Investment Banking Series Post 3 Pitch Books 1. What is it anyway? A pitch book is the paramount of days and nights of a banker's hard work. It is a marketing tool that tries to set apart basically very similar banks and to support the claim that THIS bank, and NO ANY OTHER should be selected to arrange the deal. They say pitch books used to be actual books, but in the present world they are Power Point presentations printed out and bound in a plastic cover. The main purpose of the pitch book is to deliver two messages to the prospective client: (1) "we understand your business very well", and (2) "when it comes to arranging your deal, we are the best fit". Both claims are usually weak at best, but they are made elaborately and extensively, and the resulting multi page document often looks impressive. 2. Typical structure A pitch book will have varying structure depending on what product is being proposed, but there is a lot of similarities. Below is o...
Comments
That's true it's not the best time to try to change your employer right now, especially in the financial services industry. And yes, I heard of many top-tier investment banks laying people off en mass.
But there are still some companies that hire, at least here in Japan.
Cant you see. He is working with large IBank of Japan. Read his profile "I am a humble investment banker (if such thing exists), working in a leading Japanese investment bank."
Lucky man.
The way SMBC invested in Barcleys, you can feel Yen rising again.
Came back to this blog after a long time. Good to see so many people participating.
So finally what is your status? Are you working with bluechip Ibank or got downsized?
Thanks for the CFA link
NP