Assuming you go to a , your first networking in banking experience will be on-campus, and so the question invariably pops up “Is it a strategy worth pursuing?”
Well, for sure – because just like the fat walking-challenged birthday boy, all you have to do is sit around on-campus and wait for everyone (banks, college, clubs) to come to you. It’s just so easy!
The will hold investment banking information sessions, canapé-n-drink fueled networking chats and even interview you on campus, however informally.
Your will lay on financial career fairs, banking career talks and other industry crutch-grabbing shindigs.
Meanwhile will put on mixers for students interested in becoming investment banking analysts, giving you even more contacts and knowledge.
But the catch is you’re not the only birthday boy at this party. In fact your entire year level will be joining you and you’re really not that special.
So the unique quality that makes investment banking networking on-campus so attractive – being how accessible it is – is also its downfall. In fact, it’s so easy to attend that even students with barely-there hard-ons for investment banking will come to these sessions. and almost no barriers to entry.
No wonder then that these investment banking networking events (with or without bankers) are more likely to resemble the killing fields depicted in a National Geographic Serengetti Special rather than a Professional Career Event.
There are to get a fistful of business cards, half-assed answers to lame questions and a couple cups of complimentary liquor.
The final potential death knell is that these events often take place so close to – sometimes even just days before – that they’re unlikely to help you establish any long lived relationships with bankers (unless you are a junior).
Our end conclusion is “, but don’t make this the last stop on your networking ways”.
They are the most gaff-filled event on Earth and yet we still think you should go, so let us explain ourselves.
There’s significant talk out there amongst banking bloggers that on-campus information sessions / mixers are really . And certainly, in some respect they can do more harm than good.
We are talking about events where the sheer number of students trying to stand out and impress bankers is enough to have you bolting for the exits after all – the x-rated is enough to make you reach for the freaking sick bag at times. And with the downright awful, maybe these events should be no gos.
But you get into investment banking. Think bank presentations, 5-1 student-banker conversations, and most of all speaking to fellow grads in the know. And since these are amongst the top 15 goals of networking in banking, on-campus events are worth a shot.
Plus if you take the initiative to make contacts with bankers via very brief intelligent questions and comments, and you (this is the key), you’ll have a rocking time.
(1) we took away pages of valuable scribbled notes and advice, (2) met dozens of high-quality people; both bankers, HR & fellow switched on students, (3) racked up multiple resume passes and (4) received many requests to call and interview outside normal recruiting.
And think about the . We racked up all this courtesy of barely a handful of afternoons and evenings spent on-campus (probably a collective 20 hours in total…that’s it!). The message I’m trying to scream is that on-campus networking is rewarding, painless and efficient. The freaking bankers are coming to you remember…and in droves!
Thankfully if your on-campus networking efforts end worse than my recent Ghanaian-goldmine speculative play there’s still a consolation prize to cushion the blow.
Oh, and perhaps a little lukewarm canapé too?
Check out the complete guide on invesment banking networking on-campus.
Richard is the head writer for Inside Investment Banking – a one-stop shop of advice for students just like you who want to know how to Break into Investment Banking without a 4.0 GPA from Harvard or nepotistic connections on Wall Street.
Created by a team of 5 young bankers, Inside Investment Banking contains all the real insider advice you need to write killer banking resumes, answer tough interview questions, network with bankers and much more.
You can read more Free Tutorials on Investment Banking Recruiting just like the one above by visiting Inside Investment Banking now.
Watch the video related to investment banking
www.globalchange.com Fund management is vital to pensioners wealth and portfolio managers have a major responsibility to protect our future. This is a noble cause. Lecture by Dr Patrick Dixon
I invested a few hundred dollars in the J. Crew IPO, the day after it went public. My commission through Scottrade was a $7 limit order and I only bought 15 shares. I've made over 40% on it. Just be careful and research the company thoroughly before putting money on an IPO because most do not do well.
Usually your larger more reputable brokerage houses save those calls for their best money-making clients, since IPOS can make you a nice profit. Don't buy in the after market. Call a larger brokerage firm, with a reputable name, so you get a probable winner of an IPO, and hope ya got the dough to commit to a good amount or they'll just save iot for their regs-but schmooz, and tell them you'll open an account if they call you on an IPO to start with, call 5 or 6 large firms with this offer, one will bite. Good luck.
I can answer this question from a US based perspective. The price of a mutual fund is completely irrelevant. Just as the price as a factor by itself for a stock is irrelevant.
New mutual funds are smaller than established mutual funds, so the assets are easier to manage. Good mutual fund managers may be able to produce better results with the new mutual fund due to the size and lack of cash inflows. New mutual funds do come with risks not normally associated with established mutual funds such as having no track record. You do not know how the mutual fund will perform in various market environments.
I hope this helps.
Michael A. Weiss, CFA
The Editor
The Mutual Fund Investor
http://www.mutualfundinvestor.net
It really depends. Some companies have gone years without paying dividends as they reinvested all the earnings to grow. Intel and Microsoft are good examples of this.
There is a theory that says that dividends are not the most efficient way to distribute income to shareholders as they are effectively taxed twice (once as earnings and once as dividends) so if a company has good investments with high returns, it should do that rather than pay dividends.
Sadly, IPOs aren't as easy as entering a trade.
ScottTrade, E*Trade, Goldman Sachs – all the brokers – are awarded an allocation of the IPO shares. They then divy up their share among their customers.
In the event that oarticipation in the IPO isn't very sought after, you might be able to get shares.
Otherwise, ScottTrade, if they even have an allocation, will look at the list of their customers who asked for shares and how many, and allocate to their best customers. So unless you are a major acount holder, chances are you won't get an allocation.
Your next option is to try and purchase shares on the open market.
Yes, if you are as smart as you sound, why would you ask random people via Yahoo answers? But, to be honest, who says you can't make money domestically? I recommend you at least look at GME (Gamestop). I have very high expectations for them this Christmas season. I also recommend, Apple (AAPL), Google (GOOG), Research In Motion (RIMM), and Dick's Sporting Goods (DKS). As for Middle East infastructure, I cant help you there, but I gave you a couple of big winners, I suggest you at least look into them.
Good Luck
- Black
You need to learn the basics before investing your hard earned money. Most new investors think that IPO's are an easy way to make money. The reality is that far more stocks tank after the IPO than go up. Look up Blackstone, Discover and most other recent IPO's. Its nearly impossible for a lone investor to value a private company.
Find out who its main competitor's will be (find the best-of-breed competitor in its sector) and compare it's projections to that. That's probably a good start.
Yes, i believe so. Because some firms underprice their stocks to attract more interest. Invest in the shares then sell them when the price goes up. But i suppose not all stocks are underpriced in IPOs, you'll have to research throughly.