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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. On the other hand, IB beats it for deal-based hedge fund strategies, such as merger arbitrage and activist investing.

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

RKJ Partners

As investment bankers, RKJ Partners possesses a breadth of knowledge and experience in advising buyers on business acquisitions. 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.

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