Wall Street Prep

Investment Banking Interview Resume Question Lesson: "Walk me through your resum ...

Walk me through your resume. You've created a great investment banking resume and it has landed you an interview.  The next step is to be able to walk an interviewer through that resume effectively. ... Read More

Investment Banking FAQ - Industry Overview

An investment bank is a financial institution that assists wealthy individuals, corporations, and governments in raising capital by underwriting and/or acting as the client’s agent in the issuance of securities.  An investment bank may ... Read More

Investment Banking Career Paths

The career of an investment banker progresses along a fairly standard path. Investment banking positions from junior to senior: Analyst (grunt) Associate (glorified grunt) VP (account manager) Director (senior account manager, rainmaker in training) ... Read More

Investment Banking Training, Education & Certification

Investment banks typically recruit undergraduates and MBAs from top "target" schools  (Harvard, Wharton, NYU, Princeton, etc...). Bankers are also recruited out of  non-target schools but the process is less formal and structured. While many ... Read More

What is Investment Banking?

Several things, actually. Below we break down each of the major functions of the investment bank, and provide a brief review of the changes that have shaped the investment banking industry through the aftermath ... Read More

The Investment Banking Interview: Everything Matters, But Fit Matters Most

If you are completely new to the investment banking recruiting process, you are probably wondering how summer analysts and full-time analysts are picked given the vast analytical, academic, and technical talent that exists. As ... Read More

EBITDA vs Cash Flow From Operations vs Free Cash Flow

EBITDA is often used as a proxy for cash flows, but many investment banking analysts and associates struggle to fully grasp the differences between EBITDA, cash from operations, free cash flows and other profitability metrics. ... Read More

Investment Banking Accounting Questions Lesson: Net Income vs Cash Flow

The technical side of the investment banking interview is often comprised of valuation questions, capital markets questions, and accounting questions. When it comes to accounting, a favorite interview topic is the relationship between cash ... Read More

Salary and unemployment rate, by college major

Georgetown's recent survey provides insight into the salary and unemployment prospects by college major.  Here's what we learned: if you major in nursing you will definitely find a job (2.2% unemployment).  Also, the study ... Read More

How an Investment Banker Builds an Accretion Dilution Model, Part 1

Note: you can find a more recent version of this lesson by clicking here. This article is part one of a two-part series.  Click here for part two. One of the core models investment banking ... Read More


The Wall Street Prep Quicklesson Series

7 Free Financial Modeling Lessons

Get instant access to video lessons taught by experienced investment bankers. Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts.