What is the difference between 'investment banking' and 'global markets'?
For banks like Deutsche Bank, HSBC, Barclays, I see internships/grad jobs advertised as, 'investment banking analyst' or 'global markets analyst'. Or some times they also have 'banking and markets analyst' mixed in like in the case of Merrill Lynch. Am I right in thinking they're both considered front office investment banking roles? So are they all considered as investment bankers?
From what I've gathered, 'investment banking' is more client facing than 'markets' people. but I'm not 100% sure.
Also, for the 'markets' area, the roles are usually split between sales and trading. How do they compare with each other, and would you say that sales is more suited to out-going people who prefer facing clients?
I always thought global markets was another term for S&T
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