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I never expected to revisit the topic of bulgebracket banks so quickly because the full list changes slowly, and we updated it a few years ago. What is a “BulgeBracket Bank”? The name “bulgebracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal.
I spent the first 20 years of my career at the global bulgebracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. What does your role involve?
After an initial slowdown when the pandemic first struck in early 2020, banks have generated record-high fees from M&A and capitalmarkets deals. Initially, it’s 100% cash, but a percentage will shift to stock and deferred compensation as you move up. What Happened to Investment Banking Fees? at some smaller firms.
While everyone seems to know about equity research and trading stocks, fixed income research gets far less attention. Do something else in finance first , such as corporate banking , capitalmarkets , or a credit rating agency role (any job with the “ Credit Analyst ” title works).
While perhaps not one of the most exciting aspects of the trade lifecycle, settlement is a central process that acts as a pillar for the capitalmarkets. Usually hosted by bulgebracket banks, SIs are an internalising mechanism that allow banks to execute flow over the counter or off exchange.
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