WCM Educational Recap #1: Introduction to the World of Finance

Introduction to Finance

This week, we covered the ever-growing finance industry, as well as discussed the various career opportunities across the capital markets!

Overview of the Finance Career Landscape

6 Pillars of Finance

Buy-Side Roles

The roles of buy-side professionals involve managing clients’ assets in order to make the most returns on capital

Asset Management

Private Equity

Ideal Investment Qualities in Private Equity Include:

Venture Capital

Buyside Q&A

Do Private Equity Firms invest in specific asset classes, specifically for Real Estate?

Nitin’s Calistix Capital Experience

Rebecca’s Search Fund Experience

Are there different tools used when looking into industries? Do you have any go-to websites or databases for research?

What does a typical day-to-day look like at your firm?

Sell-Side Roles

Refers to firms that promote and sell companies and securities to the buy-side — they are dealmakers:

Investment Banking

Equity Research

Sales and Trading

Sell-Side Q&A

What does the sell-side recruitment process look like?

What was recruiting for banking like?

How was it working for a small office (satellite office)?

Any tips for reaching out and networking as a first or second year?

Zoom Case Study:

Case Study — Zoom Video Communications

This week’s Case Study was about Zoom Video Communications. Zoom is an enterprise-grade, cloud-based conferencing platform founded by Eric Yuan in 2011. Faced with initial challenges of raising capital prior to having a sellable product, Zoom raised pre-seed and seed (early-stage) financing of $146 million from venture capital (buy-side) firms such as Maven Ventures and Qualcomm Ventures. After scaling, Zoom eventually hired sell-side firms such as Goldman Sachs and BlackRock to structure and price their IPO, raising an additional $356.8 million!

This allowed them to develop their products, acquire clients, and cover their overhead costs. Now, Zoom has a market cap of $79.11 Billion, and equity research firms publish reports on Zoom that provides retail and commercial investors with knowledge and insights that can influence their investment decisions.

Key Takeaway

How to Get Involved

Informal Involvement

Formal Involvement

WCM’s mission is to educate, develop and provide real-world opportunities for members of the Western community to explore their interest in finance.