Investment Banking 101

The first thing you will learn in investment banking 101 is what exactly investment banking is. An investment bank is a financial institution that underwrites for corporations and governments who issue securities. They offer brokerage services and financial advisory services to companies also. These banks also handle things like acquisitions, mergers, corporate restructuring and private equity placements. Investment banks only work with certain types of clients and do not offer their services to private individuals or small businesses. For that you would need a personal and/or commercial bank.


There are two different types of firms in the world of investment banking. Bulge bracket firms have between 15,000 and 50,000 employees located all over the world. The other type of firm is called a boutique firm. Boutique firms employ only between 500 and 3000 people. You will find that working for a bulge bracket firm is much different than working with a boutique firm. Many people have a preference as to which type of firm they want to be a part of.

You will need to learn how to get a job in investment banking before you consider it as a career possibility. A minimum of a Bachelors degree is required although MBA degrees are preferred. Prior to your senior year you should take a summer internship at the firm at which you want to work, if you can get it. The best internships are very competitive because recruiters often choose from their summer interns when filling a position. It is the goal of every intern to not only gain real world job experience in their chosen field but also try to get a job offer for after graduation.

Another thing you will learn in investment banking 101 is the promotion structure. Undergraduate students start off as analysts. From there they complete their masters program and go on to a position as an associate. Associates make more money and have a higher rank than analysts. After the associate level comes the Vice President level, followed by Managing Directors. As you can see there is a great possibility for advancement for a career minded investment banker. The first step is obtaining the right education and training in order to begin your career.




Investment Banking



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UPDATE 2-Natixis to cut 840 jobs, run down some risky assets - Reuters UK
PARIS, Dec 19 (Reuters) - Natixis (CNAT.PA: Quote , Profile , Research ) said on Friday it would cut 840 jobs under a restructuring that will see France's fourth-biggest listed bank scale back its investment banking business and run down billions of ...


Investment Banking 2008 Christmas Card by SP Blogger
and Latest Christmas carol for 2008!!!You'd better watch outYou'd better not cryYou'd better keep cashI'm telling you why:Recession is coming to town.It's hitting you once,It's hitting you twiceIt doe...


Central bank official: China's economic fundamentals "in good shape "
Yi Gang, a senior official of China's central bank, said Friday that the nation's economic fundamentals are "in good shape" and urged people to have faith in the country's growth...


China: corruptive government vs borderless finance, banking, politics, competition (cmi valparaíso)
is corruption to bankrupt China soon? What is really inside Chinese business, government, banking, and finance world? Is global financial crisis accelerating the ongoing corruption and labor cisis? Get lastest analysis and knowledge by leading experts...


China x2019 s Financial Industry Recruits Abroad
Mary Yu pitches hard to the recruiter sitting in front of her. "I've got experience in risk management," she explains, naming the bank where she works and watching anxiously as the recruiter scribbles on her ...


Highlights of '08: Which dead economist could say: I told you so? (eFinancial News)
The credit crunch has played havoc with the financial system and caused markets to plunge to multi-year lows. It has resulted in an upheaval in investment banking, asset management and private equity. Its full consequences have yet to be felt. Global recession awaits. The world teeters on the brink of catastrophe...


Banks under the cosh again (Guardian Unlimited)
Banks are under pressure at the moment, after more losses and analyst downgrades. France's biggest bank, BNP Paribas, unsettled the sector with news of an unexpected ‚¬710m loss at its CIB investment banking business. Part of this was due to its exposure to the alleged fraud perpetrated by Wall Street financier Bernard Madoff. The Paribas news follows yesterday's losses from Goldman Sachs. ...


The top 10 stories of 2008: Not business as usual (InfoWorld)
What started out as a banking crisis became, in 2008, a story for everyone: retailers, consumers, auto workers -- and tech professionals. Though it wasn't business as usual, some big mergers -- like HP buying EDS -- were executed. Long-awaited products like the Android-based G1 "Google phone" were launched. Standards wars involving file formats like OOXML and hardware technology like Blu-ray ...


Merrill is losing a top banker based in Europe - Wall Street Journal

Telegraph.co.uk
Merrill is losing a top banker based in Europe
Wall Street Journal - Dec 18, 2008
In 2000 he was made co-head of corporate broking and a year later became co-head of UK investment banking. Two years later, having been promoted to global .
Bank of America names Merrill CFO to head Asia Reuters
Merrill's CFO will stay on with BofA CharlotteObserver.com
BofAs Moulds lands key job post-Merrill Euro Week
Bloomberg - FinancialWeek (subscription)
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