Hi guys,
I'm very interested in IB but am not very familiar with the actual body of an IB. Could somebody actually explain the major divisions in most BB IBs? I know some of them (M&A, S&T) but don't really know what the major divisions of a bank are.
Thanks monkeys
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http://en.wikipedia.org/wiki/Investment_banking
hahaha, thankd
Split into two sections, products and markets. Products = IBD, (Lev Fin, M&A, ECM, DCM etc) and markets (sales and trading).
How exactly can one be very interested in investment banking if they clearly do not know what it is?
money
?? I know what alot of the different functions are but I wasn't aware of the exact divisions. I know what their functions are, just not sure which divisions carried out which etc.
.
M&A is not a division. M&A is a product group within the Investment Banking Division, which includes product groups like Lev Fin and M&A, industry coverage groups like TMT, etc and S&T. Investment banks also typically have Asset Managment arms, PWM arms, and provide a multitude of services to clients. Roles vary vastly between divisions, and between groups in a certain division.
Investment Banking, Sales, Trading, Research, Asset Management, --> Front Office
Credit Risk, Market Risk --> Middle Office
Finance, Marketing, HR, Operations, Compliance, Legal --> Back Office
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