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The Lateral Process The biggest piece of advice I have for current banking analysts looking to lateral is to actively build your network. You have to start from the bottom again and build a solid reputation, even if you had been viewed as a “top-bucket” at the prior firm, which can be challenging.
The more significant equity research vs. investment banking differences relate to recruiting and careers , including points such as the compensation and exit opportunities. But you would not build models for M&A deals, leveraged buyouts, or debt/equity issuances in research or at least, they would be far simpler than the IB versions.
But then recruiting moved up, the MBA process became more structured, and now we have 4-year-olds aiming for “Target Kindergartens” so they can eventually get into investment banking ~15 years in the future. And for boutique banks , find firms that advise on deals worth less than $100 million.
Recruiting in Wealth Management vs. Investment Banking You should know all about IB recruiting from reading this site, but it’s insanely competitive and starts very early. So, you won’t pull all-nighters to finish pitch books , and you won’t be called in over the weekend to make last-minute changes to a model.
Among the elite boutiques , Moelis has a notable presence, and Rothschild has an office in Mumbai but does not appear to be super-active. Investment Banking in India: Recruiting and Interviews Getting into the industry is the main problem with investment banking in India. or Europe and recruiting there.
The work might not be for you , even if you’re good at it – for example, maybe you find deals far more interesting than building a client book or managing their portfolios. The compensation ceiling is lower than in IB or WM, but it’s still quite high (mid-to-upper-six figures), and recruiting is much less competitive than IB.
Among the elite boutiques , Evercore has the strongest presence in Singapore, and Rothschild also works on many deals, mostly in the middle-market space. Investment Banking in Singapore: Recruiting and Interviews The overall recruiting process, timeline, and interviews are not that different in Singapore. As in the U.S.,
For example, if a renewable developer wanted to raise debt to build a new offshore wind farm as a separate entity, it would fall under Project Finance. Among the elite boutiques , Evercore and Lazard have traditionally been strong, but Moelis and Guggenheim also have significant deal flow. but they are less consistent than those above.
Recruitment: Tunneling Your Way into Metals & Mining Investment Banking Metals & mining is highly specialized , so you have an advantage if you have a background in geology, geophysics, or mining. On the producer side, you can see how much they spend to build new plants, factories, and processing centers.
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