presentation to. presentation: overview of investment banking overview of a.g. edwards’ investment...
TRANSCRIPT
Presentation to
Presentation:
Overview of Investment Banking
Overview of A.G. Edwards’ Investment Banking Analyst Program
Overview of Investment Banking
Securities and Securities and Investment Investment
Services FirmServices Firm
Investment Investment BankingBanking
Asset Asset Management and Management and
Private Client Private Client ServicesServices
Securities Securities ResearchResearch
Securities and Securities and Commodities Commodities
BrokerageBrokerage
Institutional Sales Institutional Sales and Tradingand Trading
SyndicateSyndicate
What is an “Investment Bank?”
What is “Investment Banking?”
Industry FocusIndustry FocusTechnologyHealthcareFinancial ServicesConsumer
ProductsEnergy
Product FocusProduct FocusEquity Capital MarketsDebt Capital MarketsMergers & AcquisitionsPrivate PlacementsPrivate Equity
Capital RaisingCapital RaisingPublic Equity OfferingPublic Debt OfferingPrivate Equity OfferingPrivate Debt OfferingHybrid/Structured
Products
Financial Financial AdvisoryAdvisoryBuy-Side Advisory
Sell-Side AdvisoryValuationsFairness OpinionsTakeover DefenseRecapitalization Services
Investment Investment BankingBanking
What is the Role of Investment Banking?
ClientClient
Equity Equity OfferingOffering
Financial Financial AdvisoryAdvisory
Debt Debt OfferingOffering
PublicPublic
PrivatePrivate
PublicPublic
PrivatePrivate
Capital Capital MarketsMarkets
Investment Investment BankingBanking
Types of Investment Banks
Bulge Bracket Bulge Bracket Investment Investment
BanksBanksStrengths
Global reach
Large equity transaction expertise
Public debt expertise
M&A expertise
Firms
Goldman Sachs
Merrill Lynch
Morgan Stanley Dean Witter
Middle Market Middle Market Investment Investment
BanksBanksStrengths
Regional distribution system
Strong retail-client relationships
Middle market M&A experience
Strong geographic expertise
Firms
A.G. Edwards
Friedman Billings
Legg Mason
Raymond James
Global Global Commercial Commercial
BanksBanksStrengths
Global Reach
Corporate relationships
Strong debt expertise
Large product offering
Firms
Credit Suisse First Boston
Bank of America Securities
Citigroup/Salomon
JP Morgan Chase & Co.
Boutique Boutique Investment Investment
BanksBanksStrengths
IPO expertise
Primary research coverage
Small cap focus
Strong industry expertise
Firms
Thomas Weisel Partners
Adams, Harkness & Hill
Putnam Lovell
Sandler O’Neill & Partners
Investment Banking Career Path
Managing Managing
DirectorDirector
AssociatAssociatee
AnalystAnalyst
Director/ Director/ Vice President Vice President
Investment Banking Analyst
Responsibilities include:
Assessing the valuation of public and private companies based on various valuation methodologies
Creating models of financial forecasts
Analyzing historical & projected financial performance
Developing & participating in pitches for prospective clients
Representing firm with clients, attorneys, accountants & peer investment banks
Assist in creating marketing materials for upcoming
transactions
Investment Banking Analyst
Accounting or finance background
Detail-oriented
Highly motivated
Excellent analytical & communication skills
Flexible
Management of multiple projects simultaneously
Team player
Investment Banking Analyst Career Progression
UndergraduateUndergraduateJoins Analyst Joins Analyst
program program
2-3 yrs2-3 yrs
Pursue Pursue MBAMBA
Pursue Pursue alternative alternative
professional professional employmentemployment
Return to Return to Investment Investment
BankingBanking
Enter into Enter into new field of new field of employmentemployment
Overview of A.G. Edwards’Investment Banking
Analyst Program
Analyst Training Program
Initial training program
Exposure to operations of numerous departments throughout firm– Equity Research
– Equity Syndicate
– Institutional Sales
– OTC
Exposure to outside professionals – Accountants
– Law firms
IPO and mergers & acquisitions case simulation
Advantages of the A.G. EdwardsAnalyst Program
Small working group teams – Increased visibility– Increased responsibility– Access to senior bankers
Commitment to professional development – On-site GMAT course– On-site MBA program visits/recruitment– Potential MBA tuition reimbursement– Contacts with leading private equity firms
Work with a diverse group of highly motivated, dedicated individuals
Attractive Career Opportunities
Our Analysts have gone directly from A.G. Edwards to MBA schools, private equity/LBO firms and companies including the following:
For more information about Investment Banking
Wall Street Journal– Read it!
Websites– www.vault.com
– www.careers-in-finance.com/ib.htm
– www.wetfeet.com
– www.agedwards.com
Books– Monkey Business
– Liar’s Poker
A.G. Edwards Investment Banking
Questions or Concerns, please contact us:
Brian R. Glass(314) 955-8181
Associate MBA Washington Univ. 2001
BS Indiana University 1995
Kenneth J. Lovik(314) 955-8229
Associate MBA Indiana University 2000
BS Northern Illinois 1992
Joshua D. Pearl(314) 955-8182
Analyst BS Indiana University 2003