Banking at Michigan: Resources

A repository of information to help you navigate the investment banking recruitment process

BAM’s Investment Banking Preparation Material

General

• **UPDATED** Main Investment Banking (IB) Recruitment Guide v4 (+220 slides covering process overview + practice behavioral & technical questions; includes answers and past interview questions)

• IB Vine (web app with 400+ crowdsourced practice questions segmented by technical topic)

• Email Guide

Supplementary Material Created by Banking at Michigan Team

• Investment Banking 101

• Private Equity vs. Venture Capital

• Investment Banking Products & Roles

• Investment Banking Networking 101

• Introduction to Diversity Recruiting

• Behavioral Question Preparation

• Resume & Cover Letter Introduction

• Alternative Industries & Technical Topic Preparation

• How to Navigate Interview Preparation Guides

• Accounting & The 3 Financial Statements

• Enterprise & Equity Value

• Discounted Cash Flow & Valuation

2024 Summer Analyst Recruitment Timeline

• 2024 Recruitment Events

  NOTE: This timeline and event information is specific to the University of Michigan. However, some events will be available to a wider, more general student population, especially if the event is virtual. This is not an exhaustive list and prospective candidates should always do their own research to verify this information & ensure that deadlines have not been modified over time.

Additional IB Recruitment Resources

Helpful, but not mandatory, preparation resources
(All rights reserved to original authors; see Fair Use statement at the bottom of this page)

Investment Banking Interview Preparation

• 400 Questions Guide (most important technical guide)

• NYU Stern's AKPsi Chapter: Investment Banking Recruitment Overview (overview of process)

• Technical Interview Prep Guide (essentially condensed version of BIWS guide—use for learning)

• Western Investment Club: Recruiting Guide (overview of process and some technical practice)

• Vampire Squid Podcast (select, relevant episodes in the 001-016 range are great for learning through a different form of consumption)

• Street of Walls: Paper LBO (great for learning mechanics of LBOs by doing)

• Multiple Expansion (collection of educational resources from several investment bankers and private equity professionals)

Modeling

• A Simple Model (hands-on modeling experience for beginners)

• Valuation University (basics of financial modeling)

Investment Banking Overview

• Banking at Michigan: Blog

• Mergers & Inquisitions: Investment Banking Blog

• Street of Walls: Investment Banking Blog

• The Lobby: Investment Banking Blog

• Duke University: Investment Banking Demystified

• Morgan Stanley: Quick Guide to Investment Banking

• Vault: Best Banking Firms

• Banking at Michigan: Comparison of Bulge Bracket Banks (created by Fall 18 BAM Analysts)

• Banking at Michigan: Comparison of Boutique & Middle Market Banks (created by Fall 18 BAM Analysts)

Daily, Conversational Newsletters

• Morning Brew

• Robinhood Snacks

• Matt Levine’s Money Stuff

General Reading

• Bloomberg

• DealBook

• The Wall Street Journal

Important Note

The most important guide is the BIWS 400 Questions Guide. We cannot make this guide public on our website. However, we encourage you to reach out to us for any supplemental information that you may be looking for— we are more than happy to help in any way we can.

Fair Use: Copyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.