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Demystifying Investment Banking and the Credit Crunch

Network

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11.30.2013

Industry veteran turned head hunter cum executive coach Mr Patrick Fearon was on the Nice campus on the evening of October 8, 2008 to give a guest lecture on Investment Banking career paths to the students of Msc and MBA programme. Patrick spent 16 years with JP Morgan before making a career shift to executive head hunting and executive coaching. The video telecast of the presentation was available the following day for EDHEC students to review on the School’s on-line learning platform.

The presentation began with a brief history of banking and an explanation of the differences between Traditional Investment Banks such as Goldman Sachs and Commercial Banks that made a foray into Investment Banking, such as JP Morgan and Citigroup. This was followed by an outline of major sources of revenue and various services offered by banks today.

Speaking at length on the jobs and profiles students could consider after the completion of their degree; Patrick also shed light upon the challenges faced by these professionals and what students could expect from careers in this field.

Taking the students through the current Financial Market scenario and the expected campus recruitment intake in the industry this year, he took time out to explain the very famous, or rather infamous financial crises that the world is undergoing at this point. Starting with the Sub-Prime crisis and how it made its way to the Liquidity crunch in the financial markets, he did a very good job of decoding the complex crisis that has shaken the industry like never before.

He also gave wise advice to students on how they should tackle the tightened recruitment season this year and which companies they ought to target

The session ran a little over two hours, every minute of it worth for a finance student looking for career in Investment Banking Industry - certainly a ten-pointer on relevancy and subject matter expertise.

Written by NIKKI HARLE
Date of update January 28, 2009

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