OfficeHours

JUNE 2, 2023

Yes, we all read about it on forums and Reddit, but you do not actually experience what it is like to have to choose between prepping for recruiting or getting four hours of sleep. I was viewed as the top intern and received a return offer at my bulge bracket bank – trust me, you can thank me when you get your return offer.

Investment Banking 147

Investment Banking Bank Banking Investment 147

OfficeHours

JULY 8, 2023

Private equity giants are still racing to fill 2024 associate seats. See 8 firms — from Carlyle to Bain Capital — that have been recruiting first-year investment bankers for jobs that won’t start for 18 months. Well, yes if you plan on recruiting, that would make sense right? Should Headhunters be reaching out to you?

Private Equity 100

Private Equity Recruitment Equities Investment Banking 100

Mergers and Inquisitions

DECEMBER 20, 2023

The IB internship recruiting timeline is now so insane that even mainstream news sources like the Wall Street Journal are writing about it (“ The Race Is On to Hire Interns for 2025. Admittedly, not all banks did this, and many bulge bracket firms will start in the normal time frame of January – March. Wealth management.

Investment Banking 105

Investment Banking Bank Banking Investment 105

Mergers and Inquisitions

MAY 10, 2023

The basic difference is that the international bulge bracket banks tend to be stronger in M&A advisory and weaker in equity and debt capital markets. These banks focus on the capital markets, so you should target the bulge brackets if you want to work on M&A deals. As in the U.S.,

Investment Banking 105

Investment Banking Bank Banking Investment 105

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.) Capital Markets vs. Investment Banking: Recruiting and Interviews Very little about the recruiting process is different, partially because each bank does it differently.

Investment Banking 59

Investment Banking Capital Market Recruitment Capital 59

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

JUNE 21, 2023

bulge-bracket banks , such as JPM, GS, MS, and Citi, always rank well in the league tables. The other bulge brackets (BofA, Barclays, UBS, and DB) tend to rank lower, but this varies each year. Drawn-Out Process – Due to the emphasis on lateral hires, recruiting processes in Dubai are mostly “off-cycle” (i.e.,

Investment Banking 105

Investment Banking Bank Banking Investment 105

Mergers and Inquisitions

FEBRUARY 28, 2024

While everyone seems to know about equity research and trading stocks, fixed income research gets far less attention. But a few other reasons also explain why fixed income often gets overlooked: the unstructured recruiting process, fewer job openings, and the “cushiness” of senior-level roles. closer to the work at a quant fund ).

Equities 59

Equities Asset Management Debt Funds 59

Peak Frameworks

JULY 11, 2023

investment banking recruiting. Georgetown University has an impressive presence across Wall Street's top investment banks and has a particularly strong concentration at bulge brackets. Georgetown mostly places into the Bulge Bracket banks with a weaker percentage than most in the Elite Boutiques.

Investment Banking 40

Investment Banking Bulge Bracket Bank Banking 40

Mergers and Inquisitions

JULY 17, 2024

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 based firms (GS, MS, Citi, JPM, and BofA) tend to perform best. Here’s why it’s a Herculean task.

Investment Banking 59

Investment Banking Bank Banking Investment 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. After 2008, pay went down across the board for all finance roles.

Investment 111

Investment Investment Banking Bank Banking 111

Peak Frameworks

OCTOBER 4, 2023

BU consistently sends top students into investment banking each year and has good placement into a few bulge bracket firms. Citi is also a top recruiter from BU (18%). BU is one of only 3 universities in Boston and Cambridge named to the prestigious Association of American Universities. We filtered the data to examine U.S.

Investment Banking 52

Investment Banking Bank Banking Investment 52

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. Recruiting in Wealth Management vs. Investment Banking You should know all about IB recruiting from reading this site, but it’s insanely competitive and starts very early.

Investment Banking 59

Investment Banking Management Bank Banking 59

Mergers and Inquisitions

APRIL 24, 2024

But then recruiting moved up, the MBA process became more structured, and now we have 4-year-olds aiming for “Target Kindergartens” so they can eventually get into investment banking ~15 years in the future. For private equity, anything with under $1 billion in AUM should be fine (i.e.,

IT 59

IT Investment Banking Recruitment Finance 59

Mergers and Inquisitions

AUGUST 23, 2023

Almost nothing is worse than recruiting for investment banking internships , winning an offer, preparing , completing the internship, and then not getting a return offer. All the large investment banks – bulge brackets , elite boutiques , and middle-market firms – use internships as a recruiting tool for Analysts and Associates.

Investment Banking 52

Investment Banking Bank Banking Investment 52

Mergers and Inquisitions

JUNE 5, 2024

The compensation ceiling is lower than in IB or WM, but it’s still quite high (mid-to-upper-six figures), and recruiting is much less competitive than IB. If you’re at a target school with on-campus recruitment, option #1 will probably work best; if you’re at a lesser-known school, option #2 may be better.

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

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

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 Recruiting: Slow processes for very close start dates.

Private Equity 98

Private Equity Recruitment Equities Middle Market 98