Monday, July 6, 2009

Scoopbooks: The Recruiting Guide to Investment Banking

As an objective source of information on investment banking interviews and the associated recruiting process, we endeavor to provide our audience with the information necessary to excel in interviews and land jobs as analysts and associates. After reading Scoopbooks' guide to interviews and the recruiting process, cover-to-cover, I can honestly recommend this guide to every junior-banker hopeful that dreams of working in the investment banking division of any bulge bracket, middle market, or boutique investment bank.

Those of us with siblings, parents, relatives or close friends who have worked in banking naturally have a leg up on the competition because we are privy to the insiders take on the entire recruiting process. The first two parts of the book (The Recruiting Season and Life For A Junior Banker) completely level the playing field because the pages in these sections embody what your brother, dad, friend or relative might tell you. You still need this book even if someone close to you is willing to give you the low-down on the recruiting process; you will be THAT much more prepared.

Part 3 of the book is a nice refresher for the technical aspects of interviews. It breaks things down into the fundamentals and would probably be helpful for non-finance majors (like myself once upon a time). Let me be clear, there are lots of resources that provide this sort of information; Part 1 and Part 2 of the book is the reason for buying it. The book costs $29.95 U.S. and is worth every dime. There might be a few copies available on Amazon for cheaper but buying through Scoopbooks' direct site will probably be more fruitful: http://www.scoopbooks.com/

Next post update:
After lots of questions about the "best" financial modeling training program, IBDPrep is formally recognizing Wall Street Prep as the most comprehensive and well-rounded training program in the marketplace.



After personally participating in and reviewing the training programs of three most popular financial modeling courses (Training the Street, Dealmaven, and Wall Street Prep) we declare Wall Street Prep the winner. We've reached-out to Wall Street Prep and they have offered to give a 15% discount to our readership! We will be publishing a complete review of Wall Street Prep's Premium Package self-study course in the next couple of weeks so stay tuned. You can start your training program in the meantime by using these codes for a discount:

Code for live seminars: ibdpreplive

Code or self-study programs: ibdprep

28 comments:

Anonymous said...

I've seen other comments on another website but this book discourages all the students who are not going to Harvard or prinston.

IBDBlogger said...

To the comment above: I completely disagree. Maybe you heard that somewhere but if you actually read the book you would know. The author encourages all "non-traditional" candidates to apply for banking jobs. The author suggests that opportunities in banking have never been so available to non-core recruiting school students and students of diverse ethnic and racial backgrounds.

Unbreakable said...

I would have to agree with you IBDB, i have few friend who went to so called non traditional schools and they have job in banking.

I however am now seeking a Banking job i have grown to love investment banking as i have a few investment myself.

I read your blog and fallow your Tweets on a daily basis, it keeps me inform.

I will be starting a second blog for the purpose of showcasing my resume and Cover letter. I would love to hear any advise you have to offer. It will be appreciated.

Unbreakable said...

This book seem to be a good read, is it in stores as yet and if so where can i get it other than online?

Anonymous said...

From what I've seen, this book is only sold online. You might try contacting Scoopbooks directly for that information.

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this book has to be read. it is intriguing.
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askivy said...

I also think those books are edited by people out of the industry, and they havent been updated for a while.

If you want to know more about banking and interviews, you should check out www.askivy.net

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This information will really help job seekers. Hoping you will be there with more information on investment Banking.

Online Banking said...

Topics on investment banking are really hard to find from good authors. As it is a tough subject not everyone has a command on it.
Getting free quality online material will be quite hard.

Dean said...

greetings to all.
I would first like to thank the writers of this blog by sharing information, a few years ago I read a book called costa rica investment in this book deal with questions like this one.

magnusvanderbild said...

Denne boken er svært interessant teorier er relevante!

Caroline said...

Admiring the time and effort you put into your blog and detailed information you offer! I think you made a great point. One that I have been thinking about as well.


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interview preparation said...

This information is very useful for job seekers. Thanks very much for posting.

Boutique Investment Bank said...

Hello Dude,

Very good site you have created. The recruiting guide to investment banking provides insights into many of the formal and informal aspects of working on wall street. Thanks a lot for sharing with us...

Brett @ Financial Modelling Training said...

I totally agree with your recommendation for Wall Street Prep, with one caveat.

I believe Wall Street Prep is the best provider of corporate finance training (i.e. M&A, LBO related training).

For those interested in project finance training (including a lot of free material), you might want to check out the Financial Modelling Training Video Financial Modelling.

rager4me said...

Many Investment Banking firms offer professionals whose perspective on any engagement is limited to their background and experience primarily as bankers - a financial perspective singularly focused on a specific transaction.

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ibhacker476 said...

Everybody has its own way of understanding in every things. And For me I will share my way of understanding about investment banking. But anyways thank you for sharing your knowledge to everyone.

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