Steven George Conville

1
A General Idea on Investment Banking
Steven George Conville - Investment Banker
contact_at_stevenconville.com
A Review on investment banking. Investment
Banks help companies and governments issue
securities, help investors purchase securities,
manage financial assets, trade securities and
provide financial advice.
2
Investment Banking - Function

• Investment Banking Function within a Investment
  Bank
• also called Corporate Finance
• Includes Advisory Services on MA, Foreign
  Exchange, Valuation, Financial Strategy, Issuing
  Debt and Equity, etc
• Client-driven industry
• Separated from rest of bank by Chinese Wall

3
What do Investment Bankers Do?

• Represent Companies for Sale
• Value Company (Financial Models)
• Write Selling Memo
• Conduct Due Diligence
• Identify and Contact Buyers
• Create Management Presentation
• Negotiate with Buyers
• Close Transaction

4
What do Investment Bankers Do?

• Represent Companies Buying Other Companies
• Value Company (financial models)
• Conduct Due Diligence
• Draft terms and determine price offered
• Negotiate with Seller

5
What do Investment Bankers Do?

• Represent Companies issuing debt or equity
  (Underwriting)
• Value Company (financial models)
• Write Prospectus (or other SEC filings)
• Create Management Presentation
• Take Company on Roadshow

6
Associates Role

• Essentially Responsible for EVERYTHING
• Manage up (MDs, VPs) and down (Analysts) and
  outward (Clients)
• Financial Modeling Intricate (LBOs,
  structuring) to mundane (comps)
• Excel Experts
• Writing/Presentations Selling memos, management
  presentations, commitment memos, Roadshows
• Word and Powerpoint Experts
• Putting Pitches together
• All of the above (and including binding, copying
  page counting)
• Research

7
Associates Role

• Key Skill Area Requirements
• People skills High
• Sales skills Medium
• Communication skills High
• Analytical skills High
• Ability to synthesize High
• Creative ability High/Low
• Initiative High/Medium
• Work hours 80-120/week

8
Pros and Cons

• Pros
• Doing Deals
• Fast paced/Intellectually Driven Environment
• Meeting CEOs and CFOs
• Skills
• Cons
• Hours, Hours, Hours
• Work can be monotonous
• Job security/Economic Environment
• Strong Personalities