Jan 13 - Thursday January 13th Investment Banking has...

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Thursday, January 13 th Investment Banking has different divisions: o Corporate IB (+100 hours/week): Trying to develop deals , including Initial Public Offerings (IPOs), Mergers Helping with Financing, debt issues A good book to read recommended by Dr. Banko is “Monkey Business” o Stock Brokers Dealers Specialists (40-50 hours/week) o Desk (40-50 hours/week): Trading on behalf of the investment bank, using a lot of arbitrage to increase the company’s return. Mortgage Trading Desk Government Bonds Desk A good book to read recommended by Dr. Banko is “Liar’s Poker” o Private Wealth (40 hours/week): Investing on behalf of wealthy investors CFP or CFA designations Time Value of Money Definitions: Time Value of Money- allows you to take a cash flow at one point in time and convert it to an equivalent value at another point in time. PV= Present Value
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Jan 13 - Thursday January 13th Investment Banking has...

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