The Business of Investment Banking 3rd (Third) Edition byLiaw

by Liaw

A comprehensive overview of investment banking for professionals and students The investment banking industry has changed dramatically since the 2008 financial crisis. Three of the top five investment banks in the United States have disappeared, while Goldman Sachs and Morgan Stanley have converted to commercial banking charters. This Third Edition of The Business of Investment Banking explains the changes and discusses new opportunities for students and professionals seeking to advance their careers in this intensely competitive field. The recent financial regulation overhaul, including the Dodd-Frank legislation, is changing what investment banks do and how they do it, while the Volcker rule has shaken up trading desks everywhere. This new edition, reflecting the current state of the investment banking industry, arrives in time to better serve professionals wanting to advance their careers and students just beginning theirs.

Genres: Finance

Hardcover

First published October 5, 2011

Reviews

[Mumtaza Rizky Iswanda · Rating 3 out of 5]

It's what the title tell us: an overview
No in-depth discussion, just bunch of overviews anyone can get on internet blogs

[Kunal · Rating 2 out of 5]

I read this book at the wrong stage of my career. This is a good book for anyone who is in either in college or a career switcher looking to learn about investment banking in general and the different functions within an investment bank. As someone who has specialized in leveraged finance the past several years, I genuinely was just not interested in learning about some of the different equity and trading groups as there is no real connection of these groups to my current job / what I want to eventually do down the road. That being said, the book does explain how the different investment banking groups function / and the role they play which should be common knowledge for people in the industry now. Also, it dives deeper into specific groups and is helpful for anyone who is at a loss at which specific investment banking group you are interested in pursuing. Again, wish I would have read this book when I was a junior / senior in college as opposed to after having worked in the industry for 4.5 years