Investment Banking Training
Investment Banking Training Programs New analysts hired into the Investment Banking Division (IBD) of most investment banks are placed in an investment banking training program to give them the skills they need to succeed in the job. These programs typically start in the summer and last about 6 weeks. Analysts are given the opportunity not...
Merchant Bank
What is a Merchant Bank? In modern terms, a merchant bank is a firm or financial institution that invests equity capital directly in businesses and often provides those businesses with advisory services. A merchant bank offers the same services as an investment bank; however, it typically services smaller clients and makes direct equity investments in...
Letter of Intent (LOI)
What is a Letter of Intent (LOI)? A Letter of Intent (LOI) is a short non-binding contract that precedes a binding agreement, such as a share purchase agreement or asset purchase agreement (definitive agreements). There are some provisions, however, that are binding such as non-disclosure, exclusivity, and governing law. The main points that are typically...
Investment Banking in India
History of Investment Banking in India The history of investment banking in India traces back to when European merchant banks first established trading houses in the region in the 19th century. Since then, foreign banks (non-Indian) have dominated investment and merchant banking activities in the country. In the 1970s, the State bank of India entered...
TMT Investment Banking
What is TMT Investment Banking? TMT stands for Technology, Media, and Telecommunications, so the TMT investment banking group covers clients in those industries. Investment banking services provided to these clients include equity and debt capital raising, mergers, acquisitions, divestitures, risk management, and other advisory mandates. The TMT sector is rapidly growing and is becoming a common...
Managing Conflicts of Interest in Investment Banking
Guide to Managing Conflicts of Interest in Investment Banking Conflicts of interest pose significant reputation and legal risks to corporate finance professionals. In investment banking, and M&A in particular, there is a higher risk of bad press and civil litigation than is the case with other areas of corporate finance. This guide will offer some...
Typical Hierarchy of Investment Banks
Typical Hierarchy of Investment Banks Investment banks have a rigid and strict hierarchy that is comparable to a military organization, where each rank means a great deal and carries specific, significant perks as you advance. The typical hierarchy of investment banks is common to almost all investment banks, although non-US banks may have different job...
What Do Investment Bankers Do?
So, What Do Investment Bankers Do? What do investment bankers do? Uh…they are bankers who invest… right? Well, yes, indeed, investment bankers do invest. However, it’s a little more complicated than that… Investment banking is one of the most prestigious professions on Wall Street. Although it features some of the most coveted and financially rewarding...
IBD - Investment Banking Division
What is the Investment Banking Division (IBD)? IBD is an acronym for the Investment Banking Division within the overall investment bank. IBD is responsible for working with corporations, institutions, and governments to carry out capital raising (including underwriting in equity, debt, and hybrid markets), as well as executing mergers and acquisitions and various types of...
Investment Banking Internship Programs
Overview of Investment Banking Internship Programs Most investment banks offer an investment banking internship program each year, hiring a number of summer Analysts and Associates to work for 9-12 weeks in their offices. These programs are great for both parties – the interns get phenomenal experience and get to see what it’s like to work...
