Modified Duration
What is Modified Duration? Modified duration, a formula commonly used in bond valuations, expresses the change in the value of a security due to a change in interest rates. In other words, it illustrates the effect of a 100-basis point (1%) change in interest rates on the price of a bond. Modified duration illustrates the...
Disgorgement
What is Disgorgement? In legal terms, disgorgement is an action where something is given up – namely, profits – because they were obtained illegally or unethically. The court system orders the individual or entity to give up such profits to prevent them from making unfair financial gains. Disgorgement is not a form of punishment, but...
Capital Markets Research Career Profile
What is a Capital Markets Research Analyst? Capital markets research is a sell-side career path within the capital markets division at an investment bank. A research analyst provides research coverage of various markets and asset classes, offering detailed financial analysis and market insights to the bank’s clients. These clients are buy-side institutional investors who manage...
Equity Research vs Investment Banking
Equity Research vs Investment Banking When looking at a career in the capital markets, it’s important to understand if you’re a better fit for investment banking or equity research. Both offer excellent work experience and great pay. Choosing one over the other really comes down to personality more than anything else. This guide will break...
Investment Banking Overview
What is Investment Banking? Investment banking is the division of a bank or financial institution that serves governments, corporations, and institutions by providing underwriting (capital raising) and mergers and acquisitions (M&A) advisory services. Investment banks act as intermediaries between investors (who have money to invest) and corporations (who require capital to grow and run their...
