Bulge Bracket Research Departments

I'm a little confused on how bulge-bracket research departments are organized as it pertains to buy-side vs. sell-side. Obviously BB Banks have their sell-side departments but they also have divisions doing research for their own investments, correct?

Is there is a list somewhere that contains the different names of the divisions at these banks and their function?

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JPM, GS, UBS, CS etc all have asset management divisions which run their in-house funds. These divisions have their own research analysts, whose roles are practically the same as analysts at traditional AM firms. Sell-side research is a completely different division - main role is to model earnings, estimate EPS, and facilitate client trades by offering expertise. You could argue that, if you compared buy side vs sell side at the junior level, what they actually do on the job is not that different, but it depends.

 

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