Best Read (Book) on Investment Banking
The purpose of ‘Investment Banking: The Dream Begins’ is to give you an overview of the critical skills, issues, and methods involved in business valuation.
If you go online or into a bookstore looking for books on business valuation, you’re likely to find volumes that are written more for people who’ve already been exposed to business finance, accounting, or management training. I’m pretty sure that a complicated textbook isn’t what you need, irrespective of your educational background.
The purpose of ‘Investment Banking: The Dream Begins’ is to give you an overview of the critical skills, issues, and methods involved in business valuation. The book discusses, in the Vanilla Language, the valuation tools used by investment bankers across the globe. If this book can give you an understanding of the basics of business valuation and of the tools you require getting the right valuation for the job, we’ll have accomplished our purpose.
The book acts as the first guide to the capital markets’ aspirants and as a useful resource and reference for the capital market participants who quickly wish to learn the valuation of companies or refine and fine-tune their skills and compare the companies on fundamental basis for mergers, acquisitions, private equity investments, etc. This book is also highly beneficial for investment banking trainers providing various training programs on valuation of companies.
The author really enjoyed writing this book. Hoping, you enjoy reading it. If you know nothing about investment banking and its history, we suggest you start with Chapter 1. But this is a reference book, so feel free to jump around a bit. For example, you can see the process for making a PE deal in Chapter 4, and if you want to see directly the valuation tools used by investment bankers, head to the Part 3 of the book.
Part 1: Investment Banking
Chapter 1: The Origin of Investment Banking
Chapter 2: The Business of Investment Banks
Chapter 3: Equity Offerings & Exits
Chapter 4: Private Equity
Part 2: Financial Statements
Chapter 5: Understanding Financial Statements
Chapter 6: Cleaning of Financial Statements
Chapter 7: Analysing Financial Statements
Part 3: Valuation
Chapter 8: Valuation Overview
Part 4: Relative Valuation
Chapter 9: Comparable Company Analysis
Chapter 10: Comparable Deal Analysis
Part 5: Excel Shortcuts for Windows and Macintosh
“Thanks to the concepts explained in this book, my team bagged the FIRST position in IPO Valuation Competition at IIM Indore.”
Participant at IIM Indore
“I really like how some of the most complex concepts around valuation are explained in the book. More specifically, for a beginner this book could lay the groundwork upon which a strong platform can be built to launch a career in the I-banking industry..”
~ Aanalyst, Jefferies
“Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage — to move in the opposite direction. Tapan is one such genius. Complex IB topics are elucidated in a simple manner.”
~ Analyst, KPMG
Investment Banking : The Dream Begins