My Responsibilities as a J.P. Morgan Investment Banking Analyst During a $6.1 Billion M&A Deal

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  • čas přidán 5. 07. 2024
  • In this video, I cover my responsibilities as an investment banking analyst during a $6.1 billion M&A transaction.
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    ⏱Timestamps⏱
    0:00 - Introduction
    0:45 - Background Behind the Deal
    2:28 - What I Did as an Analyst
    8:04 - 3 Insider Secrets
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    All content in this video is for entertainment purposes only. I am not a professional financial advisor and my statements are not to be taken as instructions or directions. In addition, some of the links above are affiliate links, meaning that at NO additional cost to you, I may earn a commission if you click through and make a purchase.
    #investmentbanking #banking #finance

Komentáře • 179

  • @TheIr1shTank
    @TheIr1shTank Před 3 lety +173

    Please bore me with the details, its actually pretty interesting

    • @kevinsuh5313
      @kevinsuh5313 Před 3 lety +3

      Yes me too!

    • @rareliquid
      @rareliquid  Před 3 lety +21

      haha ok will try to add as much detail as I can

    • @murlyp5999
      @murlyp5999 Před 3 lety

      rareliquid your mail id pls

    • @jeffjohnson5053
      @jeffjohnson5053 Před 3 lety

      Do NOT invest in China stocks and china mutual funds. They are all FAKE! They do NOT have real companies back in China. And China stocks often advertise that they will give 10-15 percent return on your investments to Trick you. Don't fall for it. They are all Pyramid schemes. There are sooooooo many companies in HK, Taiwan, Japan, South korea, and Europe that lose all their money to China fake companies!!

    • @samkh4205
      @samkh4205 Před rokem

      @@jeffjohnson5053 I shorted k web my boy

  • @zinebdardafaa1276
    @zinebdardafaa1276 Před 3 lety +11

    Super interesting ! Thanks for sharing, would love more content regarding the transactions you worked on and your overall experience

  • @juancruzferreyra2181
    @juancruzferreyra2181 Před 3 lety +1

    Man. This content is pure gold. Soooo interesting it’s really cool to get to know that part of the job.
    I’m in the process of getting a similar job in EY here in my country.
    Keep up the good vids!!
    🙌🏻🙌🏻👊🏻

  • @Vivim16
    @Vivim16 Před 3 lety +1

    Please talk more about your previous projects :) love it how you explained it

  • @sarahkim3257
    @sarahkim3257 Před 3 lety +40

    Love these types of videos; I'm trying to go into finance myself and it's really nice hearing about your first hand experiences.

  • @rareliquid
    @rareliquid  Před 3 lety +22

    ⏱Timestamps⏱
    0:00 - Introduction
    0:45 - Background Behind the Deal
    2:28 - What I Did as an Analyst
    8:04 - 3 Insider Secrets

  • @rohanswer5091
    @rohanswer5091 Před 2 lety +12

    Respect for saying it how it is and that we can and will have to learn a lot on the job even at big banks. Too many channels make you feel like shit and make it sound like you need to "know everything about everything" to even stand a chance of getting into IB at bulge bracket banks.
    You could have easily said the same and we young guys would believe you. So thanks a lot for giving us valuable insights about the reality.

  • @keithliew72
    @keithliew72 Před 3 lety +1

    Thanks for the insightful videos :) really learning a lot and hoping someday I can be an investment banker!

  • @disciplesofswollyness8676

    THANK YOU for this vid!! You explain it all so well and it really helps me get the feel for the work

    • @rareliquid
      @rareliquid  Před 3 lety +1

      Glad it was helpful!

    • @jeffjohnson5053
      @jeffjohnson5053 Před 3 lety

      Do NOT invest in China stocks and china mutual funds. They are all FAKE! They do NOT have real companies back in China. And China stocks often advertise that they will give 10-15 percent return on your investments to Trick you. Don't fall for it. They are all Pyramid schemes. There are sooooooo many companies in HK, Taiwan, Japan, South korea, and Europe that lose all their money to China fake companies!!

  • @yvonneyork1263
    @yvonneyork1263 Před 3 lety +2

    Unbelievable hard work and no work life balance. Glad you're out of the this insanity and doing what you are now doing, sharing the reality behind the "glamour" and living creatively

  • @user-yu4lb1og9f
    @user-yu4lb1og9f Před 3 lety

    Really appreciate your content man. Please talk about more transactions on future videos.

  • @Adex1
    @Adex1 Před 3 lety +2

    Quality as always! Keep up the good work

  • @savage-uf9ux
    @savage-uf9ux Před 3 lety +4

    I would definitely love to hear more details and insider secrets. Your content is much more realistic and useful than other investment banking channels

  • @andrewsquire1182
    @andrewsquire1182 Před 2 lety

    Awesome video. Please do make more videos of deals you have done, the process, strategy and did you enjoy them or not.

  • @aditsachdeva4087
    @aditsachdeva4087 Před 2 lety

    Brilliant Video! Subscribed!
    Side Note - Please make more videos such as this one.

  • @Fatmanstan606
    @Fatmanstan606 Před 3 lety +3

    If you talk through deals, the construction of modeling, due diligence, and pitch materials you’ll definitely be distinct among the few dozen or so channels on CZcams that mostly give vague or superfluous detail about banking, I know I’d watch more

  • @nmasiyah959
    @nmasiyah959 Před 3 lety +1

    Awesome video
    Keep up the great work!!!

  • @jamesyang5627
    @jamesyang5627 Před 2 lety +2

    Bro. You’re the first genuine IB I’ve ever seen. You seem to be at peace with yourself.

  • @haisamtayyab5623
    @haisamtayyab5623 Před 3 lety +3

    Can you please explain some of the financing experience, both follow-on and convertible offerings in your next videos. This would be really insightful!

  • @AC-ke3ui
    @AC-ke3ui Před 3 lety +2

    Whoa, such valuable content!!! Would definitely like hear more about the other deals and what you learned from them!

  • @ecjjox
    @ecjjox Před 3 lety +1

    Awesome vid! Please share more details with us if you can, so dam interesting!

  • @justinchen9981
    @justinchen9981 Před 3 lety +4

    this video is so underrated!

  • @kevinsuh5313
    @kevinsuh5313 Před 3 lety +1

    now I’m ready, thanks!

  • @sherryflavour3791
    @sherryflavour3791 Před 3 lety +1

    THANK YOU SO MUCH FOR THIS!

  • @boburisaev7749
    @boburisaev7749 Před rokem

    Very interesting. If you could share more deals with more details of the workflow, deal cycle that would be great

  • @lightraysolutions
    @lightraysolutions Před 2 lety +1

    Thanks for sharing! :)

  • @WalksWallStreet
    @WalksWallStreet Před 3 lety +2

    Love your channel, keep up the good work. Sending support from NYC. 😁

  • @corwinrudly6314
    @corwinrudly6314 Před 3 lety

    Shoutout from Indonesia!
    Your video is great😁

  • @MrRightGuy305
    @MrRightGuy305 Před 3 lety +1

    Great video 👍🏾

  • @waynetr
    @waynetr Před 3 lety

    very interesting, thanks for sharing!

  • @raymondgoodman1194
    @raymondgoodman1194 Před 3 lety +3

    Your videos are so interesting, such a unique perspective and very well put together videos. You're going places

  • @richieg.3192
    @richieg.3192 Před 3 lety +4

    Hoping the keywords in this title make this video go viral!!!! 🙏🙏🙏 Another Banger!!!

  • @cesardepaz7178
    @cesardepaz7178 Před 3 lety +3

    Such an underrated CZcamsr!

  • @MA1752
    @MA1752 Před 3 lety +2

    Great video! I was wondering if any iteration of the presentations you worked on for this deal made it into the SEC filings for MDT?

  • @dhcy4684
    @dhcy4684 Před 3 lety

    really enjoyed thanks

  • @trainsoftheworld1
    @trainsoftheworld1 Před 2 lety +11

    Really interesting! Enjoyed the content! Would you know how helpful a CFA would be in your industry? Did you actually use such (rather) simple valuation models such as FCFF, Residual Income etc?

  • @philliphochman1654
    @philliphochman1654 Před rokem

    It would be great if you could talk more about the specifics of the models. Maybe you could create "fake" names of the companies and numbers while keeping the principles the same

  • @matthewadegbile5838
    @matthewadegbile5838 Před 2 lety +1

    Please make more of these videos!!!

  • @barryaherne215
    @barryaherne215 Před 3 lety +2

    Wow, pretty cool! When you say that the bank gets a cut of the sale price is that just the bank, do you get a percentage too, or does it work in a multiplier-esque manner where the more deals you do, the more likely you are to get promoted to manager positions and earn a higher salary? Sorry if you mentioned this in your banking salary video - I just can't remember! haha.

  • @kevinzhang9843
    @kevinzhang9843 Před 3 lety

    great video!

  • @peterthomas3554
    @peterthomas3554 Před 3 lety +1

    Was the Vice Chairman of JPM's Healthcare IB Group Brian Kinkead? I know he was there through September 2017. He was my first boss when I entered the Analyst Program at Morgan Stanley in 1992. He was a total workaholic. I broke almost every record for the number of hours worked for our department. My record for one week (not including my commute) was 128 hours. It was absolutely brutal.

  • @adammeliani4243
    @adammeliani4243 Před 3 lety

    Awesome video thank you, kinda want to break into sales and trading instead of ibd now b/cof all the hours worked per week 😩

  • @40thCenturyTrolls
    @40thCenturyTrolls Před 3 lety +2

    Great vid

  • @victorz1200
    @victorz1200 Před 2 lety +2

    Thank you for sharing! How many days approximately did you take to finish the first draft of financial modelling/valuation/teaser/information memo?

  • @zitianxiao6531
    @zitianxiao6531 Před 8 měsíci

    Thanks

  • @jakewjt
    @jakewjt Před 3 lety +2

    CZcams randomly recommended this video to me and I enjoyed every single second of it! Tried to break into VC for 1 year now without any luck (not good enough I guess xD) but am actively investing as an angel investor. Please make more videos like this, very interesting! Liked and subscribed!

    • @ionconnor1991
      @ionconnor1991 Před 2 lety

      How is your career going my guy

    • @jakewjt
      @jakewjt Před 2 lety +1

      @@ionconnor1991 still no luck with VC although trying a couple of avenue (no rush on this). portfolio startups are doing up rounds now so thats good. all in all happier than 10 months ago. Bless you my friend.

    • @ionconnor1991
      @ionconnor1991 Před 2 lety

      @@jakewjt I wish you the best on your journey bro
      Keep going

    • @epicsillyrainbowdog9858
      @epicsillyrainbowdog9858 Před 2 lety

      Good luck bro

  • @euanfrolick3606
    @euanfrolick3606 Před 3 lety +1

    More Deals please !

  • @richardb9134
    @richardb9134 Před 3 lety +1

    I want to know more about the other deals you were apart of!

  • @TheGalo97
    @TheGalo97 Před 3 lety +10

    Would be interesting to have more videos on other deals, also on the buy side or

  • @du0ngpr0
    @du0ngpr0 Před 3 lety +1

    Please share more

  • @pedrosantoro5803
    @pedrosantoro5803 Před 3 lety +2

    pls, tell us more about the M&A trasactions that u dealt with

  • @sidh1603
    @sidh1603 Před 3 lety

    Do you have a video showing what exactly investment banker do in the program used?

  • @dhruvvikrant
    @dhruvvikrant Před 3 lety

    Besides changing font color and font size.

  • @sanjaymohan4156
    @sanjaymohan4156 Před 3 lety

    @rareliquid the lbo, dcf, comps are just to get a baseline valuation internally, it will not be shared right? Also by presentation do you mean the CIM?

  • @enteetne6704
    @enteetne6704 Před rokem

    you did put together an IM? I thought what exactly where you checking with the model? Which purpose did it have exactly? Would love if somebody could get into more detail

  • @franklin1384
    @franklin1384 Před 3 lety

    Wanna know more about details! Thanks!

  • @robertherrera955
    @robertherrera955 Před 2 lety

    Hello Ben appreciate very much your channel. Question for you. What is the best way to keep abreast when a business want to sell one of their side business like the example you gave. I am a buyer.

  • @DY-mi6tz
    @DY-mi6tz Před 3 lety +3

    LMAO on the deal model being an "art" rather than a "science". I've been there. If the bids come in too low then "we can't take that deal, it's too low" but if they come in above what the model is saying it's either "there is something wrong with our model and we need to fix it" or "let's massage those numbers a bit". Also, I've been fortunate enough to be on a couple of calls where my MD is negotiating (albeit MUCH smaller deals than this), and sometimes both parties try to be formal and civil but you can cut the tension with a knife, and other times they are just ruthless and "straight up" with each other.

  • @renegadejt4985
    @renegadejt4985 Před 3 lety +1

    Can you do a video on best excel and PowerPoint shortcuts to use in IB?

    • @rareliquid
      @rareliquid  Před 3 lety

      will keep this in mind but i do have a lot of other ideas right now in the content pipeline

  • @rareliquid
    @rareliquid  Před 3 lety +4

    ✅ Financial Edge✅
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  • @fitfirst4468
    @fitfirst4468 Před 2 lety +1

    Can you show video how to do LBO model

  • @doughboi007
    @doughboi007 Před 2 lety

    Did you do a video on LBO?

  • @Marcustoday4563
    @Marcustoday4563 Před 3 lety

    Did the company want you to filter out their competitors from the buyers?

  • @jackwang7504
    @jackwang7504 Před 3 lety +1

    Waiting for your vids on chinese tech stocks

  • @gadripericles3034
    @gadripericles3034 Před rokem

    Is it worth it being on a team that works on larger deal all the time? I’m thinking wlb

  • @ronakjain3510
    @ronakjain3510 Před 2 lety

    Is CIB CRG department at JP Morgan mid office ?

  • @andrewphillips1026
    @andrewphillips1026 Před 3 lety +1

    Nice

  • @fairfour3914
    @fairfour3914 Před 3 lety +1

    🔥🔥🔥🔥

  • @t0mlong
    @t0mlong Před 3 lety

    MD1, MD2, MDX models still in use?

  • @vasseykonneh2805
    @vasseykonneh2805 Před 3 lety +1

    More!

  • @arrivarental8079
    @arrivarental8079 Před 3 lety

    Ben good video.could you do a video for experienced hire (30+ years old) who wants to change career and break into IB

    • @rareliquid
      @rareliquid  Před 3 lety

      answer is simply MBA there's really no other good way unfortunately

    • @arrivarental8079
      @arrivarental8079 Před 3 lety

      @@rareliquid yeah I got.shunned for being too old and have too many irrelevant experience in other fields...

  • @jagritsethi
    @jagritsethi Před 3 lety

    M&A does sound as interesting as i thought it would be😍

  • @jaybrizzy577
    @jaybrizzy577 Před 2 lety +1

    This video is fucking gold

  • @ayodelesonupe8583
    @ayodelesonupe8583 Před 3 měsíci

    Funny story I was on the team at Cardinal and Cardinal ended up regretting this decision and sold the asset

  • @spotluxe1885
    @spotluxe1885 Před 3 lety

    What would you advise for graduate student to get in buy or sell side. Is very tough to get into and what your name by the way.

  • @isaacmartinez-bs8se
    @isaacmartinez-bs8se Před 3 lety +1

    sheeeeeeshhhh

  • @sushantsalvi6137
    @sushantsalvi6137 Před 3 lety

    What's your qualifications?

  • @vaikeshmanimaran550
    @vaikeshmanimaran550 Před 3 lety

    mind if you share your educational path?

  • @johnjohn40100
    @johnjohn40100 Před 3 lety

    I'm just curious. How can you disclose M&A information? Don't you have sign NDA? Is this public information? Sorry, I'm new to all of this.

    • @gjames5168
      @gjames5168 Před 2 lety

      The Medtronic deal is already announced. Nothing he said was actually confidential, except maybe the valuation was on the high-end of Medtronic expectation.

  • @vinabaska620
    @vinabaska620 Před 3 lety

    I thought Bankers only ger salary and annual bonus, so they also get fee percentage from dealing? and also does bankers use financial modeling daily? thx ben

    • @dougpolk4518
      @dougpolk4518 Před 3 lety

      When he talks about fees, he’s talking about bank revenue. This is the money the client (Medtronics) is paying to the bank (J.P. Morgan). The bankers themselves are paid salaries by the bank.

    • @vinabaska620
      @vinabaska620 Před 3 lety

      @@dougpolk4518 I do believe bankers get some commision, said www.mergersandinquisitions.com/investment-bankers-make-money/.. wdyt ?

    • @sadiqyesufu3050
      @sadiqyesufu3050 Před 3 lety

      @@vinabaska620 Only senior staff like partners and MDs get a commission. Junior staff get only a salary and bonus

  • @MrRaisin56
    @MrRaisin56 Před 2 lety

    Genuine question, how much caffeine did you have to consume to work those hours?

  • @azimsharipov8543
    @azimsharipov8543 Před 3 lety +1

    5!

  • @fireandflames1674
    @fireandflames1674 Před 3 lety +1

    Swagmode

  • @daweisun9368
    @daweisun9368 Před 3 lety

    I just wanna say taking online courses does not help. Graduating from a target school for investing banks helps in every country.

  • @emilianoperez2385
    @emilianoperez2385 Před 3 lety +1

    Actually sounds kinda fun, but i don't know, maybe it's the kind of work you have to live to tell

  • @harrythian456
    @harrythian456 Před 3 lety

    👍

  • @jeonjase
    @jeonjase Před 3 lety

    Chipotle valuation please?

    • @rareliquid
      @rareliquid  Před 3 lety

      perhaps in the distant future haha

  • @shedo7275
    @shedo7275 Před 3 lety

    Which degree you did to become investment banker

    • @rareliquid
      @rareliquid  Před 3 lety +1

      bachelor's i recruited out of undergrad

  • @Matthewgez
    @Matthewgez Před 3 lety

    pls fix thx

  • @SL-yy4mn
    @SL-yy4mn Před 3 lety +1

    first!

  • @cy3970
    @cy3970 Před 2 lety

    cardinal health executives watching this vid -_-

  • @Raptors19tdot
    @Raptors19tdot Před 3 lety +1

    Can you just level up quicker? I wana hear where's the secret society parties? The lobbyist the political influence the market manipulation the juicy stuff the fun stuff 😂

  • @jackj959
    @jackj959 Před 2 lety

    Love all the boring details lol please throw them to me

  • @danielk6295
    @danielk6295 Před 3 lety

    giv us project name ser. 'project perseus'? anatoly likes ur shilling SOL

  • @helencooper6818
    @helencooper6818 Před 3 lety +25

    People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin

    • @harrygeorge409
      @harrygeorge409 Před 3 lety

      Bitcoin trading right now will be at every wise individuals list. In few minutes you'll be ecstatic with the decision you made today

    • @peterjohnson9361
      @peterjohnson9361 Před 3 lety

      Bitcoin trading nowadays is a big change to make money

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      @ryder7634 Před 3 lety

      BITCOIN: IS THE ONLY TRUE DEMOCRACY EVER EXISTS IN THE WORLD

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      @santiagomanuel3757 Před 3 lety

      Buy and invest in bitcoin and other cryptocurrency today!!!!

    • @sonyabutler9503
      @sonyabutler9503 Před 3 lety

      Crypto is the future, trading crypto has become a lucrative way of making money

  • @oliverharris6116
    @oliverharris6116 Před 3 lety

    :O

  • @donaldtrumpsgoochhair4472

    JP Morgan analyst goes on CZcams to figure out how to do his job

    • @rareliquid
      @rareliquid  Před 3 lety +1

      you'd be surprised at how many "professionals" do this. Even the most tenured doctors search on google during their jobs

  • @jonblack2077
    @jonblack2077 Před 3 lety

    Yeah small fish analyst, 1 of 50 on a project like this

  • @aazheng3826
    @aazheng3826 Před 3 lety

    yo stop bragging...you left JPM...thats all that matters...move on...

  • @ross-lt4mc
    @ross-lt4mc Před 3 lety

    All lies