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: Can you recommend any books about finance and the technical aspects of investment banking?

Of course, I am partial to my own book, How to Be an Investment Banker: Recruiting, Interviewing, and Landing the Job + Website (Wiley Finance) which covers accounting, finance, financial statement analysis, valuation, financial modeling, M&A and LBOs.

In addition to my own book, there are really only two books that I would recommend if you are looking to learn about the technical aspects of investment banking (e.g. valuation).  Both of these are very good introductions to the way things are actually done banking (as opposed to books written by business school professors) and serve as excellent primers.

Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions (Wiley Finance) by Joshua Rosenbaum and Joshua Pearl (published in 2009) has an excellent introduction to valuation and leveraged buyouts.  There is a short section on M&A covering only the sell side process with an extremely brief overview of accretion/dilution analysis.  There is virtually no discussion of the other aspects of M&A or of other types of investment banking transactions.  The book is available through Amazon and most book stores.

The Practitioner’s Guide to Investment Banking Mergers & Acquisitions Corporate Finance by Jerilyn Castillo and Peter McAniff (published in 2007) is available only through the publisher’s website at www.scoopbooks.com.  It is about twice as long and covers more topics than the Rosenbaum/Pearl book but is slightly weaker in its sections on valuation and LBO.

If you are looking for a more academic book on valuation, I recommend anything by the NYU professor Aswath Damodaran, such as Investment Valuation: Tools and Techniques for Determining the Value of Any Asset (Wiley Finance).

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