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The Business of Investment Banking

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Title: The Business of Investment Banking
by K. Thomas Liaw
ISBN: 0-471-29305-9
Publisher: John Wiley & Sons
Pub. Date: 01 February, 1999
Format: Hardcover
Volumes: 1
List Price(USD): $110.00
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Average Customer Rating: 4.07 (15 reviews)

Customer Reviews

Rating: 4
Summary: Good introduction, but no details
Comment: This is an excellent book for anyone wondering what Investment Banking is all about, but who doesn't want to learn how to price a company. It describes in sufficient detail, for the reader to understand, the concepts underlying Investment Banking and what they really do in the Investment Banking world as well as explaining in easy (relatively) terms the jargon that is used in the business.

If you want the theoretical underpinnings of the financial world, this book is not for you. If, on the other hand, you're an aspiring Investment Banker that wants to know what it is all abour or if you're just curious about what the Investment Banking business is about: buy this book as a primer/introduction and if you find it interesting, search for a more theoretical book.

Rating: 3
Summary: good overview but expensive
Comment: This book is a good overview of the investment banking business, but it is quite expensive. I would strongly recommend instead or in addition the Vault Career Guide to Investment Banking.... The Vault guide includes more detailed overviews of all the departments and functions of an investment bank including corporate finance, M&A, sales, trading, private client services, credit, etc. If you are a job seeker in investment banking also try the Vault Guide to Finance Interviews, which contains actual investment banking finance interview questions and answers and which I found to be enormously valuable in my Wall Street job search.

Rating: 5
Summary: Fantastic, easy to understand overview of the business...
Comment: This book is very well written and very easy to understand. It touches on most of the various aspects of the business without over-focusing or under-focusing on any particular area. A definate business school quality textbook, or an excellent reference source. Real life examples are given to further your hands-on understanding. I emailed the author, and my email was quickly responded to in a very friendly manner. I highly recommend this book for anyone wanting to learn the business of investment banking.

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