Brian DeChesare

AUGUST 10, 2022

With the possible exception of FIG , oil & gas investment banking generates the highest number of panicked emails and questions. But before delving into the exit opportunities and the long-term outlook, let’s start with the fundamentals: Oil & Gas Investment Banking Defined. Recruiting into Oil & Gas Investment Banking.

Banking 94

Banking EBITDA Dividends Equity 94

Brian DeChesare

MAY 3, 2023

But people who aim for investment banking roles are very much into those bells and whistles, so questions about the DDM and other “exotic” methodologies began rolling in. To be fair, in some industries – like commercial banks and insurance within FIG – the DDM is a core valuation methodology.

Dividends 64

Dividends Terminal Value Enterprise Value Equity 64

Musings on Markets

FEBRUARY 27, 2023

Note that this framework applies for all businesses, from the smallest, privately owned businesses, where debt takes the form of bank loans and even credit card borrowing and equity is owner savings, the largest publicly traded companies, where debt can be in the form of corporate bonds and equity is shares held by public market investors.

Equity 52

Equity EBITDA Start-ups Net Debt 52

Brian DeChesare

SEPTEMBER 13, 2023

Its financial profile now looks like this: Its Debt / EBITDA is now 10x, its EBITDA / Interest has fallen below 1x, the Secured Debt is trading at 90% of its face value, and the Unsecured Debt is down to 60%. But it’s more common to go from law school to investment banking and then move to a hedge fund.

Equity 96

Equity Banking EBITDA Start-ups 96

Brian DeChesare

MAY 24, 2023

EBITDA multiple , matching its own. EBITDA since it’s only growing at 2-3% per year vs. 5-10% per year for Jacobs. If you do not start working at a hedge fund out of undergrad, you are best off working in investment banking if you want to join an event-driven fund. revenue and 11.5x

Equity 64

Equity Start-ups EBITDA Banking 64

Musings on Markets

JANUARY 31, 2024

Most financial service firms have no revenues, though they have their analogs - loans for banks, insurance premiums for insurance companies etc. In maturity, with debt entering the financing mix, net margins become good measures of profitability, and in decline, as earnings decline and capital expenditures ease, EBITDA margins dominate.

Equity 79

Equity Book Value Start-ups Corporate Finance 79

FE International

MARCH 14, 2018

For both paid and shared AMIs, developers must meet the following criteria : Sell publicly available, full-feature production-ready software (not a beta product). Tax and bank account information is also required. AWS app owners are paid monthly in USD directly into a US bank account. billion of that—a one year increase of 35%.

Marketability 52

Marketability Start-ups EBITDA Business Valuation 52