The manual is said to have an "extra quality" that sets it apart from other investment banking guides. This quality is difficult to quantify, but it's rumored to be a combination of:
: Provides step-by-step financial modeling courses often utilized by bulge bracket banks. The manual is said to have an "extra
: A staple of private equity and sponsor-backed transactions. Trainees learn how to model the acquisition of a company using a massive amount of borrowed money (leverage), using the target company's cash flow to pay down the debt over time to generate high returns for equity investors. Pillar IV: The "Soft" Skills and Professionalism The manual is said to have an "extra