Hi guys,
I'm very interested in IB but am not very familiar with the actual body of an IB. Could somebody actually explain the major divisions in most BB IBs? I know some of them (M&A, S&T) but don't really know what the major divisions of a bank are.
Thanks monkeys
| +2,416 | Bank of America - Juniors Strike to start Monday May 6th | 257 | 1m | |
| +706 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 73 | 2h | |
| +458 | This is a dark day for Wall Street. | 30 | 1h | |
| +158 | Big Layoff at Barclays - 5/1/24 | 86 | 11h | |
| +119 | “Americans just work harder” | 54 | 1d | |
| +113 | Analyst at Bofa FIG-Thoughts | 13 | 4m | |
| +101 | Shame on you, BofA. But also, the industry needs to change. | 15 | 1h | |
| +97 | BofA List | 20 | 3s | |
| +72 | Sleeping on Jefferies??? | 35 | 23h | |
| +60 | What's up with RBC nowadays? | 28 | 20h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
http://en.wikipedia.org/wiki/Investment_banking
hahaha, thankd
Split into two sections, products and markets. Products = IBD, (Lev Fin, M&A, ECM, DCM etc) and markets (sales and trading).
How exactly can one be very interested in investment banking if they clearly do not know what it is?
money
?? I know what alot of the different functions are but I wasn't aware of the exact divisions. I know what their functions are, just not sure which divisions carried out which etc.
.
M&A is not a division. M&A is a product group within the Investment Banking Division, which includes product groups like Lev Fin and M&A, industry coverage groups like TMT, etc and S&T. Investment banks also typically have Asset Managment arms, PWM arms, and provide a multitude of services to clients. Roles vary vastly between divisions, and between groups in a certain division.
Investment Banking, Sales, Trading, Research, Asset Management, --> Front Office
Credit Risk, Market Risk --> Middle Office
Finance, Marketing, HR, Operations, Compliance, Legal --> Back Office
Amet repudiandae magnam modi. Aut et soluta nesciunt sint. Soluta sunt ea ut inventore vel sequi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...