Can someone please briefly explain to me the various fields within finance?

I am a newcomer to the world of finance and am still trying to figure out the difference between fields like S&T, securities, equities, fixed income, IBD, buyside, sellside, asset mgmt, etc.

I'm assuming IBD is the hardest to break in and the most well-paid at the entry level... but could someone please explain to me how all of these fields differ in terms of job description, skills required, and compensation?

Thanks!

MOD EDIT: USE THE SEARCH FUNCTION

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Man, if only there were a way to search this website (or even the whole internet!) for basic information that has been discussed before. Maybe one day

 
Best Response

Buy-side: -Asset Management (inst investors, mutual funds, pension funds, HNW indiv) -Hedge Funds -Private Equity -Venture Capital -Prop Trading

Sell-Side: -Investment banking division (ECM, DCM, TMT, M&A, Lev Fin, Synd, Restr) -Sales & trading -Equity research

Other finance: -PWM (brokers, advisers) -Consulting -Corp Fin -Comm Banking -Real estate -Insurance -Ops -Audit -Accounting

 

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