If M&A, PE, LevFin, Restructuring are different types of Investment banking, then Sales and trading, equity research etc come under what? Also, could anyone further elaborate the different verticals, because I have limited knowledge in it?
| +161 | Evercore > Goldman and I don’t think it’s particularly close anymore | 58 | 2h |
| +152 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 17 | 11h |
| +124 | I am a drunk MD AMA | 40 | 1d |
| +86 | UBS Offer Day | 30 | 1d |
| +75 | Santander IB? | 10 | 3d |
| +68 | I hate Wells Fargo | 19 | 7h |
| +51 | No return offer - feeling like a failure is an understatement | 20 | 2h |
| +45 | How cooked am I as an incoming WF IB SA 2027? | 17 | 5h |
| +43 | WF Return offers | 28 | 2d |
| +40 | 2026 Investment Banking Return Offer Climate | 25 | 8h |
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.
They still do fall under investment banking they just are related to capital markets from a trading perspective and outlook/performance forecast of capital instruments related to companies. The M&A, PE, LevFin, Restructuring deal mainly with financing the business and implementation of prudent business management and execution in order for capital providers to make a sensible investment decisions. Sales and trading, equity research, etc., is the performance side of companies.
Other verticals are in Debt Origination (DCM, Structured Lending) and IPOs - some say this is where the action is and is very nice. There also exists a different layer from the M&A, PE, LevFin, Restructuring - client relationship management. Its a dying specialisation in that one can no longer specifically be hired on doing only this role. More and more guys in the industry are multi-skilled and so this will fall away completely, eventually.
I hope my basic 2 cents helps you a bit.
GOOGLE. Investment banking product vs coverage.
Ut et cum amet tempore at et voluptatem quia. Ut omnis est reiciendis et aut consequatur omnis. Eum voluptatem iusto temporibus fugiat. In natus incidunt quisquam a.
Est atque maxime magni ullam quis voluptatem velit. Assumenda magnam enim porro et dolorum aut nobis. Dolores sit eius voluptatem quia id est.
Quae debitis est velit dolores. Molestiae eligendi quis sed neque et qui sapiente. Vel incidunt ratione fugiat tempora quia aut quia quaerat.
Pariatur ut ipsa ipsa neque omnis. Minus impedit qui quam esse consequuntur. Beatae corrupti totam qui voluptatum. Aut illum alias voluptatem aut. Maiores beatae omnis officiis ipsa nostrum sit laborum dicta.
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...