What is a Letter of Intent (LOI)? A Letter of Intent (LOI) is a short non-binding contract that precedes a binding agreement, such as a share purchase agreement or asset purchase agreement (definitive agreements). There are some provisions, however, that are binding such as non-disclosure, exclusivity, and governing law. The main points that are typically…
The Art of Time Management for Better Work-Life Balance Most, if not all, professionals are constantly on the lookout for a healthy work-life balance. This can have different meanings for different people. For some, work-life balance means having flexible working hours, while others may prefer more vacation time for family or personal wellness. It is…
What is an Equity Firm? An equity firm or private equity firm refers to an investment company that utilizes its own funds or capital from other investors for its expansion and startup operations. Equity firms are usually not listed publicly, and their shares are not traded in the stock market. For this reason, equity firms…
The Value of Having Successful Online Learning Strategies In today’s digital world, we do almost everything online – banking, shopping, food delivery, and now education. With the rise of Massive Open Online Courses (MOOCs), students worldwide can access quality education whenever they need it. As of 2022, 26.4% of U.S. higher education students took classes…
What is a State Owned Enterprise? A State Owned Enterprise (SOE) is a body formed by the government through legal means so that it can take part in activities of a commercial nature. Essentially, SOEs are created to undertake commercial activities on behalf of the government. The government may assume full or partial ownership of…
Credit Analyst Job Description Overview Below is a typical example of a credit analyst job description based on real postings from lenders such as HSBC, JPMorgan Chase, and Wells Fargo. Credit Analyst Job Description – Key Responsibilities Conduct thorough analysis of financial statements and assessment of credit requests, including new requests, changed requests, refinancing and…
Equity Research Associate Job Description This equity research associate job description outlines the main roles, responsibilities, skills, and education required to be a successful equity research associate. To prepare for a career in equity research, launch CFI’s financial modeling courses now! Equity Research Associate Job Description – Key Responsibilities Research securities of target industries and companies…
History of Investment Banking in India The history of investment banking in India traces back to when European merchant banks first established trading houses in the region in the 19th century. Since then, foreign banks (non-Indian) have dominated investment and merchant banking activities in the country. In the 1970s, the State bank of India entered…
What is TMT Investment Banking? TMT stands for Technology, Media, and Telecommunications, so the TMT investment banking group covers clients in those industries. Investment banking services provided to these clients include equity and debt capital raising, mergers, acquisitions, divestitures, risk management, and other advisory mandates. The TMT sector is rapidly growing and is becoming a common…
What are Bank Teller Jobs? A bank teller is a customer service representative on the frontline who deals directly with customers. They often act as a cashier and develop experience in handling cash and assisting clients with banking transactions. Elements of their work include depositing cash, withdrawing cash, transferring money between accounts, depositing cheques, issuing…
