Money Makers
Book

Money Makers

Inside the New World of Finance and Business

David Snider and Chris Howard
Palgrave Macmillan, 2010
Buy book or audiobook

Read or listen offline

Amazon Kindle
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×

Editorial Rating

7

Qualities

  • Background

Recommendation

If you’ve ever wondered what drives major segments of the financial industry – investment banking, venture capital, private equity, hedge funds, management consulting and corporate management – David Snider and Chris Howard provide some solid answers in this introductory overview of these sectors. Their survey includes interviews with industry leaders and a summary of the traits employees need to succeed in these fields. getAbstract finds this jargon-free, informative book useful for business students and others interested in finding careers in this challenging industry.

Summary

Out of the Shadows

The 2008 financial crisis made people aware of the unknown, often-mysterious inner workings of the financial industry. Considering the trillions of dollars of lost investments, the demise of venerable firms and the resulting downturn affecting households, small businesses and major corporations, the financial industry clearly plays an outsized role, for good or bad, in world commerce. Six “money makers” in particular will continue to grease the wheels of an interconnected, global economy: investment banks, venture capital firms, private equity funds, hedge funds, management consultants and the top level of Fortune 500 companies.

Investment Banking

Investment banking in the US began before the Civil War, when brokers sold government bonds to private investors. Through the 19th and 20th centuries, investment banks provided advisory, sales and investment services that promoted burgeoning industries. As a US middle class emerged, stock trading and initial public offerings (IPOs) fed its growing appetite for equity investments. Changes in federal legislation beginning in the 1980s allowed investment banks to purchase and repackage mortgage...

About the Authors

David Snider works at Bain Capital, a private equity group. Chris Howard is president of Hampden-Sydney College and is the chairman of the Impact Young Lives Foundation.

Comment on this summary or Iniciar a Discussão