6 Comments
 

Merchant Banking. Although many internal IB employees do lateral into Merchant Banking. A lot of the external hires are likely through connection and at times, nepotism. Not nearly as lucrative as it once was in the 90s/00s but appears to be better hours/optionality to pursue different opportunities as an investor rather than an advisor at the senior level. The internal "PE group" at BBs legitimately competed for WSJ-headline worthy deals with megafund PE firms up until the mid 2000s or so.

https://www.wallstreetoasis.com/forums/what-happened-to-the-merchant-ba…;

 

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