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Bulge Bracket Banks: 2024 Edition

Mergers and Inquisitions

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. What is a “Bulge Bracket Bank”? The name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal.

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Investment Banking in India: Please Avoid It and Try Again in Another Country

Mergers and Inquisitions

based bulge brackets (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 bulge brackets, the U.S.-based Of the middle-market banks , only Jefferies seems to have much of a presence.

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Investment Banker Salary and Bonus Report: 2022 Update

Mergers and Inquisitions

Meanwhile, Goldman Sachs paid quite well, with many Associates in the $400K – $500K total compensation range, and various other bulge bracket and middle market firms followed suit. And there were even reports of a few Associates earning $600K or more in total compensation (!) at some smaller firms.

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Capital Markets vs. Investment Banking: Deals, Careers, Recruiting, Exits, and Offer Decisions

Mergers and Inquisitions

Specifically, private equity 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. If you want a long-term finance career (stay in banking or switch to private equity, corporate development, hedge funds, etc.),

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No Return Offer from an Investment Banking Internship: What to Do

Mergers and Inquisitions

All the large investment banks – bulge brackets , elite boutiques , and middle-market firms – use internships as a recruiting tool for Analysts and Associates. But you could use the experience to aim for other finance roles, especially ones like equity research or corporate banking with less structured recruiting.

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The Full Guide to Pre-MBA Internships: Are They Worth It?

Mergers and Inquisitions

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 bulge bracket bank. below the normal “ middle-market private equity ” cut-off). For private equity, anything with under $1 billion in AUM should be fine (i.e.,

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How to Get an Investment Banking Internship

Mergers and Inquisitions

Admittedly, not all banks did this, and many bulge bracket firms will start in the normal time frame of January – March. Corporate finance roles at nearby companies. Corporate banking. bulge brackets (well, except for RBC). Internships at local venture capital or private equity firms.