Don’t Wait For Companies to Come to You

So you hopped on one of the finance job posting boards  and found the perfect job available. You tailored your resume specifically for the job posting, and your cover letter is perfect. You click ‘submit’, and you wait. You’re doing it wrong. Don’t wait for the company to come to you. Follow-up a week later. [...]

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The Top 5 BEST Sites for Finding and Applying for Jobs in Finance

There’s a ridiculous amount of websites where you can find a job, and the ones you see advertised on TV are the absolute LAST ones you should be looking on. This is comprehensive list of the best sites for finding jobs in finance. It’s a short list, but its comprehensive. There’s really not a lot of them. [...]

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How To Tell Your Story in a Finance Interview

Before you craft you story, you have to know what you want to do in the world of finance. Most people looking for a job in finance have NO idea what they want to do in the world of finance. I know this, because I was one of them. I left college not really having [...]

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The Two Most Effective Ways for Finding a Job in Finance

There are two main ways of finding a job, the networking way and the “Apocalypse” way Networking your way into a job This may be the most important rule: you have to put yourself out there and reach out to everyone who is even barely connected to you. There are plenty of reasons why you [...]

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What the Perfect Finance Job Candidate Looks Like

If you’re out of college already or going through a career transition, this post will give you an idea of what your competition looks like. Hopefully you’ll take this the right way and parlay this information into a harder work ethic when job hunting. If you’re still in school, use this list as a guide! [...]

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Porter’s Five Forces In Action: Sample Analysis of Coca-Cola

Since its introduction in 1979, Michael Porter’s Five Forces has become the de facto framework for industry analysis. The five forces measure the competitiveness of the market deriving its attractiveness. The analyst uses conclusions derived from the analysis to determine the company’s risk from in its industry (current or potential). The five forces are (1) Threat [...]

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The Difference Between Market Value of Invested Capital (MVIC) and Enterprise Value (EV)

Throughout your finance career, you’ll develop a preference for the term market value of invested capital (MVIC) or enterprise value (EV) in reference to total firm value. What is the difference between market value of invested capital and enterprise value? Let’s start with similarities. 1. They are both measures of total firm value, that is they both [...]

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What is the Enterprise Value (EV)?

Enterprise Value (like MVIC) is one measure of total firm value. It is the sum of the market value of all claims against a company’s assets, including claims by equity holders and debt holders. It is a value that is “capital structure independent,” which just means that a change in the company’s capital structure would [...]

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What is the Market Value of Invested Capital (MVIC)?

The Invested Capital (IC) of a company is one measure of total firm value (like Enterprise Value). It represents the value of the core operations of the business. Alternatively, IC can also be defined as the combination of shareholder’s equity and interest-bearing debt. Whereas invested capital typically refers to the book value of invested capital, [...]

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Apples to Apples, the Most Important Rule in Finance

A new analyst may hear the term “Apples to Apples” used a lot in their first finance job. What does it mean? It’s really not that difficult, it just means that you should compare two things that are similar, or you should apply the correct multiple to the correct financial metric.  The following is an [...]

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