Here's a refresher on the concept of working capital. But we don't just cover the concept today, we'll look at the formula and what it means. Specifically:

• Working capital cycle (aka the funding gap) = Receivable Days + Inventory Days - Payable Days

Thanks so much for supporting the show!

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Buy Side Resources (14 Real LBO Case Studies w/Apollo, Blackstone, KKR, etc.) For 10% off enter: IBI

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Updates in the world of investment banking, regarding Wells Fargo's release from it's $1.95 trillion asset cap. Also, Ken Moelis steps down as CEO of Moelis & Co.

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Buy Side Resources (14 Real LBO Case Studies w/Apollo, Blackstone, KKR, etc.) For 10% off enter: IBI

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Drew Pascarella is a seasoned investment banker and educator (including my professor!). Drew shares his journey from an IT role at Goldman Sachs to becoming a front-office investment banker at Citi, and eventually transitioning to teaching at Cornell University.

We cover a lot of ground, including themes such as:

- the importance of networking and mentorship
- building your reputation throughout your career
- the evolving landscape of investment banking education

It was an honor to interview someone who played such a big role in my journey these past two years. So Drew - thank you for coming on the show!

Click here for Buy Side Recruiting Help
Buy Side Resources (14 Real LBO Case Studies w/Apollo, Blackstone, KKR, etc.) For 10% off enter: IBI

Contact: investmentbankinginsights@gmail.com