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

Mergers and Inquisitions

In equity research, the goal is to get clients to pay for the teams research consistently , but revenue does not depend on deals or other specific events. If you do IB, you can get into deal-based roles ( private equity , corporate development , venture capital , etc.), and areas like corporate finance or strategy at normal companies.