Remove Bulge Bracket Remove Financial Modeling Remove Trading
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Wealth Management vs. Investment Banking: Career Deathmatch

Mergers and Inquisitions

Think: benchmarking portfolios rather than modeling companies. You will very rarely get exposed to the type of financial modeling that bankers complete: 3-statement models , DCF models , M&A models , LBO models , and so on. As with the job itself, the theme is breadth over depth.

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Fixed Income Research: The Overlooked Younger Brother of Equity Research?

Mergers and Inquisitions

While everyone seems to know about equity research and trading stocks, fixed income research gets far less attention. see the fixed income trading article for the full list ). What if there’s a recession or a slowdown in global trade? You cover quarterly earnings and send updated models and notes to clients and other teams.

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Renewable Energy Investment Banking: How to Make Greens by Going Green

Mergers and Inquisitions

Renewable Energy Accounting, Valuation, and Financial Modeling For the most part, very little is “new” here. Despite what renewable cheerleaders often claim, the entire industry is very dependent on government subsidies, tax incentives, regulation, and even monetary/fiscal/trade policy.

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Sovereign Wealth Funds: The Full Guide to the Industry, Recruiting, Careers, and Exits

Mergers and Inquisitions

Trade Surpluses – Some countries, like Singapore, are not rich in commodities but serve as trade hubs and generate significant revenue from these activities. The approval process might take longer (say, 2-3 months rather than 1 month) because more people need to weigh in. You can get into good business schools in the U.S.

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Sports Investment Banking: How to Win the Super Bowl and the World Cup in the Same Year

Mergers and Inquisitions

However, one common point across all the verticals is that IPOs are not common because there aren’t that many publicly traded sports teams, stadiums, or arenas. A few smaller European football clubs also happen to be publicly traded (Ajax, Celtic, etc.). BofA is also strong, and you’ll see Citi, DB, and MS on many deals as well.

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Equity Research vs. Investment Banking: Careers, Compensation, Exits, and AI/Automation Risk

Mergers and Inquisitions

People are convinced that financial modeling in equity research is vastly different from investment banking and that research requires different or more specialized skills. Traditionally, banks gave away equity research reports for free to incentivize large clients to trade with the bank.