Investment Banks

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

11 Comments
 

?? 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.

"History doesn't repeat itself, but it does rhyme."
 

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

I'm grateful that I have two middle fingers, I only wish I had more.
 

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