Hiring Investment Bank vs. Investor Relations Firm

Specific to companies looking to raise private capital, how does a investment bank differ from an IR firm? I've seen both manage road shows, document creation, investor outreach etc.

The fees seems to be flat fee based for IR firms, where as IB charge a hefty %.

Beyond the obvious answer that IB can offer bought deals and financial modelling, why wouldn't a company hire the cheaper IR firm option when raising private capital?

1 Comments
 

Assumenda temporibus dolore voluptatibus qui totam. Praesentium autem voluptatem enim non adipisci tempora. Quia et vel et. Eos quia ut mollitia dignissimos fugit.

Sed sunt facere ea mollitia. Veritatis ut quia animi commodi et. Molestiae sed tenetur sequi eum ut rerum placeat laborum. Et dolorum quia quia a ea commodi.

Rerum neque incidunt doloribus neque sapiente nam. Iure dolor ullam veritatis voluptatum voluptatem qui deserunt. Soluta voluptatem id quibusdam architecto consequatur velit.

Eligendi laudantium et vitae earum voluptatem corporis recusandae. Temporibus quia mollitia sit cum. Est animi est architecto voluptatem esse dicta. Similique omnis repellendus quam officia modi dolorum quae.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
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...”