#investmentbanking
The consultant is on a project out of town. #investmentbanking #womeninfinance #privateequity #hedgefund
thewallstreetskinny
⁉️Question: Why isn’t cash part of working capital? ‼️Answer: In technical terms, Cash is a ‘Non-Operating Asset’ as opposed to items like Inventory, Accounts Receivable, etc. which are ‘Operating Assets’. In plain english terms, Cash is an output of the business and is not employed in the business’ operations. In contrast, an item like Accounts Receivable is directly employed in the business. 🤯Explanation: This is tricky for people who are new to Finance/Accounting, because the Accounting definition for Working Capital is Current Assets - Current Liabilities. And according to Accounting, Cash is a Current Asset. But the entire goal with analyzing Working Capital is to understand how much money is tied up in the business (aside from cash) in short-term assets/liabilities and so Cash is excluded. 𝗙𝗼𝗹𝗹𝗼𝘄 @survivefinance 𝗳𝗼𝗿 𝗮𝗹𝗹 𝘁𝗵𝗶𝗻𝗴𝘀 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 💡𝗥𝗲𝗮𝗱𝘆 𝘁𝗼 𝗯𝗿𝗲𝗮𝗸 𝗶𝗻𝘁𝗼 𝗙𝗶𝗻𝗮𝗻𝗰𝗲? 𝗪𝗲 𝗼𝗳𝗳𝗲𝗿 𝗮 𝗯𝘂𝗻𝗰𝗵 𝗼𝗳 𝗳𝗿𝗲𝗲 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀 𝘁𝗵𝗮𝘁 𝗰𝗮𝗻 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝗴𝗲𝘁 𝗼𝗻 𝘁𝗵𝗲 𝗽𝗮𝘁𝗵. 🔗𝗦𝗲𝗲 𝗹𝗶𝗻𝗸 𝗶𝗻 𝗯𝗶𝗼 #investmentbanking #privateequity #financecareers #financejobs #lbo
survivefinance
Part of MY story is I interviewed for FULL TIME investment banking jobs my senior year without having a junior year finance internship — my internship was at a biotech company. While I made it to super days at tons of firms, I never actually got a job offer. Why? As someone majoring in biomedical engineering, my resume had nothing to back up the story I was trying to sell that I wanted to work in finance! So what I did was I took 3 economics classes my second semester year (taking my total course load to 5 as a second semester senior), I got an internship at the local Smith Barney in Providence — it was in PWM not banking, but it at least showed I WAS interested in finance, and I stuck around college for a 5th year to get a Masters in Innovation, Management and Entrepreneurship to insert myself back into the recruiting cycle. Because that following year I had the combination of coursework, a finance internship and a story that was BACKED UP ON MY RESUME, I landed a job offer at Morgan Stanley, my top choice. Now this was close to 20 years ago. The landscape continues to get more and more competitive, so while that might not work these days, it’s absolutely true that you must have a story that can be backed up by your resume. It’s not enough to say you want something, you need to demonstrate it through your coursework, extracurriculars and yes internships. And even if it’s not the perfect internship, it’s all about how you spin it. <3 #investmentbanking #internship #womeninfinance #financecareer
thewallstreetskinny
The First Black Man On The Trading Floor! Parody 😅 . . . . . . . #daytrading #education #educationquotes #trading #tradinglifestyle #stocks #finance #investment #investmentbanking #investing #wallstreet #economics #finance #business #entrepreneurship #trading #markets #swingtrading #money #pennystocks #onlinebusiness #newyorkstockexchange #forex #wealth #freedom #crypto #financialfreedom
relentlesstrader
New & Improve Day Trading Team House! . . . . . #daytrading #education #educationquotes #trading #tradinglifestyle #stocks #finance #investment #investmentbanking #investing #wallstreet #economics #finance #business #entrepreneurship #trading #markets #swingtrading #money #pennystocks #onlinebusiness #newyorkstockexchange #forex #wealth #freedom #crypto #financialfreedom
relentlesstrader