Brian DeChesare

DECEMBER 20, 2023

If you want to know how to get an investment banking internship, it’s simple: Start very, very early and have a great “Plan B” if something goes wrong. And yes, you read the news correctly: Banks like RBC, DB, Houlihan Lokey, Rothschild, and Guggenheim opened 2025 summer internship applications in calendar year 2023.

Banking 105

Banking Start-ups Finance Corporate Finance 105

Brian DeChesare

NOVEMBER 22, 2023

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. But the events of 2023, including the UBS acquisition of Credit Suisse and the rise of firms like Wells Fargo, Jefferies, and RBC, have shaken up the traditional list.

Banking 105

Banking Start-ups Finance Equity 105

Global Finance

OCTOBER 31, 2024

Africa : UBA United Bank for Africa (UBA) is celebrating its 75th anniversary. With a portfolio of over a million SME clients and a loan book of $90 million, the bank has been instrumental in ensuring that SMEs remain the engine of growth. The bank also ensures easy transaction processing through its UBA Afritrade and UBA Connect.

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Banking Finance Start-ups Marketability 52

Brian DeChesare

MARCH 13, 2023

In 24 hours, it went from “We’re fine, but we took some losses and need additional capital” to “The FDIC is taking over, the government has guaranteed uninsured deposits, and there might be additional bank runs and a financial crisis or three.” It’s the second-biggest bank failure in U.S. Silicon Valley Bank did not “fail” in 24 hours.

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Banking Start-ups Equity Treasury 123

Brian DeChesare

APRIL 20, 2022

A long time ago, it didn’t matter that much if you applied for summer internships at the large banks but failed to win a single offer. But IB summer internship recruiting has become far more competitive, everything starts earlier, and full-time recruiting for non-interns is close to “endangered species” status.

Banking 116

Banking Corporate Finance Finance Start-ups 116

Brian DeChesare

SEPTEMBER 29, 2022

We covered investment banking in Canada a long time ago on this site, but things have changed over time – and the original article was light on details and numbers. Although there are some advantages to IB in Canada, it’s almost always better to start a finance career in the U.S. Canada is significantly smaller than the U.S.

Banking 112

Banking Start-ups Private Equity Firm Equity 112

Brian DeChesare

MARCH 27, 2024

If you go by most online discussions, investment banking spring weeks in the U.K. are as essential as oxygen or high grades if you want to work at a large bank. Banks are also to blame because they now market spring weeks to students as young as 16. How to Apply for Investment Banking Spring Weeks Who Wins Spring Week Offers?

Banking 105

Banking Start-ups Finance Corporate Finance 105

Mckinsey and Company

NOVEMBER 3, 2023

Africa’s fintech start-ups are leveraging mobile technology and innovative platforms to transform digital banking. We spoke with Ashraf Sabry, founder and CEO of Fawry, about the sector’s potential.

Start-ups 138

Start-ups Banking Technology 138

Brian DeChesare

JUNE 21, 2023

Investment banking in Dubai stands out for attracting remarkable hype on social media. You’ll find influencers on Instagram, TikTok, LinkedIn, and other sites constantly praising Dubai and claiming it’s the best place to work or start a business. Investment Banking in Dubai: The Top Banks The usual U.S.

Banking 105

Banking Start-ups Finance Equity 105

Musings on Markets

MAY 5, 2023

In March 2023, the fall of Silicon Valley Bank shocked investors not only because it was unforeseen, but also because of the speed with which it unfolded. That failure has had a domino effect, with Signature Bank falling soon after, followed by Credit Suisse in April 2023 and by First Republic last week.

Banking 98

Banking Equity Start-ups Treasury 98

Brian DeChesare

AUGUST 3, 2022

As investment banking internships wind down each year, interns everywhere wake up and mysteriously come up with a similar idea: “I want to switch banks for my full-time role! Unfortunately, switching banks, groups, or locations after your internship is much easier said than done. Why Switch Banks?

Banking 96

Banking Start-ups Enterprise Value Marketability 96

Musings on Markets

SEPTEMBER 20, 2024

As a long-time skeptic about the Fed’s (or any Central Bank’s) capacity to alter much in markets or the economy, I decided now would be as good a time as any to confront some widely held beliefs about central banking powers, and counter them with data.

Banking 124

Banking Treasury Start-ups Marketability 124

Brian DeChesare

NOVEMBER 2, 2022

In addition to Prime Ministers that serve for only 44 days and questionable weather/food, the United Kingdom is also known as a global hub for investment banking. Many would argue that investment banking in London is second only to New York in terms of compensation, exit opportunities, deal flow, and “prestige.”. Barclays, and UBS).

Banking 99

Banking Start-ups Finance Equity 99

Brian DeChesare

OCTOBER 16, 2024

“Why investment banking?” For example, internship recruiting starts very early for undergrads in the U.S. , and there’s now an overwhelming amount of information online about investment banking. I’ll explain these points here and suggest specific answers to “Why investment banking?” Why Investment Banking?”

Banking 111

Banking Finance Start-ups Corporate Finance 111

Brian DeChesare

MAY 10, 2023

I’ve found that two main groups care about investment banking in Singapore : Students who are from Southeast Asia and are considering whether they want to work in Singapore, NY, London, or other places. It’s just that it’s smaller than you might expect, which means a lower investment banking headcount than true financial centers.

Banking 105

Banking Start-ups Equity Marketability 105

Brian DeChesare

JUNE 15, 2022

If you look online, you’ll find many threads, articles, and blog posts saying that back office (BO) and middle office (MO) jobs are “the worst” and that if you end up there, your career is over. Yes, if you’re working at a large bank, it’s generally best to be in a “front office” (client-facing) role.

Banking 98

Banking Treasury Start-ups Finance 98

Brian DeChesare

AUGUST 24, 2022

A long time ago, the investment banking weekend trip was a rite of passage. If you came across as personable and knowledgeable in these meetings, you would gain an advantage in winning interviews and job offers – and you might even get to visit the bank’s office briefly. The Step-by-Step Process for Investment Banking Weekend Trips.

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Banking Start-ups 98

Brian DeChesare

JANUARY 11, 2023

This leads us to the possible impact on investment banking and other finance-related roles. I’ll expand on these points below, but I want to start with the results of my own testing: My Results from Using ChatGPT for Finance and Coding-Related Questions. How Will AI Change Investment Banking Recruiting? But a short story?

Banking 111

Banking Start-ups Finance Compliance 111

Global Finance

SEPTEMBER 4, 2024

Global Finance magazine interviewed Brazil Central Bank President Roberto Campos Neto, who has been at the helm since February 2019. The Senate will vote on whether to confirm Galipolo to a four-year term, which start in January. So, there is not much room for purchasing assets, as many central banks did in the recent past.

Banking 105

Banking Finance Marketability Start-ups 105

Brian DeChesare

AUGUST 28, 2024

If you’re doing it specifically to target investment banking roles, it only makes sense in a few scenarios. Let’s start with some quick definitions and the short version of why a delayed graduation is rarely a good idea: Table Of Contents The TL;DR of Why “Delay Your Graduation” Rarely Works Why Delay Your Graduation?

Banking 97

Banking Start-ups Finance Corporate Finance 97

Brian DeChesare

MARCH 23, 2022

Some people like to complain about networking in general, but if there’s a specific part of networking that almost everyone likes to complain about, it’s investment banking information sessions. In theory , investment banking information sessions are a great way to meet bankers, make your case, and gain an advantage in the recruiting process.

Banking 98

Banking Start-ups Finance 98

Musings on Markets

MAY 7, 2023

I also used the banking framework to argue that good banks have stickier deposits, with a higher precent of these deposits being non-interest bearing, that they invest in loans and investment securities on which they earn interest rates that cover and exceed the default risk in these investments. All Equity, All the time!

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Banking Price to Book Dividends Book Value 91

Brian DeChesare

FEBRUARY 15, 2023

When it comes to investment banking in Australia , it’s easy to find complaints online. These complaints center on a few aspects of the banking industry there: Recruiting – People often claim that it’s much more difficult to win interviews and job offers, that nepotism is widespread, and that there aren’t many “side doors” into finance.

Banking 98

Banking Finance Equity Start-ups 98

Brian DeChesare

MAY 11, 2022

There are few topics as heated as age and investment banking. What should I do with my life if I’m too old for banking?”. If you are older than these age ranges and still want to win a traditional investment banking role, you should start by asking yourself, “Why?” Do I have any chance if I’m above the age of X?

Banking 98

Banking Start-ups Finance Private Equity Firm 98

Mckinsey and Company

JULY 26, 2023

Neobank founder and technologist Anne Boden talks about the changes in the banking landscape that prompted her to start a new institution from the ground up.

Start-ups 98

Start-ups Banking 98

Musings on Markets

NOVEMBER 14, 2024

Before we look at how those definitions have evolved, it is instructive to start with three measures of sustainability, measuring (in my view) very different things: Planet sustainability , measuring how our actions, as consumers and businesses, affect the planet, and our collective welfare and well being.

Start-ups 99

Start-ups Banking Alpha Marketability 99

Brian DeChesare

MAY 8, 2024

In short, this banker was an Associate in the FIG team at Bank of America and had a very accomplished track record before joining the firm. Oh, and then there’s my story – how I crashed my car into a tree after working crazy hours – and eventually quit the industry to start this site. Bill Ackman also donated.

Banking 111

Banking Start-ups Finance Equity 111

The Guardian M&A

JULY 3, 2024

Investment bank Stephens hired to find suitors for business, which wants to expand overseas operations The high-end steakhouse chain Hawksmoor has been put up for sale in a deal that could value it at about £100m.

Start-ups 95

Start-ups Banking 95

Brian DeChesare

AUGUST 7, 2024

One name that comes up is Wall Street Mastermind (WSMM) , created and led by Sam Shiah. How Our Coaching Services and Courses Differ Final Thoughts on Wall Street Mastermind The Disclaimer If you sign up for the WSMM coaching through my link , I will receive a small percentage of your enrollment fee as a commission. Is It Worth It?

Banking 82

Banking Start-ups Finance Marketability 82

Brian DeChesare

DECEMBER 21, 2022

Just look at the financial markets, the crypto meltdown, deal volume at banks, inflation, energy prices, Russia/Ukraine, supply chains, and the hiring environment in tech and finance. But let’s start with my favorite topic: “ranking” banks, schools, and maybe a TV series or three. Bank, School, Dragon, and TV Rankings.

Banking 97

Banking Start-ups Finance EBITDA 97

Brian DeChesare

JUNE 22, 2022

I published an article on this topic of investment banking in New York vs. Chicago vs. San Francisco vs. Los Angeles vs. Houston vs. other cities a long time ago – but a fair amount has changed since then: Remote / hybrid work means that some of the advantages and disadvantages of different cities are more nebulous. Tech / healthcare?

Banking 98

Banking Start-ups Finance Marketability 98

IVSC

SEPTEMBER 30, 2022

New Trustees were confirmed by the IVSC’s Nominations Committee during the 2022 AGM in Fort Lauderdale and will take up their roles from October 2022, on an initial three-year term. Seshadri (India) , a Qualified Chartered Accountant, started his career with Arthur Anderson.

Start-ups 246

Start-ups Banking Marketability Finance 246

Brian DeChesare

JUNE 1, 2022

The power & utilities investment banking team has a reputation for being “boring.”. But over time, trends like market liberalization, deregulation, the shift to renewables, and the ESG religion “movement” have shaken up a sleepy sector. ” Different banks classify their power & utilities groups differently.

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Banking Equity Book Value Capital Structure 98

Brian DeChesare

AUGUST 10, 2022

With the possible exception of FIG , oil & gas investment banking generates the highest number of panicked emails and questions. But before delving into the exit opportunities and the long-term outlook, let’s start with the fundamentals: Oil & Gas Investment Banking Defined. How do I move around?

Banking 98

Banking EBITDA Dividends Equity 98

Brian DeChesare

FEBRUARY 2, 2022

I did not expect to revisit investment banker salary and bonus data for a while, but the banks ruined my plans by changing base salaries multiple times in less than a year. based roles at large banks as of early 2022, along with total compensation from 2021. What Happened to Investment Banking Fees? More on this below.

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Banking Start-ups Equity Finance 130

Brian DeChesare

JANUARY 10, 2024

If you want to read angry comments and long threads with plenty of insults, you can’t go wrong with the wealth management vs. investment banking debate. And wealth managers at large banks may advise people with as little as a few hundred thousand to invest. The truth is that both claims are correct but incomplete.

Banking 59

Banking Start-ups Equity Corporate Finance 59

Brian DeChesare

AUGUST 31, 2022

Traditionally, if someone asked the “ sales & trading vs. investment banking ” question, the response was easy: “Do banking unless you really, really like trading and could not imagine doing anything else.”. The time to expiration or maturity is further away – because there’s more time for the stock price to go up.

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Banking Risk-free Rate Equity Start-ups 89