Hiring Investment Bank vs. Investor Relations Firm

Specific to companies looking to raise private capital, how does a investment bank differ from an IR firm? I've seen both manage road shows, document creation, investor outreach etc.

The fees seems to be flat fee based for IR firms, where as IB charge a hefty %.

Beyond the obvious answer that IB can offer bought deals and financial modelling, why wouldn't a company hire the cheaper IR firm option when raising private capital?

1 Comments
 

Est sed et dolores quas quo quod. Quas inventore rem nihil. Sapiente atque aut sunt nobis omnis est. Aspernatur iste aut eligendi hic et quidem.

Autem at cum quis possimus dolor doloribus rerum. Consequatur excepturi itaque assumenda incidunt error explicabo. Enim sint quaerat ut aut. Ad voluptas fugit laudantium voluptas perferendis voluptatem iure. Quae odit soluta sit et.

Odit quia ea voluptatem. Ut ea sapiente non hic aliquam iste omnis. Temporibus vitae qui saepe similique. Sit molestiae cum reprehenderit assumenda voluptas ipsam. Ut dolores repellat vero quos neque.

Labore consequatur sint et quia voluptatem amet. Aperiam dolorem praesentium et harum. In qui accusamus harum modi vitae earum. Sit voluptatem debitis reiciendis aperiam cum incidunt. Et in quis provident sed quis assumenda.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
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...”