Corporate Finance
GM
Dell
Polaris
How is an investment bank different from a commercial bank?
An investment bank advises businesses. A commercial bank advises individuals.
How many pages should a resume be?
1
What are the three financial statements?
Income Statement, Balance Sheet, Cash Flow Statement.
What is the "Red Cup Advantage"?
Being a more social/party oriented, we have unique social advantages that Ivy League schools may not have. This differentiates us from the pack.
What is the primary objective of Corporate Finance?
Help businesses maximize profit by increasing revenue and decreasing costs.
Name one of the two functions of investment banking.
Advising - M&A, Restructuring
Capital Raising - DCM, ECM
Name the key header titles that a good resume may have.
Personal Information, Education, Work Experience, Interests/Extracurriculars
If you only could look at one financial statement, which one would it be and why?
Cash Flow Statement because it tracks the overall financial health of the company.
How long should an elevator pitch be and what is the main content of an elevator pitch?
1-2 minutes, and it should answer the following questions:
Who are you? Why are you interested? What relevant experiences prove that interest? Are you a unique candidate?
Name one division in Corporate Finance.
Accounting, Operations, FP&A, Investor Relations, Treasury
Product - Function-related
Coverage - Industry-related
How can you make an appointment with the Russell Palmer Center?
Appointments on Handshake or drop-by resume reviews. (Bonus points if you remember Cherry Sun who presented to us for Russell Palmer)
What are the three (or four) main valuation methodologies?
Discounted Cash Flow, Precedent Transactions, Comparable Companies, (Leveraged Buyout Analysis)
How long should a networking call last and how do you find people to network with?
30 minutes. You find people via LinkedIn or another social platform.
What are some responsibilities related to roles in FP&A (Financial Planning and Analysis)?
Anything related to:
Prepare, Analyze, and Predict firm's financial performance.
Describe 1-2 common exit opportunities that investment bankers will pursue after an analyst stint.
Private Equity, Corporate Development, Hedge Funds, Venture Capital
What is the method used in creating strong bullet points for your experiences.
WHO Method (What you did, how you did it, and the result)
We will also accept STAR Method (Situation, Task, Action, Result)
What does EBIT stand for and how is it different from EBITDA?
Earnings before Interest & Taxes
Earnings before Interest, Taxes, Depreciation & Amortization.
Give your elevator pitch for free points.
Whoever is the first to give the presentor feedback (1 strength, 1 area for improvement) can earn 200 bonus points.
What are the three main functions of Corporate Finance?
What are the 4 'tiers' in the investment banking industry?
Boutique, Middle Market, Bulge Bracket, Elite Boutique/Independent Advisory
Adding unique and personal interests which demonstrate key characteristics (Integrity, hard work, team player, etc.)
Walk me through a DCF.
Starting with the Income Statement, you have to develop projections of future FCF. Then you discount it back with your discount rate (which is usually WACC) to reach a PV of those FCFs. Next, you find the terminal value by applying a multiple to the terminal year EBITDA or by applying a growth rate to the terminal year FCFs. Finally, you add the PV of terminal value to the PV of the FCFs in order to reach the Enterprise Value of the Company. (Extra points if you trace back Enterprise Value to Share Price)
What hand should you hold a glass in during a networking event?
Your left hand, so that you are always free to shake someone's hand with your right.