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What are the different phases in the investment banking process?

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What are the different phases in the investment banking process?

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One of my friends told me that his company is currently in “Phase C” in the investment banking process. I’ve never heard of the term “Phase C”. I was just wondering was it something that he made up to make me feel ignorant or was it something that I’m actually not familiar with? A: I never heard of that either! He may be in what they call phase C in their training of him!

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