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Lower Middle Market

Wall Street Mojo

Lower Middle Market Definition The Lower Middle Market (LMM) is a segment formed by companies ranging from $5 million to $50 million in annual revenue. It forms the lower end of the economy’s middle market, mainly small and medium enterprises.

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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

If you have the option to work in finance in different parts of the world, investment banking in India should be at the bottom of your list. 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.

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07-08-2023 Newsletter: On-Cycle 2025 FAQs

OfficeHours

Mindset Change: From M&A To The Buyside A few years ago, I made the shift from a bulge bracket firm, where I was focused particularly on M&A, to a buyside fund investing across the capital structure. Join OfficeHours to gain the skills, network, and mentorship you need to excel in finance. Start your journey today.

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Private Equity in China: The Worst of Both Worlds?

Mergers and Inquisitions

As with PE in many other emerging/frontier markets, it’s more like growth equity than traditional roles at middle-market PE firms and mega-funds in the U.S. poor stock-market performance, slowing growth rates, and an aging population. It is a “sweatshop” culture, which is common in China even outside the finance industry.

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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

Even though we’ve covered industry groups vs. product groups and teams such as M&A , ECM , DCM , and Leveraged Finance , we continue to get questions about capital markets vs. investment banking. The questions usually go like this: Are capital markets teams (ECM, DCM, and LevFin) “real” investment banking?