The business of investment banking - K. Thomas Liaw

For years, professors, graduate students, and banking professionals have relied on Dr. K. Thomas Liaws authoritative text, The Business of Investment Banking, for complete coverage of venture capital, underwriting, mergers and acquisitions, asset securitization, financial engineering, trading, and investment management. Now, in light of major changes in the investment banking world, Dr. Liaw presents this important revision of his bestselling work. In his characteristically lucid, accessible style, Dr. Liaw explains how deregulation, new regulations, globalization, and advancements in information technology are reshaping the investment banking industry.

In this Second Edition, Dr. Liaw discusses:

• The convergence of financial services following deregulation
• The importance of establishingand difficulties in maintaininga global presence in todays market
• Careers in investment banking and what it takes to prosper in a dynamic industry
• Major sources of revenue in todays market environment
• Challenges and strategies under new regulations

With new chapters on business strategies, banking in China, and the pros and cons of boutique vs. fullservice firms, this book has everything a newly minted analyst or MBA candidate needs to knowincluding tips on breaking into the industry and choosing the right path for you. A uniquely comprehensive treatment of investment banking in a single volume, this thoroughly updated version of The Business of Investment Banking will show you where the industry is today and what present trends portend for the future.