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To summarize: For investment banking at the undergraduate level, you need to start years in advance, have a high GPA, win at least 1-2 other finance internships first, and prepare intensively for networking and interview questions. On the other hand, weekend work is far less common, so its easier to shut off outside of business hours.
based bulgebrackets (GS, MS, JPM, Citi, and BofA) are the strongest international banks, and Avendus, Kotak, JM Financial, ICICI, and Axis are the strongest domestic firms. Among the bulgebrackets, the U.S.-based based firms (GS, MS, Citi, JPM, and BofA) tend to perform best.
In a good industry group, you might build a 3-statement model for a client based on a detailed review of its business, and you would use the output in the CIM and management presentation to market the company. Yes, ECM/DCM beats options such as the Big 4 firms, small PE/VC firms, corporate banking, corporatefinance, valuation firms, etc.
Finally, the hours are significantly better in wealth management because you don’t do that much work outside of normal business hours. The Top Firms in Wealth Management vs. Investment Banking Most people would say the top investment banks are the bulgebrackets and elite boutiques , at least for entry-level roles.
All the large investment banks – bulgebrackets , elite boutiques , and middle-market firms – use internships as a recruiting tool for Analysts and Associates. So, consider related roles such as corporate banking, Big 4 firms , business valuation firms , corporatefinance at normal companies, etc.
Admittedly, not all banks did this, and many bulgebracket firms will start in the normal time frame of January – March. Join 1-2 student groups that will help you network into finance roles, such as the student investment club or the business frat. Corporatefinance roles at nearby companies.
Do Not Use Customer Deposits for Funding – Some financial institutions operate like this, but it’s much more expensive, so they need to make riskier loans and investments to profit (think: mortgage REITs and business development companies). First, Credit Suisse is obviously no longer a bulgebracket bank , so I’ll have to update that article.
Finally, many renewable energy debt deals take place within Project Finance teams at banks – but Project Finance and corporatefinance are very different ! The same criteria as always apply: High grades, a good university or business school, previous finance internships, and a good amount of networking and interview prep.
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