I enjoyed the reading material - it is very good and simple to understand. I wish I would have read this before my MBA

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Investment Banking Training Guide

Excerpt from Introduction:
Welcome to the world of investment banking. By purchasing this guide, you have embarked on a journey to venture behind the tightly shut doors of Wall Street finance. In just a few months, you will be an insider within this cryptic, secretive world. Some of the things you’ll see will amaze you, some you will loathe, but in the end, you’ll know first hand how companies raise money and how deals are done...

For those of you cramming for interviews, Chapters 3 and 5, in particular, will immediately bring you up to speed:

Excerpt from
   Section Summary
Chapter 1    Overview of Wall Street (5 pp)
Chapter 2    Overview of Corporate Finance (12 pp)
Chapter 3    Investment Banking Deal Analysis (7 pp)
Chapter 4    Banking Universe and Current Issues (4 pp)
Chapter 5    Succeeding in Your Interview (20 pp)
Chapter 6    Investment Banking War Stories (4 pp)

Reviews of Training Guide

Boy have Wall Street Advisors and Roberto Milk ever put together a wonderful resource. You can buy the book from their website that is 57 densely packed pages chock full of crucial information. It gives you more than just hints. It takes a look at the real world of business and examines how the 'tightly shut doors of Wall Street corporate finance' operate. It's a must for anyone who wants to learn more about, and be savvy in the world of investment banking. -- Judy Rosemarin, Career Editor, "New Grads, Now What?", New York Post.

The Wall Street Advisors guide is not only an enjoyable read (even for non-industry folks), but it was also key in my success at securing a banking internship for the summer with a bulge-bracket firm. Especially as a student from non-finance geared undergrad school, I had to learn the banking mindset and lingo quickly!

This resource takes you through the stock underwriting process from prospectus to pitch in gritty, gripping detail; it also includes excellent descriptions of a bank's other functions, for example: issuing debt and providing M&A advisory. I found the WSA guide to be much clearer than other help books. That is, it was detailed without being overly technical.

Last but not least, the example Q&A, along with honest explanations, really allowed me into the minds of my interviewers. It's a cutthroat numbers game out there - polished resume-ready candidates at too many prestigious schools vying for the same few positions, so you'll want to be well-prepared. Don't hesitate: the earlier you read Wall Street Advisors, the better.

As you know, landing an investment banking internship is difficult enough, even if you are a junior undergraduate. So you can imagine how difficult it was this year as a sophomore undergrad to get an offer in IB. After reading the training guide, I really felt that I had an in depth understanding of what actually goes on at an investment bank and this allowed me to formulate intelligent answers and ask pertinent questions in interviews. With the knowledge I gained from the guide I was able to tailor my answers and questions so that I received the most out of the interviews, and the interviewer knew that I had knowledge of investment banking. The guide really is tailored for job seekers which gives it an advantage above the other investment banking books that merely tell what the industry does.

Hey guys! I just wanted to let you know that I got my Lehman Brothers offer. I read every line in your guide and it worked out. The best investment I've made in my life.

Dear Wall Street Advisors, It has been my first week on the job. All I read about in your guide seems to be true, it's an extremely demanding job where every single detail matters. The pressure is very high and mistakes are not acceptable. All week was like one day: I was coming home and could hardly make it to bed, I was just exhausted. Hopefully my second week will be better, I am learning a lot and already did comps analysis. However my spreadsheet skills needs to be improved ASAP. Receiving your advanced guide disk should help. I really need it. Thanks a lot for your help.

I just got offered an Associate position at Goldman! Coming from a legal background was tough, but I guess I really impressed them because I got the offer that day. Thanks for the info and the guides were great.

As you know, landing an investment banking internship is difficult enough, even if you are a junior undergraduate. So you can imagine how difficult it was this year as a sophomore undergrad to get an offer in IB. After reading the training guide, I really felt that I had an in depth understanding of what actually goes on at an investment bank and this allowed me to formulate intelligent answers and ask pertinent questions in interviews. With the knowledge I gained from the guide I was able to tailor my answers and questions so that I received the most out of the interviews, and the interviewer knew that I had knowledge of investment banking. The guide really is tailored for job seekers which gives it an advantage above the other investment banking books that merely tell what the industry does.

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