Presentation to
Presentation:
Overview of Investment Banking
Overview of A.G. Edwards’ Investment
Banking Analyst Program
Overview of Investment Banking
What is an “Investment Bank?”
Investment Banking
Institutional Sales
and Trading
Securities Research
Securities and
Investment Services
Firm
Securities and
Commodities
Brokerage
Syndicate
Asset Management
and Private Client
Services
What is “Investment Banking?”
Industry Focus
Product Focus
Technology
Healthcare
Financial Services
Consumer Products
Energy
Equity Capital Markets
Debt Capital Markets
Mergers & Acquisitions
Private Placements
Private Equity
Investment
Banking
Capital Raising
Public Equity Offering
Public Debt Offering
Private Equity Offering
Private Debt Offering
Hybrid/Structured Products
Financial Advisory
Buy-Side Advisory
Sell-Side Advisory
Valuations
Fairness Opinions
Takeover Defense
Recapitalization Services
What is the Role of Investment Banking?
Public
Public
Client
Investment
Banking
Capital
Markets
Private
Private
Equity
Offering
Debt
Offering
Financial
Advisory
Types of Investment Banks
Bulge Bracket
Investment Banks
Middle Market
Investment Banks
Global
Commercial Banks
Strengths
Global reach
Large equity
transaction expertise
Public debt expertise
M&A expertise
Strengths
Regional distribution
system
Strong retail-client
relationships
Middle market M&A
experience
Strengths
Global Reach
Corporate
relationships
Strong debt expertise
Large product
offering
Firms
Goldman Sachs
Merrill Lynch
Morgan Stanley
Dean Witter
Strong geographic
expertise
Firms
A.G. Edwards
Friedman Billings
Legg Mason
Raymond James
Firms
Credit Suisse First
Boston
Bank of America
Securities
Citigroup/Salomon
JP Morgan Chase & Co.
Boutique
Investment Banks
Strengths
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
Director
Director/
Vice President
Associate
Analyst
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
Pursue
MBA
Undergraduate
Return to
Investment
Banking
Enter into
new field of
employment
Joins Analyst
program
2-3 yrs
Pursue
alternative
professional
employment
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. Edwards
Analyst 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
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–
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
Associate
MBA Washington Univ. 2001
BS Indiana University 1995
Associate
MBA Indiana University 2000
BS Northern Illinois 1992
Analyst
BS Indiana University 2003
(314) 955-8181
brian.glass@agedwards.com
Kenneth J. Lovik
(314) 955-8229
kenneth.lovik@agedwards.com
Joshua D. Pearl
(314) 955-8182
joshua.pearl@agedwards.com