Hi all, I just received an internship rotation in the Change and Transformation team in Investment banking. I was wondering what it encompasses as I have never heard of it before and I can't find anything online. Is it more toward Strategy and Technology?
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Based on the most helpful WSO content, "Change and Transformation" within investment banking typically refers to the processes and initiatives aimed at improving the bank's operations, strategies, and technologies. It's a broad field that can encompass a variety of projects, such as:
It's a role that sits at the intersection of strategy, operations, and technology, and it can be quite dynamic. You might find yourself working on projects that involve:
Given the nature of your internship rotation, you'll likely gain exposure to a variety of tasks and projects that will give you a solid understanding of how investment banks are evolving and adapting to the changing financial landscape. It's a great opportunity to learn about the strategic side of banking as well as the operational and technological challenges banks face.
Sources: Please Help Me Understand Corp. Finance / M&A at the Big 4, Investment Banking vs. Capital Markets - How different are they?, A Guide for Switching From Commercial Banking to Investment Banking, Changing face of Investment Banks, Is Investment Banking Boring?
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