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. What should I do with my life if I’m too old for banking?”. Do I have any chance if I’m above the age of X?

Banking 98

Banking Start-ups Finance Private Equity Firm 98

Reynolds Holding

SEPTEMBER 14, 2023

As controlled companies have a lower weight in the index because the STOXX 50 index is weighted by the free float market capitalisation of companies, the size of the shareholdings of the Big Three – BlackRock, Vanguard, State Street – is smaller in companies with a controlling shareholder. In terms of nationality, the blocks held by top U.S.

Banking 64

Banking Finance Equity Marketability 64

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

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 98

Banking Start-ups Equity Marketability 98

Internal Audit 360

MAY 11, 2022

It’s an easy-to-read business book full of forward-looking non-conventional ideas on managing, motivating, and compensating people, among other topics. ” Boldness (35 percent) : A close second, boldness was also a big regret internal auditors shared as part of the survey. F- that, I don’t regret anything.

Start-ups 98

Start-ups Banking 98

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? You could argue this either way, but the short answer is yes , public finance still counts as investment banking. more limited exit opportunities).

Finance 66

Finance Banking Equity Marketability 66

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

Reynolds Holding

APRIL 18, 2022

Additionally, the Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra stated that the CFPB may revise the bank merger guidelines to scrutinize more closely the effects of large banking consolidations on competition and financial stability. Continued agency focus on “Big Tech” and labor markets.

Marketability 56

Marketability Technology Banking 56

ThomsonReuters

JANUARY 3, 2022

A bank or other lender pays your supplier earlier than it would normally be paid, at a slight discount; . The SEC warned in CF Disclosure Guidance: Topic No. In the Topic 9A Guidance, for example, SEC Staff noted that?many Understanding the supply-chain finance process. In general, the financing arrangement is one where: .

Finance 98

Finance Compliance Banking 98

Reynolds Holding

NOVEMBER 28, 2022

Policy discourse on this topic has centered around which – rather than whether – financial regulators should be in charge of crypto trading. SIPC-type protections (and FDIC-like protections where banks were involved) would ensure that investors would not lose their coins or cash if their providers failed.

Finance 145

Finance Banking Marketability Treasury 145

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

Reynolds Holding

NOVEMBER 26, 2023

Sustainable investing is becoming a hot topic in financial economics. On the one hand, divestment campaigns try to influence key stakeholders that have an influence on this field, including policymakers, banks, and pension funds. The goal of divestment campaigns is to shape the fields in which oil and gas companies operate.

Marketability 52

Marketability Market Capitalization Banking 52

Brian DeChesare

AUGUST 16, 2023

As with investment banking in Hong Kong , I can summarize private equity in China in one sentence: “If you’re not Chinese, don’t even think about it, and even if you are Chinese, it’s best if you have great connections within the CCP and want to stay in China long-term.” is better for domestic funds. for a few years.

Equity 82

Equity Banking Start-ups Private Equity Firm 82

Musings on Markets

DECEMBER 21, 2022

If your query is why I would continue to teach rather than seek out more lucrative careers in investing or banking, my answer is a simple one. It is ironic, and perhaps telling, that our understanding of statistics seems to have hit rock bottom in the age of big data.

Corporate Finance 89

Corporate Finance Finance Start-ups Marketability 89

Equidam

JUNE 8, 2023

When we started, in 2012, valuation was a hot topic in the fundraising process and venture capital was not as easy to come by. Ideas too risky for a bank loan, for cash flow financing, or traditional investors. To take big risks, in the pursuit of great returns. The purpose of venture capital is to back outliers.

Start-ups 77

Start-ups Finance Equity Marketability 77

Equidam

AUGUST 11, 2022

We are not going to cover everything about projections in this article, if you are new to the topic, check out: Startup projections – how to start. We still don’t know how to make them or who will buy them but we are confident in a big market with large growth. 7 steps to solidify your startup’s financial projections.

Start-ups 85

Start-ups Banking Marketability 85

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. The large banks think they might return to the office “eventually.”. The challenge is that the conditions in investment banking are awful for staying fit. After all, what’s different?

Banking 59

Banking Start-ups 59

Reynolds Holding

AUGUST 17, 2022

7] Based on its proprietary algorithm, Hello Digit initiates automatic electronic-fund transfers—so-called “autosaves”—to move money from the consumer’s checking account to an interest-bearing account held in Hello Digit’s name at a third-party bank. million penalty, and undertake various remedial measures. ENDNOTES. [1] 5481(26)(B). [3]

Finance 45

Finance Marketability Technology Banking 45

Brian DeChesare

NOVEMBER 16, 2022

The direct impact on fields like investment banking and private equity is limited-to-nonexistent, but if you’re interested in industries like sales & trading or venture capital , there will be some spillover: The FTX Bankruptcy: What Happened? 3) FinTech and VC Firms Will Also Take a Big Hit.

Start-ups 52

Start-ups Banking Finance Technology 52

Brian DeChesare

SEPTEMBER 20, 2023

In some ways, prep for VC interviews is easier because you don’t have to learn or memorize many technical topics, but in some ways, it’s harder since you have to do lots of firm-specific research. Categories of Venture Capital Interview Questions I would split VC interview questions into 6 main categories.

Start-ups 59

Start-ups Equity Marketability Terminal Value 59

Brian DeChesare

MARCH 9, 2022

In fields such as investment banking and private equity , “ Partners ” or “ Managing Directors ” are typically at the top of the hierarchy. On average, VC Partners earn less than MDs in investment banking, Partners in private equity, and hedge fund portfolio managers. Venture Capital Partner Salary, Bonus, and Carried Interest Levels.

Finance 83

Finance Start-ups Equity Marketability 83

Musings on Markets

MAY 6, 2022

Clearly, we are not in one of those time periods, as markets approach bipolar territory, with big moves up and down. Since 2020, though, inflation has become a key story line in almost every post that I write about the overall market, and I have had multiple posts just on the topic.

Risk Premium 92

Risk Premium Treasury Start-ups Equity 92

Musings on Markets

JULY 13, 2022

In my last post, I noted that concerns about inflation have played a big role in pushing up the US ten-year treasury bond rate from 1.51% on Jan 1, 2022, to 3.02% on June 30, 2022. lived under full democracy, in 2021, with large differences across regions.

Risk Premium 81

Risk Premium Risk-free Rate Start-ups Equity 81

Reynolds Holding

APRIL 18, 2024

For example, the SEC charged a Deutsche Bank subsidiary with making materially misleading statements about its supposed ESG-related investment products. [10] One firm claimed it used it to analyze client data and predict which companies were going to “make it big.” [11] 11] The other claimed it provided “expert AI-driven forecasts.” [12]

Compliance 45

Compliance Technology Start-ups Marketability 45

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. Tech / healthcare?

Banking 97

Banking Start-ups Finance Marketability 97

Brian DeChesare

AUGUST 24, 2022

A long time ago, the investment banking weekend trip was a rite of passage. If you came across as personable and knowledgeable in these meetings, you would gain an advantage in winning interviews and job offers – and you might even get to visit the bank’s office briefly. The Step-by-Step Process for Investment Banking Weekend Trips.

Banking 96

Banking Start-ups 96

Appraiser Newsroom

APRIL 28, 2024

Included among the speakers were conference chair Sherrie Lisa Galderisi who opened the conference on both days, welcoming attendees and giving a brief overview of topics covered during the sessions. A big thank you to Rob Luciani and his accompaniment, Margaret, for donating their time and playing live music during the dinner.

Appraisal 52

Appraisal Banking 52

Brian DeChesare

FEBRUARY 28, 2024

For the right person, though, fixed income research can be even better than equity research, whether you’re at a bank, an asset management firm, a hedge fund, or a credit rating agency: Table of Contents: What is Fixed Income Research? Also, it can be quantitative or fundamental – or both! . – A few examples: Markets: What’s the 10-year U.S.

Equity 59

Equity Banking Start-ups Finance 59

Brian DeChesare

FEBRUARY 22, 2023

With other topics – such as “ target schools ” or “ elite boutiques ” – few people use the terms in-person. The best example of a sell-side firm is an investment bank across most industry and product groups , such as healthcare , technology , and M&A. see below).

Finance 129

Finance Marketability Banking Corporate Finance 129

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. A long time ago, hardly anyone knew about search funds or search fund internships.

Banking 52

Banking Equity Start-ups Private Equity Firm 52

Brian DeChesare

MAY 17, 2023

And just as tech and TMT investment banking have become the most desirable groups on the sell-side, tech private equity has reached a similar status on the buy-side. So, as central banks kept printing, PE firms, VCs, and other investors kept benefiting as they could buy companies at nosebleed multiples and sell them at even higher multiples.

Equity 64

Equity Technology Private Equity Firm Start-ups 64

Musings on Markets

JUNE 9, 2021

During the last decade, as that process revealed its weaknesses, many have questioned whether the services provided by banks merited the fees that they earned. The Choices The process that a private company follows to go public, for the last few decades, has been built around bankers as intermediaries.

Start-ups 52

Start-ups Marketability Banking Corporate Finance 52

Musings on Markets

JANUARY 29, 2021

That pact has been shattered by a combination of arrogance on the part of experts and catastrophic policy failures, with the 2008 banking crisis acting as a wake up call. I can attest to that from just my personal experiences, especially when I post on what I call "third rail" topics, specifically Tesla and Bitcoin, in the last few years.

Start-ups 52

Start-ups Marketability Banking Finance 52

Musings on Markets

OCTOBER 19, 2021

The second is that these disclosures have become less readable and more difficult to navigate, partly because they are so bulky, and partly because disclosures with big consequences are mingled with disclosure with small or even no consequences, often leaving it up to investors to determine which ones matter.

Start-ups 70

Start-ups Banking Marketability Technology 70

ThomsonReuters

JANUARY 29, 2024

Jump to: The big picture Why this issue matters Understanding ESG auditing The big picture Climate change can be a tricky topic to discuss, but there’s no doubt that a great many businesses are having to discuss and account for climate risk.

Start-ups 52

Start-ups Treasury Technology Banking 52

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 you’re doing a PE internship or a PE Analyst program , you already know the most likely path: work at a bank and then move back into PE. Wait, How Are These Different from Investment Banking Exit Opportunities?

Equity 95

Equity Banking Start-ups Marketability 95

Reynolds Holding

DECEMBER 20, 2022

Bank Ltd. [1] 8] In the case of the federal securities laws, the facts of Morrison show that the mere sending of mail by the defendant National Australia Bank into the U.S. Finally, the government has one big discretionary decision still to make: what to do with Caroline Ellison? But that is a topic for a different column.

Banking 111

Banking Marketability 111