Equity Capital Markets (ECM) Banker Career Profile
What is an Equity Capital Markets Banker? An ECM banker works in an investment bank on the sell-side and is the product expert that advises stock issuers and potential stock issuers on the best way to raise new equity and manage their outstanding equity. In most cases, an investment banker would be the first to...
Finance Interview Prep: Expert Tips to Land Your Next Role | Webinar Recording
When your dream finance opportunity comes knocking, be ready to answer it—and any interview questions you’ll be asked on the way to getting it. Get insider advice from CFI’s Chief Content Officer and VP of Financial Modeling, Scott Powell and Jeff Schmidt, on preparing for finance interviews so you can be confident you’ll ace your...
Material Adverse Change (MAC)
What is a Material Adverse Change (MAC)? A material adverse change (MAC) is a significant change or effect that may negatively influence the outcome of an agreement. Buyers, sellers, and creditors use MAC clauses in merger and acquisition (M&A) or financing agreements to protect their rights. MACs are also known as material adverse effects (MAEs)....
Win/Loss Ratio
What is the Win/Loss Ratio? The win/loss ratio, also known as the success ratio, is a ratio of the number of profitable trades to unprofitable trades over a specified time period. The win/loss ratio is a commonly used trading metric by traders to evaluate their stock-picking success. Formula for the Win/Loss Ratio To calculate the...
Prime Brokerage
What is Prime Brokerage? Prime brokerage is a set of services offered by investment banks and other large financial institutions to hedge funds and other investment clients. The clients need such services when borrowing securities or cash for the purpose of netting to allow a specific asset to achieve a higher return. What is Netting?...
