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Equity Research vs. Investment Banking: Careers, Compensation, Exits, and AI/Automation Risk

Mergers and Inquisitions

At the junior levels , entry-level professionals in both fields spend a lot of time in Excel working on models, valuations, and documents such as equity research reports and investment banking pitch books. One final point to remember is that equity research is a much smaller industry than investment banking.

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Buy Side M&A Blog Series - Vol 7 - Valuing The Target

RKJ Partners

For the purposes of this article, we will focus on valuation from the perspective of a merger and acquisition transaction, and specifically from the viewpoint of a buyer evaluating a business for sale. Leverage Buyout (LBO) Analysis: LBO analysis focuses on a company’s ability to generate cash flow.

M&A 40