Investment banking brah here - AMA about the profession.

[4SetsOfKegels]

Have a weekly res at dorcia?

[Bullroarer]

How many crucial business decisions that impacted the national economy have you or your co-workers made while blitzed out of your minds on coke?

What's it like to snort coke out of a high priced hooker's ass?

Where are the restaurants where IBs snort coke at the table, without even having to use the men's room, a la Matthew Mcconnaughey?

(no coke head)

[159getdatworkmc]

What's ur mbti ? u on that ISFJ time ? are ur colleagues on that ISFJ time ? let me know

[Whartonite2014]

You're probably familiar with the pledge fund model, but that isn't exactly what we do, either. We're more akin to a group family office that only does LBO's, if that makes any sense. Unlike pledge funds, we don't really have any capital commitments from our investors, and we're going to the same investor network for every deal. We typically can raise the funds for a deal in a couple weeks without any problems, because we understand our investors' appetite to fund and also have some wealthier individuals who are very flexible with how much they fund.

A typical day is, well, there isn't really a typical day. Since I've been here we did do one deal that I was working on a lot, but we just closed it. I'll go to the board meetings, prepare financials, work with the senior management on business issues, review CIM's, network, do administrative work, etc. I also manage a small internal debt fund that I helped them found. I always have something to do, but my bosses are extremely laid back and I don't work long hours at all. We typically pay 3-5x EBITDA but are also value investors so unless the sale situation is amenable to our niche (buying from owner-operators who want to pass the business on to a seasoned management team and want someone that will back them long term and provide greater opportunity for ownership) we aren't competitive on price.

Sounds like fun. I am guessing the debt fund you guys raised is for mezzanine lending, right? What sorts of transactions are you looking to get involved in? LBO/MBO financing? Acquisition financing? Growth financing? All of the above? Which city?

[Lamborg]

I have a 3.8 gpa in Economics at an unrecognizable school wat do to make it

[infinit]

I have a 3.8 gpa in Economics at an unrecognizable school wat do to make it

You need to get your CV packed with really solid extra curricular stuff and get yourself an internship.

[second2noneBrah]

Parasite hierarchy

Investment banker > lawyer > cop

[infinit]

Parasite hierarchy

Investment banker > lawyer > cop

******* hierarchy

second2noneBrah > Hitler > average person

[FiteMeIrlFgt]

Finance and Economics major here

How long did it take to get to your position and what extra schooling did you go through after college?

What is the competition like and does it make it difficult to become an investment banker?

[footmenrow]

Whats the difference in taking the series 7 vs the series 79?

Correct me if I'm wrong but isn't the series 79 for IB?

[JLay87]

Sounds like fun. I am guessing the debt fund you guys raised is for mezzanine lending, right? What sorts of transactions are you looking to get involved in? LBO/MBO financing? Acquisition financing? Growth financing? All of the above? Which city?

Yeah the debt fund is for sub debt that we use for our deals. We do LBO's but we give management a larger ownership position than most. We've done some growth investments but minority ownership has turned out to be a headache. We're in the midwest.

[shrikant20]

Invested Banking is related to the creation of capital for other companies, governments and other entities. Investment banks enable companies and other issuers to capitalize on today’s opportunities and position themselves for sustained growth. Investment banking services also provide guidance to issuers regarding the issue and placement of stock. To know more about Invested Banking visit here : jmfl.com