What is an EB Bank vs MM bank?
Sorry for the basic (but genuine) question. BB is clear but what does EB stand for and what are the differences vs MM banks. Also please give me some examples of banks in these categories. Thanks!
Sorry for the basic (but genuine) question. BB is clear but what does EB stand for and what are the differences vs MM banks. Also please give me some examples of banks in these categories. Thanks!
+142 | Is my life over after not getting GS? | 33 | 2h | |
+73 | Best IB group on the Street | 35 | 6h | |
+66 | Thoughts and tips on how to speak like an investment banker. | 25 | 1d | |
+58 | BIG FOUR ARE PARADISE | 15 | 1d | |
+49 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 23 | 20h | |
+38 | UBS Outlook | 28 | 2d | |
+35 | How to deal with egotistical team? | 6 | 4d | |
+26 | Very ridiculous interview feedback | 13 | 11h | |
+26 | Got RBC offer but I have cold feet accepting. | 34 | 14h | |
+26 | Why Is It Called Investment Banking? | 8 | 7h |
Career Resources
I think EB is elite boutique and MM is middle market.
EB = "elite boutique" which is a term people sound stupid for saying outside of WSO, FYSA. It's a defined universe (typically, but varies) of Lazard, PJT, Evercore, PWP, Moelis, Centerview. Difference between them an BB is that the "EB" 's, and a significant majority of investment banks outside of the BB universe, are non-balance sheet banks which means that they don't directly lend money to clients. They typically offer only advisory work but it could be diversified (ie: sell-side, buy-side, restructuring, hostile takeovers, etc.)
MM = middle market. Captures a big chunk of banks out there, and they focus on "smaller" transactions - typically not larger than a couple billion with a majority being under $1B.
Not an exhaustive answer as I just realized I need to go take a shit but let me know if you have any questions/
Just want I needed. Thanks!
If you dont even know that it seems like you have done next to no industry research. I'm assuming you barely know what IB is?
Culpa ut qui consequuntur nobis culpa. Blanditiis nemo repellat quis qui quia accusamus optio ad. Unde omnis quod maiores repellat facere commodi. Incidunt sed soluta deleniti facilis. Nam impedit aut praesentium debitis molestiae doloribus aut. Ducimus eveniet eos iusto nobis culpa repudiandae. Incidunt corporis velit libero occaecati esse provident pariatur.
Exercitationem odit et eum quod vel. Quod quia omnis non nam consequatur facere. Nulla praesentium eligendi sed voluptas qui. Illo itaque consectetur hic. Exercitationem doloremque ullam quidem ex quis ullam.
Beatae laborum rem facilis quis ad. Nulla excepturi nobis accusamus eos deserunt esse.
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...