Master the Unlevered & Levered Beta Formulas so you can use them in interviews and on the job in Investment Banking, Private Equity, and Investment Management. In this article, you will learn: TL;DR Want To Learn More About Finance? Ramp up faster with all of our (free) deep-dive articles in our Analyst Starter Kit: What…
Learn how to answer ‘Walk Me Through a DCF’ like a Pro with our proven, 5-step framework
EBITDA is a commonly used profit metric that represents a ‘proxy for Cash Flow.’ However, analysts must be careful when analyzing EBITDA because it excludes the impact of Depreciation & Amortization, Interest, Taxes, Capital Expenditures, and the impact of Changes in Net Working Capital. In this article, you will learn the definition, common uses, and pitfalls…
Master the concept of Negative Working Capital so you can use it on the job in Investment Banking, Private Equity, and Investment Management. In this article, you will learn: TL;DR Want To Learn More About Finance? Check out all of our (free) deep-dive articles in our Analyst Starter Kit: Why Does Negative Working Capital Matter?…
Learn the top Investment Banking Interview Questions you’ll need to master in order to land a coveted role in Investment Banking. In this guide, we’ll cover the most common Investment Banking interview questions that you will encounter. For now, we’ll focus solely on the most common Investment Banking Technical Questions and Answers. Over the coming…
Master the Depreciation Tax Shield concept so you can use it on the job in Investment Banking, Private Equity, and Investment Management. In this article, you will learn: TL;DR Want To Learn More About Finance? Ramp up faster with all of our (free) deep-dive articles in our Analyst Starter Kit: Why Does the Depreciation Tax…
Learn to use the Treasury Stock Method like a pro so you can use it on the job in Investment Banking, Private Equity, and Investment Management. In this article, you’ll see: TL;DR What is the ‘Treasury Stock Method?’ The Treasury Stock Method (‘TSM‘ or ‘Treasury Stock Approach‘) captures the full impact of Options when we…