Investment Banking BBA Career Management Center Online Workshops
Function of Investment Banks <ul><li>Capital raising/ underwriting </li></ul><ul><li>Financial advice and execution </li><...
Investment Banking Division
Overview of Morgan Stanley
<ul><li>Most corporate finance analysts work with an industry or regional coverage group: </li></ul><ul><ul><li>Focus on s...
Hiring Process for Analysts <ul><li>Review resumes </li></ul><ul><li>Screening interviews on campus </li></ul><ul><li>Call...
What Makes a Good Analyst Candidate? <ul><li>Skills </li></ul><ul><li>Intelligence </li></ul><ul><li>Ability to learn quic...
Sales & Trading <ul><li>Disseminate the Firm’s strategy and research products to institutional clients (investment manager...
Merchant Banking Division <ul><li>Identify investment opportunities </li></ul><ul><li>Work on the analysis and evaluation ...
Equity Capital Markets <ul><li>Analyze equity market conditions for corporate issuers </li></ul><ul><li>Determine feasibil...
Client Services Group <ul><li>Execute equity and debt transactions originated in all industry-specific corporate finance c...
Real Estate <ul><li>Provide a variety of investment banking services with real estate as the underlying asset </li></ul><u...
Mergers & Acquisitions <ul><li>Perform quantitative and qualitative analyses in order to evaluate and recommend various fi...
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Goizueta Business School BBA Career Management Center

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Goizueta Business School BBA Career Management Center

  1. 1. Investment Banking BBA Career Management Center Online Workshops
  2. 2. Function of Investment Banks <ul><li>Capital raising/ underwriting </li></ul><ul><li>Financial advice and execution </li></ul><ul><li>Sales and trading </li></ul><ul><li>Principal activities </li></ul>
  3. 3. Investment Banking Division
  4. 4. Overview of Morgan Stanley
  5. 5. <ul><li>Most corporate finance analysts work with an industry or regional coverage group: </li></ul><ul><ul><li>Focus on specific industry(ies) or region(s) </li></ul></ul><ul><ul><li>Market and sell a company’s products </li></ul></ul><ul><ul><li>Analyze potential advisory and transactional assignments for clients </li></ul></ul>What Does an Analyst Do? Corporate Finance
  6. 6. Hiring Process for Analysts <ul><li>Review resumes </li></ul><ul><li>Screening interviews on campus </li></ul><ul><li>Call-backs on campus </li></ul><ul><li>Full-day session in New York </li></ul><ul><li>Offers extended </li></ul><ul><li>Optional selling day </li></ul>
  7. 7. What Makes a Good Analyst Candidate? <ul><li>Skills </li></ul><ul><li>Intelligence </li></ul><ul><li>Ability to learn quickly </li></ul><ul><li>Analytical ability </li></ul><ul><li>Precision and accuracy in work </li></ul><ul><li>Strong interpersonal skills </li></ul><ul><li>Creativity </li></ul><ul><li>Personality </li></ul><ul><li>Energetic, hardworking </li></ul><ul><li>Outgoing, personable </li></ul><ul><li>Self-motivated, tenacious </li></ul><ul><li>Reliable </li></ul><ul><li>Mature, committed </li></ul>
  8. 8. Sales & Trading <ul><li>Disseminate the Firm’s strategy and research products to institutional clients (investment managers, mutual funds, banks, insurance companies, state and local pension funds, corporate funds, endowment funds/foundation funds, hedge funds) </li></ul><ul><li>Provide actionable investment ideas to analysts and portfolio managers at client firms </li></ul><ul><li>Market IPOs and secondary offerings to providers of capital </li></ul><ul><li>Provide feedback to capital markets and corporate finance divisions on market dynamics, investor concerns and deal pricing </li></ul><ul><li>Develop and nurture relationships at all levels of client organizations </li></ul><ul><li>Assist in penetration of major accounts to enhance relationships at all levels of the organization </li></ul>
  9. 9. Merchant Banking Division <ul><li>Identify investment opportunities </li></ul><ul><li>Work on the analysis and evaluation of equity investments </li></ul><ul><li>Execute investment and financing transactions </li></ul><ul><li>Monitor the performance of existing investments </li></ul><ul><li>Evaluate alternatives for lower financing costs and sale of existing investments </li></ul>
  10. 10. Equity Capital Markets <ul><li>Analyze equity market conditions for corporate issuers </li></ul><ul><li>Determine feasibility of equity offerings through: </li></ul><ul><ul><li>Liquidity analysis </li></ul></ul><ul><ul><li>Balance sheet impact </li></ul></ul><ul><ul><li>Cost of capital analysis </li></ul></ul><ul><ul><li>Relative public market valuations </li></ul></ul><ul><li>Assist equity capital markets and corporate finance bankers to present corporate clients with strategic equity alternatives </li></ul><ul><li>Assess the quality of institutional and retail demand of equity offerings in order to effectively price transactions </li></ul>
  11. 11. Client Services Group <ul><li>Execute equity and debt transactions originated in all industry-specific corporate finance coverage groups </li></ul><ul><ul><li>Initial Public Offerings (IPO) </li></ul></ul><ul><ul><li>Follow-on Stock Offerings </li></ul></ul><ul><ul><li>Secondary Stock Offerings </li></ul></ul><ul><ul><li>Convertible Debt and Trust Convertible Preferred Stock Offerings </li></ul></ul><ul><ul><li>High-Yield Debt Offerings </li></ul></ul><ul><ul><li>Block Trade and Overnight transactions </li></ul></ul><ul><ul><li>-Financial Products (e.g., PEPS, PERCS) </li></ul></ul><ul><li>Work in close contact with Equity and Fixed Income Divisions </li></ul><ul><ul><li>Protect company through on-site operational and financial due diligence </li></ul></ul><ul><ul><li>For IPOs and high yield offerings, create valuation and cash flow models and earnings projections </li></ul></ul><ul><ul><li>Draft and file registration documents with SEC </li></ul></ul><ul><ul><li>Draft marketing prospectus (“Red Herring”) and final prospectus </li></ul></ul><ul><ul><li>Identify company-and industry-specific investment merits to develop marketing strategy to facilitate the sale of an issue </li></ul></ul><ul><ul><li>Prepare road show presentation for institutional asset managers and travel with clients to market the issue </li></ul></ul>
  12. 12. Real Estate <ul><li>Provide a variety of investment banking services with real estate as the underlying asset </li></ul><ul><li>Perform various financial analyses and valuations on real estate advisory, sellside, buyside, and financing for developers, institutions, and corporate clients </li></ul><ul><li>Identify and evaluate potential investment opportunities for the company </li></ul>
  13. 13. Mergers & Acquisitions <ul><li>Perform quantitative and qualitative analyses in order to evaluate and recommend various financial alternatives </li></ul><ul><li>Execute the following transactions </li></ul><ul><ul><li>Divestitures </li></ul></ul><ul><ul><li>Acquisitions </li></ul></ul><ul><ul><li>LBOs </li></ul></ul><ul><ul><li>Recapitalizations </li></ul></ul><ul><ul><li>Joint ventures </li></ul></ul><ul><li>Work in smaller M&A groups: </li></ul><ul><ul><li>Generalist Pool </li></ul></ul><ul><ul><li>Corporate Restructuring Group </li></ul></ul><ul><ul><li>Project Finance Group </li></ul></ul><ul><ul><li>Media/Telecom </li></ul></ul><ul><ul><li>Insurance/Non-bank Financials </li></ul></ul><ul><ul><li>Banks </li></ul></ul>

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