IBD = Investment Banking Division

This may be a bit petty, but it's been grinding my gears for a while. Kids - The acronym "IBD" stands for "Investment Banking Division". As in - the division of a bank that performs investment banking activities. This includes things like M&A, capital raising, restructuring, etc. You can find this definition in the WSO FAQ.

Thus the sentence "I'm interviewing for a job in the IBD at JPM" is just fine and makes sense.

Similarly, the statement "I want a career in IBD" is wrong and makes you sound like a retard - say it out loud. The phrase you are searching for is "investment banking". As in - "I want a career in investment banking (IB)". Get your terminology right, because when you write sentences like "What makes IBD (read - investment banking division) a 100hr/week job?" you sound like a high school kid throwing out acronyms to sound cool.

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Comments (24)

Jun 7, 2010 - 12:56am

There's some serious inflation going on in our little WSO banana economy...

(Yes, I recognize the inherent hypocrisy in this comment.)

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Jun 9, 2010 - 12:58am

it actually bugs me more when I don't see Goldman, Sachs & Co.

PS IBD at most banks is generically used. e.g. "She is joining IBD?" never heard it used with "the." Get used to it.

ideating:
Totally agree. You know what else grinds my gears? When people don't refer to The Goldman Sachs Group, Inc. and instead use acronyms like GS - they just sound like a bunch of wannabes throwing out acronyms to be cool.
Jun 7, 2010 - 1:36pm
junkbondswap:
Balbasur, youre a clown. Ideating is making fun of the OP as the original post was retarded. Who fckin cares if people say IB or IBD.

sorry i shouldn't lower case GS god might smight with lightning form making fun of his apostles :(

Jun 7, 2010 - 12:32pm

Actually, I prefer that posters be as specific as possible. even by the strictest definition, IB ("investment banking") could refer to a variety of groups in ECM and DCM.

CaptK (OP), do you actually work in banking? If you worked at a BB, people would say "yeah he's in IBD." It's shorthand for a specific division.

Jun 7, 2010 - 1:48pm
prospie:
Actually, I prefer that posters be as specific as possible. even by the strictest definition, IB ("investment banking") could refer to a variety of groups in ECM and DCM.

CaptK (OP), do you actually work in banking? If you worked at a BB, people would say "yeah he's in IBD." It's shorthand for a specific division.


Yeah prospie, I did for two years before I moved to the buy side, that's what that star next to my name means. It seems you're agreeing with me, but I can't tell - IBD refers to the specific division in the bank, whereas IB refers to the field in general.
- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
Jun 7, 2010 - 2:12pm
CaptK:
prospie:
Actually, I prefer that posters be as specific as possible. even by the strictest definition, IB ("investment banking") could refer to a variety of groups in ECM and DCM.

CaptK (OP), do you actually work in banking? If you worked at a BB, people would say "yeah he's in IBD." It's shorthand for a specific division.


Yeah prospie, I did for two years before I moved to the buy side, that's what that star next to my name means. It seems you're agreeing with me, but I can't tell - IBD refers to the specific division in the bank, whereas IB refers to the field in general.

The aggregate amount of time/energy you spend reading the extra "D" when it is supposed to just be "IB" is (in my estimation) nowhere near the amount of time/energy you spent creating this thread and arguing your position.

In addition, this isn't a formal forum where everyone needs to write everything perfectly correct. I don't think its 'specific as possible' to call an MD a 'baller' or a 'rainmaker' (you would never call them this to their face) but for the purposes of this forum its all fine.

looking for that pick-me-up to power through an all-nighter?
Jun 8, 2010 - 7:22pm
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