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.