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Steven Conville Report on Investment Banking

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A Review on investment banking. Investment Banks help companies and governments issue securities, help investors purchase securities, manage financial assets, trade securities and provide financial advice.

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Steven Conville Report on Investment Banking

  1. 1. Steven George Conville - Investment Banker contact@stevenconville.com A GENERAL IDEA ON INVESTMENT BANKING A Review on investment banking. Investment Banks help companies and governments issue securities, help investors purchase securities, manage financial assets, trade securities and provide financial advice.
  2. 2. INVESTMENT BANKING - FUNCTION  Investment Banking Function within a Investment Bank  also called “Corporate Finance”  Includes Advisory Services on M&A, Foreign Exchange, Valuation, Financial Strategy, Issuing Debt and Equity, etc  Client-driven industry  Separated from rest of bank by “Chinese Wall”
  3. 3. WHAT DO INVESTMENT BANKERS DO?  Represent Companies for Sale  Value Company (Financial Models)  Write Selling Memo  Conduct Due Diligence  Identify and Contact Buyers  Create Management Presentation  Negotiate with Buyers  Close Transaction
  4. 4. WHAT DO INVESTMENT BANKERS DO?  Represent Companies Buying Other Companies  Value Company (financial models)  Conduct Due Diligence  Draft terms and determine price offered  Negotiate with Seller
  5. 5. WHAT DO INVESTMENT BANKERS DO?  Represent Companies issuing debt or equity (Underwriting)  Value Company (financial models)  Write Prospectus (or other SEC filings)  Create Management Presentation  Take Company on Roadshow
  6. 6. ASSOCIATES ROLE  Essentially Responsible for EVERYTHING  Manage up (MDs, VPs) and down (Analysts) and outward (Clients)  Financial Modeling – Intricate (LBOs, structuring) to mundane (comps)   Writing/Presentations – Selling memos, management presentations, commitment memos, Roadshows   Word and Powerpoint Experts Putting Pitches together   Excel Experts All of the above (and including binding, copying page counting) Research
  7. 7. ASSOCIATES ROLE  Key Skill Area Requirements skills: High  Sales skills: Medium  Communication skills: High  Analytical skills: High  Ability to synthesize: High  Creative ability: High/Low  Initiative: High/Medium  Work hours: 80-120/week  People
  8. 8. PROS AND CONS  Pros  “Doing Deals”  Fast paced/Intellectually Driven Environment  Meeting CEOs and CFOs  $$$  Skills  Cons  Hours, Hours, Hours  Work can be monotonous  Job security/Economic Environment  Strong Personalities

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