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The choice between working in a bulgebracket investment bank or a boutique investment bank depends on individual preferences and career goals. Deal Size and Prestige: BulgeBracket IB Firms often handle large-scale deals and have a global presence. Here are five factors to consider when comparing the two: 1.
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.
Specifically, privateequity is not feasible from most ECM or DCM teams, hedge funds are also challenging, venture capital is a stretch, and you won’t have the right skills for corporate development. Again, LevFin is the exception and provides realistic exits into privateequity, direct lending , mezzanine , etc.).
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. and areas like corporatefinance or strategy at normal companies.
We’ll return to this point later, but in finance, it’s more common to do a pre-MBA internship at a small VC/PE firm or boutique bank rather than a bulgebracket bank. If you’re targeting an informal venture capital internship , privateequity internship , or search fund internship , focus on smaller, local firms.
To advance and move beyond the VP level, you do need sales skills , which not everyone has – this is why the more analytical candidates often leave for privateequity and hedge funds in the early years. It offers the broadest set of possible exits within the finance industry if you leave early (in your Analyst years).
Admittedly, not all banks did this, and many bulgebracket firms will start in the normal time frame of January – March. Internships at local venture capital or privateequity firms. Corporatefinance roles at nearby companies. Corporate banking. bulgebrackets (well, except for RBC).
Finally, many renewable energy debt deals take place within Project Finance teams at banks – but Project Finance and corporatefinance are very different ! Many privateequity firms and hedge funds invest in renewables or related areas like chemicals, industrials, technology, and power.
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