Mergers and Inquisitions

FEBRUARY 2, 2022

How does this higher compensation change the investment banking vs. private equity decision and the appeal of IB vs. other industries? 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.

Investment 130

Investment Investment Banking Bank Banking 130

The TRADE

MAY 24, 2024

Brexit clearly did not help, nor help the perception of UK equities. That is something that the mid and smaller brokers can access relative to the bulge bracket who don’t really see that as an important USP for the business right now. What trends are you observing in equities globally?

Bulge Bracket 52

Bulge Bracket Electronics Retail Trading 52

Mergers and Inquisitions

OCTOBER 18, 2023

But in capital markets, you work on just one category of deals , such as equity-related transactions (IPOs, follow-ons, convertible bonds, etc.) So, prepare for the usual categories , but shift some of your time away from merger and LBO models and learn about IPOs and convertibles for ECM or bond math for DCM.

Investment Banking 59

Investment Banking Capital Market Recruitment Capital 59

Mergers and Inquisitions

JANUARY 10, 2024

By contrast, investment banking is more about advising companies on transactions such as M&A deals , equity and debt deals , and restructuring. The Top Firms in Wealth Management vs. Investment Banking Most people would say the top investment banks are the bulge brackets and elite boutiques , at least for entry-level roles.

Investment Banking 59

Investment Banking Management Bank Banking 59

Mergers and Inquisitions

MARCH 22, 2023

These are known as “Additional Tier 1 (AT1) Bonds” or “contingent convertible” (CoCo) bonds, and they allow a bank to boost its capital ratios without diluting shareholders via an equity issuance. First, Credit Suisse is obviously no longer a bulge bracket bank , so I’ll have to update that article.

Bank 98

Bank Banking Government Investment Banking 98

Mergers and Inquisitions

APRIL 5, 2023

Sovereign Wealth Fund Strategies Sovereign wealth funds can invest in almost anything, from equities to fixed income to real estate, infrastructure, private equity, hedge funds, and more. Others operate more like funds of funds and delegate much of the investing process to private equity firms, hedge funds, and other asset managers.

Recruitment 59

Recruitment Funds Private Equity Investment 59

Mergers and Inquisitions

APRIL 24, 2024

Diversity, Equity & Inclusion (DEI) Events – These are like the “programs” above but provide underrepresented minorities (URM) with the chance to get fast-tracked for initial interviews. If you’re targeting an informal venture capital internship , private equity internship , or search fund internship , focus on smaller, local firms.

IT 59

IT Investment Banking Recruitment Finance 59

Mergers and Inquisitions

AUGUST 23, 2023

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.

Investment Banking 52

Investment Banking Bank Banking Investment 52

Mergers and Inquisitions

SEPTEMBER 11, 2024

Renewable Energy Investment Banking Definition: In renewable energy investment banking, bankers advise companies in the solar, wind, biofuel, storage, battery, smart grid, electric vehicle, hydrogen, hydroelectric, and carbon capture verticals on equity and debt issuances, asset deals, and mergers and acquisitions.

Investment Banking 59

Investment Banking Bank Banking Investment 59

Mergers and Inquisitions

JANUARY 22, 2025

We sometimes get questions about why we dont offer an equity research course. People are convinced that financial modeling in equity research is vastly different from investment banking and that research requires different or more specialized skills. IB is all about deals , while ER is all about coverage.

Investment Banking 64

Investment Banking Equities Bank Banking 64

Mergers and Inquisitions

JULY 12, 2023

We’ll go through a short example for a fictional startup called PitchBookGPT , which comes directly from our new Venture Capital & Growth Equity Modeling course. PitchBookGPT could target large banks ( the bulge brackets ) instead, as they are more willing to pay for training and productivity tools.

Capital 52

Capital Valuation Boutique Bank 52

Mergers and Inquisitions

DECEMBER 4, 2024

But this started changing in the 2010s and early 2020s as team values skyrocketed and billionaires, sovereign wealth funds , and sports private equity firms all jumped into the sector. Regulations – Does the league allow private equity or other financial sponsor ownership? What is Sports Investment Banking? Can teams carry debt?

Investment Banking 105

Investment Banking Bank Banking Investment 105

The Deal

AUGUST 15, 2023

Additionally, the FTC and Department of Justice recently proposed changes to federal merger guidelines that could create tougher rules for tech deals, including the purchase of startups and vertical deals. Bulge-bracket deal expectations may also be a factor. “I Wildcards remain, however.

S&P 52

S&P Bulge Bracket Entertainment Mergers and Acquisitions 52

Mergers and Inquisitions

JUNE 5, 2024

The skill sets and cultures are too different, and it will be tough even if you aim to move from a bulge bracket wealth management team to a regional boutique investment banking team. The post From Wealth Management to Investment Banking: How to Make the Leap appeared first on Mergers & Inquisitions.

Investment Banking 59

Investment Banking Management Bank Banking 59

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. appeared first on Mergers & Inquisitions.

Investment 111

Investment Investment Banking Bank Banking 111

Mergers and Inquisitions

SEPTEMBER 6, 2023

Private equity was viewed as a “lightly regulated” industry for a long time. government has become more aggressive about regulating all “private funds” (private equity, hedge funds, venture capital, etc.) The private equity and hedge fund industries have sued the SEC to block these rules , but I doubt they will win.

Private Equity 105

Private Equity Equities Finance Finance 105

Cooley M&A

FEBRUARY 1, 2024

2023’s much-discussed downturn in mergers & acquisitions – with global M&A volume and value down 6% and 17%, respectively, from 2022 – was largely driven by the slowdown in the tech sector, with global tech M&A volumes down 51% year over year, while other sectors saw marked increases. [1] billion leading the pack.

M&A 59

M&A Mergers and Acquisitions Private Equity Equities 59

Mergers and Inquisitions

DECEMBER 18, 2024

While on-cycle PE recruiting keeps moving up, to the point where you must attend a target elementary school, middle school, and high school to be competitive, off-cycle private equity recruiting remains a viable option for everyone else. Off-Cycle Private Equity Recruiting, Part 1: Who Should Care? Europe and the U.K.

Private Equity 98

Private Equity Recruitment Equities Middle Market 98