Investment Banking Insights

By popular demand... here are my top 10 recruiting resources for investment banking!

1. 400Q Guide

2. Investment Banking by Rosenbaum and Pearl

3. Financial Statements by Ittelson

4. Wall Street Journal

5. Morning Brew

6. Dale Carnegie

7. Toastmaster's International

8. Microsoft Excel

9. Perplexity AI

10. Notion AI

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Here's a refresher on the concept of working capital. But we don't just cover the concept today, we'll look at the formula and what it means. Specifically:

• Working capital cycle (aka the funding gap) = Receivable Days + Inventory Days - Payable Days

Thanks so much for supporting the show!

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Updates in the world of investment banking, regarding Wells Fargo's release from it's $1.95 trillion asset cap. Also, Ken Moelis steps down as CEO of Moelis & Co.

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Drew Pascarella is a seasoned investment banker and educator (including my professor!). Drew shares his journey from an IT role at Goldman Sachs to becoming a front-office investment banker at Citi, and eventually transitioning to teaching at Cornell University. 

We cover a lot of ground, including themes such as:

- the importance of networking and mentorship
- building your reputation throughout your career
- the evolving landscape of investment banking education

It was an honor to interview someone who played such a big role in my journey these past two years. So Drew - thank you for coming on the show!

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Series 63 exam results and differences from the SIE.

Also…I just graduated from business school!!!! 🙌🏽

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Most of the investment banking jobs in the United States are in New York...but what if you want to work somewhere else? Setting up your life in a physical location is a big decision that impacts your entire lifestyle. Today we cover how to tackle this interview question.

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Today we're sitting down with Pete Fraser, a former mechanical engineer who successfully pivoted to investment banking after his MBA at Cornell. Pete shares his journey from working in a steel mill in Gary, Indiana to landing a coveted position at Guggenheim in New York City.

We discuss:

•  The culture shock of MBA recruiting
• A cautionary tale about getting cut
• The "Zero Defects" philosophy
• The importance of having a champion on the inside
• ...and much more

Check out Pete's book Wall Street Dropout at https://streetdropout.com/

You can reach out to him at: [email protected]

Contact: [email protected]

Beta measures systematic risk...great to know, but what do we do with it? In today's episode we'll walk through how to un-lever and re-lever beta based on the capital structure of a target business that you're valuing (e.g. for a DCF analysis).

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How I did on the Securities Industry Essentials (SIE) exam and advice for you!

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What does beta mean in finance and what is it used for? A simple explanation.

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