Finance students examine investment banking at Rabobank
Students from the MSc Finance & Investments Advanced programme at Rotterdam School of Management, Erasmus University (RSM) visited Rabobank in September 2017 as part of the career development element in the curriculum. They explored several investment banking divisions, and were challenged to negotiate in an M&A case study.
Rabobank, which is a corporate partner of the programme, is a globally operating wholesale bank with offices in 44 countries.
The company visit started off with a presentation about the future of work and how Rabobank plans to embrace challenges of the future such as technological and demographic change.
This was followed by an introduction to the RaboResearch Netherlands team, which analyses and forecasts economic developments in the Netherlands. As an example of their work, the Rabobank staff explained how the newly presented Dutch national budget will influence economic variables such as unemployment in the future.
“This company visit gave us a valuable in-house experience,” says Paul Graafland, a student in the MSc Finance & Investments Advanced programme. “I really enjoyed my time at Rabobank.”
Debt capital markets
The finance students had the opportunity to see the brand-new Rabobank building through an exclusive tour. They were impressed with the stunning view from the 20th floor, took an ethics quiz in the Rabobank museum, and visited the plaza where employees hold meetings and take breaks.
During the second part of the day the students explored the investment banking divisions Debt Capital Markets, Equity Capital Markets, and Mergers and Acquisitions. After a presentation by the Debt Capital Markets team, the class started the last challenge of the day: an M&A case study about the sale of the brandy and sherry business of Beam Suntory in Jerez, Spain.
Company valuation assignment
The students first practised their skills at number cracking and came up with their valuation of the company. After proposing their valuation to the owner, tough negotiations about the final price started between the buy and sell teams. Ultimately, all four negotiation teams got a deal.
“It was really fun to negotiate our position and defend our valuation against the other team to get the best possible deal in the end,” said student Fábio Seabra de Oliveira Santiago das Neves from São Tomé and Príncipe.
The insightful company visit concluded with networking drinks for the students and bankers from the investment banking division.
Partnering with RSM’s top-level MSc Finance & Investments Advanced programme gives companies access to an exclusive group of world-class finance students who have been carefully selected for their exceptional ability, advanced knowledge and quantitative skills, as well as their managerial and social skills.
There are many other mutual benefits to being a corporate partner of this unique programme, including real-life business case support, recruitment opportunities, and networking opportunities with highly talented young professionals and a top finance research group.
Rotterdam School of Management, Erasmus University (RSM) is one of Europe’s top 10 business schools. RSM provides ground-breaking research and education furthering excellence in all aspects of management and is based in the international port city of Rotterdam – a vital nexus of business, logistics and trade. RSM’s primary focus is on developing business leaders with international careers who can become a force for positive change by carrying their innovative mindset into a sustainable future. Our first-class range of bachelor, master, MBA, PhD and executive programmes encourage them to become critical, creative, caring and collaborative thinkers and doers. Study information and activities for future students, executives and alumni are also organised from the RSM office in Chengdu, China. www.rsm.nl
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