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 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...
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...
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...
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 see what it’s like to work at the...