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Investment banking and private equity are not as mysterious or beyond grasp as they may be portrayed, however, without Paul's series of books I would still be in the dark. For anyone looking for a practical and applicable understanding of how to develop one's skills as an analyst, or hone their comprehension from an associate's point of view, these books are invaluable. The author, Paul, is a wealth of first-hand knowledge, and is a true professor when it comes to helping his readers reach that "aha!" moment.
I purchased the books because I am a career changer, and the understanding that I've received from Paul's guidance has helped me become a capable and formidable analyst when compared to anyone on the Street. Furthermore, the information provided in the books is great to have on hand as a reference; for instance, during a merger, if one would need to find the average percentage of goodwill to be allocated to amortizable intangible assets in a particular industry... it's right there.
Hope this helps others the way that it's helped me!
This book is fantastic! I am a career changer and it definitely reinforced - as well as filled in the gaps - where my b-school courses were lacking. For instance, both this book AND Paul's "Financial Modeling and Valuation" book thoroughly explain how to actually go about doing research in order to optimize the inputs in your financial model. (This part of the modeling process was never really taught in class). Along with the included case study, this book carefully explains each step of the merger modeling process so that an absolute Excel novice can understand and feel confident about the process. I highly recommend it to anyone who is considering going to business school and specializing in finance, as it will give you a edge in class. As in my case, it was a fantastic refresher and supplement which has allowed me to take on valuation projects of my own in order to build my resume.
Great book to get to know the fundamentals of investment banking and M&A specifically. The author explains very thoroughly all the modeling techniques and how to approach a merger/acquisition case from a technical stand point of view. In addition, I've found very helpful the included real case study, which is a great tool not only to master the modeling techniques, but also to understand the whole acquisition process and the dynamics behind it.
The series is a great learning tool whether the ultimate goal is a career in the investment banking field or simply better management of personal financial investments.
This is a great read! A superb tool when looking to increase your knowledge in investment banking concepts in the mergers, acquisitions, and restructuring field. It takes the basics of modeling and builds upon what was talked about in the Financial Modeling and Valuation book. A must have for any one in the field or looking to get the knowledge to excel in the investment banking arena.