Musings on Markets

JANUARY 11, 2024

By 1986, though, it was showing its age, more a collection of topics about institutions and types of securities, than a cohesive class. I balked at teaching this motley collection of topics and wanted to teach a class on valuation, but I was told that there was not enough stuff in valuation to fill a class.

Corporate Finance 128

Corporate Finance Finance Start-ups Dividends 128

Musings on Markets

JUNE 9, 2021

The company files a prospectus, providing prospective investors with information about its business model and financials, and hires an investment banker or bankers to manage the issuance process. While banker-led IPOs will not disappear, you can see why the search is on for alternatives. Going Public?

Start-ups 52

Start-ups Marketability Banking Corporate Finance 52

Cooley M&A

DECEMBER 14, 2020

The group covered a wide range of topics during the 90-minute session, including three key themes highlighted below. The bankers on the panel shared the belief that the quality of SPAC sponsors has increased as private equity firms, successful dealmakers and well-regarded VC investors launching their own SPACs.

Private Equity Firm 52

Private Equity Firm Equity Marketability Banking 52

Brian DeChesare

AUGUST 24, 2022

You would schedule a few days in a major financial center, such as New York, London, or Hong Kong, and you’d aim to meet a dozen or two bankers in that short period. Ideally, you would have spoken with these bankers on the phone first to get better response rates.

Banking 87

Banking Start-ups 87

Reynolds Holding

OCTOBER 19, 2023

Thus far, however, little has been written about the gamification of banking – the topic of our recent article. [3] BANKER, Dec. In fact, the Securities Exchange Commission is soliciting comments on a proposed rule that would regulate this phenomenon. [2] FINANCE (July 28, 2017) , [link]. [15] 15, 2022) [link]. [16] 21, 2022, [link].

Banking 72

Banking B2B Finance Technology 72

Brian DeChesare

MAY 11, 2022

There are few topics as heated as age and investment banking. But unlike other controversial topics – crypto, the CFA, or social media censorship – this one rarely generates long-running online arguments. Most new hires join at the entry level, and for levels above that, they hire experienced bankers from other firms.

Banking 98

Banking Start-ups Finance Private Equity Firm 98

Musings on Markets

DECEMBER 21, 2022

In a world where specialization is the norm, this does put me at a bit of a disadvantage, since there are many who know a great deal more about almost any topic that I choose to talk about, but I do think that it gives me a big-picture perspective that helps me find answers.

Corporate Finance 89

Corporate Finance Finance Start-ups Marketability 89

Brian DeChesare

NOVEMBER 22, 2023

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. Older bankers might still think DB is a bulge bracket, but I would put it in the “borderline” category as of 2024. It also tends to work on smaller deals than the top ~5 banks.

Banking 97

Banking Start-ups Finance Equity 97

Brian DeChesare

MARCH 2, 2022

Unfortunately, this topic is tricky to discuss because “off-cycle” means something different in Europe vs. the U.S. You’ll still spend a good chunk of time on the process, but you will not need to know technical topics in the same depth. vs. elsewhere, and it also differs at different types of banks.

Banking 59

Banking Start-ups Finance Equity 59

Brian DeChesare

JANUARY 13, 2022

If you’ve been reading this site for a long time, you probably thought that I’d never return to the topic of investment banking fitness. Banks have “kind of” made junior bankers’ lives easier with measures like protected weekends, more time off, increased compensation, and other perks. After all, what’s different?

Banking 59

Banking Start-ups 59

Brian DeChesare

AUGUST 3, 2022

But this topic never seems to die, so I will give you the short version first and then dig into the details of how to switch banks, groups, or locations after an internship: Why is the Post-Internship Switch Difficult? Unfortunately, switching banks, groups, or locations after your internship is much easier said than done.

Banking 77

Banking Start-ups Enterprise Value Marketability 77

Brian DeChesare

MARCH 9, 2022

Ask tech and healthcare bankers and many entrepreneurs what they really want, and they’ll often cite venture capital as their long-term goal. These industries have been around for decades, so they’re not the most exciting topics for you. Or, more specifically, they want to become Venture Capital Partners.

Finance 83

Finance Start-ups Equity Marketability 83

Brian DeChesare

AUGUST 23, 2023

There are ~5 main reasons why you might not have received a return offer: Poor Soft Skills – For example, maybe you made off-color comments, didn’t dress appropriately, or didn’t communicate effectively with full-time bankers. Similar topics will come up even if you target off-cycle or summer internships.

Banking 52

Banking Start-ups Finance Marketability 52

Musings on Markets

SEPTEMBER 14, 2021

In the year since, I have heard from many on the topic, and while there are some who agreed with me on the internal inconsistencies in its arguments, there were quite a few who disagreed with me.

Start-ups 99

Start-ups Marketability Firm Value 99

Brian DeChesare

JULY 26, 2023

But over the years, they morphed into a well-known topic and then a commonly derided topic – as many people argue that search fund experience is worthless, while others claim it’s “just as good” as working in banking or private equity. Do you plan to use business brokers or investment bankers in your search process?

Banking 52

Banking Equity Start-ups Private Equity Firm 52

Harvard Corporate Governance

DECEMBER 7, 2022

We urge boards to talk with their lawyers, bankers, and firms like Russell Reynolds to understand the implications of these newly converging forces. We also expect to see an even greater increase in shareholder proposals on a wide range of governance topics. climate and sustainability) as well as economic activists (e.g.,

250

250

Reynolds Holding

DECEMBER 10, 2023

Those boards that have unwittingly allowed their companies advisors and bankers to help sell them these highlighted products are being found wanting. Seigne and Osterrieder have written extensively on this topic, most papers are published on SSRN, the foundation paper being “ The Great Deception ”. [5]

Dividends 45

Dividends Total Shareholder Return Corporate Finance Finance 45

Appraiser Newsroom

JULY 9, 2023

He is also a nationally recognized presenter and author on these topics. Mr. Johnson is a board member of the Corporate Finance Certificate Program at Texas A&M University and has been published on a wide range of valuation topics in several accounting, business, finance and valuation publications and bar journals.

Intangible Assets 40

Intangible Assets Business Valuation Appraisal Finance 40

Brian DeChesare

FEBRUARY 22, 2023

With other topics – such as “ target schools ” or “ elite boutiques ” – few people use the terms in-person. But everyone from headhunters to bankers to interviewers uses the terms “buy-side” and “sell-side,” and most people put themselves in one category or the other. The buy-side vs. sell-side categories also make a difference here.

Finance 125

Finance Marketability Banking Corporate Finance 125

Brian DeChesare

JUNE 22, 2022

I published an article on this topic of investment banking in New York vs. Chicago vs. San Francisco vs. Los Angeles vs. Houston vs. other cities a long time ago – but a fair amount has changed since then: Remote / hybrid work means that some of the advantages and disadvantages of different cities are more nebulous.

Banking 89

Banking Start-ups Finance Marketability 89

Brian DeChesare

APRIL 6, 2022

Consumer Retail Investment Banking Definition: In consumer retail IB, bankers advise companies in the consumer staples, consumer discretionary, and retail industries on raising debt and equity and completing mergers, acquisitions, and restructuring/bankruptcy deals.

Banking 96

Banking Start-ups Equity Marketability 96

Musings on Markets

JULY 14, 2021

Cater to your audience : Company disclose data to multiple groups, to governments to meet regulatory requirements and for taxes, to consumers about the goods and services they they sell, to their bankers about loan obligations due and to shareholders about their overeat financial performance.

Start-ups 52

Start-ups Marketability 52

Reynolds Holding

JULY 26, 2023

Today’s rule, by contrast, reads like a test run for future overly prescriptive, overly costly disclosure rules covering a never-ending list of hot topics. ENDNOTES [1] Release at 5 (citing CF Disclosure Guidance: Topic No. At least one commenter suggested a two-year compliance period, but we are requiring same-year compliance. [45]

Compliance 40

Compliance Corporate Finance Finance Marketability 40

Brian DeChesare

OCTOBER 12, 2022

We have detailed articles on all these topics (click the links), so I don’t want to waste time re-explaining them. MD-level bankers who might have some investing experience (e.g., Of course, relationships with bankers and brokers help, but what edge do you have over other PE firms that also look at banker-led auctions?

Private Equity Firm 59

Private Equity Firm Equity Start-ups Marketability 59

Brian DeChesare

FEBRUARY 28, 2024

Fixed Income Interview Questions and Case Studies To get an idea of interview questions, please review the articles on corporate banking , credit hedge funds , and distressed debt hedge funds because the topics covered are similar. A few examples: Markets: What’s the 10-year U.S. Treasury yield at? What about gilts (U.K.),

Equity 59

Equity Banking Start-ups Finance 59

Brian DeChesare

AUGUST 10, 2022

You do not need to be an “expert” in the technical details of oil & gas, but you should know the following topics: The different verticals and how the business models, drivers, and risk factors differ. These groups don’t want to hire bankers only to have them run off to Toronto or New York after 1-2 years.

Banking 82

Banking EBITDA Dividends Equity 82

Brian DeChesare

APRIL 12, 2023

candidates memorize obscure technical questions, and interviewers ask about these topics and dig in until they find something the interviewee can’t answer. You’re also more likely to speak to senior bankers than in the first rounds. An AC is broader than the typical Superday in the U.S. At some banks and groups in the U.S.,

Banking 64

Banking Equity Start-ups Enterprise Value 64

Brian DeChesare

NOVEMBER 30, 2022

Your first thoughts reading this article might be, “Wait a minute, why are ‘private equity exit opportunities’ a topic? If that’s you, it’s better to be a great banker than a mediocre or bad PE professional. Who would ever leave this industry? And what could be better?”. Good questions.

Equity 84

Equity Banking Start-ups Marketability 84

Musings on Markets

OCTOBER 6, 2023

A more tangible way to see why intangibles have become a hot topic of discussion is to look at the evolution of the top ten companies in the world, in market capitalization, over time: In 1980, IBM was the largest market cap company in the world, but eight of the top ten companies were oil or manufacturing companies.

Intangible Assets 104

Intangible Assets Book Value Equity Start-ups 104

Brian DeChesare

APRIL 19, 2023

If you have an engineering background, you might get hired for your ability to read and interpret technical analyses such as feasibility reports and help bankers incorporate them into financial model assumptions. But at least you’ll get to make the world a better place – if you forget about those child laborers in the Congo.

Banking 52

Banking Start-ups Private Equity Firm Equity 52

Reynolds Holding

JULY 27, 2022

I would like to address three topics: first, I will touch on three areas of particular interest to our Division; second, I’ll mention two specific developments confronting the investment management industry in the coming months; and, third, I’ll focus on one of our largest projects and a topic of recurring interest, money market funds. * * *.

Banking 45

Banking Marketability Finance Corporate Finance 45