Financial Modeling Self Study Program

Welcome to IBankingFAQ

I am excited to say that I’ve finished work on my book, How to Be an Investment Banker: Recruiting, Interviewing, and Landing the Job + Website (Wiley Finance) which will be released on April 1, 2013. It was a lot of work but I hope many of you find it useful for the investment banking recruiting process. Basically, the book is an extension of this site covering in greater detail information about investment banking and lifestyle, recruiting and interviewing and the technical stuff that you need to know, including an overview of accounting, finance, financial statement analysis, valuation, modeling, M&A and LBOs.

I’ve also recently launched a website called igokids. This has nothing to do with finance or investment banking but it is my full-time gig so feel free to check it out. igokids is local search and discovery site for everything kid related in New York City (in a nutshell, “Yelp for parents”). I’m proud to say that I developed it from scratch myself, being a totally self-taught programmer. See all the exit opportunities that investment banking can lead to?

I also want to remind you about my financial modeling self study program, which costs only $49. You can learn how to build a financial model in the comfort of your own home or office. Knowing how to build an integrated cash flow model will definitely help you in your interviews plus it is a great way to prep for those dreaded technical interview questions. Click to view more information about the financial modeling self study program.

As always, I look forward to your comments/suggestions/questions and emails (andrew [at] ibankingfaq.com).

How to be an Investment Banker

Random FAQ: What do Private Equity firms look for when hiring bankers?

First and foremost, private equity firms want Analysts that have had good deal experience.  That is, Analysts that worked on, and played significant roles on live transactions.  Private equity firms also want Analysts with excellent financial modeling, valuation and other technical skills.  In addition, its important to demonstrate a solid understanding of the business side of things.  In other words, what are the key drivers of a company’s growth, where are the risks, what types of costs might be excessive, etc.  Lastly, but just as important, PE shops want to hire Analysts who have a high level of maturity and have excellent communication skills.  Note that Analysts who move to private equity firms are generally granted the title of Associate.

View more frequently asked questions about: Exit Opportunities.