Investment Banking Insights
What information do you need to know as an aspiring investment banker? Join career-switcher and MBA student Alex Mason as we journey together to uncover the technical (including the famous "400 interview questions") and not-so-technical aspects of the investment banking profession.
Episodes
343 episodes
Lessons From The Summer Internship (Banking De-brief)
It's time to reflect on my summer internship in investment banking! Here are the high level lessons I learned.
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Episode 340
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16:43
Valuation Methodologies You Should Know
Aside from the basic three methods of valuing a company, here are a few other valuation methodologies you should know.
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Episode 338
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3:58
Three Major Valuation Methodologies
Today we cover the three major valuation methodologies!1. Comparable Companies2. Precedent Transactions3. Discounted Cash Flow
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Episode 337
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5:45
How Do You Account For Convertible Bonds in Enterprise Value?
You might know the basic equation for calculating enterprise value already. But how do you account for convertible bonds as part of that calculation?
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Episode 336
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3:21
Calculating Fully Diluted Shares (Treasury Stock Method)
Let's learn how to calculated fully diluted shares for a company using something called the Treasury Stock Method.
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Episode 335
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7:52
Breaking Down Enterprise Value
Let's break down enterprise value together today!
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Episode 334
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6:38
Goodwill: What Is It Anyway?
Goodwill is one of those weird accounting concepts that doesn't come naturally at first. But it's super important and not that hard to understand once you break down the underlying logic of it. Today we'll learn about goodwill! It's critical fo...
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Episode 333
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6:41
Let's Talk About EBITDA
What is EBITDA and why do we care about it as investment bankers?
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Episode 332
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6:13
GAAP vs Non-GAAP Earnings
What's the difference between GAAP and the ambiguous "Non-GAAP" earnings that we often see in company financials?
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Episode 331
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5:51
When Do You Capitalize Or Expense A Purchase?
Capitalizing a purchase vs expensing it can be understood by looking at the differences between the Income Statement and the Balance Sheet. Let's check it out!
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Episode 330
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5:42
Why Collecting Cash Is Different From Earning Revenue
I used to think that when a business "made money" it was the same thing as earning revenue, as well as collecting cash. But then I realized I was wrong. Today we cover a basic accounting principle that's important for investment bankers to unde...
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Episode 329
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5:08
How Do You Account For Asset Write-Downs?
When an asset gets written down in value, how does that impact the financial statements? What happens when debt gets written down too?
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Episode 328
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9:43
Working Capital Explained
What does it mean for capital to be "working"? Today we unpack this concept, which is plays an important role in understanding the balance sheet, cash flow, and projecting cash flows in a DCF model.
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Episode 327
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6:35
Negative Shareholder's Equity - Is It Possible?
Can Shareholder's Equity be negative on the balance sheet? And if so, how?
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Episode 326
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7:08
Company Sells A Product
What happens when a company sells a product, and how are the financial statements impacted? We'll assume the product is sold for $20 and it costs $10 make.
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Episode 325
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5:42
Company Buys A Factory
What happens to the financial statements when a company buys a factory with debt? We'll look at this scenario at Year 0, Year 1, and the end of Year 2 / start of Year 3.
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Episode 324
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13:44
When Inventory Goes Up By $10
How do you account for changes in the financial statements when inventory increases by $10?
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Episode 323
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3:47
Walk Me Through $10 Of Accrued Compensation
How does accrued compensation work on the financial statements? Today we'll work through a simple problem to find out.
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Episode 322
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6:16
Walk Me Through $10 Of Depreciation
Let's put our knowledge of financial statements and depreciation to work to solve a simple investment banking accounting question.
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Episode 321
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9:14
Understanding Depreciation and Amortization
Depreciation and Amortization always seems like funny concepts to me, but now that I have studied them in more detail I understand why they exist.Today we'll go over the basics of what D&A actually are and why they matter.
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Episode 320
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6:05
Connecting The Three Financial Statements
We covered what the three financial statements are, and their most basic components. What how do they connect to each other? We'll cover some of the major connections between the three financial statements.
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Episode 319
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10:50
Cash Flow Statement Fundamentals
Today we're talking about the fundamentals of the cash flow statement! (my personal favorite)
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Episode 318
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7:41