Investment Banking Explained: An Insider's Guide to the Industry |  | Author: Michel Fleuriet
Publisher: McGraw-Hill
Category: Book
List Price: $49.95
Buy New: $31.32
as of 9/7/2010 06:05 CDT details
You Save: $18.63 (37%)
New (28) Used (23) from $24.99
Seller: sbd-
Rating:  2 reviews
Sales Rank: 29277
Media: Hardcover
Edition: 1
Pages: 352
Number Of Items: 1
Shipping Weight (lbs): 1.5
Dimensions (in): 9.1 x 6.4 x 1.3
ISBN: 0071497331
Dewey Decimal Number: 332.66
EAN: 9780071497336
ASIN: 0071497331
Publication Date: June 26, 2008
Availability: Usually ships in 1-2 business days
| |
| Also Available In:
|
| Similar Items:
| |
| Editorial Reviews:
Product Description
Insider guidance to the modern world of investment banking today In Investment Banking Explained, Wharton professor and global financier Michel Fleuriet provides a complete overview of investment banking in its modern form; defines key terms; identifies structures, strategies, and operational aspects; and analyzes the strategy in each of the main functional areas of an investment bank.
|
| Customer Reviews:
A very insightful guide to the business of Investment Banking April 1, 2010
Jakub Kaplan
3 out of 3 found this review helpful
Q:What is this book about?
Professor Fleuriet is definitely an expert in his field. I read the book because I am due to have an internship at an investment bank, and I had felt that my overall knowledge about the area is fairly lacking.
"Investment Banking Explained" does what it claims to do: it gives you a straight and clear overview of all the major areas of the business. It successfully treads a fine line: neither does it give you too much detail, which would make you lost in the text, nor does it give you too little, which is something many books attempting to be clear do.
For example, Professor Fleuriet explains what a CDO is and then, yes, assumes you are familiar with what it is in order to go on in explaining further concepts based on this. You do not need to be familiar with the jargon at all, yet after reading the book you will have a good overall understanding, which is what the book aims to give you.
Another feature is Professor Fleuriet's attitude, more "describing" than "judging", when explaining the various concepts. For example, he points out that there is a fair amount of doubt as to whether a high majority of M&A transactions actually creates value for the acquiring shareholders. In other words, unlike most books claiming explain Investment Banking, Professor Fleuriet really does just that, without implicitly or explicitly telling you what you should think. It's your job to think it through and make up your mind. But that is certainly hard to do if you read about IB from one of the myriad of titles "clarifying" how IB is really just a bunch of fat, greedy bankers sitting on horrendous amounts of money. You may or may not agree with that, but probably you would like the book rather to explain what these fat, greedy bankers do in the first place. That's what you get from this title.
Considering the book was published in mid-2008, one can understand the little amount of coverage given to the recent crisis, which really started to spread widely in the news in early August 2007. Sometimes I thought, though, that the book could incorporate more on some of the revelations the recent crisis gave concerning how the various new financial structures have actually been performing. Not that I would be in the dark about it, but after reading this book, I certainly am interested on what Professor Fleuriet thinks about that.
I would like to express my thanks to Professor Fleuriet for his expert explanation. The book was certainly worth the time.
Really solid overview of the industry. June 25, 2010
Igor Razumnyy
Starting from very beginning of banking in general this book brings readers to easily understandable overview of investment banking activities nowadays. Nice to see comments on relationship of investment banking industry to financial crisis of 2007.
Bit expensive given that no technical details are included but still from my stand point it's good value for the money.
|
|
|
