Investment & Research?

So Vanderbilt breaks their placement into the following categories: Investment & Research Investment Banking Sales & Trading Real Estate Finance corporate finance Advisory Services & Consulting

I'm aware of my ignorance, hence why I'm on this website trying to learn: does "Investment & Research" include AM & ER?

I asked this on another post. However, due to the way I asked my question, someone gave me a different answer that I was also looking for.

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