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BANKING AT MICHIGAN: Overview of Bulge Bracket

November 11th, 2018

www.bankingatmichigan.org M I C H G A N

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Bulge Bracket Banks

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Bulge Bracket Banks

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Goldman Sachs

● Geographic Location: ○ Headquarters: ○ US Offices: New York, Chicago, Huston, Los Angeles, San Francisco ● Products Offered: ○ M&A, Financing

● Perks, Cultural Strength: ○ First big 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

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Goldman Sachs Strength in Global ECM

M I C H G A N

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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

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Morgan Stanley Strength in Global ECM

M I C H G A N

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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

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J.P. Morgan Strength in Global IB

M I C H G A N

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Bank of America 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

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Bank of America Merrill Lynch Strength in Global IB and IPOs

M I C H G A N

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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

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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

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Barclays Strength in Global DCM

M I C H G A N

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Credit Suisse

● Geographic Location: ○ Headquarters: Zürich , ○ 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

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Deutsche Bank

● Geographic Location: ○ Headquarters: , 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

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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

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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

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RBC- Royal Bank of Canada- Strength in Canadian DCM

M I C H G A N

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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: Syndications,

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AUTHORS

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Authors

● Ally Gillman ● Collin Laing ● Daniel Soper ● Gabrielle Sadler

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