Find all School-related info fast with the new School-Specific MBA Forum

It is currently 16 Sep 2014, 19:37

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

learning about investment banking?

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
SVP
SVP
User avatar
Joined: 04 Dec 2007
Posts: 1689
Schools: Kellogg '11
Followers: 13

Kudos [?]: 178 [0], given: 31

GMAT Tests User
learning about investment banking? [#permalink] New post 12 Jun 2008, 18:25
Hi folks,
I'm trying to learn a bit more about investment banking, particularly how IB and the healthcare sector interact. Does anyone have suggestions for:
- books/guides I should review?
- websites that would be helpful?

I'm also wondering:
- what's a work day like for you?
- what is your favorite part about being in IB? what do you dislike?
- books/websites I should review that might offer this kind of info?

I'd appreciate any thoughts you have on this! :)
Thank you very much,
ac.
SVP
SVP
User avatar
Joined: 11 Mar 2008
Posts: 1634
Location: Southern California
Schools: Chicago (dinged), Tuck (November), Columbia (RD)
Followers: 8

Kudos [?]: 179 [0], given: 0

GMAT Tests User
Re: learning about investment banking? [#permalink] New post 12 Jun 2008, 18:37
I'm not well aware of any books written specifically about healthcare banking.

However, most investment banks are split out into industry and product groups. Product groups would be things such as M&A, Leveraged Finance (for private equity transaction financing, etc.) and industry groups are things like Technology, Media, Healthcare, Industrials, etc.

So, most investment banks have a group dedicated to assisting healthcare clients with all of their financial needs. Healthcare groups at investment banks, just like the healthcare industry in general, I think tend to be fairly large and lucrative. I would venture to guess that they work the same hours as most investment bankers and have similar responsibilities - it's just that they focus on the needs of healthcare clients and tend to know that industry inside and out.

If you reach out to members of the healthcare groups at top schools, I'm sure that they could assist you with more specific information. I think a lot of people from Wharton HCM go into healthcare banking every year.
_________________

Check out the new Career Forum
http://gmatclub.com/forum/133

Director
Director
User avatar
Joined: 08 Feb 2007
Posts: 610
Location: New Haven, CT
Followers: 5

Kudos [?]: 17 [0], given: 0

GMAT Tests User
Re: learning about investment banking? [#permalink] New post 12 Jun 2008, 20:26
Vault.com
_________________

Lanter 1

"Lunch is for wimps."

1 KUDOS received
SVP
SVP
User avatar
Joined: 31 Jul 2006
Posts: 2308
Schools: Darden
Followers: 41

Kudos [?]: 423 [1] , given: 0

GMAT Tests User
Re: learning about investment banking? [#permalink] New post 12 Jun 2008, 20:46
1
This post received
KUDOS
Basically, investment bankers do two things. They raise money for clients, and they advise on mergers and acquisitions. Of course, that's totally simplified and they do many variations on those two themes.

So for raising money, they can help firms issue debt, issue equity (or IPO), issue converts or preferred, securitize assets or receivables, private placements and lots more more exotic things.

For mergers and acquisitions, banks help firms buy other firms, put themselves up for sale, put divisions up for sale, spin off divisions; banks may help private investors raise money and form companies to buy public companies and make them private (LBO) and lots of other stuff as well.

Health care is similar to most other industries (industrials, media, tech, etc.). Compared with other industries, merger activity (and pitching for such business) is a big part. It won't come as a surprise that big deep pocketed firms are constantly looking for companies to acquire. If the market is hot, health care IPOs are common. There is relatively little securitization (as compared with Real Estate for example).

As far as what you do, your role as an associate will be pretty similar regardless of your industry group. You'll prepare models, examine comparable companies and create pitch books, and if you're lucky you'll work on executing deals. Having some industry knowledge might be marginally helpful, and having some personal interest in the businesses you are covering could be a plus.
SVP
SVP
User avatar
Joined: 11 Mar 2008
Posts: 1634
Location: Southern California
Schools: Chicago (dinged), Tuck (November), Columbia (RD)
Followers: 8

Kudos [?]: 179 [0], given: 0

GMAT Tests User
Re: learning about investment banking? [#permalink] New post 12 Jun 2008, 20:50
pelihu wrote:
Basically, investment bankers do two things. They raise money for clients, and they advise on mergers and acquisitions. Of course, that's totally simplified and they do many variations on those two themes.

So for raising money, they can help firms issue debt, issue equity (or IPO), issue converts or preferred, securitize assets or receivables, private placements and lots more more exotic things.

For mergers and acquisitions, banks help firms buy other firms, put themselves up for sale, put divisions up for sale, spin off divisions; banks may help private investors raise money and form companies to buy public companies and make them private (LBO) and lots of other stuff as well.

Health care is similar to most other industries (industrials, media, tech, etc.). Compared with other industries, merger activity (and pitching for such business) is a big part. It won't come as a surprise that big deep pocketed firms are constantly looking for companies to acquire. If the market is hot, health care IPOs are common. There is relatively little securitization (as compared with Real Estate for example).

As far as what you do, your role as an associate will be pretty similar regardless of your industry group. You'll prepare models, examine comparable companies and create pitch books, and if you're lucky you'll work on executing deals. Having some industry knowledge might be marginally helpful, and having some personal interest in the businesses you are covering could be a plus.


I was waiting for you to pitch in :) Well put.
_________________

Check out the new Career Forum
http://gmatclub.com/forum/133

SVP
SVP
User avatar
Joined: 04 Dec 2007
Posts: 1689
Schools: Kellogg '11
Followers: 13

Kudos [?]: 178 [0], given: 31

GMAT Tests User
Re: learning about investment banking? [#permalink] New post 13 Jun 2008, 04:23
pelihu wrote:
Basically, investment bankers do two things. They raise money for clients, and they advise on mergers and acquisitions. Of course, that's totally simplified and they do many variations on those two themes.

So for raising money, they can help firms issue debt, issue equity (or IPO), issue converts or preferred, securitize assets or receivables, private placements and lots more more exotic things.

For mergers and acquisitions, banks help firms buy other firms, put themselves up for sale, put divisions up for sale, spin off divisions; banks may help private investors raise money and form companies to buy public companies and make them private (LBO) and lots of other stuff as well.

Health care is similar to most other industries (industrials, media, tech, etc.). Compared with other industries, merger activity (and pitching for such business) is a big part. It won't come as a surprise that big deep pocketed firms are constantly looking for companies to acquire. If the market is hot, health care IPOs are common. There is relatively little securitization (as compared with Real Estate for example).

As far as what you do, your role as an associate will be pretty similar regardless of your industry group. You'll prepare models, examine comparable companies and create pitch books, and if you're lucky you'll work on executing deals. Having some industry knowledge might be marginally helpful, and having some personal interest in the businesses you are covering could be a plus.


Thanks very much pelihu! This is very helpful in giving a lay of the land of both what IB is about and what an Associate does :)
I'll now take a look for other threads out there about crossing into IB, etc to really understand what that process is like.

Thanks again,
ac.
GMAT Club Legend
GMAT Club Legend
avatar
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5925
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
Followers: 255

Kudos [?]: 1542 [0], given: 7

GMAT Tests User Premium Member
Re: learning about investment banking? [#permalink] New post 13 Jun 2008, 04:36
Here's how banking and healthcare intersect:

Image
Senior Manager
Senior Manager
User avatar
Joined: 25 Jul 2007
Posts: 378
Location: Times Square
Schools: Baruch / Zicklin
Followers: 4

Kudos [?]: 36 [0], given: 148

GMAT Tests User
Re: learning about investment banking? [#permalink] New post 13 Jun 2008, 05:29
^ LOL. Priceless input as always, Rhyme! :lol:
GMAT Club Legend
GMAT Club Legend
avatar
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5925
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
Followers: 255

Kudos [?]: 1542 [0], given: 7

GMAT Tests User Premium Member
Re: learning about investment banking? [#permalink] New post 14 Jun 2008, 06:10
TimeSquareDesi wrote:
^ LOL. Priceless input as always, Rhyme! :lol:



Just trying to help. :)
SVP
SVP
User avatar
Joined: 04 Dec 2007
Posts: 1689
Schools: Kellogg '11
Followers: 13

Kudos [?]: 178 [0], given: 31

GMAT Tests User
Re: learning about investment banking? [#permalink] New post 15 Jun 2008, 18:28
LOL! Thanks Rhyme! :lol:
Intern
Intern
avatar
Joined: 12 Sep 2014
Posts: 2
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: learning about investment banking? [#permalink] New post 12 Sep 2014, 03:10
Hello ISA,

If you are looking to pursue your career in investment baking then I would like to recommend one the best investment banking courses the CIBOP (Certified Investment Banking Operations Professional) program at Imarticus is designed for careers in the operations, treasury and clearing functions within an investment bank. After completing the comprehensive program at Imarticus, you will gain an in-depth knowledge of global Investment Banking and Capital Markets. Upon successful completion of this program, you will receive the industry endorsed CIBOP certification and the optional CISI certified IOC (Investment Operations Certificate). These well-recognized certifications will equip you for a highly rewarding career within Investment Banking.

I hope the above information will be useful in learning about investment banking. :-D
Re: learning about investment banking?   [#permalink] 12 Sep 2014, 03:10
    Similar topics Author Replies Last post
Similar
Topics:
It was extremely discouraging to learn that the bank, with az780 6 31 Mar 2008, 09:26
5 It was extremely discouraging to learn that the bank, with enginpasa1 5 02 Feb 2008, 22:22
CR- Analysts of Investment banks dvtohir 7 25 Apr 2007, 09:30
Investment Banking zamzim 4 09 Oct 2006, 03:40
Experts publish their posts in the topic Investment Banking Porscheboy16 6 28 Nov 2005, 11:51
Display posts from previous: Sort by

learning about investment banking?

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.