Marginal Costs and Marginal Revenue Economics 101 by Karl - September 30, 2018December 31, 20180 In the last article, we talked extensively about supply and demand. We will now focus in on how supply and demand is related to costs and revenue, specifically marginal costs and marginal revenue. By understanding these important concepts, we can gain a better insight on how profit maximizing firms behave
Investment Banking Resume Screening Process Recruiting by Matt - September 29, 2018September 29, 20180 Competitiveness for Investment Banking Resume Screening Having served on multiple recruiting committees where the fate of students was decided with the red pen of many a sleep deprived analyst, associate and VP, we can share what resumes that end up past the HR screen (including transcripts and cover letters) end up
Can Your Manager Read Your Work Emails or View Your Browsing History? Human Resources by Matt - September 29, 2018October 17, 20190 Are Company Emails and Internet Usage Traced? What is the right way to treat work email? Everything written on email should be professional and not compromise the brand of you or your employer. This holds true across all of Corporate America - but is especially true in tier one organizations such
Hedging Policy for Corporates – FX, Interest Rate and Commodity Price Risk Sales & Trading Treasury by Matt - September 24, 2018September 24, 20180 In operating a large corporate with diversified cash flows, companies generally will find themselves exposed to large elements of market risk. The larger and the more complex the company, the more likely that they will have exposure to macroeconomic and firm-specific variables that are beyond their control. In this article we
Analyzing Financial Statements and Ratios Accounting 101 by Karl - September 23, 2018December 31, 20180 In the last article, we discussed the importance of understanding the three financial statements. In this article, we will make use of the numbers from the financial statements to analyze the underlying company. Vertical and Horizontal Analysis One important aspect of financial statements is that it allows analysts and management to compare
How to Answer “What Two Companies Do You Think Should Merge?” Corporate Finance Interview Questions by Matt - September 12, 2018September 12, 20180 This is an excellent investment banking interview question which shows that the interviewee thinks about corporate finance applications outside of theory. A lot of candidates have the technical interview questions rehearsed and have great answers about: Why investment banking? Can you work the hours? Are you really passionate about finance? And then after convincing you
Interview with: Loan Syndications Associate in Hong Kong Corporate Banking Hong Kong Interview Series by Karl - September 10, 2018November 11, 20180 Written by an associate in loan syndications at a major Chinese bank who previously worked as a corporate banking associate at one of the largest banks in the world by AUM How did you get into loan syndications at a major Chinese bank? I got top grades at a top 3 business
Understanding the Three Financial Statements Accounting 101 by Karl - September 9, 2018December 31, 20180 A robust understanding the three financial statements is important for banking and asset management interviews. This post is meant to be a quick review for an interview, or a complement to your introduction to financial accounting course, which covers this material in much greater detail. The three financial statements that all
Interview with: Investment Banking Summer Analyst Interview Series Summer Analyst by Karl - September 7, 2018September 10, 20180 This is an interview conducted with a summer analyst at a major bank that received a return offer but will be joining another investment bank How did you get hired as a summer investment banking analyst? I attended a target school and went through the regular on-cycle recruiting campaign. There is an
Option Contracts and Put Call Parity Finance 101 by Karl - September 4, 2018December 31, 20180 An option contract is a financial instrument that gives the buyer the right, or option to buy or sell a stock on a future date, at a predetermined price. The party that writes, or sells the option has the obligation to fulfill the terms of the contract. There are two