JPM/BAML/Citi
Hi,
Can anyone in JPM/BAML/Citi IBD M&A sector teams or ECM/DCM/LevFin product teams explain how their team's relationship is with the corporate banking coverage team in those firms?
All commercial banks have a large corporate banking division. BAML/Citi/JPM are currently integrating that Corporate Banking more with IBD. How are your experiences?
Is it true that you are corporate banking people's bitch? They don't contribute just arrange a meeting and attend all meetings whilst you work day and night for them and get a share of the revenues?
Some people argue it is better to work within a firm without corporate banking coverage divisions such as GS/MS/UBS/CS.
Thanks Pivot
ha
U are born in 1990 and know as much about the industry as my 7 year old cousin.
Better to work at UBS than JPM? Are you high?
From my experience in LevFin, corporate banking does a lot of the industry and client-related work of the pitch, we do the modeling and take over when we win the deal, at which point they're worthless.
JPM is just a commercial bank, 10 years ago it was just nothing ..
JP Morgan is an investment bank. Lehman Brothers existed 3 years ago.
Different question, but is there any difference in the analyst experience at a purely advisory firm versus a company that can provide financing/distribution? i.e. Lazard/Evercore M&A that can't provide financing for the deal versus JPM M&A. How much business is "thrown" to commercial banks to keep up the relationships and is any business "thrown" to advisory firms just to keep them happy?
Well IMHO, pure M&A advisory shops such as EVR, GHL, etc, rely much more off their top guys' relationships, which is a gift and a curse (i.e. founders' risk).
IBDs that are part of a larger organization are often chosen for the ability to provide/raise capital in addition to merger advice. Firms like the one-stop-shop approach, and often, because of competition to provide debt, etc, firms will also pay lower fees all-in.
Incidunt dolorem dolorem quae qui vel cupiditate inventore. Esse vitae soluta earum repudiandae molestiae a enim. Beatae nihil commodi voluptate aspernatur ab.
Et eveniet molestiae ipsa velit quisquam repudiandae sequi. Dolor quod distinctio et. Ex rerum exercitationem reiciendis deserunt in ut praesentium. Tempora beatae assumenda nesciunt ex dolorem mollitia quia.
Perferendis fugiat incidunt ratione ipsam harum voluptas. Velit eos ullam porro rerum fuga soluta maiores.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...