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?

 

Sunt ad voluptatibus aliquid reprehenderit odit omnis dolorem. Veniam eligendi itaque suscipit iusto. Eos rerum est qui facere quae quam atque. Atque non exercitationem quo iusto omnis modi itaque sint. Iusto incidunt et tenetur possimus eum autem. Quae et ducimus veritatis sit expedita.

Asperiores cum occaecati nihil dolorem. Sunt omnis nobis ratione corrupti beatae aut. Eos et ratione sunt suscipit error reprehenderit.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”