Corporate Banking in China

by Karl - February 27, 2017November 11, 20180

This article was co-authored by corporate bankers at a large global bank and a Big 4 Chinese bank and an investment banker from a Bulge Bracket, all working in the Hong Kong Special Administrative Region Corporate Banking is a huge market in China, and as the economy grows (at a much

Breaking into Investment Banking as a Big 4 Accountant in Audit

by Matt - February 21, 2017February 19, 20180

Accounting to Investment Banking There are a lot of bright professionals in audit who have expressed an interest in moving to investment banking. The good news is that the Big 4 firms are strong brand names and the work experience is somewhat relevant. The bad news is that analysts at boutique and

How to Answer “Why Investment Banking”?

by Matt - February 18, 2017February 23, 20180

Along with “walk me through your resume”, this is one of the questions you will always get in an investment banking interview. We already cover this question in our behavioural interview section, but since so many aspiring bankers continue to get it wrong we are expanding on the purpose of

Financial Regulatory Bodies in Hong Kong

by Karl - February 16, 2017February 16, 20200

There are three major financial regulatory bodies in Hong Kong. As new financial products were introduced to the markets and the sophistication of such products increased while wealth inflows expanded, the risks of malpractice grew in tandem. Financial regulators have a balancing act in order to promote the confidence in financial

Options for Distressed Debtors: Selling the Corporate and Bankruptcy

Restructuring

by Matt - February 15, 2017March 2, 20190

In a previous post, we discussed refinancing and restructuring options for a corporate. Sometimes, the restructuring and refinancing options do not appease creditors and they may look for a sale. For the more senior creditors, assuming that the company is only slightly underwater, they do not care that much about the

2 Common Interview Mistakes

by Matt - February 14, 2017February 19, 20180

February is interview season as analysts who leave investment banks after bonus cause a large reshuffling of financial jobs. Investment banking analysts leave for equity research, private equity and corporate banking. Equity research associates leave for investment banking and hedge funds. Smaller banks, boutiques, asset managers and transaction services shops (Big 4

How to Show Your Passion for Finance

by Matt - February 7, 2017February 23, 20181

Roll back a few years, and I’m at an information session fielding questions, some thoughtful and some less so. One guy keeps raising his hand and has asked just about every question that is taboo or could get you banned from Wall Street Oasis for not using the search function. “What’s more

Walk Me Through a DCF

by Karl - February 5, 2017February 19, 20180

This is the one question that all interviewees can expect to get in an investment banking interview (and possibly a coffee chat), so there is no excuse to not be prepared for this question coming up – it’s about the same as forgetting to put on a suit. My sentiment is

Options for Distressed Debtors: Refinancing and Restructuring

by Matt - February 2, 2017March 2, 20190

Modeling and Analyzing a Distressed Corporate Before evaluating options, stakeholders in a distressed company must first develop a view as to how much the company is worth. As discussed in our restructuring process post, pro forma cash flows reflecting a healthy company must be analyzed in order to inform the valuation. Investment