Brian DeChesare

NOVEMBER 15, 2023

I’ve now been writing about finance careers for almost 20 years, and the topic of the CFA for investment banking never seems to die. Specialized Pathways: For the Level III exam, you can focus on portfolio management, private wealth, or private markets. Not much has changed since then.

Banking 59

Banking Start-ups Finance Private Equity Firm 59

Brian DeChesare

AUGUST 23, 2023

Almost nothing is worse than recruiting for investment banking internships , winning an offer, preparing , completing the internship, and then not getting a return offer. All the large investment banks – bulge brackets , elite boutiques , and middle-market firms – use internships as a recruiting tool for Analysts and Associates.

Banking 52

Banking Start-ups Finance Marketability 52

Reynolds Holding

FEBRUARY 4, 2024

Over recent decades, and especially since the 2007-2008 global financial crisis (GFC), the corporate finance markets have changed considerably. First, there is more corporate debt now than ever. Second, fuelled by post-GFC banking regulation (e.g., Second, fuelled by post-GFC banking regulation (e.g.,

Equity 64

Equity Corporate Finance Finance Banking 64

Musings on Markets

JANUARY 11, 2024

I started in the MBA program at University of California at Los Angeles (UCLA) in 1979, at the tail-end of its basketball glory days, fully expecting to move on to a career in consulting or investment banking, when I was done.

Corporate Finance 128

Corporate Finance Finance Start-ups Dividends 128

Brian DeChesare

APRIL 6, 2022

Ask anyone joining a large bank which group they’re most interested in, and consumer retail investment banking is a likely answer. The benefits of the group are almost like the benefits of getting into investment banking : brand/prestige, technical skills, and exit opportunities. public transportation where it exists).

Banking 97

Banking Start-ups Equity Marketability 97

Harvard Corporate Governance

JUNE 30, 2023

Berger (University of Chicago), Wei Cai (Columbia University), and Lin Qiu (Purdue University) , on Monday, June 26, 2023 Tags: Board culture , Board of Directors , CEOs , Corporate culture , dei , Diversity Demonstrating Pay and Performance Alignment Posted by Mike Kesner, Linda Pappas and Ed Sim, Pay Governance LLC, on Monday, June 26, 2023 Tags: (..)

Corporate Finance 228

Corporate Finance Compliance Banking Finance 228

Harvard Corporate Governance

JUNE 29, 2022

Our Working Group is composed of leading academics, former Commission officials, and market participants who focus on the law and economics of human capital management: Ralph Richard Banks, Jackson Eli Reynolds Professor of Law at Stanford Law School; Paul Brest, Former Dean and Professor Emeritus at Stanford Law School; John Coates IV, John F.

Corporate Finance 323

Corporate Finance Banking Finance Marketability 323

Brian DeChesare

FEBRUARY 16, 2022

One of the more controversial industry groups is public finance investment banking. The controversy starts with the name: Is public finance “really” investment banking? Can you compare M&A advisory on multi-billion-dollar corporate deals to underwriting municipal bond issuances from state and local governments?

Finance 65

Finance Banking Equity Marketability 65

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 88

Banking EBITDA Dividends Equity 88

Reynolds Holding

APRIL 30, 2024

Large-scale private equity buyouts, and the increasingly gargantuan financial firms that spearhead them, are commonly regarded as staples of today’s financialized corporate economy. In a new paper, however, I argue that, far from being a modern phenomenon that emerged only a few decades ago, private equity has a considerably longer pedigree.

Equity 59

Equity Corporate Finance Banking Finance 59

Brian DeChesare

DECEMBER 14, 2022

One topic that I’ve never fully explained on this site is the investment banking target school. And why do banks focus so heavily on a few schools? Definitions: What are “Investment Banking Target Schools”? Investment Banking Target Schools by Region and Level.

Banking 52

Banking Finance Start-ups Corporate Finance 52

Brian DeChesare

MAY 11, 2022

There are few topics as heated as age and investment banking. What should I do with my life if I’m too old for banking?”. If you are older than these age ranges and still want to win a traditional investment banking role, you should start by asking yourself, “Why?” Instead, it mostly produces comments such as: “Am I too old?

Banking 98

Banking Start-ups Finance Private Equity Firm 98

Brian DeChesare

DECEMBER 21, 2022

Just look at the financial markets, the crypto meltdown, deal volume at banks, inflation, energy prices, Russia/Ukraine, supply chains, and the hiring environment in tech and finance. But let’s start with my favorite topic: “ranking” banks, schools, and maybe a TV series or three. Bank, School, Dragon, and TV Rankings.

Banking 85

Banking Start-ups Finance EBITDA 85

IVSC

APRIL 29, 2022

” Against a backdrop of significant economic and market uncertainty, our panel of international experts from the worlds of valuation, finance, economics, monetary policy and politics will look at the latest data and trends and offer their thoughts on the global outlook. Ranjit Singh United States Chief, Global Markets, IMF.

Intangible Assets 246

Intangible Assets Finance Enterprise Value Corporate Finance 246

Valutico

NOVEMBER 7, 2023

Valutico Leverages EMIS Transaction Data to Enable Better Valuations of Emerging Market Deals Valutico, a leading valuation software provider, is now offering EMIS comprehensive mergers and acquisitions data to help users better assess the deal landscape, drive deal flow and capitalise opportunities in the world’s fastest-growing markets.

Marketability 52

Marketability Finance EBIT Business Valuation 52

Brian DeChesare

SEPTEMBER 14, 2022

For example, if you work in Debt Capital Markets or Leveraged Finance or a closely related area such as corporate banking , technically, you are a “credit analyst.”. The same applies if you’re working in sales & trading on a fixed income trading desk, such as corporate bonds.

Finance 79

Finance Banking Corporate Finance Start-ups 79

Accountancy Today

JUNE 2, 2023

Founded in 2011, VesselsValue provides a market leading online platform for ship valuations, market analysis and insights utilising a dataset of more than 81,500 vessels. Azets has revealed it was instructed by VesselsValue to advise on its sale to Veson Nautical for an undisclosed sum.

Corporate Finance 52

Corporate Finance Finance Banking Marketability 52

Reynolds Holding

AUGUST 15, 2023

It is therefore important to understand whether and how financial markets can create incentives for ESG integration. In a new paper, we investigate the financial market conditions that facilitate ESG integration. Our model has several components reflecting key features of greenwashing in corporate finance.

Marketability 98

Marketability Finance Corporate Finance Equity 98

Harvard Corporate Governance

APRIL 21, 2022

Booth Chair in Banking and Finance at the University of California, Berkeley, Haas School of Business. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance by Lucian A. This post is based on a recent paper by Mr. Levine; Jianqiang Chen, Ph.D.

Corporate Finance 203

Corporate Finance Finance Technology Banking 203

Brian DeChesare

AUGUST 31, 2022

Traditionally, if someone asked the “ sales & trading vs. investment banking ” question, the response was easy: “Do banking unless you really, really like trading and could not imagine doing anything else.”. but it’s still valuable for its hedging properties and low correlation with the rest of the market.

Banking 67

Banking Risk-free Rate Equity Start-ups 67

Musings on Markets

DECEMBER 21, 2022

Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023. The class starts with a question of what the end game should be for a business (profitability, value, social good?)

Corporate Finance 89

Corporate Finance Finance Start-ups Marketability 89

IVSC

MAY 16, 2023

As Chancellor of the Exchequer, he was in charge of the UK response to the financial crisis, creating a fiscal stimulus package to support the economy and ensuring that the banks could start lending into the economy again. Valuation acts a core pillar of financial reporting, corporate finance, investment analysis, and public policy decisions.

Corporate Finance 130

Corporate Finance Banking Finance Marketability 130

Benzinga

MAY 5, 2023

San Francisco, California, May 05, 2023 (GLOBE NEWSWIRE) -- US Capital Global is pleased to announce the launch of its newly formed Mergers and Acquisitions (M&A) division , headed by investment banking veterans Jeffrey Sweeney (Chairman and CEO), Charles Towle (COO and Managing Partner), Mitchell R.

Corporate Finance 40

Corporate Finance Finance Marketability Banking 40

Benzinga

JULY 1, 2022

(NYSE: SF ) today announced the completion of its acquisition of ACXIT Capital Partners, a leading independent corporate finance and financial advisory firm serving European middle-market clients and entrepreneurs. This is an exciting day for ACXIT, our employees, and our clients," said Johannes H.

Corporate Finance 40

Corporate Finance Banking Finance Marketability 40

Mckinsey and Company

OCTOBER 11, 2022

Central banks sustain aggressive policy tightening; industrial activity picks up in emerging economies; financial-markets uncertainty works to strengthen the dollar.

Banking 109

Banking Marketability Corporate Finance Finance 109

Benzinga

JUNE 7, 2022

NYSE: SF ) today announced it has signed a definitive agreement to acquire ACXIT Capital Partners, a leading independent corporate finance and financial advisory firm serving European middle-market clients and entrepreneurs. LOUIS and FRANKFURT, Germany, June 07, 2022 (GLOBE NEWSWIRE) -- Stifel Financial Corp.

Corporate Finance 40

Corporate Finance Banking Finance Marketability 40

Reynolds Holding

MAY 11, 2023

Credit Suisse (CS) was sold to UBS on March 19, 2023, to avoid its further deterioration from long-lasting distress and widespread distrust, especially after the collapse of Silicon Valley Bank. Accounting values are clearly imperfect, but they are the metric that matters for determining bank insolvency. We disagree with both points.

Banking 59

Banking Equity Book Value Treasury 59

Reynolds Holding

APRIL 7, 2022

A desire to maintain a reputation as a non-aggressive lender or conflicts of interests can lead banks to overlook some self-dealing practices. Why, for example, where shareholder protections are weak, do companies raise funds through the equity markets and public investors subscribe to those shares? 2008 ; Nini et al.

Banking 83

Banking Finance Equity Compliance 83

Brian DeChesare

MARCH 27, 2024

If you go by most online discussions, investment banking spring weeks in the U.K. are as essential as oxygen or high grades if you want to work at a large bank. Unfortunately, there’s a lot of “group think” here, driven by endless forum threads and student groups over-hyping and over-marketing the concept.

Banking 95

Banking Start-ups Finance Corporate Finance 95

Brian DeChesare

MARCH 8, 2023

But a few related areas, such as commodity desks at banks, commodity trading advisors (CTAs), and physical commodity trading shops could put up a good fight for that “most cyclical” title. Commodity trading desks within sales & trading at the large banks.

Finance 110

Finance Start-ups Banking Alpha 110

Accountancy Today

JULY 11, 2022

headroom within its banking facilities which it said was “in line with the board’s expectations”. headroom within its banking facilities, in line with the board’s expectations. . It stated: “As set out in our May trading update, the group continues to focus on improving profitability, cash generation and liquidity headroom.

Net Debt 91

Net Debt Accounting Firms Banking Marketability 91

IT Valuations

DECEMBER 21, 2021

To get this knowledge, we recommend taking free (or paid) courses from the Corporate Finance Institute (CFI). At the end of the day, the most important reason to invest in improving your understanding of financials is that they illustrate and help drive your value.

Corporate Finance 40

Corporate Finance Start-ups Business Valuation Finance 40

Brian DeChesare

APRIL 20, 2022

A long time ago, it didn’t matter that much if you applied for summer internships at the large banks but failed to win a single offer. When someone says they “didn’t get any internship offers,” typically they mean: They were recruiting for investment banking internships after their 3 rd year of university or their 1 st year of an MBA program.

Banking 115

Banking Corporate Finance Finance Start-ups 115

Brian DeChesare

FEBRUARY 22, 2023

Sell-Side Definition: In the finance industry, “buy-side firms” raise money from institutions and wealthy individuals and invest on their behalf, profiting from management fees, performance fees, or both; “sell-side firms” earn money from commissions charged to facilitate deals and to sell, market, and trade equity, debt, and other securities.

Finance 128

Finance Marketability Banking Corporate Finance 128

Musings on Markets

DECEMBER 15, 2021

During my teaching lifetime, I have taught a wide swath of classes, ranging from banking to equity instruments, but in the last twenty years, my focus has been on three classes, c orporate finance, valuation and investment philosophies , with the last one taught only online. The place to start is with accounting.

Corporate Finance 56

Corporate Finance Finance Start-ups Technology 56

Reynolds Holding

MAY 18, 2022

The Gold Standard of Capital Markets. These statutes created requirements and regulations around disclosure, registration, exchanges, and broker-dealers, and established the SEC to oversee the markets. laws became the gold standard for capital markets around the world. More retail investors than ever are accessing our markets.

Marketability 59

Marketability Finance Corporate Finance Technology 59

Valutico

JUNE 13, 2023

Comparable Company Analysis – Pros and Cons Comparable company analysis (CCA) is a popular approach to valuing a company, especially in accounting, M&A, investment banking and corporate finance fields. Valutico has more than 3TB of market-leading comparable company data covering almost every country.

Comparable Company Analysis 52

Comparable Company Analysis Discounted Cash Flow Precedent Transaction Analysis Private Equity Firm 52