Have an investment banking interview with the mining team in a few days but know nothing about mining (or any industry group)? A few days is actually plenty of time to intimately know an industry, but anyone outside of the finance industry would not know where to start looking. Here is a
Life & Work
Defending Your Stock Pitch in an Investment Banking Interview
An aspiring banker walks into the interview room and is asked for a stock pitch. "Pitch us a stock." "I really like Google because they have a strong business moat in search, ample free cash flow generation and is well positioned to benefit from progress at Waymo (the autonomous driving division) and
Interview with: Real Estate Commercial Banking VP
What candidates do commercial banks hire for in terms of degree and grades? I would say that the commercial banking sector assesses candidates from a fairly diverse background in terms of undergraduate degrees. That being said, a deeper understanding of business concepts, economics, accounting, and/or mathematics goes a long way in
Accounting Questions for Investing and Equity Research
For equity research and investment roles, a very good understanding of accounting is required to parse through financial statements and figure out what does and does not matter. Understanding how things flow through the three statements and how foreign operations affect company profits and cash flow is especially important for companies
Pitch Me an Oil & Gas Stock
Interview with: Transfer Pricing VP
What is transfer pricing? Transfer pricing refers to the rules and methods for pricing transactions between enterprises under common ownership or control (ie. subsidiaries of large multinationals). It largely applies to the pricing of cross-border transactions between related entities, a good example would be the pricing of services provided by a subsidiary
How to Build Wealth as an Investment Banker
Interview with: Private Debt Analyst
What is Private Debt? Think Private Equity, but in debt instruments. Private Debt invests in privately placed bonds that are closely negotiated between the bond issuer and purchaser. Debt structures are often highly tailored to the needs of the issuer. Due to this closed negotiation process, private debt investors often can "peek under
Do Investment Bankers Actually Make a Lot of Money?
Should You Enroll in the Company Employee Share/Stock Purchase Plan (ESPP)?
This is written from the perspective from a previous Canadian bank employee, but the ESPP is a popular form of compensation across various jurisdictions Many companies have employee share purchase plans (ESPP) where purchases of the company’s stock by employees will be matched to a certain amount - usually as a