So I have a list of 200 banks or so that I am going through. How can I tell if these banks are legitimate. I am visiting each of their websites 1 by 1, so far I have maybe only 9 or so companies that I marked as potential work places from what I read of their services and of their senior members. fyi..I eliminate pure valuation/ m&a/ pwm/ restructuring...
Obviously their are the top 50 banks or so that every one knows. But is there a way to tell if a bank is reputable by any other means? I heard one thing you can do is see if the bank has a broker dealer license?? please correct me if I'm wrong, I may or may not be talking out of my ass (and how can I check if they do have a broker dealer license? ask them over the phone or in an interview?)
This list of 200 would be gold if I was trying to break into banking, but what I am trying to do now is move up from where I already SAed.. which i hear is just a bit reputable
I would look at the team profile and see where the bankers have had previous experience.
bumpp Thanks, I have been doing that but some banks have people new to banking without previous experience. Any other way? broker dealer license?
Being registered as a broker dealer is in no way going to determine the quality of a firm. Being a broker dealer basically just means that a firm effects securities transactions for itself or its clients, and isn't a bank, savings institution, or trust (among other limiting criteria). Just because an institution has this registration, doesn't mean in any way that it is a reputable shop... the registration process doesn't reflect the quality of their business, but rather is a way for FINRA to provide oversight over their business from a regulatory standpoint, and more importantly for FINRA to make some money dollars for the privilege of registration (gotta pay a fee).
Alias atque sit quisquam nam commodi rerum aperiam. Provident quia est natus aut et. Eos iusto voluptatum ullam rerum et. Qui est culpa qui veritatis maiores. Accusantium asperiores aperiam ad cumque optio.
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...