Sorry for the novice post guys. I am fairly new to the industry and was hoping someone can break down all the abbreviations for me, if there already isn't a post.
(IBD, MD, etc)
Much appreciated.
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http://www.wallstreetoasis.com/faq-common-acronyms-used-on-wso
Investment Banking Division - (basically everything other than asset management (AM) and sales&trading (S&T))
MD - Managing Director
Some others I see thrown around a lot:
PE - Private Equity, what most Americans seem to be entirely focused on with exit ops!
SA - Summer Analyst
FT - Full time (usually analyst, sometimes associate)
PE - Penis Envy
SF - Search Function
BSD- Big Swinging Dick, a Rainmaker senior level banker or trader Stat Arb- Statistical Arbitrage Big 4- Price Waterhouse Coopers, Ernst and Young, KPMG and Deloitte HC- Healthcare
M&A - Mergers and Acquisitions; M&I - Mergers and Inquisition; DCF - Discounted Cash Flow;
Acronyms, abbreviations and definitions (Originally Posted: 05/08/2007)
I think we should have a topic for commonly used acronyms, abbreviations and definitions used on this site besides the short one on the right of the home page. Many of the users are new to the industry, international students or high school students. I have seen this done on other sites and it is extremely helpful to rapidly climb the learning curve and integrate new people into the converstions. I suggest when you use an abbreviation/acronym you check this topic and if it is not here you add it for example SA, CT etc etc with the meaning. Also if a abbreviation/acronyms or definition is not listed and you don't know what it means this would be the forum where you could ask the meaning and get an ansewer.
Then maybe a moderator can alphabetisise the abbreviation/acronyms.
Maybe a mega contributor would be willing to start and submit a list of common abbreviation/acronyms and definitions?
There aren't too many acronyms ocmmonly used other than the ones in the bottom right.
SA = summer analyst (this one isn't even really common knowledge),
almost all of the bulge bracket firms are given acronyms, such as DB and ML,
CT = Charles Tyrwhitt (trust me, people do NOT go around calling it "CT" in real life, and this is the first place I've seen that. Furthermore, it's not even all that relevant to IB career discussion, so don't worry about it),
S&T for some reason is not in the bottom right, but if you've read any basic intros to wall street careers then that one's obvious,
FX or Forex refer to foreign exchange, but that's trader talk,
FI = fixed income, which can be an entire division with a million different functions depending on what firm you're at,
HYPS or HYPW = Harvard/yale/etc, but that is not something you need to know. You might also see HWS to refer to the top 3 MBA programs in the us.
And honestly, that's all that I can think of that wouldn't be in the bottom right. The only two you mentioned (SA and CT) are pretty obscure and not commonly used.
well PWM= private wealth maanagement ER=Equity Research S&T=Sales and Trade
I was a thread and everyone was talking about comparing a career in CT to a career investment banking. CT?
target schools = Ivey League target non-ivey school= ?????????? semi target =????????????????????? Non-target =??????????????????????
FIAWAD = Fall In A Well And Die
Abbreviations (Originally Posted: 05/21/2007)
I've got a couple questions about abbreviations. What do the following mean (groups within an investment bank, I assume)?
GIB - Global Investment Banking (?) CM - Capital Markets (?) GM - ? GTO-GMT - ? GTO-ITCMT - ? GTO-MO - ? GTO-NCG - ?
Taking a wild guess:
GM: Global Markets GTO-GMT: Global Technology & Operations - Global Markets Technology
I looked around online, but found that different banks have the some of the same abbreviations, but they mean different things at different banks.
So, I don't know, depends on the bank I guess.
Alright, thanks for the effort. I'd looked around online as well, so that's why I wasn't sure. I guess I'll find out, and I can always ask HR.
What does PWM stand for? (Originally Posted: 06/01/2008)
Sorry for the dumb question, but what's PWM? Private Wealth Management? Also, why is it considered a "BS internship"?
Private wealth management
So what do you do? -I work for an investment banking firm. Oh okay; you are like my brother, he works for Edward Jones. -No, a college degree is required in my profession
What he said.
The experience of working for a financial advisor is more of a sales job than anything. From my experience you will not really do that much except answer phones, print out client statements, get food, etc etc. Private Wealth Management is just a fancy word that means brokerage house. In the past if people needed to make a trade you would have to call up your broker and they would get a commission. This business model is dying. Private Wealth Managers are more about financial planning. They will help with estate and tax planning and sell the firm's products. This could be structured products, mutual funds, equity syndicate, alternative investment vehicles etc etc. The only interesting part of the job for me was to learn about the different products.
Private wealth management. It is a BS internship BC it is very less rigourous than trading, ib, pe, hf. Also, if you want to make money in PWM, you better know lots or rich people, so it is much better to go the i-bank route and build contacts, than switch into pwm.
Its not a bs internship if you get it early in your college career (freshman, sophomore year). Then, you can use the contacts to help land something else. It's a pretty laid back internship depending on the company and the fa, some more than others. It's not bs if you can learn from it and also build contacts for the future. But yes, you won't be working crazy hours like ib.
how is ib rigorous? push paper + long hours = rigorous?
i agree with fjaffri... if your fresh/soph...its not a bad internship....but would rather intern at the fed or treasury... then do banking/trading/hedge fund jr/sr year.
What does BB stand for? (Originally Posted: 01/08/2010)
Hey guys, I'm new...I was wondering what BB stands for when people talk about BB banks Thanks
BB stands for "Bulge Bracket" and includes banks like Morgan Stanley, Goldman, BofA, Citi, JPM, DB, Credit Suisse, etc.
big black...
BB--backstabbing bastard (from Max Payne)
http://www.wallstreetoasis.com/faq
big boner
bareback
big bush
Baklava Bitch
Big ballin
http://en.wikipedia.org/wiki/Bulge_bracket
Black Berry
Blue Bell
Bad Boy
And the winner is .... Bulge Bracket for $1,000
Runner up is .... Big Boobs for $500
And third place goes to Big Breastseses for $100
I am gonna go with Best Buy
Blue Balls
Skippy Peanut Butter
Bitches Bouncing
Bilbo Baggins
Bangin' Bitches
I like BIG BUTTS and I can not lie
You other brothers can't deny
Common abbreviations? (Originally Posted: 06/12/2010)
Hey guys, I'm pretty new to all of this, especially this forum, I was just wondering what are all the common abbreviations that are used in conversation/discussion? This could range from BB, MBB, PE, PA, IB, and whatnot. Please excuse the ignorance, this is my first summer home from college and I'm barely skimming the top of anything business related yet.
Check FAQ in the ABOUT section
Awesome, thanks thanks.
Help: What does ENO stand for? (Originally Posted: 03/05/2011)
Can anyone tell me what ENO stands for? Thanks!
You may want to provide the context you saw it in. I googled it just now and got a variety of results including a hammock maker and the English National Opera
As far as prop trading firms go what do these abbreviations stand for: SIG, jsc, drw? (Originally Posted: 12/13/2013)
Seeing them everywhere on lists of good prop shops.
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