DOCSLIB.ORG

Overview of Bulge Bracket Banks

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Overview of Bulge Bracket Banks Website | Version 1.0 BANKING AT MICHIGAN: Overview of Bulge Bracket Banks November 11th, 2018 www.bankingatmichigan.org M I C H G A N B A N K I G T Website 1 Website | Version 1.0 Bulge Bracket Banks M I C H G A N B A N K I G T Website 2 Website | Version 1.0 Bulge Bracket Banks M I C H G A N B A N K I G T Website 3 Website | Version 1.0 Goldman Sachs ● Geographic Location: ○ Headquarters: New York City ○ US Offices: New York, Chicago, Huston, Los Angeles, San Francisco ● Products Offered: ○ M&A, Financing ● Perks, Cultural Strength: ○ First big bank to enact protected weekends M I C H G A N ○ No working past midnight for interns ● Strengths, in Certain Products or Industries: ○ TMT and Equity Capital Markets B A N K I G T Website 4 Website | Version 1.0 Goldman Sachs Strength in Global ECM M I C H G A N B A N K I G T Website 5 Website | Version 1.0 Morgan Stanley ● Geographic Location: ○ Headquarters: New York City ○ US Offices: New York City, Boston, Houston, Los Angeles, Chicago ● Products Offered: ○ M&A, Global Capital Markets ● Perks, Cultural Strength: ○ Promotes public service (over 1.6 million hours of M I C H G A N service) ○ Supports off-cycle internships ● Strengths, in Certain Products or Industries: ○ Equity/Debt Capital Markets & High Yield Bonds B A N K I G T Website 6 Website | Version 1.0 Morgan Stanley Strength in Global ECM M I C H G A N B A N K I G T Website 7 Website | Version 1.0 J.P. Morgan ● Geographic Location: ○ Headquarters: New York City ○ International Offices: London, Tokyo, Hong Kong, Singapore, Sao Paulo, and Mumbai ● Products Offered: ○ M&A, Equity Capital Markets/Debt Capital Markets, Global Bonds and Global Equity M I C H G A N ● Perks, Cultural Strength: ○ One weekend off per month ● Strengths, in Certain Products or Industries: ○ Real Estate, Telecoms, and FIG B A N K I G T Website 8 Website | Version 1.0 J.P. Morgan Strength in Global IB M I C H G A N B A N K I G T Website 9 Website | Version 1.0 Bank of America Merrill Lynch ● Geographic Location: ○ Headquarters: New York City ○ US Offices: New York, San Francisco, Charlotte, Miami, Chicago ● Products Offered: ○ M&A Advisory, Debt/Equity Capital Markets ■ World leader in Credit, Securitization, Municipal Finance and Debt Capital Markets ● Perks, Cultural Strength: M I C H G A N ○ Opportunity to interact with senior members of various companies early in career ○ Ranked #1 in Overall Diversity, Female Diversity and LGBT Diversity B A N K I G T Website 10 Website | Version 1.0 Bank of America Merrill Lynch Strength in Global IB and IPOs M I C H G A N B A N K I G T Website 11 Website | Version 1.0 Citi ● Geographic Location: ○ Headquarters: New York City ○ US Offices: San Francisco, Huston, New York, Los Angeles, Chicago ● Products Offered: ○ M&A, Debt/Equity Financing, Restructuring ● Perks, Cultural Strength: ○ M I C H G A N Fast Paced work environment and collaboration with senior bankers, great learning environment ● Strengths, in Certain Products or Industries: ○ Industrials, TMT, Consumer Products B A N K I G T Website 12 Website | Version 1.0 Barclays ● Geographic Location: ○ Headquarters: London ○ US Offices: New York, CA, Chicago, ● Products Offered: Advisory, Financing and Risk Management ○ Strong when it comes to deals involving debt markets and other fixed securities markets ● Perks, Cultural Strength: ○ Appointed first female banking manager M I C H G A N ○ Collaborative, Diverse, Goal Oriented ○ Large growth opportunities ● Purchased key assets of Lehman Brothers after its bankruptcy in 2008 B A N K I G T Website 13 Website | Version 1.0 Barclays Strength in Global DCM M I C H G A N B A N K I G T Website 14 Website | Version 1.0 Credit Suisse ● Geographic Location: ○ Headquarters: Zürich , Switzerland ○ US offices: Boston, Chicago, New York, San Francisco, Houston, Los Angeles ● Products Offered: ○ M&A, Debt/Equity Financing ● Industry Expertise: M I C H G A N ○ Global Energy: Oil & Gas, Healthcare, Retail and Consumer Products, Real Estate, Technology, Media & Telecom ● Perks, Cultural Strength: ○ Emphasis on Internal Mobility ○ Solid Perks e.g. 401k matching B A N K I G T Website 15 Website | Version 1.0 Deutsche Bank ● Geographic Location: ○ Headquarters: Frankfurt, Germany ○ US Locations: San Francisco, Chicago, New York, Houston, Seattle ● Products Offered: ○ M&A and Debt/Equity Financing ● Perks, Cultural Strength: ○ Key Pillars: Integrity, sustainable performance, client centricity, M I C H G A N innovation, discipline, and partnership ○ Open communication encouraged at every level ● Strengths, in Certain Products or Industries: ○ Debt/Equity Capital Markets B A N K I G T Website 16 Website | Version 1.0 UBS ● Geographic Location: ○ Headquarters: Basel, Switzerland ● Products Offered: ○ M&A, Global Capital Markets, Investment Research, and Sales & Trading ● Perks, Cultural Strength: ○ Promote internal mobility throughout organization to enhance employee growth M I C H G A N ○ Want employees to be inspiring role models, focus on creating long term client value and taking ownership and delivering results. ● Strengths, in Certain Products or Industries: ○ IPOs and Equity Capital Markets B A N K I G T Website 17 Website | Version 1.0 RBC- Royal Bank of Canada ● Geographic Location: New York City ○ Headquarters: Toronto, Canada ● Products Offered: ○ M&A, Equity Capital Markets/Debt Capital Markets, IPO ● Perks, Cultural Strength: ○ Collaborative work environment ○ Freedom for analysts and not micromanaged M I C H G A N ● Strengths, in Certain Products or Industries: ○ Canada Corporate Bonds and Canada Equity B A N K I G T Website 18 Website | Version 1.0 RBC- Royal Bank of Canada- Strength in Canadian DCM M I C H G A N B A N K I G T Website 19 Website | Version 1.0 Wells Fargo ● Geographic Location: New York ○ Headquarters: San Francisco, California ● Products Offered: ○ Advisory Services, Equity Capital Markets, Debt Capital Markets ● Perks, Cultural Strength: ○ Supportive environment ○ Large amount of in-house training opportunities ● Strengths, in Certain Products or Industries: M I C H G A N ○ Equity Capital Markets: Energy and Utility, Consumer and retail ○ Debt Capital Markets: Loan Syndications, High-Yield Bonds B A N K I G T Website 20 Website | Version 1.0 AUTHORS M I C H G A N B A N K I G T Website 21 Website | Version 1.0 Authors ● Ally Gillman ● Collin Laing ● Daniel Soper ● Gabrielle Sadler M I C H G A N B A N K I G T Website 22.
Load more

Recommended publications
  • Investment Banking and Capital Markets Sector
    Financial Institutions Group Investment Banking and Capital Markets Sector U.S. MARKET UPDATE SUMMER 2021 Introduction: U.S. Investment Banking and Capital Markets Sector Houlihan Lokey’s Financial Institutions Group (FIG) is excited to release the inaugural edition of a new report on the U.S. investment banking and capital markets sector. Our report comes during a particularly dynamic period in the industry. While the volatility and turbulence of 2020 created a polarized environment of “winners and losers,” virtually all segments of the market are now experiencing strong performance. For the first time in years, M&A fee pools are up Y/Y in every sector. Growth has been fueled by pent-up 2020 demand now being unleashed, the specter of capital gains tax increases and a generally bullish backdrop of record stock prices and inexpensive debt financing. SPACs completely transformed the investment banking landscape, providing a boon to bulge-bracket underwriting desks and emerging as a buyer of choice for private assets. 571 SPACs launched IPOs in the last year, representing 60% of all IPO capital raised, and steered by everyone from Bill Ackman to Colin Kaepernick. Regardless of whether proposed regulatory reform materializes, hundreds of SPACs will be seeking and consummating transactions over the next couple of years. Just as pandemic-driven volatility was unwinding and trading volumes were beginning to decelerate, retail traders reasserted themselves as forces in the secondary market. As GameStop stock topped $400 in late January, market-wide daily equity trading volumes overtook records set at the height of the 2008 financial crisis. Volumes have once again begun settling, but new product origination and new ways for traders to access the market should create a longer-term lift for brokers, market-makers, exchanges, and technology providers.
    [Show full text]
  • Investment Banking and Secondary Markets
    Lecture 17: Investment Banking and Secondary Markets Economics 252, Spring 2008 Prof. Robert Shiller, Yale University Glass-Steagall Act 1933 • The modern concept of “Investment Bank” was created in the Glass-Steagall act (Banking Act of 1933). Glass Steagall separated commercial banks, investment banks, and insurance companies. • Carter Glass, Senator from Virginia, believed that commercial banks securities operations had contributed to the crash of 1929, that banks failed because of their securities operations, and that commercial banks used their knowledge as lenders to do insider trading of securities. Henry Paulson’s Proposal • Objectives-Based Regulation • Market stabililization Regulator • Prudential Financial Regulator • Business Conduct Regulator Paulson Continued • Federal Charter for insurance • Mortgage Origination Commission • SEC and CFTC merge • Merge OTS with OCC • Equip fed to monitor risks Investment Banks • Bulge bracket firms: First Boston, Goldman Sachs, Merrill Lynch, Morgan Stanley, Salomon Brothers, Lehman Brothers. • Traditionally were often partnerships, but partnership form is disappearing. Graham-Leach Act 1999 • President Clinton November 1999 signs Graham-Leach Bill which rescinded the Glass-Steagall Act of 1933. • Consumer groups fought repeal of Glass- Steagall saying it would reduce privacy. Graham-Leach calls for a study of the issues of financial privacy Mergers among Commercial Banks, Investment Banks & Insurance Companies • Travelers’ Group (insurance) and Citicorp (commercial bank) 1998 to produce Citigroup, on anticipation that Glass-Steagall would be rescinded. Brokerage Smith Barney • Chase Manhattan Bank (commercial bank) acquires JP Morgan (investment bank) (2000) for $34.5 billion • UBS Switzerland buys Paine Webber (brokerage) 2000 • Credit Suisse buys Donaldson Lufkin Jenrette (investment bank) 2000 Lehman Brothers • Founded 1850, by Henry Lehman, a young German immigrant, and his brothers • Investment banking, private equity, private banking, etc.
    [Show full text]
  • Bofa and Merrill Together, Forever Changed
    Reprinted from Blog: BofA and Merrill together, forever changed By Joe Mantone November 01, 2017 The unlikely marriage of Bank of America Corp. and Merrill BofA announced it would buy Merrill. Regulators trying to Lynch & Co. Inc. brought with it the specter of a major cul- quell the crisis essentially compelled the Charlotte, N.C.- ture clash, but the companies have managed to successfully based commercial bank to purchase the New York-based transform each other. bulge bracket firm. Ten years ago, Merrill Lynch found itself on the path toward “The marriage of Merrill with Bank of America was a peculiar a sale when Stanley O’Neal resigned as chairman and CEO. one to put it mildly,” said investment banker and Whalen The Oct. 30, 2007, resignation came less than a week after Global Advisors LLC Chairman Chris Whalen. Merrill reported a $2.3 billion quarterly loss and a $7.9 billion write-down related to subprime exposure. The transaction got off to a slow start as reports soon surfaced about financial adviser dissatisfaction at Merrill More losses and write-downs followed, and on Sept. 15, Lynch. Meanwhile, investor backlash about Merrill losses 2008, the day Lehman Brothers Inc. filed for bankruptcy, Net income for Bank of America by business segment ($B) Consumer banking* Global banking and markets** Global wealth and investment management All other 25 20 15 10 5 0 -5 2006 2007 2016 2017^ Data compiled Oct. 30, 2017. Data manually compiled from company released financial supplements and annual reports. * For 2006 and 2007, the figures shown are for the segment titled “Global Consumer and Small Business Banking.” ** For 2016 and 2017, figures represent the sum of segments titled “Global Banking” and “Global Markets.” For 2006 and 2007, the figures shown are for the segment titled “Global Corporate and Investment Banking.” ^ Figures shown are for the nine months ended Sept.
    [Show full text]
  • Foreign Penetration of Japan's Investment-Banking
    Foreign Penetration of Japan’s Investment-Banking Market: Will Japan Experience the “Wimbledon Effect”? Nicole Pohl July 2002 1 The Asia/Pacific Research Center (A/PARC) is an important Stanford venue where faculty and students, visiting scholars, and distinguished business and government leaders meet and exchange views on contemporary Asia and U.S. involvement in the region. A/PARC research results in seminars and conferences, published studies, occasional and discussion papers, special reports, and books. A/PARC maintains an active industrial affiliates and training program, involving more than twenty-five U.S. and Asian companies and public agencies. Members of A/PARC’s faculty have held high-level posts in government and business. Their interdisciplinary expertise generates research of lasting significance on economic, political, technological, strategic, and social issues. Asia/Pacific Research Center Encina Hall, Room E301 Stanford University Stanford, CA 94306-6055 http://APARC.stanford.edu 2 About the Author Nicole Pohl was a visiting scholar at the Asia/Pacific Research Center in 2001–2002. An assistant professor of economics at Franklin & Marshall College, she received her doctorate in economics from Gerhard Mercator University Duisburg in 2000. Her major research field is the economic geography of the financial sector. 3 4 Contents 1 Background 9 2 The Environment for Foreign Financial Institutions in Japan 13 2.1 Relationship Banking As a Barrier to Entry for Foreign Banks 13 2.2 The Role of Bureaucracy 14 3 Market-Entry Strategies
    [Show full text]
  • The United States Dominates Global Investment Banking: Does It Matter for Europe?
    BRUEGEL POLICY CONTRIBUTION ISSUE 2016/06 MARCH 2016 THE UNITED STATES DOMINATES GLOBAL INVESTMENT BANKING: DOES IT MATTER FOR EUROPE? CHARLES GOODHART AND DIRK SCHOENMAKER Highlights • In the aftermath of the global financial crisis, the market share of US investment banks is increasing, while that of their European counterparts is declining. We present evidence that US investment banks are on the verge of taking over pole position in European investment banking. Meanwhile, since 2015, Chinese investment banks have overtaken American and European investment banks in the Asia-Pacific market. • Credit rating agencies and investment banks are the gatekeepers of the capital markets. The European supervisory institutions can effectively supervise the European operations of these US-managed players. On the political side, we suggest that the European Commission should continue to view its, albeit declining, banking industry as a strategic sector. The Commission, the European Central Bank and the Bank of England should jointly develop a strategic agenda for the EU-US Regulatory Dialogue. • Finally, corporates rely on investment banks to issue new securities. We recommend that the big European corporates should cherish the (few) remaining European Telephone investment banks, by giving them at least one place in otherwise US- +32 2 227 4210 dominated banking syndicates. That could help to avoid complete dependence on US [email protected] investment banks. www.bruegel.org Charles Goodhart is Emeritus Professor at the Financial Markets Group, London School of Economics. Dirk Schoenmaker ([email protected]) is a Senior Fellow at Bruegel and Professor of Banking and Finance at Rotterdam School of Management, Erasmus University.
    [Show full text]
  • The Decline of Investment Banking: Preliminary Thoughts on the Evolution of the Industry 1996-2008, 5 J
    University of Florida Levin College of Law UF Law Scholarship Repository Faculty Publications Faculty Scholarship 2010 The eclineD of Investment Banking: Preliminary Thoughts on the Evolution of the Industry 1996-2008 Robert J. Rhee University of Florida Levin College of Law, [email protected] Follow this and additional works at: http://scholarship.law.ufl.edu/facultypub Part of the Banking and Finance Commons Recommended Citation Robert J. Rhee, The Decline of Investment Banking: Preliminary Thoughts on the Evolution of the Industry 1996-2008, 5 J. Bus. & Tech. L. 75 (2010), available at http://scholarship.law.ufl.edu/facultypub/482 This Article is brought to you for free and open access by the Faculty Scholarship at UF Law Scholarship Repository. It has been accepted for inclusion in Faculty Publications by an authorized administrator of UF Law Scholarship Repository. For more information, please contact [email protected]. ROBERT J. RHEE* The Decline of Investment Banking: Preliminary Thoughts on the Evolution of the Industry 1996-2008 DURING THE ROUNDTABLE DISCUSSION ON THE financial crisis,' I noted that it was important to understand finance and the financial industry as a part of legal dis- course and education. This paper is a continuation of that thought. The financial crisis of 2008-2009 was shocking in many ways. For me, a major shock was the sudden collapse of three "bulge bracket" investment banks from the competitive landscape in an industry that was already starting to look like an oligopoly. From time to time, investment banks implode due to poor risk management and/or mal- feasance.
    [Show full text]
  • Investment Banking Demystified
    BANKING AT MICHIGAN: Investment Banking Demystified Decoding the Investment Banking recruitment process www.bankingatmichigan.org M I C H G A N B A N K I G T BANKING AT MICHIGAN Website 1 Agenda ● What is investment banking (IB)? ● What are the different types of IBs? ● Why start a career in IB? ● What does an IB analyst do on the job? ● What is the recruitment process like? ● What does Banking at Michigan (BAM) do and how can the club help me? ● How can I get more involved with BAM? M I C H G A N B A N K I G T BANKING AT MICHIGAN Website 2 TEAM M I C H G A N B A N K I G T BANKING AT MICHIGAN Website 3 Our Team ● Directors ○ Rishi Prasad (Investment Banking @ Goldman Sachs) ○ Matthew Balsei (Investment Banking @ Goldman Sachs) ○ Deven Bhatt (Investment Banking @ Morgan Stanley) ○ Ethan Tuckman (Investment Banking @ Rothschild & Co.) ○ Ally Gillman (Investment Banking @ Jefferies) ● Vice Presidents (Juniors) M I C H G A N ○ Will Tso ○ Ryan Haggerty ● Analysts (Freshman & Sophomores, past Juniors) ○ 8 in our first cohort (looking to expand to 15-20+ this semester) B A N K I G T BANKING AT MICHIGAN Website 4 INVESTMENT BANKING OVERVIEW M I C H G A N B A N K I G T BANKING AT MICHIGAN Website 5 What are Investment Banks? ● Trusted advisors and financiers to a diverse client base ● Investments banks provide advisory services (e.g. Mergers & Acquisitions or Restructuring) ● Investment banks help clients raise capital (through debt or equity) M I C H G A N B A N K I G T BANKING AT MICHIGAN Website 6 What are Investment Banks? ● Investment banks
    [Show full text]
  • Investment Banking (Bulge Bracket)
    Investment Banking (Bulge Investment Banking (Middle Sales & Trading Research Banking Corporate Finance (Fortune Investment Management Investment Advisory/ Wealth Government/Non- Management Consulting Bracket) Market) 500) Management Profit/Other Representative Firms Goldman Sachs, JP Morgan, Harris Williams, Wells Bulge Bracket + ABN, Bulge Bracket + Most Sales Bank of America, JP Morgan GE, Altria, CapitalOne, BNY Mellon, Dreyfus, Bulge Bracket, Many Federal, State, Local Bain, McKinsey, Boston Morgan Stanley, Citi, Fargo, Cowen, Stifel DKW, BMO, CIBC, Mizuho, & Trading, Boutiques Chase, Citibank, Wells IBM, Proctor & Gamble, Edward Jones, Fidelity, Commercial Banks, Government; Consulting Group, Booz Deutsche Bank, Credit Nicolaus, Jefferies, Houlihan SocGen, Nomura, some Fargo, HSBC, US Bancorp, Johnson & Johnson, Franklin Templeton, Insurance Companies, SEC, FBI, IRS, FannieMae, Allen Hamilton, Mercer, Suisse, Bank of Lokey, BB&T, William Commercial Banks, Others PNC, BNY Mellon, Microsoft, United Hartford, Janus, Legg Independents SallieMae; Deloitte, Monitor, America/Merrill Lynch, Blair, RW Baird, SunTrust, BB&T, Citizens, Technologies, PepsiCo, Mason, MFS, New York Non-Profits Accenture, UBS, Barclays, Lazard, RBS, Oppenheimer, Thomas KeyBank, M&T, Regions Caterpillar, Honeywell, etc. Life, Northern Trust, Boutiques BNP Wiesel, Raymond James, Bank, other smaller banks PIMCO, Prudential, T. Rowe Morgan Joseph, Evercore, Price, Vanguard, Wellington, Greenhill, Moelis, multiple large insurance companies others Competition for Job
    [Show full text]
  • How Gulliver Fixed HSBC for the Future World’S Best Bank
    July 2017 www.euromoney.com Volume 48, Number 579 WORLD’S BEST BANK How Gulliver fixed HSBC for the future World’s best bank 2 Reprinted from July 2017 Copyright© Euromoney magazine www.euromoney.com WORLD’S BEST BANK How Gulliver fixed HSBC for the future As Stuart Gulliver’s time as chief executive of HSBC runs down, the moment has come to acknowledge his achievement in managing the remarkable transformation of one of the world’s biggest, most complex banks. Once a diffuse portfolio of unconnected banking franchises, it now starts to look much more like the jewel it should be: a properly managed network that can serve customers and reward shareholders by handling global trade and capital flows By: Peter Lee Illustration: Matthew Hollings ne day next year, Stuart Gulliver will leave his office billion to $7 billion of annual cost saves, even after investing at the for the last time and no longer be an employee of rate of over $1 billion each year since 2014 in new safeguards against HSBC. How will he feel? financial crime. “I’ll be sad,” he tells Euromoney. “But I will be In 2012 the bank had 1,200 full time employees in compliance. proud.” Today it has 8,300, accounting for 3% of its entire staff. OGulliver has devoted his entire working life to HSBC. At the age of Meanwhile, the total number of full-time employees has fallen, 58, he feels it is time to hand the baton of leadership to someone else. from around 300,000 in 2011 to just above 235,000 today.
    [Show full text]
  • Investor Day 2005 Investment Bank
    Investor Day 2005 Investment Bank New York, 13th May 2005 John P. Costas, Chairman and CEO You & Us Investment Bank’s Position in 2000 UBS Investment Bank’s position in 2000 A growing franchise among corporate and institutional clients ♦ Third largest secondary equities UBS-IB Revenue (2000) firm in the world Non-core ♦ Top 9 Investment Banking Fixed income, Rates Investment and Currencies Banking business globally, 3.8% market share1 ♦ Bulk of revenues from European business ♦ Established leading issuer of corporate, institutional, sovereign and supranational bonds ♦ Multiple brands with limited advertising awareness Equities 1 Dealogic analysis Source: Management accounting 2 Key Developments and Accomplishments (2000-2004) The PaineWebber acquisition Success based upon a powerful strategic fit and a shared business philosophy ♦ Enhanced service of institutional and private clients — Powerful US equity distribution franchise — Leading global investment product platform — Significant US institutional equities and fixed income franchises — Top ranking mortgage-backed securities business ♦ Powerful and complementary brand name with “household name” recognition across the US ♦ Enhanced the IB’s status as a more attractive employer for key talent 4 Commitment to Equities Winning in a challenging environment through strategic investment in people and technology to close remaining gaps US - II ranking improvement US - Broker review average ranking improvement1 2000 2001 2002 2003 2004 2001 2002 2003 2004 3rd th 5 4.1 8th 8th 9th 6.6 Rank Rank
    [Show full text]
  • Investment Banking Is It for You?
    Investment Banking… Is it for you? Career Development Office 1127 Park Street Grinnell, IA 50112-1690 Phone: (641) 269-4940 Fax: (641) 269-4508 Website: www.grinnell.edu/offices/cdo E-mail: [email protected] Fall 2008 Consulting/ Banking Application Process Summer: Prepare resume and cover letters Research firms August-October: Attend information sessions and events MOST APPLICATIONS DUE, some by early September Practice interviews; mock interviews and case interviews in the CDO Prepare for SLAC events Contact and talk with alumni currently working in the industry October-November: Interviews extended to qualified applicants November-January: Job offers extended 2 Investment Banking What is Investment Banking? Overview of Investment Banking Firms Overview of Investment Banking Areas What types of entry-level jobs exist in Investment Banking? Investment Banking Career Paths The Hiring Process Links about Investment Banking Other Resources 3 What is Investment Banking? Investment banking isn’t one specific service or function. I-Banking, as it is sometimes called, is an umbrella term for a range of activities: underwriting, selling, and trading securities (stocks and bonds); providing financial advisory services, such as mergers and acquisition advice; and managing assets. Investment Banks assist public and private corporations, nonprofit institutions, governments, and individuals in raising funds, as well as in providing strategic advisory services for mergers, acquisitions, and other types of financial transactions. Generally, the breakdown of an investment bank includes the following areas: Corporate Finance, Mergers & Acquisitions, Public Finance, Syndicate, Institutional Sales, Retail Sales, Trading, Over-the-Counter Trading, Research, and Operations. Overview of Investment Banking Firms Bulge Bracket Bulge bracket investment banks are the largest and most comprehensive in the business.
    [Show full text]
  • Investment Banking Section Two: Hedge Funds
    Gain Free Access to the WallStreetOasis.com Full 108-Page Report The Annual HERE Compensation Report: 2013 THE WALL STREET OASIS ANNUAL COMPENSATION REPORT: 2013 Section One: Investment Banking Gain Free 7 | Company Classification 15 | Total Compensation per Bank Type 32 | Total Base PayAccess per Location to the 8 | Company Distribution 16 | Total Compensation per Bank Type 34 | Average Bonus 8 | Distribution by Position 18 | Average Base Pay 34 | Median BonusFull 108-Page 8 | Distribution by Bank Type 19 | Median Base Pay 35 | Total Bonus by per LocationReport 9 | Distribution By Location 20 | Total Base Pay per Bank Type 37 | Compensation by LocationHERE 10 | Distribution by Division 21 | Total Base Pay per Bank Type 37 | Average Total Compensation 23 | Average Bonus 11 | Compensation by Position 38 | Median Total Compensation 24 | Median Bonus 11 | Average Total Compensation 39 | Average Base Pay 25 | Total Bonus per Bank Type 11 | Median Total Compensation 40 | Median Base Pay OF CONTENTS 26 | Total Bonus per Bank Type 11 | Average Base Pay 41 | Average Bonus 11 | Median Base Pay 28 | Compensation by Bank Type 42 | Median Bonus 12 | Average Bonus 28 | Average Total Compensation 45 | Compensation by Employer 12 | Median Bonus 28 | Median Total Compensation 43 | Total Compensation per Bank Type 29 | Total Compensation per Location 13 | Compensation by Division 44 | Average Base Pay per Bank Type TABLE TABLE 31 | Average Base Pay 13 | Average Total Compensation 45 | Average Bonus per Bank Type 31 | Median Base Pay 14 | Median Total
    [Show full text]