Investment Banking Workbook (Wiley Finance)
Compartilhe seus pensamentos com outros clientes. Great book that walks you through IB step by step. It even helped me during an interview when they asked me about Enterprise Value. If you know nothing about finance, it's probably not the best to jump into this book cold-turkey. The meat of this book is a how-to on LBO model construction. It even includes a sample LBO model which is well constructed and will give some insights not only into Excel, but also into the economics of an LBO.
However, I do think it is important to say that being able to build an LBO model isn't really the holy grail of valuation, it is more something to have in your toolkit after learning the fundamentals. If you are an analyst and you just have to know how to create an LBO model, get this book, it will certainly teach you how in a quick period of time. If you are looking to learn valuation, start elsewhere and come back to this later. Great book for anyone interested in breaking into investment banking. This is only one of several tools to assist in the job search process but it enables you to talk intelligently about the industry.
I loved the simplicity of the language and the focused nature of the book, you develop the right approach to answering questions.
Description
As a first book on finance I would imagine this book would be a bit much. As someone with prior exposure and wanting both a good thorough review and deep dive on the basics - enterprise value, working capital, comparables, precedent transactions, DCFs, and LBOs it was perfect.
Initially I had planned to read this twice - once for an overview and then a second time taking notes to prep for some upcoming interviews. However, the way the authors organized and presented the material made the second reading and extensive note taking largely unnecessary. Each chapter starts with an overview of the methodology being discussed including key concepts, when its used in practice and the actual steps required to perform the analysis.
Then, the authors go into a thorough discussion of each step from a practical perspective on how to actually do it in practice.
Investment Banking WORKBOOK is the ideal complement to Investment you to truly master and refine the core skills at the center of the world of finance. Editorial Reviews. From the Back Cover. The ideal companion to Investment Banking Investment Banking Workbook (Wiley Finance) - Kindle edition by Joshua Rosenbaum, Joshua Pearl. Download it once and read it on your Kindle device.
Finally, they work through a real world example building the actual model complete with downloadable excel models. The detail here is way beyond anything I've ever seen in any textbook before. For example, the authors will actually walk you through how to setup your spreadsheets and configure excel so that you can more easily perform sensitivity analysis on the key variables affecting the valuation.
Some may find the multi-tiered approach used for each chapter a bit tedious but the great thing about this methodology is that its quite easy to go back and quickly review the key steps for each analytical tool. Plus, by going progressively deeper through each major topic one feels completely immersed in it and much more at ease with the subject matter than a traditional MBA style textbook on finance that's heavy on theory but severely lacking on how to perform the analysis in practice.
Likewise, those readers preferring to stay in the clouds may not appreciate the gory details on how its used in practice. My only minor issue is that evidently teachers have access to a database of or so questions with answers. Please contact us should you have any queries. Shipping All items are dispatched within 1 working day. UK Economy postage takes a further working days from dispatch to delivery and UK Express postage takes a further 1 working day from dispatch to delivery. Please see individual listings for International order delivery times.
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Investment Banking Workbook
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