Investment Banking Hierarchy – Analyst to Managing Director Investment Banking by Matt - June 29, 2016May 20, 20180 This site is primarily aimed at aspiring investment banking analyst and associates, although we appreciate that more tenured staff occasionally dabble in our contents. One aspect that is not well understood for most people outside of the industry, as well as people inside the industry, are the expectations that come
Hybrid Securities / Hybrid Debt / Subordinated Debt Debt Capital Markets by Matt - June 24, 2016February 12, 20200 Investment bankers like to toss around "hybrids" as a funding feature. Hybrids come with higher Debt Capital Markets issuance fees than straight bonds and are a great way to earn league table credit. Key things for Hybrids: Considered equity by rating agencies (otherwise pointless to pay more interest) Not dilutive to
Debt Refinancing Options for Issuers Debt Capital Markets Leveraged Finance Restructuring by Matt - June 23, 2016February 23, 20190 The finance world is awash with debt. Corporates and governments regularly issue debt in order to fund operations and capital initiatives. However, debt can often become a problem for many reasons. Many circumstances can cause a debtor or borrower difficulties in servicing debt. We will start from the more benign to the more
How Has Investment Banking Changed Over Time? Investment Banking by Matt - June 21, 2016May 21, 20180 We caveat that we did not work in investment banking 20 years ago, but have worked with plenty of veterans that survived a time now more rooted in folklore. Investment banking has evolved, like all other industries, for the better over time – although the absolute and relative pay has
Off-Cycle Investment Banking and Finance Recruiting Interviews by Matt - June 16, 2016March 3, 20180 Banks sporadically hire at the analyst and associate level to replenish losses from attrition and firings as well as for expanding or starting a new team. When recruiting off-cycle, the process is even more random and far more dependent on the network and work experience variables noted above. 50% of the
List of Investment Banks in Canada Lists by Matt - June 15, 2016November 19, 20190 List of Major Investment Banks in Canada Domestic RBC Capital Markets BMO Capital Markets TD Securities CIBC Capital Markets Scotiabank Global Banking & Markets National Bank Financial The Big 5 have historically dominated Canadian investment banking and capital markets advisory. They are also large commercial lenders and provide a full suite of
Landing an Investment Banking Interview in Canada Canada Interviews by Matt - June 3, 2016March 3, 20180 The finance interview is an unpredictable process that fairly or unfairly decides which business students will have the best start to their finance careers via investment banking or sales & trading placements at major banks (as well as some prominent direct-to-private equity analyst roles at megafunds such as Blackstone, KKR,
Permian Basin Stocks Basins by Matt - June 3, 2016November 4, 20190 The Permian Basin in West Texas is one of the most prominent sources of unconventional oil. If the Permian were a standalone country, it would be one of the largest oil producers in the world, with production exceeding the entirety of Canada. The Permian Basin, about 250 miles wide and 300