6/7/10

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)

6/7/10

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6/7/10
6/7/10

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

6/7/10

Herro. Whats next things you tell will me? you demand the subject and verb agreements?

6/7/10

Thank you. I felt like I was taking crazy pills.

6/7/10

Totally agree. You know what else grinds my gears? When people don't refer to The Goldman Sachs Group, Inc. and instead use acronyms like GS - they just sound like a bunch of wannabes throwing out acronyms to be cool.

In reply to ideating
6/7/10
ideating:

Totally agree. You know what else grinds my gears? When people don't refer to The Goldman Sachs Group, Inc. and instead use acronyms like GS - they just sound like a bunch of wannabes throwing out acronyms to be cool.

sounds like you need therapy or work at gs lowercase what now ho

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6/7/10

Balbasur, youre a clown. Ideating is making fun of the OP as the original post was retarded. Who fckin cares if people say IB or IBD.

6/7/10

Dude, relax. IBD is obvious shorthand for investment banking in general, not just the investment banking division of a broker/dealer.

6/7/10

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.

6/7/10

LOL@ CaptK. Well isn't that the point of a college kid joining WSO? To learn the "lingo", the good the bad and the ugly and then decide whether or not they want a career in IBD :)

In reply to junkbondswap
6/7/10
junkbondswap:

Balbasur, youre a clown. Ideating is making fun of the OP as the original post was retarded. Who fckin cares if people say IB or IBD.

sorry i shouldn't lower case GS god might smight with lightning form making fun of his apostles :(

In reply to prospie
6/7/10
prospie:

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
6/7/10
CaptK:
prospie:

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.

looking for that pick-me-up to power through an all-nighter?
In reply to LIBOR
6/7/10

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'

6/7/10
6/7/10

To 99% of the world, "Investment Banking" refers to the work performed at investment banks, regardless of its nature.

In reply to LIBOR
6/7/10
CaptK:
prospie:

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.

6/7/10

Ridiculous thread....who cares.

6/7/10

IBD also often refers to Investment Banking Department, not Division...

6/7/10

^....NO.
@OP: To quote sirbankalot, "I slept with your mother last night"

6/8/10

Can someone tell me what IBK stands for? as in Merril Lynch's IBK

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

In reply to ideating
6/9/10

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6/9/10

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