Job Search in Finance
description
Transcript of Job Search in Finance
Leveraging Baker Resources:
Your Job Search in Finance
Cynthia Churchwell, Information Research SpecialistOctober 16 and 20, 2008
Areas we’ll cover today:
• Overview of Baker Library | Bloomberg Center Web site• Industry Overviews• News and Trends• Information ON Investment Firms• Research BY Investment Firms• Investment Research Process• Rankings and Deals• Career Resources• Additional Resources
So, you’re looking to land a job in Finance?
Baker Library | Bloomberg Center Website
• Detailed overviews of over 50 industries worldwide.• Includes: “Investment Services,” “Financial Services: Diversified,”
“Banking,” and “REITS.”• Reviews industry trends, how industry operates, key statistics, how to
analyze company in industry, top players, and industry references. • Once in the database, select Industries from the menu bar.
– Tip: Use PDF format.– Tip: Use Comparative Co. Analysis for Excel file.
Industry Overviews
Standard & Poor's NetAdvantagehttp://www.library.hbs.edu/go/s_and_p.html
• Detailed overviews of industries worldwide.• Includes: “Investment Services,” “Miscellaneous Financial Services,”
and “Commercial Banks.”• Reviews industry trends, key statistics, top players, and industry
references.
Industry Overviews
OneSource Global Business Browserhttp://www.library.hbs.edu/go/onesource.html
Factiva http://www.library.hbs.edu/go/factiva.html• Strong in financial publications. Articles from 1,000s of publications
in 22 languages. – Powerful search features allow sophisticated searching.– See Article Database Command Comparison Chart at
http://www.library.hbs.edu/helpsheets/commandcomparison.html for search tips.
• News PageBrowse news by sector. E.g., Investing/Securities.
1. Click on the “News Pages” tab. 2. From “Factiva Pages” pull-down menu in the upper left, select
“Investing/Securities.”
News and Trends
Factiva: Investing/Securities News Page
News and Trends
Get News Delivered To You
• RSS feeds. E.g., Banking/Credit Go to http://www.library.hbs.edu/go/factiva.html for instructions.
• Industry Highlights Newsletter. E.g., Investment Management- emailed every 2 weeks
Go to http://listserv.hbs.edu/restrict_mba/careers.html to sign up.
• Customize what gets delivered- create your own searches
Go to Feeds and Alerts for details (Fast Answers about key resources and "how-tos").
News and Trends
1. Once in Factiva, click on the “Search” Tab2. In the “Free Text” search box, type hlp=Goldman Sachs. 3. From the “Date” pull-down menu select “In the last year.”4. Select Source: Wall Street Journal (click ONCE to add)5. Click “Run Search.”6. Articles with Goldman Sachs in the Headline/Lead Paragraph in
the Wall Street Journal will appear. Sort by Relevancy to get articles that mention Goldman the most.
7. To download selected articles to Microsoft Word select items then click “RTF.”
Information ON Investment Firms
Factiva Example: Articles with Goldman Sachs in the Headline/Lead Paragraph in the Wall Street Journal for the past year.
Factiva Example: Articles with Goldman Sachs in the Headline/Lead Paragraph in the Wall Street Journal for the past year.
Information ON Investment Firms
Capital IQ: Investment Firm Profileshttp://www.library.hbs.edu/go/capitaliq.html
• Profiles and data on public and private firms.
• Profiles may include description, structure, financials, officers, competitors, multiples, transactions, investments, stock information, filings, etc.
• Select “Company Intelligence” tab then “Search Profiles,” then “Search Companies.”
Information ON Investment Firms
Capital IQ: Public Firm Profile
Information ON Investment Firms
• OneSource Global Business Browser http://www.library.hbs.edu/go/onesource.html
– Source of company profiles, financial data, news, and industry information.
• Thomson ONE Banker http://www.library.hbs.edu/go/thomsonbanker.html – Additional source of company profiles and transaction data.
• Zephyr http://www.library.hbs.edu/go/zephyr.html– More specialized source of company profiles and transaction data.
• Databases by Content Type
http://www.library.hbs.edu/databases/by_content_type/company_information.html
– Complete list of sources of company profiles and transaction data.
Information ON Investment Firms
• Thomson Research – Investext http://www.library.hbs.edu/go/investext.html – Analyst reports. No charge for reports.
• First Call Real-Time Earnings Estimates
http://www.library.hbs.edu/go/first_call.html– Earnings data and analyst reports. Contains Thomson Proprietary Research reports.
• Value Line http://www.library.hbs.edu/go/valueline.html – Information and advice on stocks, industries, mutual funds, options, and convertibles.
• LehmanLive http://www.library.hbs.edu/go/lehman.html – Fixed income and equity research.
• Standard & Poor’s Ratings Direct
http://www.library.hbs.edu/go/ratingsdirect.html– Fixed income and sovereign debt ratings.
• OneSource Global Business Browser http://www.library.hbs.edu/go/onesource.html
– Analyst reports. Not as complete as Investext.
– Good place for additional types of information.
Research BY Investment Firms
Investment Research Process
Earnings
• First Call Real-Time Earnings Estimates http://www.library.hbs.edu/go/first_call.html
• Bloomberg– On single security main menu type EE <GO> for Earnings Estimates Menu. – On single security main menu type EVT <GO> for calendar of corporate events. Check for audio and/or transcripts of earnings calls.
• Investext http://www.library.hbs.edu/go/investext.html
– For transcripts of earnings calls limit search by Contributor to “Streetevents.”
For more sources see Fast AnswerQuestion: Where can I find transcripts of conference calls?
Institutional Investor
Institutional Investor
http://www.library.hbs.edu/go/instinv.html
• All America (All Europe, All Japan, etc.) Research Team Surveys list top analysts by sector
– In the upper left under "Publications" select the U.S. or International edition. – Scroll down and on the left side click "Rankings Archives.”– From the pull-down menu next to "View another ranking" select "All- America Research Team."
• “20 Rising Stars” in the field (e.g., hedge funds, wealth management, real estate, mutual funds, compliance, etc.)
– In the upper left under "Publications" select “Rising Stars”
Capital IQ: Creating Deals Lists
• To create list of transactions/deals: Click on “Screening & Analytics” tab then choose Screening—Transactions
• To create target list of firms/companies: Click on “Screening & Analytics” tab then choose Screening—Companies
Rankings and Deals
Capital IQ: Creating Lists http://www.library.hbs.edu/go/capitaliq.html
Capital IQ Example: List of Deals by Financial Advisor – Morgan Stanley
1. Go to “Screening & Analytics” tab. Choose “Screening” then “Transactions”
2. Under “List Management” click “Add Companies”.3. Search for advisors by name [in this case Morgan Stanley].4. Add them to Selected Companies, then select “Advisor” from the
“This criterion describes” field. Click “Add Criteria” button. 5. Under “General Transaction Details” click on “Transaction Dates”
and choose “last 12 months”. 6. Click “Add Criteria” button.7. Click on “Total Matching Transactions” to view results. 8. To create a specific report, click “Add Display Columns” under
Display Options. 9. Choose desired fields and order to display and click “View
Results.” 10. Click Excel icon to export screening results and aggregate data.
Rankings and Deals
Capital IQ Example: Screening Transactions Page
Rankings and Deals
Capital IQ Example: Search Criteria List of Deals by Financial Advisor – Morgan Stanley
Rankings and Deals
Capital IQ Example: Screening Results List of Deals by Financial Advisor – Morgan Stanley
Rankings and Deals
Capital IQ Example: More Screening ResultsList of Deals by Financial Advisor – Morgan Stanley
Rankings and Deals
Rankings and Deals
Thomson ONE Banker http://www.library.hbs.edu/go/thomsonbanker.html
• To create target list of transactions/deals: Click on “Deals Analysis” menu. Choose security type then “Advanced Search.”
• To create target list of firms/companies: Click on “Screening & Targeting” menu. Choose “Companies.”
• To create league tables: Click on “Deals Analysis” menu. Choose “League Tables” or “Custom League Tables."
Thomson ONE Banker Example: List of M&A Deals by Financial Advisor – Morgan Stanley
1. Go to “Deals Analysis”. Under M&A choose “Advanced M&A Search”.
2. On Item List tab expand “Deal Info” and expand “Dates.” Choose “Date Announced,” select “Year-to-Date,” and click “Apply to search.”
3. On Item List tab expand “Manager/Fees.” Choose “Target or Acquiror Financial Advisors” and search for advisors by name [in this case Morgan Stanley].
4. Add them to Selected Items, then click “OK.” 5. Under the Search List section of the Advanced Search choose the
type of report to Open/Create. Choose “Standard Report.” 6. Click “Execute.” 7. Scroll all the way to the right to click Excel icon to export results.
Rankings and Deals
Rankings and Deals
Thomson ONE Banker: Advanced M&A Search Screen
Rankings and Deals
Thomson ONE Banker: Search Criteria List of Deals by Financial Advisor – Morgan Stanley
Rankings and Deals
Thomson ONE Banker: Search Criteria List of Deals by Financial Advisor – Morgan Stanley
Rankings and Deals
Thomson ONE Banker: Search ResultsList of Deals by Financial Advisor – Morgan Stanley
Rankings and Deals
Thomson ONE Banker: M&A League Tables
Rankings and Deals
Thomson ONE Banker: M&A Worldwide Announced League Table
League Tables in BloombergBloomberg Command: LEAG <GO>
Rankings and Deals
M&A League Tables in Bloomberg
Bloomberg Command: MA <GO>
Rankings and Deals
Fast AnswerQuestion: Where can I find league tables?
Answer: See the Baker Library Research Guide Financial Rankings and League Table Information You can generate or find league tables in:
• Institutional Investor.com - In the upper left under Publications select the U.S. or International edition. Scroll down and on the left side click Rankings Archives.
• Thomson ONE Banker – Click "Deals Analysis" from the left navigation bar. – Click the deal category of interest (M&A, Equity, Bond, or Loan). – Click "League Tables" and from that point follow the prompts leading to the
specific league of interest. • Bloomberg Academic or Bloomberg Professional - Type LEAG and hit GO.
– Audiovisual Demonstration for Creating Generic League Tables – Audiovisual Demonstration for Creating Custom League Tables
• Zephyr - In the lower left, click Expert Search, then click the League Tables tab.
Rankings and Deals
• Careers Research Guide http://www.library.hbs.edu/guides/career/
– Identify resources useful for various aspects of job searching.
– Sections include Indentify Employers, Research Companies,
Research Industries, Network, Locate Job Postings, Prepare for
Interviews, and Negotiate.
• Vault Online Career Library http://www.library.hbs.edu/go/vault.html
– Information on industries including Financial Services, Investment
Banking, Hedge Funds, and Venture Capital.
– Insider views on working for specific companies around the globe.
Career Resources
Bloomberg Command: JOBS <GO>
Career Resources
Additional Resources
Baker Library Research Guides:• Financial Services & Investment Banking Industry
http://www.library.hbs.edu/guides/financial_services• Financial Rankings and League Table Information
http://www.library.hbs.edu/guides/financial_rankings• Hedge Funds http://www.library.hbs.edu/guides/hedgefunds• Financial Markets http://www.library.hbs.edu/guides/financial_markets• Venture Capital and Private Equity http://www.library.hbs.edu/guides/venture/• Full list of all Research Guides http://www.library.hbs.edu/guides
Information Sessions:• Leveraging Baker Resources for a Job Search in Venture Capital and
Private Equity– Monday 11/3 3-4pm, Hawes 101
• Bloomberg - Fixed Income Idea Generation (Rescheduled from 10/23) – Thursday, 11/12 3-4pm, Hawes 201
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