Buy Side vs Sell Side Webinar December 12, 2018

Transcription

1 Buy Side vs Sell Side Webinar December 12, 2018

2 Agenda Introduction What is the buy side and sell side? How does Kenan-Flagler prepare students? Moderated Q&A with panel Audience questions

3 Introduction

4 Bios Dylan Digman David Huff, CFA Undergrad: Auburn University Prior Experience: BBVA Corporate & Investment Banking Associate Summer Internship: Harris Williams (IB) Undergrad: University of Notre Dame Prior Experience: Portfolio Analytics at FactSet (5 years) Internship Experience: JP Morgan Private Bank (Atlanta) Matthew Hynes Alexis Swist Undergrad: College of the Holy Cross (Math/Accounting Double Major) Prior Experience: PwC Forensic Services (6 Years) Internship Experience: JP Morgan Private Bank (Atlanta) Undergrad: UNC Prior Experience: Tax Senior Associate at PwC Internship: Goldman Sachs Investment Banking

5 Buy Side vs Sell Side

6 Buy Side vs Sell Side Buy Side Investment Management Private Equity Hedge Funds Private Wealth Sell Side Investment Banking Research Advisory Sales & Trading

7 Investment Banking Overview Segmentation Investment Banking Division Sales Investment Banking Activities Research Trading Investment Banking Division Raise Money ( Capital ) Debt (Loans, Bonds) Equity (Stock) Advisory Intermediary between buyers and sellers of companies Sells intellectual capital to execute client demands

8 Wealth Management provides an array of financial advice to clients and prospects Investment Management Help wealthy individuals accomplish goals through successfully managing risk across their balance sheet and portfolio by leveraging worldwide investment universe. Banking Services Private Wealth Management Credit and Lending Wealth and Estate Planning

9 Intro to Investment Management Broad area of finance, most MBA opportunities within Equities Buy side/sell side analyst Buy side research is proprietary and used for the purpose of managing a portfolio of their clients money Sell side sells research to buy side and supports other arms of Investment bank Portfolio managers Sit on the buy side Make the ultimate buy/sell decisions based on analyst research Success measured by the performance of the funds he/she is invested in against benchmark index Many different strategies Active/Passive Quantitative/Fundamental

10 What is Private Equity? Investments in public and non-public companies or assets through privately negotiated transactions. Investments are directly into private companies or buyouts of public companies that result in a delisting of public equity. Private equity managers seek to acquire quality assets at attractive valuations and use operational expertise to enhance value and improve portfolio company performance. Investment Stage / Maturity (low to high) Types of Private Equity Strategies Risk Profile (high to low)

11 Preparation at KFBS

12 Speaker/Education Series Corporate Roundtables / Lunch & Learn Sessions Networking and Discussions with Industry Practitioners Industry Events Ex. ACG Charlotte Deal Crawl Learning & Development Sessions Comprehensive Technical Skills Development Equity Analysis workship Interview Prep Qualitative and Quantitative

13 Example of Club Offerings (PE) Kenan-Flagler Private Equity Fund First for-profit, student-run private equity fund in the country Alternative Investment Conference 12 th Annual Conference March 2019 Speakers are industry leaders Career Treks: New York City, Charlotte Representative Firms from Prior Years:

14 Competitions/Case Studies Stock pitch competitions Alpha Challenge stock pitch at Carolina Inn Darden stock pitch competition Booth stock pitch competition Wharton MBA Buyout Case Competition Wells Fargo & Harris Williams Case Competitions Venture Capital Case Competition

15 Exposure to Top Firms Treks over Fall Break On campus networking opportunities Target school for top employers Off campus recruiting Strong alumni network Buy side

16 Buy Side Recruiting Recruiting is largely off-campus and student-driven Internships are generally not finalized until the spring and typically come with the understanding that a full-time position may not be available upon graduation Representative timeline:

17 Moderated Q&A

18 Questions?