target Prices" Rather Than Target Price Ranges 4) The Investment Thesis, Catalysts, and Risk Factors Are "Looser" Part 3: Sample Reports and the Typical Sections The main sections of a report are as follows: Page 1: Update, Rating, Price Target, and Recent Results The first page of an "Update" report states the bank's recommendation (Buy, Hold, or Sell, sometimes with slightly different terminology), and gives recent updates on the company. A specific "target price" must be based on specific multiples and specific assumptions in a DCF or DDM. So with Jazz, we explain that the $170.00 target is based on 20.7x and 15.3x EV/EBITDA multiples for the comps, and a discount rate of 8.07% and Terminal FCF growth rate of 0.3% in the DCF. Next: Operations and Financial Summary Next, you'll see a section with lots of graphs and charts detailing the company's financial performance, market share, and important metrics and ratios. For a pharmaceutical company like Jazz, you might see revenue by product, pricing and # of patients per product per year, and EBITDA margins. For a commercial bank like Shawbrook, you might see loan growth, interest rates, interest income and net income, and regulatory capital figures such as the Common Equity Tier 1 (CET 1) and Tangible Common Equity (TCE) ratios: This section of the report explains how the research analyst/associate forecast the company's performance and came up with the numbers used in the valuation. Valuation The valuation section is the one that's most similar in a research report and a stock pitch. In both fields, you explain how you arrived at the company's implied value, which usually involves pasting in a DCF or DDM analysis and comparable companies and transactions. The methodologies are the same, but the assumptions might differ substantially. In research, you're also more likely to point to specific multiples, such as the 75th percentile EV/EBITDA multiple, and explain why they are the most meaningful ones. Investment Thesis, Catalysts, and Risks This section is short, and it is more of an afterthought than anything else. We do give reasons for why these companies might be mispriced, but the reasoning isn't that detailed and it's not linked to specific share prices. Banks present Investment Risks mostly so they can say, "Well, we warned you there were risks and that our recommendation might be wrong." http://www.mergersandinquisitions.com/equity-research-report/
Oil & Gas Stock Pitch: How to Research and Present It
 
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In this tutorial, you'll learn how to research, structure, and present an oil & gas stock pitch. More at http://www.mergersandinquisitions.com/oil-gas-stock-pitch/ You'll also learn how it's different from investment recommendations and stock pitches in other industries. We'll use Ultra Petroleum [UPL] as the example company, and present a SHORT recommendation based on a detailed analysis of their filings, investor presentations, and earnings call transcripts, along with a complex Net Asset Value (NAV) Model, based on individual wells drilled in different regions. Table of Contents: 1:19 The Structure of an Oil & Gas Stock Pitch 3:15 Investment Thesis 6:19 Catalysts 10:42 Valuation 13:38 Risk Factors 15:51 Why This Recommendation Was Wrong 19:25 Recap and Summary Investment Thesis Why is the company mis-priced? How does the market view it, and why is everyone else wrong? Here, we cite 3 reasons: 1. The company has overstated its average EUR per well in some regions, which means its reserves may be overstated or otherwise inaccurate. 2. Cutting capital expenditures (D&C Costs) and operating expenses (LOE) over time makes less of an impact on the company's implied value than they claim it does - being a low-cost producer is nice, but even substantial reductions over time don't boost the value by all that much. 3. Drilling in Pennsylvania may be stopped or reduced due to the company's JV partners, and the market hasn't yet factored in the chances of that happening and the impact on the company's implied value. Catalysts A few examples of potential catalysts: Oil & Gas-Specific: Reserve Reports / Drill Results, Well Drilling Schedules / Expanded or Reduced Drilling, Produce / No Produce Decisions, New Technology Deployment to reduce D&C Costs, Improved Well Spacing, Pipeline Developments, Hedging Contract Changes More Generic: Geographic Expansion, Acquisitions or Divestitures, Earnings Announcements, Competitors' Activities, Financing Activities For UPL, we use these 3 catalysts: 1. The close of the $650 million Uinta Basin acquisition. 2. The release of new reserve reports from the company's existing regions. 3. The possible halt to drilling in the Marcellus shale of Pennsylvania. For each one, we show the implied per share impact on the company based on the NAV model. Valuation We use the NAV model here, lay out our assumptions in the beginning, and then mostly focus on the OUTPUT of the model to avoid pasting in sheets and sheets of Excel. With the NAV Model, you split the company into existing production (PDP and PDNP) and new production (PUD, PROB, and POSS), make "high-level" estimates for the existing production, and assume a decline rate over time. For the others, assume that a certain # of new wells are drilled each year, assume that they start producing at a certain level and then decline to 0 over time, and then project the revenue, expenses, CapEx, and cash flow for each region and reserve type... Finally, you sum up everything at the end. The main point is to show that the assumption we're MOST uncertain of - EUR per well - makes a huge difference on the valuation... ...While other assumptions, such as the D&C Costs and LOE per well, make a smaller difference and so it doesn't matter much even if the company can reduce those costs. Risk Factors You can "reverse" the catalysts and ask, "What happens if this catalyst does NOT happen, or what if the results are different than expected?" Our top risk factors are: 1. The $650 million Uinta Basin acquisition fails to close. 2. Even if the acquisition does close, initial drilling reports might be positive and indicate higher-than-expected reserve levels. 3. Full drilling continues in the Marcellus shale as natural gas prices recover. 4. The company's improved well spacing pilots prove successful, and it is able to increase its effective EUR per well. So the first 3 are "reversals" of the catalysts, and we therefore also assess the implied per share impact from them. The last risk factor is more of an "X Factor" type of item that might cause the company's reserves to jump up dramatically if executed well. Why This Recommendation Was Wrong First off, gas prices spiked up to very high levels ($7.00 - $8.00) due to an unusually cold winter. That killed the "Short" recommendation since all oil & gas companies become more valuable when commodity prices spike up. Next, the company beat revenue and EPS consensus estimates twice in the past 6-7 months after this pitch; equity research analysts also upgraded their ratings on the stock. Finally, the stock had already fallen substantially in the past 2-3 years before this... so our timing wasn't great. How to Avoid Disaster: We recommended setting a buy-stop order at $23.00 - $24.00 / share to limit our losses. That would have limited our losses to ~25%.
A Day in the Life of a Goldman Sachs Analyst (The HONEST Truth)
 
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TIMESTAMPS 00:43 Last week’s video 01:13 Background 02:16 The two most common analyst roles 03:00 Four key parts of an analyst’s role 04:05 A typical day 06:21 Hours of work 06:36 What does ‘work’ actually mean 06:56 The morning meeting 08:09 Internal vs external meetings (09:46) 10:22 The analyst’s role in client meetings 11:29 Internal (team) requests vs external (client) requests 14:54 Expanding your network at work 15:35 Personal and career development as an analyst 16:04 Stretch assignments 17:50 Commercial awareness 19:52 The most valuable individuals 21:31 Technical (investment/product) analyst roles 22:27 Summary 23:15 A word of advice Last weeks video - 'Investment Banking 101 | Front Office vs Back Office': https://www.youtube.com/watch?v=KLGlzR9a1sg PLEASE LEAVE VIDEO SUGGESTIONS/IDEAS AND QUESTIONS IN THE COMMENTS BELOW. I like sharing practical, helpful and easy to understand advice on how to get the career of your dreams whether you're a student, graduate or experienced professional. Careers can be tricky. I want to change that. Make sure to hit the subscribe button to watch new videos every week! https://www.afzalhussein.com Visit my website for tips on CV's/Resumes and more career advice: https://www.officialcvdoctor.com/ Follow me: Instagram: https://www.instagram.com/afzal_hussein/ LinkedIn: https://www.linkedin.com/in/afzalhussein Twitter: https://twitter.com/Afzal_Hussein_ Know any talented millennials? Send them here: https://www.T100.co.uk Intro music: https://goo.gl/qN1M5t #GoldmanSachs #InvestmentBanking #Students
Views: 299380 Afzal Hussein
Investment Banking 101: Operating Model
 
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In this episode of the financial modelling series Sergey, ex-Goldman Sachs investment banker, will describe how to build an operating model for a start-up company with the step-by-step financial modelling guide. 00:47 income statement assumptions total revenue cost of goods sold research & development sales & marketing general & administrative expenses other expenses 26:00 balance sheet assumptions operating assets operating liabilities capex & depreciation schedule other assumptions 37:35 income statement revenue gross profit operating expenses operating income ( EBIT) prfoit before taxes net income 49:10 balance sheet assets liabilities & shareholders equity 01:04:08 cash flow statement cash flow from operating activities Original Excel file with financial model can be found here: https://goo.gl/QScJgJ Our Investment Banking preparation course https://youtu.be/bBMmN8Cmq3g WANT TO GET INTO INVESTMENT BANKING? Join Sergey's course on Investment Banking Interview Prep https://edu.fless.pro/investment-banking-interview-prep-course SUBSCRIBE AND STAY WITH US! FLESS https://fless.pro Instagram https://www.instagram.com/flesspro Facebook https://www.facebook.com/flesspro VK https://vk.com/flesspro Telegram https://t.me/flesspro
Views: 7081 Fless
Valuation Methods
 
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When valuing a company as a going concern there are three main valuation methods used by industry practitioners: (1) DCF analysis, (2) comparable company analysis, and (3) precedent transactions. These are the most common methods of valuation used in investment banking, equity research, private equity, corporate development, mergers & acquisitions (M&A), leveraged buyouts (LBO) and most areas of finance. Click here to learn more about this topic: https://corporatefinanceinstitute.com/resources/knowledge/valuation/valuation-methods/
5. Buy Side vs Sell Side in an Investment Bank
 
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In this video on Buy Side vs Sell Side, we discuss the top differences between the Buy Side vs Sell Side. Also, we look at how Buy Side and Sell Side are related to the Investment banking firms. Sell Side - In the context of Investment banking, we firm to the equity research department as sell side and the analysts are called as sell-side analysts. They are called as sell side as equity research firms provide research reports to the investors and the investors take trading decisions based on the reports. The trading is facilitated through the investment bank, thereby earning them a commision. Buy Side - The opposite of sell side is buy side. Equity research firms provide research to investors on the Buy Side. Buy Side firms are large institutions investors like Mutual funds, Insurance firms, pension funds etc. The analysts who work for a buy-side is known as a Buy Side Analyst. For more details, you may refer to this indepth article on Buy Side vs Sell side - https://www.wallstreetmojo.com/sell-side-vs-buy-side/
Views: 2941 WallStreetMojo
Webinar - Equity Research & Investment Banking Career Aspirants
 
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Join the FREE webinar on 18th January at 5 PM. Highly recommended for graduates aspiring to a career in Equity Research and Investment Banking. The webinar is conducted by Mr. Jaishankar, Director - FLIP and an IIM Bangalore'91 alumnus. FLIP Graduate National Challenge, India's hottest finance contest for graduates is coming soon! View Details: https://www.learnwithflip.com/graduate-challenge-2019/
Views: 333 FLIP learnwithflip
Private Equity: Industry Overview and Careers in Private Equity
 
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The Private Equity industry as we know it today is significantly larger compared to what it used to be 20 years ago. Nowadays pension funds, investment banks and high-net-worth individuals invest their money in private equity funds. The main idea is to use the money in order to acquire private or public companies, develop and improve their business, and then resell it at a considerable profit, given that the typical investment horizon ranges between 5 and 10 years. Private equity investments are risky, very illiquid and investors expect a significantly higher return compared to some of the other asset classes. Private Equity is one of the most desired career paths in the world of Business and Finance. Several years ago very few, if any, of the PE funds were hiring without relevant work experience. Today, it appears that more funds are willing to hire people with less experience. It is not rare to see intern and analyst openings within PE funds. However, if you’ve worked a couple of years in investment banking, consulting, or financial advisory, your chances of being hired increase significantly. Salaries vary based on the firm size and the country that you are located in, but they are generally 10-20% higher than the ones of investment banker analysts and associates with the same number of years of experience. On Facebook: https://www.facebook.com/365careers/ On the web: http://www.365careers.com/ On Twitter: https://twitter.com/365careers Subscribe to our channel: https://www.youtube.com/365careers
Views: 22882 365 Careers
All You Should Know About Investment banking Courses - Skills Required, Job Prospects
 
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Get the latest interview tips,Job notifications, top MNC openings, placement papers and many more only at Freshersworld.com( https://www.freshersworld.com?src=Youtube ). Here is a video on “ All You Should Know About Investment banking Courses ” by the trainer “Ipshita”. Hope this information helps you in getting your dream job. Investment banking courses prepare you to serve the investment banking and equity research sectors. Also, these courses help to take on the role of providing guidance to clients with regards to financial investments. Further, it prepares future investment bankers to guide their clients (individuals, corporations and governments) on stocks, mergers and acquisitions. Further, investment banking courses teach students how to outline and understand the risks associated with the current state of the market. Moreover, students pursuing these courses study about changing economic landscape, as well as new and existing rules and regulations. At the UG Level – Job Prospects: • Candidates with good Mathematical skills can look for jobs in government financial establishments such as RBI, regional reserve banks, and nationalised and private banks. • The course prepares students to acquire leadership/ managerial roles in the banking and insurance sectors. • After pursuing Research as the area of specialisation at the undergraduate level, candidates can serve as analysts (economic, equity, fixed income, foreign exchange, treasury, commodities, gold and metals, real estate, alternative investments or private equity). • After pursuing Trading as the area of specialisation at the undergraduate level, candidates can serve as hedge fund managers or traders. • One can also go for higher postgraduate degree programs. At the PG Level - Job Prospects: • Students with a Master’s degree or a postgraduate degree can apply for the position of senior analyst. Spending 6-8 years in this field can eventually lead to a position heading the Operational Risk or related division in a financial institution. • After pursuing Dealing as the area of specialisation at the postgraduate level, candidates can easily fit into job roles involving trade execution, price quotation, reconciliation, etc. • After pursuing Portfolio Management as the area of specialisation, candidates can serve as chief investment officer, fund manager, portfolio manager and discretionary portfolio manager, among others. • Candidates can serve as chief economist, head of global strategy, chief strategist, chief investment officer, and fund manager after pursuing Strategy as the area of specialisation under investment banking courses. • Also, postgraduate investment banking courses aim at imparting necessary skills required to perform the role of financial research analyst, equity analyst, credit analyst, investment banking analyst, etc. Skill Sets Required: • Strong quantitative abilities • Salesmanship • Self-confidence • In-depth knowledge of economic market • In-depth knowledge of stocks, bonds, and securities • Quick decision-making skills • Dedication and commitment towards the organization • Perform well under pressure • Updated with trends in the stock market • Updated with trends in the Indian and global economy • On the spot troubleshooting skills • Skills to analyse numbers and forecasts in the industry • Ability to work long hours • Good at mathematics and economics • Accounting skills • Good communication skills #careertips #Freshersworldvideos #lifehacks Freshersworld.com is the No.1 job portal for freshers jobs in India. Check Out website for more Jobs & Careers. http://www.freshersworld.com?src=Youtube Download our app today to manage recruitment when ever and where ever you want : Link :https://play.google.com/store/apps/details?id=com.freshersworld.jobs&hl=en ***Disclaimer: This is just a training video for candidates and recruiters. The name, logo and properties mentioned in the video are proprietary property of the respective organizations. The Preparation tips and tricks are an indicative generalized information. In no way Freshersworld.com, indulges into direct or indirect promotion of the respective Groups or organizations.
Finance Career Paths
 
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In the traditional finance world (excludes quantitative finance) there are a lot of career paths available. I have tried to cover the basic paths however you should know that people with finance backgrounds have ended up in all different types of jobs. Understanding what is required to get to specific careers is important as some paths require different degrees and experiences. These increase the costs associated with these paths and should be considered when reviewing compensation and job responsibilities. 1) Private Equity (Usually investment banking experience is required) 2) Hedge Fund (Usually investment banking experience is required) 3) Investment Banking (Undergrad required) 4) Wealth Management (Undergrad required) 5) Corporate Finance (Undergrad required) 6) Technology Jobs (Non-coding jobs and undergrad required) 7) Consulting (Undergrad required) 8) Business Development/Sales (Undergrad required) 9) If you work hard you could end up in more quantitative jobs such as operational research but usually more quantitative course work or experience is required. Why We Quit Investment Banking ($100,000+ Salary): https://youtu.be/R4ibMt0kQiw Private Equity Compensation: https://www.wallstreetoasis.com/salary/private-equity-compensation Hedge Fund Compensation: https://www.wallstreetoasis.com/2017-hedge-fund-report-8-key-takeaways
Views: 27869 Dimitri Bianco
Top Jobs in Finance Explained: Investment Banking, Accounting and Private Equity
 
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Interested in getting a career in Finance? Not sure what part of Finance you want to work in? This video explains the different types of jobs you can get in Finance. Whether you want to be an Investment Banker, Financial Analyst, Accountant or a Finance Manager. I will walk you through all the options here. · Investment banking · Private Equity · Investment Managers (Buy Side Financial Analysts) – Banks, insurance companies, Hedge funds. · Corporate Finance · Accountant – Responsible for reporting financial results. Public accountants usually work for the "Big 4" accounting firms or other firms structured similarly. The first Financial Analyst role that I’d like to teach you exists within Investment Banks and is the analyst job that supports Investment Bankers. Within the industry it is commonly known as the Investment Banking Analyst. In this job you would be responsible for completing all the research required to analyze your assigned deal. An investment bank’s role is to help a company raise money by issuing an IPO(Initial Public Offering) or a subsequent sale of securities and stock. M&A Analyst Investment Banking is similar to Mergers and Acquisitions, which is why Investment Banks perform a lot of M&A activity. The analysts value both companies separately as well as together. Before that can be done, you will have to help your client find a suitable company to merge with. Investment Management The investment industry is another area that uses the Financial Analyst title. Analysts assist the Investment Manager with ensuring money is invested to maximize return and minimize risk. The teams managing these investments may work for the company who owns the investments or they may be a separate company managing the investments of numerous companies. In the former relationship, these individuals would work for a bank, insurance company or a trust. The Investment Manager’s job is vital to the success of the company so earning the maximum amount of return on investment is crucial. The Financial Analysts who work here are expected to know portfolio analysis very well and will need to obtain the CFA Charter. Some more specific names for these positions are Investment Analyst, Fund Analyst, or Portfolio Analyst. Financial Planning & Analysis There are a handful of finance jobs that exist within all medium to large corporations. The FP&A (financial planning and analysis) is one such role. This area is the core of the finance department and performs most of the analysis for the company. One of the functions of FP&A is to provide reporting to management on the performance of the company. This reporting includes analysis of growth rates, trends, and other relevant analysis. Private Wealth Management A Private Wealth Management professional works with high net worth individuals to assist them with protecting or increasing their wealth through diversification of financial assets. Their main role is managing the relationship between the financial institution and the client while serving the needs of the client. They will suggest specific funds or risk reduction strategies to help the client protect and grow their money. Some job titles you will see for these roles are Private Wealth Manager, Private Wealth Analyst, or Wealth Management Analyst Credit Analyst Credit analysts are not really covered here in this video, but they are responsible for evaluating the risk of a company to determine their creditworthiness. This is relevant for evaluating whether or not to give a company a loan and the structure and terms of that loan. The method used to determine the company’s risk is typically through the analysis of their financial statements. Buy-Side / Sell-Side Analyst A Buy-Side Financial Analyst is evaluating a company to determine if their stock is good to invest in and make part of their investment portfolio. A Sell-Side Financial Analyst has the responsibility of evaluating a company and making a recommendation to the Buy-Side Analysts to either buy or don’t buy. The main difference between the two jobs is that the Sell-Side Analyst has to do a very thorough analysis of the company. The Buy-Side Analyst uses this analysis to make their stock purchase decision. For more information, visit Careerintellect.com. Follow me at: Instagram: https://www.instagram.com/careerintellect/?hl=en Facebook: https://www.facebook.com/CareerIntellect.co/ Twitter: https://twitter.com/careerintellect LinkedIn: https://www.linkedin.com/in/brian-simmons-mba-74942811/ Don't forget to subscribe so you don't miss the next videos. Follow me at: Instagram: https://www.instagram.com/careerintellect/?hl=en Facebook: https://www.facebook.com/CareerIntellect.co/ Twitter: https://twitter.com/careerintellect LinkedIn: https://www.linkedin.com/in/brian-simmons-mba-74942811/
Views: 325 Brian Simmons
Day in the Life of a Credit Analyst | PIMCO
 
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Christian Stracke, Global Head of Credit Research, offers an inside look at PIMCO’s intensive credit research process and how it led the firm to invest in pipeline companies as oil reached its 2016 low. For more information, visit http://pimco.com Follow us for insights on economies, markets and investing: Twitter: https://twitter.com/pimco LinkedIn: http://www.linkedin.com/company/pimco Facebook: http://www.facebook.com/pimco Blog: http://blog.pimco.com Terms and conditions: pimco.com/socialmedia
Views: 75901 PIMCO
Sell side vs Buy side Analysts
 
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This video discusses the difference between sell-side analysts and buy-side analysts. Sell-side analysts typically work for a brokerage firm or an investment bank and follow one or more companies within a specific industry. They forecast a company's earnings per share, issue a price target for the stock, and provide buy/sell/hold recommendations in the hope that investors would find the information useful and choose to do business with their investment bank or brokerage firm. Buy-side analysts, on the other hand, typically work for a pension fund, charitable foundation, or other large investor. The buy-side analyst's job is to identify attractive investment opportunities for their employer. A pension fund with $100 million to invest would rely on buy-side analysts to determine the appropriate investment strategy. Buy-side analysts in turn may interact with and rely on the information provided by sell-side analysts. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 10712 Edspira
Travel Morning Routine || Day in My Life as a Private Equity Analyst
 
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xoxo Anna ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ S O C I A L M E D I A Twitter - @smilecuzurhappy Instagram - @anna_graziella Pinterest - Anna Graziella Facebook - https://www.facebook.com/annagraziellayoutube Blog - https://annagraziella.wordpress.com ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ V I D E O S Y O U M A Y L I K E Morning Routine - https://www.youtube.com/watch?v=ML90396Hq1k Room Tour - https://www.youtube.com/watch?v=QclEDFWgKVY Boyfriend Tag - https://www.youtube.com/watch?v=_kGxiJE_3tI ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ M U S I C " " By ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ ◌ C O N T A C T M E Business Email - [email protected]
Views: 28598 Anna Graziella
19. Investment Banks
 
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Financial Markets (2011) (ECON 252) Professor Shiller characterizes investment banking by contrasting it to consulting, commercial banking, and securities trading. Then, in order to see the essence of investment banking, he reviews some of the principles that John Whitehead, the former chairman of Goldman Sachs, has formulated. These principles are the basis for a discussion of the substantial power that investment bankers have, and their role in society. Government regulation of these powerful investment banks has been a thorny issue for many years, and especially so now since they played a significant role in world financial crisis of the 2000s. 00:00 - Chapter 1. Key Elements of Investment Banking 09:50 - Chapter 2. Principles and Culture of Investment Banking 16:54 - Chapter 3. Regulation of Investment Banking 27:21 - Chapter 4. Shadow Banking and the Repo Market 33:04 - Chapter 5. Founger: From ECON 252 to Wall Street 46:24 - Chapter 6. Fougner: Steps to Take Today to Work on Wall Street 53:49 - Chapter 7. Fougner: From Wall Street to Silicon Valley, Experiences at Facebook 57:56 - Chapter 8. Fougner: Question and Answer Session Complete course materials are available at the Yale Online website: online.yale.edu This course was recorded in Spring 2011.
Views: 317383 YaleCourses
A WEEK in the Life - Investment Banking Analyst (90 HOURS Work Week)
 
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Subscribe Now For More Content - Back on the 10th of June 2019
Views: 33284 High Finance Graduate
Finance vs Consulting | Which Career to Choose?
 
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In this video on Finance vs Consulting, we will do the analysis between a finance guy and a consultant. 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐁𝐞𝐭𝐰𝐞𝐞𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠 ---------------------------------------------------------------------------- The one and only difference in finance and consulting is that the compensation. You would earn a little bit more while starting your Finance career than starting your management consulting career. But if you stick to your laurel, if you will do well, you will earn much more as a management consultant than a finance professional. 𝐂𝐚𝐫𝐞𝐞𝐫𝐬 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 --------------------------------- 1. Technical analysis 2. Corporate Finance Equity Research 3. Risk Management 4. Private Equity 5. Investment Banking 6. Project Finance 7. Equity Research 8. Quantitative Analysis 𝐂𝐚𝐫𝐞𝐞𝐫 𝐎𝐩𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠 -------------------------------------------------- 1. Management Consulting 2. IT Consulting and other areas 3. Strategic Consulting 𝐒𝐤𝐢𝐥𝐥𝐬 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 ---------------------------------------------- 1. Accounting 2. Microsoft Excel 3. Valuation Methods 4. PowerPoint 5. Corporate Finance 6. Fixed Income 7. Financial Modeling 8. Corporate Law 9. Derivatives 𝐒𝐤𝐢𝐥𝐥𝐬 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠 --------------------------------------------------- 1. Analytical Skills 2. Operations 3. Business Modeling 4. Microsoft PowerPoint (heavy) 5. Microsoft Excel (less) 6. Business Strategy 7. Human Resource 8. Supply Chain 9. Process vast data 𝐇𝐨𝐰 𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐭𝐨 𝐚 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐑𝐨𝐥𝐞? -------------------------------------------------------- The 1st step is to decide what you want to specialize in. Is it something that you want to do at least for the next 10-15 years? If yes, then choose whatever speaks to you. 𝐇𝐨𝐰 𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐭𝐨 𝐚 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠 𝐑𝐨𝐥𝐞? ------------------------------------------------------------- You can join a big consulting firm like McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture etc and can learn the art of the trade. To know more about Finance vs Consulting, you can go to this 𝐥𝐢𝐧𝐤 𝐡𝐞𝐫𝐞: https://www.wallstreetmojo.com/Finance-vs-Consulting/ Subscribe to our channel to get new updated videos.Click the button above to subscribe or click on link below to subscribe - https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1
Views: 2588 WallStreetMojo
Corporate Finance vs Investment Banking | Know the Best Differences!
 
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In this video on Corporate Finance vs Investment Banking career's, we will help you decide which career to choose by comparing its concepts, skills and many more. 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐯𝐬 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 ------------------------------------------------------------------------- Investment Banking and Corporate Finance are the most promising career options for finance students. Both the areas offer highly competitive job roles, and excellent prospects to grow as a professional. 𝐂𝐨𝐧𝐜𝐞𝐩𝐭𝐮𝐚𝐥 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬 - 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐚𝐧𝐝 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞. ----------------------------------------------------------------------------------------------------------- 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗯𝗮𝗻𝗸𝗶𝗻𝗴 Investment Banking deals with major financing activities including acquiring other businesses, issue of securities, raising capital for a business. 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 It is basically concerned with the companies financial activities. Decisions for investments or for raising capital fall within its domain. The main objective is to maximize the value of a business by making financial decisions which may include identifying avenues for reinvesting profits, allocation of resources, or raising capital by issuing equity or debt securities. 𝐒𝐤𝐢𝐥𝐥𝐬 𝐍𝐞𝐞𝐝𝐞𝐝 𝐟𝐨𝐫 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐂𝐚𝐫𝐞𝐞𝐫 ---------------------------------------------------------------------------- 1. Excellent analytical abilities 2. Expert knowledge of financial analysis 3. Broad-based knowledge of corporate finance 4. Excellent communication abilities 5. Good accounting skills 𝐒𝐤𝐢𝐥𝐥𝐬 𝐍𝐞𝐞𝐝𝐞𝐝 𝐟𝐨𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐂𝐚𝐫𝐞𝐞𝐫 ------------------------------------------------------------------------------- 1. Excellent analytical abilities 2. Advanced knowledge of financial concepts 3. Excellent networking abilities 4. Expert at client negotiation 5. Hard skills like Valuations, Financial Modeling, PowerPoint presentations and Excel. To know more about Investment banking vs Corporate Finance, you can go to this 𝐥𝐢𝐧𝐤 𝐡𝐞𝐫𝐞: https://www.wallstreetmojo.com/corporate-finance-vs-investment-banking/ Subscribe to our channel to get new updated videos.Click the button above to subscribe or click on link below to subscribe - https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1
Views: 1419 WallStreetMojo
Mock Interview: What interests you about the Investment Banking Analyst position?
 
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Lonnie displays two different ways to answer the question, "What interests you about the Investment Banking Position?" during this Banking mock interview. Here you will watch a 2 Sigma (borderline) answer, and a 5 Sigma (exceptional) answer, with commentary following each response highlighting the pros and cons of each answer.
Views: 50971 ExpertPrep
Credit Suisse Investment Banking:  a day in my life in Hong Kong
 
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Credit Suisse employees share insights into what it's like to work for a global bank. Billy, a Director in the Hedge Fund Sales team, takes us through his day at the office in Hong Kong. For more information about current open positions and about working with us visit: https://www.credit-suisse.com/careers You can also follow us on: Facebook - https://www.facebook.com/creditsuissecareers LinkedIn - https://www.linkedin.com/company/credit-suisse
Views: 105513 Credit Suisse
Buy-Side vs Sell-Side - The Main Differences Between Them (ALL Students & Graduates MUST Know!)
 
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Please hit ‘like’ and subscribe if you enjoyed this video. TIMESTAMPS 00:58 Important note to keep in mind 02:29 Sell-side vs Buy-side 02:44 The different firms on each side 04:13 Apple’s pension scheme 05:06 Sell-side careers 05:31 Buy-side careers 06:08 Aims and goals for each side 06:48 Work/life balance 07:26 Compensation (salaries) 08:22 Summary 08:55 Thank you for 5,000 subscribers! Other videos you might like: How to Get an Internship at Goldman Sachs: https://www.youtube.com/watch?v=GJ4p4RvLoTk Front Office vs Back Office in Investment Banking: https://www.youtube.com/watch?v=KLGlzR9a1sg Day in the Life of a Goldman Sachs Analyst: https://www.youtube.com/watch?v=y4luue9VZag What I Learnt From Working at Goldman Sachs: https://www.youtube.com/watch?v=RL5J1mkwgGI 10 Top Tips for Writing a Powerful CV: https://www.youtube.com/watch?v=yepdQYMJntA These 3 Things Will Make Your Cover Letter Stand Out: https://www.youtube.com/watch?v=-nsbNEnMqGw How to Answer the “Tell Me About Yourself” Interview Question: https://www.youtube.com/watch?v=gUR2RJS6xrw What to Wear to a Goldman Sachs or Investment Banking Interviews: https://www.youtube.com/watch?v=VUX9gYjfCz8 10 Reasons University Ranking Doesn’t Matter for Investment Banking: https://www.youtube.com/watch?v=paprYLKd7Kc 15 Ways to Network Like a Pro: https://www.youtube.com/watch?v=WVGuVJ1Svrg Top Universities for Investment Banking – 5 Reasons: https://www.youtube.com/watch?v=AE8wMc0Ok-A What is a Spring (Insight) Week?: https://www.youtube.com/watch?v=wiLy7LphI8Y&t=113s 10 Signs Your Job Interview Went Well: https://www.youtube.com/watch?v=wmAyyqrfIvA Assessment Centres Explained: https://www.youtube.com/watch?v=8q7DKSHeGpc Acing Your Assessment Centres: https://www.youtube.com/watch?v=_mWqvsCC9kM Investment Banking Salary – Analyst: https://www.youtube.com/watch?v=ZX6dz61s-po&t=19s Investment Banking Pay Per Hour: https://www.youtube.com/watch?v=JV9soTTmq0g&t=234s PLEASE LEAVE VIDEO SUGGESTIONS/IDEAS AND QUESTIONS IN THE COMMENTS BELOW. I like sharing practical, helpful and easy to understand advice on how to get the career of your dreams whether you're a student, graduate or experienced professional. Careers can be tricky. I want to change that. Make sure to hit the subscribe button to watch new videos every Wednesday! My personal website: https://www.afzalhussein.com My career consulting website: https://www.officialcvdoctor.com/ Follow me on social media: Instagram: https://www.instagram.com/afzal_hussein/ LinkedIn: https://www.linkedin.com/in/afzalhussein - please hit ‘follow’ as I’ve used all 30k connections! Twitter: https://twitter.com/Afzal_Hussein_ Intro music: https://goo.gl/qN1M5t Buy-Side vs Sell-Side - The Main Differences | #InvestmentBanking #Students #Careers
Views: 8500 Afzal Hussein
Investment Banks - Equity Research - Sales & Trading
 
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Fahad Al Rajaan - Research has traditionally been an essential supporting function to sales and trading. Visit http://www.fahadalrajaan.co.uk/investment-banking-what-is-sales-trading/ to read about the sales and trading activities of investment banks.
Views: 200 Fahad Al Rajaan
WST: Overview of Financial Mkts - Investment Bank Hierarchy
 
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Wall St. Training Self-Study Instructor, Hamilton Lin, CFA introduces the major jargon and finance terminology in finance. What exactly is the sell-side and the buy-side and do they affect the capital markets and why do they have a symbiotic relationship? What exactly is investment banking, sales & trading and research? How is it that asset management is the flip opposite and yet very similar at the same time? Put those questions to rest with this Overview of Financial Markets overview. This course is offered FREE for six months at: http://www.wstselfstudy.com Register for this course FREE at: http://www.wstselfstudy.com/register For more information of the video courses previewed here, go to: http://www.wstselfstudy.com/modules.html Over 80 hours of online, interactive Self-Study Videos! ***SPECIAL YOUTUBE OFFER*** Receive 20% off 5 month purchase at: http://www.wstselfstudy.com Use Discount code: youtube20 Wall St. Training Self-Study provides online, video-based, self-study financial modeling training solutions to Wall Street. Our interactive course modules are Excel-based and specialize in advanced and complex financial modeling, valuation modeling, investment banking, mergers & acquisitions and leveraged buyout training topics. Enhance your skills and master the content required by Wall Street investment banks, M&A, research, asset management, credit, and private equity firms.
Views: 15895 wstss
Financial Modeling for Equity Research
 
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If you are planning a career in Equity Research, Investment Banking, Private Equity, or Asset Management, you are going to have to learn financial modeling. In this video I demonstrate how to use my book "Financial Modeling for Equity Research" to build an earnings model. The book featured in this video is available on Amazon: http://amzn.to/2yHfmlz Terms of Use: https://www.gutenbergresearch.com/terms-of-use.html Facebook: https://www.facebook.com/GutenbergEquityResearch/ StockTwits: http://stocktwits.com/GutenbergResearch Google+: https://plus.google.com/+GutenbergResearchLLC/about Twitter: https://twitter.com/GutenbergRes LinkedIn: https://www.linkedin.com/company/gutenberg-equity-resarch
Views: 12528 GutenbergResearch
A Day in the Life of a Wall Street Analyst
 
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Meet Nataliya, a securitization analyst in our New York office. From developing new products to grabbing a drink with her coworkers, Nataliya shows us what life is like at Mizuho. Learn more about Careers at Mizuho: https://www.mizuhoamericas.com/careers
Views: 114571 Mizuho Americas
6.  Sales And Trading in an Investment Bank
 
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In this video on Sales and Trading, we discuss What is Sales & Trading, Role of Sales Function in Investment Banking and role of Trading in Investment Banking Role of Sales and Trading in an Investment Bank The sales team are in touch with the clients like the Mutual Funds, Portfolio Managers, Insurance companies etc. Sales team appraise them about the industry knowledge, market movements, and recommendations of buy and sell. Since the sales team do not perform financial analysis, they rely on their equity research teams for inputs. Sales team scout for trading by their clients to earn commissions. Trading team in an Investment Bank Once the trade order is received from the Sales Team, the trading team executes the order in such a way that it is most beneficial to its clients (by way of lowest price for buy or highest price for sell) For more detail, please refer to https://www.wallstreetmojo.com/sales-and-trading-in-investment-banking/"
Views: 3617 WallStreetMojo
How Do Investment Banks Make Money?
 
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In this video we will take an in-depth look at how an investment bank makes money. This will be very helpful if you are looking for a job in investment banking or have an interview soon. After this video you should have a good knowledge of how an investment bank works and what they actually do. In this video we will cover the following businesses of an investment bank: - Brokerage - Underwriting - Mergers and Acquisitions - Propitiatory Trading - Dark Pools - Market Making - Swaps - Collateralization - Research - Asset Management - Hedge Funds - Private Equity
11 Difference Between Merchant Banking And Investment Banking
 
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1. Traditional merchant banks often expand into the field of securities underwriting, while many investment banks participate in trade financing activities.  2. Investment banks facilitate mergers and acquisitions through share sales and provide research and financial consulting to companies. 3. Based on: MERCHANT BANK:Fee based INVESTMENT BANK:Fee based and fund based 4. Example: Investment Banking: J.P. Morgan & Co. Bank of America Merrill Lynch Goldman Sachs Merchant Banking: J. S. Morgan & Co. Brown Brothers Harriman & Co. Samuel Montagu & Co. 5. Investment Bank is a financial institution that helps to government, corporate, HNI (High Net Worth) individual in raising capital. The merchant bank is a private financial institution that deals with international financial activities such as foreign corporate investment, foreign real estate investment and trade finance. 6. Investment banks focus on initial public offerings (IPOs) and large public and private share offerings. Merchant banks tend to operate on small-scale companies and offer creative equity financing, bridge financing and a number of corporate credit products. 7. Trade financing MERCHANT BANK:Offered to the clients INVESTMENT BANK:Rarely provided 8. Deals with: MERCHANT BANK: Small companies INVESTMENT BANK: Large companies 9. Functions of Investment Bank: Public Offerings of Debt and Equity Securities Private Placements of Debt and Equity Securities Raising Capital & Security Underwriting Mergers and Acquisitions Financial Advisory / Sponsor Group Finance Structured Finance / Securitization 10. Functions of Merchant Bank: To facilitate a client transaction To purchase securities in an operating company for the firm’s own account Facilitating Letter of Credit. corporate Financing 11. Investment banks often facilitate mergers and acquisitions activities. Merchant banks are not involved in M & A.
Views: 1960 Patel Vidhu
Financial Services - Investment Bank Research Report - A Sample Panopto Video
 
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See the full video in the complete Panopto player! http://demo.hosted.panopto.com/Panopto/Pages/Viewer.aspx?id=1d0eb070-72f6-4cfa-8183-8ce8af36945c In this sample Panopto video, an account manager at an investment bank shares insights with his customers about a potential investment opportunity.
Views: 86 PanoptoVideo
Investment Banking Industry Overview (Research)
 
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An overview of the research line of business.
Views: 21 Markets Chimp
Meet Michael Gardner - Director of Research (Investment Banking)
 
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What is "investment banking"? The equity research department in any bank plays an important role in stock picking and analysis. Gain valuable insights from Michael Gardner as he discusses the various facets of an investment bank. Michael shares his unique perspectives as someone who has worked in several major departments of an investment bank - operations, corporate finance, capital markets, and equity research. Subscribe to our channel for more video interviews with professionals in various industries. Please note that these video interviews reflect the personal stories of professionals pertaining to their professions. The views and opinions expressed in the content are solely those of the interviewed professionals, and do not necessarily represent or reflect the views or opinions of Career Wonder.
Views: 3 Career Wonder
Mock Equity Research Interview Question – Pitch Me A Stock
 
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For candidates preparing for an equity research interview, the "Pitch Me A Stock" question will almost surely be asked at least once throughout the interview process. It is an important question that highlights the candidates who can articulate investment ideas and show an understanding of the market. So how do you prepare for this question? The question can be split into three steps; 1) The Statement 2) The Thesis 3) The Valuation Watch the full video to learn how to answer this question and take another step towards securing your dream job! If you have any other questions, please comment below. If you enjoyed the video and found it helpful, please like and subscribe to FinanceKid for more videos soon! For those who may be interested in finance and investing, I suggest you check out my Seeking Alpha profile where I write about the market and different investment opportunities. I conduct a full analysis on companies and countries while also commenting on relevant news stories. http://seekingalpha.com/author/robert-bezede/articles#regular_articles
Views: 22530 FinanceKid
Investment Bank with example! M&A and Fundraising with Example! IB Vs Equity Research!
 
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I’m a Investment banker for more than 2 years. Investment Bank with example! M&A and Fundraising with Example! IB Vs Equity Research! Many people want to enter Investment Banking arena like many MBA graduates or engineers, but don’t know how to enter, and google supriselingly doesn’t provide much information about Investment Bank. Today, we will learn what is Investment Banking, how it is different from Equity Research, Type of Investment Banking, How Investment Bank earns revenue? Basically Investment Bank works in two ways- a) Fundraising- they help companies to raise funds for expansion, new product launch, etc, b) M&A- where one company want to merge or acquire into another company Let me explain you in detail: a) Fundraising-raising funds from Private equity/venture capital, b) raising funds from strategic investors. A) raising from PE/VC guys- Example, lets says zomato wants to raise funds- around 250 million, 500 million, what they will do, they will hire Investment bank like Avendus (it’s a big IB in India), Avendus Investment Bank will study the deal, analyse it and prepare Financial model, Information memorandum and teaser/pitch books. So, Avendus Investment Bank will approach the rich people like Private equity/venture capital to raise funds for Zomato. In return, zomato will pay sum % to Avendus for closing the deal. B) Mahindra wants to raise capital for 250 million or 500 million, here Mahindra company says we want a strategic partner (raising funds from same industry like competitor), so Mahindra company will hire Avendus Investment bank to study the company & will pitch it to same industry players in automotive segment like Mahindra is in, like toyata, honda or tata motors.
Views: 215 Sanjay Bhatia