Bulge Bracket Engineering Funds 
Mergers and Inquisitions
NOVEMBER 22, 2023
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.
Mergers and Inquisitions
JANUARY 22, 2025
Equity research recruiting tends to be less structured, though the bulge bracket banks and elite boutiques still run traditional processes that start over a year before summer internships. in a field like biology or biomechanical engineering, you could be a strong candidate for biotech equity research groups.
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Mergers and Inquisitions
DECEMBER 20, 2023
Admittedly, not all banks did this, and many bulge bracket firms will start in the normal time frame of January – March. Think: Engineering, math, statistics, or something with elements of all these, such as “management science” or “operations research.” bulge brackets (well, except for RBC).
Mergers and Inquisitions
MAY 8, 2024
Also, it was easier to use IB roles to win private equity and hedge fund jobs , as recruiting started later, and there was less competition. As I wrote in a recent update of the bulge bracket banks article , though, these points are less true today. After 2008, pay went down across the board for all finance roles.
Mergers and Inquisitions
APRIL 24, 2024
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. If you are making a “hard pivot” career change , such as engineering to investment banking, pre-MBA internships are very useful but not necessarily required.
Mergers and Inquisitions
JULY 12, 2023
But if you’re interviewing at an early-stage VC fund (i.e., Also, these numbers do not account for the dilution in future funding rounds. PitchBookGPT could target large banks ( the bulge brackets ) instead, as they are more willing to pay for training and productivity tools. A $50 million exit value would be a 2.5x
The TRADE
OCTOBER 24, 2024
Facilitated by exchanges, a CLOB allows buyers and sellers to submit their trading interests and then utilises a matching engine to match buy and sell orders based on specific requirements such as price time priority. By seeing what is available on the order book, traders have an idea of how much volume can be executed at a specific price.
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