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.

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. 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. 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. 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. 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. 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. 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. 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