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Best Investment Banking Books

In Corporate and Investment Banking by Gaurav SharmaUpdated On:

This is the list of best reference books that will help you boost your career in investment banking. They each focus on one specific area like fixed income or M&A and so on, but you won’t lose anything by going through all of them. Note: This is a list of technical/ reference books. If you are looking for real-world finance …

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Finance Careers – Investment Banking

In Career Guides, Corporate and Investment Banking by Gaurav SharmaUpdated On:

What is Investment Banking? Investment Banking is mostly an advisory function where banks help their corporate clients with raising debt or equity, and with mergers, acquisitions, restructuring, leveraged finance etc. Investment Banking is typically part of a bank’s corporate or wholesale banking division, at least for the larger full-service banks. Investment Banking teams may be divided into several categories as …

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Finance Careers – Corporate Banking

In Career Guides, Corporate and Investment Banking by Gaurav SharmaUpdated On:

What is Corporate Banking? Corporate Banking is the sale and subsequent servicing of banking products and services to large corporations. Large companies require services like mergers and acquisitions, capital market access, trade finance, supply chain finance, liquidity management, hedging and risk management and so on. These are the products that corporate banking divisions deliver to their clients. Corporate Banking is …

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Top Investment Banking Interview Questions (with Answers)

In Corporate and Investment Banking by Gaurav SharmaUpdated On:

Investment Banking interview questions broadly come in two flavors: Behavioral, Personality and Fit Questions Technical Questions that include modelling, logical reasoning, finance concepts, etc. The behavioral questions are, in fact, common across all front-end finance roles so we will cover them all here. Technical questions are more role-specific and are covered in their individual categories (like Debt Capital Markets, M&A, …

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Finance Careers – Sales & Trading

In Career Guides, Corporate and Investment Banking by Gaurav SharmaUpdated On:

What is Sales & Trading? The Sales & Trading (S&T) division at a bank is responsible for market-making and executing equity, fixed income, derivatives, commodity and other such trades on behalf of clients. Let’s break that statement down: Sales and Trading: There are two very different roles that work very closely. The sales team is responsible for conveying information to …

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Banking Careers – Mergers & Acquisitions (M&A)  

In Career Guides, Corporate and Investment Banking by Gaurav SharmaUpdated On:

Understanding M&A The M&A team is a product group within the investment banking divisions of financial institutions responsible for assisting clients with corporate mergers or acquisitions. When a company decides to merge with another business, there is a lot of work involved in terms of structuring and pricing the deal as well as various other due diligence tasks. Banks have …

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Finance Careers – Equity Capital Markets (ECM)

In Career Guides, Corporate and Investment Banking by Gaurav SharmaUpdated On:

What is Equity Capital Markets (ECM)? The Equity Capital Markets team advises clients on the issuance of equity or equity linked products and assists in the execution and syndication of such an issuance. Equity issuance can take the form of Initial Public Offerings (IPOs), follow-on offerings (FPOs), private placements, convertible bonds and so on. There are multiple roles within ECM …

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Finance Careers – Debt Capital Markets (DCM)

In Career Guides, Corporate and Investment Banking by Gaurav SharmaUpdated On:

Understanding Debt Capital Markets (DCM) Debt and Equity are the primary sources of capital for corporations. Debt is cheaper and interest payments are tax deductible which makes it an attractive option (when used in moderation) to fund business activities. Which is why corporations of all sizes, even the cash rich ones, usually have a debt component on their balance sheets. …

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Banking Careers – Project Finance

In Career Guides, Corporate and Investment Banking by Gaurav SharmaUpdated On:

Project finance is an exciting and challenging career that offers an opportunity to young professionals to develop the analytical and quantitative skills necessary to excel in banking. With a healthy work life balance and lucrative pay packages, project finance exists right smack in the middle of the goldilocks zone for most young professionals. What is Project Finance? Project finance is …

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Banking Careers – Supply Chain Finance

In Career Guides, Corporate and Investment Banking by Gaurav SharmaUpdated On:

Supply Chain Finance (SCF) allows companies to optimally leverage their vendor and distributor networks. Done correctly, it means reduced cash conversion cycles and lower costs of borrowing for clients. While from the banks’ perspective, it means yet another revenue stream as well as the opportunity to build relationships with new clients across the world. Although SCF is often considered a …

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Banking Careers – Leveraged Finance (LevFin)

In Career Guides, Corporate and Investment Banking by Gaurav SharmaUpdated On:

What is Leveraged Finance? Leveraged Finance is essentially the use of high levels of debt for financing strategic corporate actions. These actions could be things like acquisitions, share repurchases, recapitalisations, capex and so on. Leveraged financing differs from normal financing in the sense that the amount of debt is dis-proportionality large as a fraction of the total funding which includes …

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Banking Careers – International Trade Finance

In Career Guides, Corporate and Investment Banking by Gaurav SharmaUpdated On:

What is Trade Finance? Trade Finance is the combination of products and services used by corporations to facilitate and finance international exports and imports of goods and services. Banks providing trade finance services act as intermediaries between buyers and sellers, ensuring timely payments and providing performance guarantees. Trade finance essentially has two components to it: Firstly, the idea is to …

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Finance Careers – Relationship Management/ Client Coverage

In Career Guides, Corporate and Investment Banking by Gaurav SharmaUpdated On:

Relationship Managers form the backbone of any Corporate Banking institution. They are the absolute front end, the tip-of-the-spear of the Bank and the main contact points with the entire client base. There are a few different terminologies used for these roles – the coverage team, Relationship Managers (RMs) and sometimes just sales team – but they all refer to the …

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Banking Careers – Compliance

In Career Guides, Corporate and Investment Banking by Gaurav SharmaUpdated On:

Compliance officers and managers are the closest thing a bank has to in-house law enforcement. Banks spend tens of billions of dollars each year on regulatory compliance and ensuring that they are following all the banking guidelines. This is precisely where the compliance department comes in. Ever since the 2008 financial crisis, compliance has undoubtedly become one of the most …

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Finance Careers – Credit Analyst

In Career Guides, Corporate and Investment Banking by Gaurav SharmaUpdated On:

What is a Credit Analyst? A Credit Analyst is a financial professional who assess the credit-worthiness of a client (corporate or individual) based on financial or other relevant data. The objective of this analysis is to determine how much risk the bank can take on that particular client. Credit Analysts are the guardians to the vaults of a Bank. Their …