article thumbnail

Wealth Management 101: The Hidden World of Private Banking

Tom Spencer

The financial services industry comprises firms that operate across a range of sectors: Asset & Wealth Management, Banking & Capital Markets, and Insurance. Wealth Management vs Asset Management Many people interchangeably use the term asset and wealth management.

Banking 78
article thumbnail

Bank Valuation: Understanding Key Ratios and Metrics

Tom Spencer

In the previous article , we looked at how banks make money and how they must meet capital requirements. In this article, we will explore the importance of profitability ratios and valuation metrics that are crucial when analyzing banks. We will examine each in turn. That is, net interest income divided by assets.

Metrics 88
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

MC meets MC – Management Consulted meets Marc Cosentino

Management Consulted

ambassador to Jamaica, but after going to college he moved to New York, managed 3 restaurants, worked for American Airlines in Denver and started his own mustard company before moving to Boston and working at Harvard’s career center. We had a blast getting to meet Marc, the guy who pretty much pioneered case interview prep material.

Meeting 100
article thumbnail

Management Consulting versus Investment Banking

Management Consulted

The cons of investment banking – the long hours, the repetitive and unengaging nature of the work, the lack of non-finance exit opportunities – mattered far more to me than a 6-figure salary. Banking salaries average 50-100% higher than consulting salaries , with the difference increasingly significant as your seniority increases.

Banking 272
article thumbnail

How to Communicate More Successfully with your Manager

Tom Spencer

Your manager is arguably one of the most important people you will engage with during a summer internship. Your manager may be assigning deliverables, connecting you with colleagues, and answering your questions. Regardless of what company or industry you work in, you will most likely have one-on-one meetings with your manager.

article thumbnail

Product Management – What Is It and How to Get Started

Tom Spencer

Product managers have a dynamic role within companies, sitting at the intersection between business leaders, customers, engineers, and designers. They help to organize the development process so that products meet customer needs and business goals. Managing the Product Lifecycle. How to Break into Product Management.

article thumbnail

Asset Management – Industry Overview (Part 1 of 4)

Tom Spencer

Asset managers are institutions that ‘manage money’ on behalf of certain beneficiaries. Well, asset managers aim to understand client investment objectives and invest client funds in a variety of financial products and asset classes. Major traditional asset managers include: Blackrock. Affiliated Managers.

Industry 113