Corporate vs IB coverage

Could someone tell me the difference between Corporate and IB coverage? For example, I received an offer for FIG coverage at Wells Fargo, is that IB or Corporate? It's under the CIB umbrella so am unsure what the difference between the two is.

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Corporate = Only covering the credit needs of your client. In most cases, this is just term loans & revolvers. Corporate banking (or DCM, LevFin) often goes hand in hand with M&A as some kind of debt is usually used.

IB = Providing strategic advice to clients, pitching them ideas on M&A. You are also the liaison between the client and all other product groups (CB, ECM, DCM, etc.) so essentially oversee all dialogue that C-Suite executives would be having with the bank.

You can easily find more answers like this by googling.

 
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