Comments (18)

May 3, 2018

Most banks in the City have corporate broking within their UK Coverage team and often analysts move around and do both UK Coverage and corporate broking.

Hours are slightly better than Coverage if you do corporate borking, maybe 9:30 - 10.

Comp is very similar to others in IB, at least at the junior level.

The daily job isn't as technical as normal IB and I would expect the exits to be not as good as Coverage. However, I'd probably take Corporate Broking at MS than IBD at UBS for example. People move around a lot at the junior level.

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May 4, 2018

And what about the role of a corporate broker? (I don't live in the UK and few info on the internet tbh so not very familiar with it)
From what I have understood, it seems to be a division that keeps daily relationship with clients but without pitching for operations (m&a, ipo etc.)

May 3, 2018

Yes, as you said their role is to take care of the daily relationship with UK clients, providing them with general financial advice, industry updates, the market, their stock etc. Often banks secure M&A/GCM mandates because of their corporate broking relationships with clients

May 5, 2018

UBS IBD in UK isn't bad tbh, but other than that I'd agree haha

May 3, 2018

Agreed. I'd say MS, DB, Barclays, UBS have decent corporate broking teams.

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May 3, 2018

Agreed, but I'd still probably take Corporate Broking at a top BB than IBD at a mid/low tier BB. I was just trying to show that Corporate Broking is well respected in the UK.

May 3, 2018

some banks split out the team and it is kind of a UK regulatory / ECM type team. Little ops. Some teams integrated with finance so juniors get good modelling as well. Ours splits out and they have a great life, not so great skills. Don't think that is universal, I think some are as technical as a lot of industry teams

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May 10, 2018

Corporate brokers will typically get in before the market opens (ie. 8am). From what I can see they tend to leave from 7-10pm on a normal day. There are outliers of course.

They hardly work weekends.

Pay is similar to IBD at the junior level.

Exit ops very limited when compared with IBD.

Very British teams usually

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Dec 20, 2018
May 4, 2018

Haha thank you, but since I had time to intern in a corporate broking team and extend an offer for a coverage group.
But happy to give you my insight if you want !