Investment Banking: Principles, Regulation, and Career Paths - Lecture 19

Explore the world of investment banking in this comprehensive lecture from Yale University's Financial Markets course. Gain insights into the key elements that distinguish investment banking from consulting, commercial banking, and securities trading. Examine the principles formulated by John Whitehead, former chairman of Goldman Sachs, to understand the essence of investment banking. Delve into discussions about the substantial power investment bankers wield and their role in society. Analyze the challenges of government regulation in the industry, especially in light of the 2000s financial crisis. Learn about shadow banking, the repo market, and hear firsthand experiences from a professional who transitioned from Wall Street to Silicon Valley. Discover practical steps for pursuing a career on Wall Street and engage in a Q&A session covering various aspects of the finance industry.

- Chapter 1. Key Elements of Investment Banking.
- Chapter 2. Principles and Culture of Investment Banking.
- Chapter 3. Regulation of Investment Banking.
- Chapter 4. Shadow Banking and the Repo Market.
- Chapter 5. Founger: From ECON 252 to Wall Street.
- Chapter 6. Fougner: Steps to Take Today to Work on Wall Street.
- Chapter 7. Fougner: From Wall Street to Silicon Valley, Experiences at Facebook.
- Chapter 8. Fougner: Question and Answer Session.