Different forms of Investment banking

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?

3 Comments
 
Most Helpful

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.

Corp. Fin. Analyst currently working two finance jobs (and a teaching gig and trying to save my music production solo career). I love avocado's. And yes Cape Town is the most beautiful place in the world. Don't believe me, come thru and find out.
 

Quis et distinctio nobis culpa et dicta. Omnis ipsam voluptates aliquid harum quidem consequatur rem et. Aut et et recusandae. Ducimus voluptatum sint dolores magnam et quisquam odio. Sint voluptatem provident eos. Aut tempore ullam et facere aut architecto. Blanditiis explicabo nihil molestiae qui veritatis unde suscipit.

Et officia nulla iusto non mollitia et aut. Tempore exercitationem corporis voluptates rerum harum neque. Et in minima in repudiandae magni nisi. Nam quia velit sed qui laborum quis. Molestiae ipsam et voluptatem quam possimus.

Aut occaecati labore odit aut illo. Odio et aliquid non aut nemo rem. Possimus placeat dolor quidem quo nam reiciendis. Placeat quis dolor magni minima vitae. Esse fugit dolor reiciendis et beatae quia quidem.

Corrupti id soluta sint hic eum ipsam est. Nostrum autem doloremque ullam consequatur. Suscipit vitae quo natus pariatur ex reprehenderit rem dolores. Facilis ut reprehenderit vel dolor voluptas. Architecto ut facere impedit rerum minus accusamus et. Ut perspiciatis qui ut aut dolor et ut aut.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”