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This may be a bit petty, but it's been grinding my gears for a while. Kids - The acronym "IBD" stands for "Investment Banking Division". As in - the division of a bank that performs investment banking activities. This includes things like M&A, capital raising, restructuring, etc. You can find this definition in the WSO FAQ.

Thus the sentence "I'm interviewing for a job in the IBD at JPM" is just fine and makes sense.

Similarly, the statement "I want a career in IBD" is wrong and makes you sound like a retard - say it out loud. The phrase you are searching for is "investment banking". As in - "I want a career in investment banking (IB)". Get your terminology right, because when you write sentences like "What makes IBD (read - investment banking division) a 100hr/week job?" you sound like a high school kid throwing out acronyms to sound cool.

Comments (24)

  • San Franciscan's picture

    There's some serious inflation going on in our little WSO banana economy...

    (Yes, I recognize the inherent hypocrisy in this comment.)

    "If you can count your money, you don't have a billion dollars." - J. Paul Getty

  • In reply to prospie
    CaptK's picture

    prospie wrote:
    Actually, I prefer that posters be as specific as possible. even by the strictest definition, IB ("investment banking") could refer to a variety of groups in ECM and DCM.

    CaptK (OP), do you actually work in banking? If you worked at a BB, people would say "yeah he's in IBD." It's shorthand for a specific division.


    Yeah prospie, I did for two years before I moved to the buy side, that's what that star next to my name means. It seems you're agreeing with me, but I can't tell - IBD refers to the specific division in the bank, whereas IB refers to the field in general.

    - Capt K -
    "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham

  • In reply to CaptK
    LIBOR's picture

    CaptK wrote:
    prospie wrote:
    Actually, I prefer that posters be as specific as possible. even by the strictest definition, IB ("investment banking") could refer to a variety of groups in ECM and DCM.

    CaptK (OP), do you actually work in banking? If you worked at a BB, people would say "yeah he's in IBD." It's shorthand for a specific division.


    Yeah prospie, I did for two years before I moved to the buy side, that's what that star next to my name means. It seems you're agreeing with me, but I can't tell - IBD refers to the specific division in the bank, whereas IB refers to the field in general.

    The aggregate amount of time/energy you spend reading the extra "D" when it is supposed to just be "IB" is (in my estimation) nowhere near the amount of time/energy you spent creating this thread and arguing your position.

    In addition, this isn't a formal forum where everyone needs to write everything perfectly correct. I don't think its 'specific as possible' to call an MD a 'baller' or a 'rainmaker' (you would never call them this to their face) but for the purposes of this forum its all fine.

  • In reply to LIBOR
    drexelalum11's picture

    <a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-london-interbank-offer-rate-libor" rel="nofollow">LIBOR</a> wrote:

    In addition, this isn't a formal forum where everyone needs to write everything perfectly correct. I don't think its 'specific as possible' to call an MD a 'baller' or a 'rainmaker' (you would never call them this to their face) but for the purposes of this forum its all fine.

    No shit, you call them a balla' and a rainmaka'

  • In reply to LIBOR
    prospie's picture

    <a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-london-interbank-offer-rate-libor" rel="nofollow">LIBOR</a> wrote:
    CaptK wrote:
    prospie wrote:
    Actually, I prefer that posters be as specific as possible. even by the strictest definition, IB ("investment banking") could refer to a variety of groups in ECM and DCM.

    CaptK (OP), do you actually work in banking? If you worked at a BB, people would say "yeah he's in IBD." It's shorthand for a specific division.


    Yeah prospie, I did for two years before I moved to the buy side, that's what that star next to my name means. It seems you're agreeing with me, but I can't tell - IBD refers to the specific division in the bank, whereas IB refers to the field in general.

    In addition, this isn't a formal forum where everyone needs to write everything perfectly correct. I don't think its 'specific as possible' to call an MD a 'baller' or a 'rainmaker' (you would never call them this to their face) but for the purposes of this forum its all fine.

    libor, what I meant was that it makes answering questions easier when a poster is specific about which dept they're referring to. The reason it's convenient to have this distinction between IB and IBD is because underwriting a CMBS offering is NOT a 100-hr/wk job, but underwriting an IPO often IS. Different skillsets, different exit opps, different lifestyle entirely. they are both definitely banking jobs: you're not doing equity research, you're not trading, you're not in institutional sales - you're working on a securities offering. but one is a capital markets type of job, the other clearly falls under the investment banking dept.

    captk, just ignore me in that case, I didn't realize you were in the industry.

  • Barboone's picture

    "The higher up the mountain, the more treacherous the path"
    -Frank Underwood