what sector is investment banking in

Strong strategic advisory and M&A execution capabilities · Focused alignment with middle-market and mid-cap companies · In-depth industry expertise. We meet a Cambridge MBA alumna working in this sector and ask how her MBA education skills led her into a career in investment banking. Invest Capital Investment Bank Ltd. (InvestBank) is a leading Pakistani public and private sector corporations and high. net worth individuals.

: What sector is investment banking in

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The Great Depression: the starting gun of investment banking

The banking industry had been enjoying an excellent period of economic bonanza since 1924. At the time, it was thought that the growth would never stop. It was common for banks to grant loans to anyone with no collateral provided they use the loan to purchase shares. They were considered a safe investment. But all this prosperity came to an end.

In the summer of 1929, General Motors Director John Raskob wrote an article where he affirmed: “All citizens should be rich. If you invest $15 now you will earn $80,000 in 20 years.” Thursday, October 24, 1929 the Wall Street Crash occurred. More than 16 million shares plummeted, with no one to buy them. This left thousands of investors bankrupt.

Panic followed, leading thousands of people to try to withdraw their money from their bank accounts. Banks found themselves inundated by irrecoverable debts. Consumer spending screeched to a halt in the country. The U.S. stock market fell 80% and 600 banks collapsed. It was the start of the Great Depression.

Источник: https://www.bbva.com/en/history-investment-banking-part-1/

Definition of 'Investment Banking'

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Economy

  • PREV DEFINITION

    Infrastructure Investment Trusts

    Definition: An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from possible individual/institutional investors in infrastructure to earn a small portion of the income as return. InvITs work like mutual funds or real estate investment trusts (REITs) in features. InvITs can be treated as the modified version of REITs designed to suit the specific circumstances of the infrastructure sector. Description: Sebi notified the Sebi (Infrastructure Investment Trusts) Regulations, 2014 on September 26, 2014, providing for registration and regulation of InvITs in India. The objective of InvITs is to facilitate investment in the infrastructure sector. InvITS are like mutual funds in structure. InvITs can be established as a trust and registered with Sebi. An InvIT consists of four elements: 1) Trustee, 2) Sponsor(s), 3) Investment Manager and 4) Project Manager. The trustee, who inspects the performance of an InvIT is certified by Sebi and he cannot be an associate of the sponsor or manager. ‘Sponsors’ are people who promote and refer to any organisation north central plains of texas location a corporate entity with a capital of Rs 100 crore, which establishes the InvIT and is designated as such at the time of the application made to Sebi, and in case of PPP projects, base developer. Promoters/sponsor(s), jointly, have to hold a minimum of 25 per cent for three years (at what sector is investment banking in in the InvIT, excluding the situations where an administrative requirement or concession agreement needs the sponsor to hold some minimum percent in the special purpose vehicle. In these cases, the total value of the sponsor holding in the primary special purpose vehicle and in the InvIT should not be less than 25 per cent of the value of units of InvIT on post-issue basis. Investment manager is an entity or limited liability partnership (LLP) or organisation that supervises assets and investments of the InvIT and guarantees activities of the InvIT. Project manager refers to the person who acts as the project manager and whose duty is to attain the execution of the project and in case of PPP projects. It indicates that the entity is responsible for such execution and accomplishment of project landmark with respect to the agreement or other relevant project document.

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    Invisible Hand

    The un-observable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically is the invisible hand.

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Definition: Investment banking is a special segment of banking operation that helps individuals or organisations raise capital and provide financial consultancy services to them.

They act as intermediaries between security issuers and investors and help new firms to go public. They either buy all the available shares at a price estimated by their experts and resell them to public or sell shares on behalf of the issuer and take commission on each share.

Description: Investment banking is among the most complex financial mechanisms in the world. They serve many different purposes and business entities. They provide various types of financial services, such as proprietary trading or trading securities for their own accounts, mergers and acquisitions advisory which involves helping organisations in M&As,; leveraged finance that involves lending money to firms to purchase assets and settle acquisitions, restructuring that involves improving structures of companies to make a business more efficient and help it make maximum profit, and new issues or IPOs, where these banks help new firms go public.

Let’s understand how an investment bank earns money by providing acquisition advisories.

Think of company ABC buying another company XYZ. ABC is not sure how much company XYZ is really worth and what will be the long-term benefits in terms of revenues, costs, etc. In this scenario, the investment bank will go through the process of due diligence to determine the value of the company, settle the deal by helping ABC prepare necessary documents and advising it on the appropriate timing of the deal.

Here the investment bank works on the buy side and some other investment banks may be working on the sell side to help XYZ. The bigger the deal size, the more commission the bank will earn.

Bank of America, Barclays Capital, Citigroup Investment Banking, Deutsche Bank, and JP Morgan are some of the largest investment banks in India.

  • PREV DEFINITION

    Infrastructure Investment Trusts

    Definition: An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from possible individual/institutional investors in infrastructure to earn a small portion of the income as return. InvITs work like mutual funds or real estate investment trusts (REITs) in features. InvITs can be treated as the modified version of REITs designed to suit the specific circumstances of the infrastructure sector. Description: Sebi notified the Sebi (Infrastructure Investment Trusts) Regulations, 2014 on September 26, 2014, providing for registration and regulation of InvITs in India. The objective of InvITs is to facilitate investment in the infrastructure sector. InvITS are like mutual funds in structure. InvITs can be established as a trust and registered with Sebi. An InvIT consists of four elements: 1) Trustee, 2) Sponsor(s), 3) Investment Manager and 4) Project Manager. The trustee, who inspects the performance of an InvIT is certified by Sebi and he cannot be an associate of the sponsor or manager. ‘Sponsors’ are people who promote and refer to any organisation or a corporate entity with a capital of Rs 100 crore, which establishes the InvIT and is designated as such at the time of the application made to Sebi, and in case of PPP projects, base developer. Promoters/sponsor(s), jointly, have to hold a minimum of 25 per cent for three years (at least) in the InvIT, excluding the situations where an administrative requirement or concession agreement needs the sponsor to hold some minimum percent in the special purpose vehicle. In these cases, the total value of the sponsor holding in the primary special purpose vehicle and in the InvIT should not be less than 25 per cent of the value of units of InvIT on post-issue basis. Investment manager is an entity or limited liability partnership (LLP) or organisation that supervises assets and investments of the InvIT and guarantees activities of the InvIT. Project manager refers to the person who acts as the project manager and whose duty is to attain the execution of the project and in case of PPP projects. It indicates that the entity is responsible for such execution and accomplishment of project landmark with respect to the agreement or other relevant project document.

    Read More
  • NEXT DEFINITION

    Invisible Hand

    The un-observable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically is the invisible hand.

    Read More

Trending DefinitionsDebt fundsRepo rateMutual fundGross domestic productData miningAdvertisingProductMonopolyCryptographyDepreciation

Источник: https://economictimes.indiatimes.com/definition/investment-banking

Our dedicated industry experts stand ready to help you with your initiatives. This includes but is not limited to:

  • Financial Institutions
  • Financial Sponsors
  • Global Energy: Oil & Gas
  • Healthcare
  • Retail and Consumer Products
  • Real Estate
  • Technology, Media & Telecom

We work with a wide range of clients to optimize opportunity across the board. This includes clients representing large corporations, small businesses, financial sponsors, government organizations, and asset managers. The Division has advised some of the world's largest companies on complex mergers and acquisitions as well as equity, debt and other capital raisings.

We are a leader in innovating new and creative ideas for clients which help them access the best and most efficient capital sources. We combine our industry and area coverage groups' global footprint with the bank's product expertise to deliver these solutions efficiently and effectively to clients. 

Источник: https://www.credit-suisse.com/il/en/investment-banking/ibcm/industry-expertise.html

Students can study topics such as economics and quantitative techniques, before progressing to examine areas such as risk management and investment banking.

Students study eight compulsory core modules:

- Commercial Bank Management
- Investment Banking
- Portfolio Analysis
- International Macroeconomics and Finance
- Private Banking and Wealth Management
- Quantitative Methods for Economics and Finance I
- Quantitative Methods for Economics and Finance II
- Risk Management in Banking

Following the taught element, students are expected to complete the final master's stage of the programme through a dissertation supported by a research methods module.

Learning and teaching methods can include lectures, seminars, computer-based lab-classes, what sector is investment banking in, and independent study. These will vary according to the subject matter and module.

Contact Hours and Independent Study

Weekly contact hours on this programme may vary depending on the module options chosen and stage of study. Hours of study may vary from term to term for both full and part-time students and can be spread throughout the week. Part-time students will complete the programme within two years. The programme structure for part-time study will be at the discretion of the Programme Leader.

Postgraduate level study involves a significant proportion of independent study, exploring the material covered in lectures and seminars. As a general guide, for every hour spent in class, students are expected to spend at least four to five hours in independent study. For more detailed information please contact the Programme Leader.

Источник: https://www.lincoln.ac.uk/home/course/intinvms/

Investment Banking - statistics & facts

Published by F. Norrestad, Sep 23, 2021
Investment banks provide important services for companies, governments, and other institutions, with the purpose of acting a mediator between the parties included. Most of the largest investment banks globally, also known as “bulge bracket banks”, are full-service banks, providing a wider range of services to clients in addition to underwriting and advisory services, such as sales and trading, research, and asset management services. The investment bankers are compensated for their services through fees, which can take various forms depending on the agreement, but is usually made up by a cash fee paid when the deal has been completed, a fixed monthly fee, a success fee as a share of the deal value, or a combination of these fee types.

What is investment banking?

The main functions of investment banks are underwriting for companies wishing to go public, and providing advisory services for mergers and acquisitions (M&A). When serving as the underwriter, the investment bank functions as the mediator between the investors and the company in the process. When working as an advisor for M&As, the investment bank functions as a mediator between the companies concerned by the acquisition. An initial public offering (IPO), however, does not necessarily need to have only one underwriter: When Saudi Arabian oil company Saudi Aramco had their IPO in 2019 – which is to this day the largest IPO worldwide – a long list of many of the world’s largest investment banks were involved.

Which is the largest investment bank?

There are many ways to rank the largest investment banks: by fees, by revenue market share, by number of deals, and by underwriter value. Mainly the same top ten investment banks worldwide appear in all rankings, but the order varies depending on which measure is being observed. JPMorgan, for example, is the largest investment bank in terms of fees and revenue, while Citigroup is the largest underwriter of special purchase acquisition company (SPAC) IPOs and number of SPAC deals. Meanwhile, What sector is investment banking in Suisse was the underwriter of the largest IPO in the United States so far -Alibaba Group Holding in September 2014 - while in terms of deal value, Goldman Sachs is the largest financial advisor to M&A transactions.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text. what sector is investment banking in figures

The most important key figures provide you with a compact summary of the topic of "Investment Banking" and take you straight to the corresponding statistics.

Interesting statistics

In the following 4 chapters, you will quickly find the 20 most important statistics relating to "Investment Banking".

Investment banking

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Published by F. Norrestad, Sep 23, 2021
Investment banks provide important services for companies, governments, and other institutions, with the purpose of acting a mediator between the parties included. Most of the largest investment banks globally, also known as “bulge bracket banks”, are full-service banks, providing a wider range of services to clients in addition to underwriting and advisory services, such as sales and trading, research, and asset management services. The investment bankers are compensated for their services through fees, which can take various forms depending on the agreement, but is usually made up by a cash fee paid when the deal has been completed, a fixed monthly fee, a success fee as a share of the deal value, or a combination of these fee types.

What is investment banking?

The main functions of investment banks are underwriting for companies wishing to go public, and providing advisory services for mergers and acquisitions (M&A). When serving as the underwriter, the investment bank functions as the mediator between the investors and the company in the what sector is investment banking in. When working as an advisor for M&As, the investment bank functions as a mediator between the companies concerned by the acquisition. An initial public offering (IPO), however, does not necessarily need to have only one underwriter: When Saudi Arabian oil company Saudi Aramco had their IPO in 2019 – which is to this day the largest IPO worldwide – a long list of many of the world’s largest investment banks were involved.

Which is the largest investment bank?

There are many ways to rank the largest investment banks: by fees, by revenue market share, by number of deals, and by underwriter value. Mainly the same top ten investment banks worldwide appear in all rankings, but the order varies depending on which measure is being observed. JPMorgan, for example, is the largest investment bank in terms of fees and revenue, while Citigroup is the largest underwriter of special purchase acquisition company (SPAC) IPOs and number of SPAC deals. Meanwhile, Credit Suisse was the underwriter of the largest IPO in the United States so far -Alibaba Group Holding in September 2014 - while in terms of deal value, Goldman Sachs is the largest financial advisor to M&A transactions.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Investment banking

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!

Key figures

The most important key figures provide you with a compact summary of the topic of "Investment Banking" and take you straight to the corresponding statistics.

Источник: https://www.statista.com/topics/1061/investment-banking/

Goldman Sachs & Co.

Goldman Sachs is widely known as the most prestigious investment bank on Wall Street. The bank’s interns receive phenomenal training, hands-on experience, and the opportunity to rotate across many groups and desks. Junior staff receive extensive training and mentoring opportunities—senior professionals are always willing to help juniors grow.

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SCORE 8.984

2020 Ranking #1

Goldman Sachs & Co.

Morgan Stanley

Morgan Stanley is one of the most highly respected financial institutions in the world. Its name on your resume will open doors throughout your career. Morgan Stanley is a global leader in M&A, IPO underwriting, investment management, and wealth management. It's also passionate about philanthropic efforts, especially when it comes to assisting children and those in dire financial need. Recently, the firm made great strides when it comes to creating a more diverse workforce.

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SCORE 8.410

2020 Ranking #2

Morgan Stanley

J.P. Morgan

J.P. Morgan is one of the top banking firms to work for in the world. Its highly respected internship program provides students with substantial hands-on experience and the ability to interact with clients and senior bankers. Full-time staff receive strong formal and informal training, plenty of mentoring opportunities, and internal mobility options.

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SCORE 8.220

2020 Ranking #3

J.P. Morgan

Evercore

Evercore is one of the world’s top M&A and restructuring advisors. It regularly works on massive high-profile investment banking deals for clients such as GE, Fubo, and Verizon. The firm offers phenomenal training and senior-banker exposure to interns and junior bankers. And it's very focused on creating an inclusive culture. It has active and effective networking groups for women, LGBTQ+ individuals, traditionally underrepresented minorities, and veterans.

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SCORE 7.690

2020 Ranking #4

Evercore

Centerview Partners

Centerview is one of Wall Street's most highly respected M&A advisory firms. It's known for working on high-profile deals for clients like CBS, CVS Health, and Time Warner. Centerview is also known for compensating its people very well. Salaries and bonuses are top-notch, medical benefits are excellent, and it offers many other perks like free breakfast, catered lunches, and large dinner stipends. Recently, the firm made a huge push to improve its diversity recruiting efforts.

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SCORE 7.396

2020 Ranking #5

Centerview Partners

Lazard

Lazard is one of the world’s most prestigious investment banking firms. Its well-known M&A group has advised on some of the largest, most complex M&A deals of the past 100 years. Lazard’s excellent internship program allows interns to work on live deals alongside senior bankers and clients. Lazard excels at mentorship and individual development, giving its full-time bankers clear guidance on their strengths and areas for development. Lean deal teams offer a lot of responsibility.

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SCORE 7.154

2020 Ranking #6

Lazard

Moelis & Company

Moelis is a top investment bank that offers strategic advice to clients across the world. Founded and still led by superstar banker Ken Moeils, the firm is committed to creating an inclusive culture and a workforce that’s representative of its diverse range of clients. The firm has networking groups for Asian, Black, Latino and Hispanic, women, LGBTQ+, and veteran employees. It also has a growing CSR program that supports more than 40 nonprofits.

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SCORE 6.747

2020 Ranking #7

Moelis & Company

PJT Partners

A prestigious independent investment banking firm, PJT Partners offers its interns a lot of responsibility and the opportunity to work on high-profile live deals alongside senior bankers. Full-time junior bankers get a lot of responsibility on deals, work closely with seniors bankers, and participate in client calls. Recently, the firm significantly increased its philanthropy and CSR efforts, and started giving diversity scholarships.

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SCORE 6.600

2020 Ranking #10

PJT Partners

Bank of America Corp.

BofA is one of the world’s largest and most highly respected financial institutions. It's also one of the world's most socially-conscious financial firms. Its Ally program for LGBTQ+ colleagues allows volunteers to take part in open dialogue, and it has active programs designed for many other underserved groups, including women, minorities, and veterans. Also, BofA's CEO is head of the World Economic Forum Business Council that’s working to set ESG measurement standards.

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SCORE 6.578

2020 Ranking #8

Bank of America Corp.

Credit Suisse

Credit Suisse is one of the most prestigious investment banks in the world. Its interns receive extensive hands-on training and work alongside senior bankers. Full-time employees have access to top-notch training programs, mentoring opportunities, and internal mobility options. The culture is collaborative, and a healthy work/life balance can be achieved.

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SCORE 6.394

2020 Ranking #9

Credit Suisse

Barclays Investment Bank (Americas)

Barclays is one of the most influential banks on Wall Street. It’s part of the investment banking bulge bracket, and has major M&A, equity, and debt units, which regularly work on landmark deals. It also has strong retail banking and wealth management units, and serves 48 million clients worldwide. The firm champions inclusion, innovation, sustainability, and “citizenship”—giving back through volunteering.

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SCORE 6.314

2020 Ranking #12

Barclays Investment Bank (Americas)

Perella Weinberg Partners

Perella Weinberg is a prestigious independent investment banking that works on high-profile deals for clients like PayPal, Kraft Heinz, and T-Mobile. Its interns get an incredible amount of responsibility and hands-on experience, working on live deals with senior bankers and clients. The firm is committed to diversity, and has extensive D&I training programs.

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SCORE 6.234

2020 Ranking #11

Perella Weinberg Partners

SCORE 6.059

2020 Ranking #15

Guggenheim Securities

Guggenheim Securities provides advisory, sales and trading, research, and financing services. Recent clients include IBM, Disney, Pfizer, and Verizon. The firm's interns get a lot of responsibility, live deal experience, and experience across various industries and products. Even the most junior bankers get significant access to senior leadership and clients.

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SCORE 6.013

2020 Ranking #14

Guggenheim Securities

Greenhill & Co

Greenhill is a leading M&A advisory firm that cares about giving its interns a strong learning experience. Interns work on live deals alongside clients and senior bankers. Full-time junior bankers work on lean deal teams, getting extraordinary responsibility and close interaction with senior bankers. At Greenhill, the people are polite, kind, helpful, and supportive.

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SCORE 5.933

2020 Ranking #13

Greenhill & Co

Jefferies

Jefferies is a highly respected financial institution with industry-leading investment banking and capital markets units. It's been named one of the "World’s Most Admired Companies" by Fortune, and it's very focused on D&I. It has active networking groups for employees of Asian heritage, Black and Latino employees, LGBTQ+ individuals, and veterans.

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SCORE 5.916

2020 Ranking #17

Jefferies

Rothschild

Rothschild is one of the world’s most prestigious investment banks—and well-known names in finance. It has a 200-year-old European heritage and a formidable M&A unit. The firm regularly wins bank-of-the-year awards, singled out for its “sheer scale that rivals can’t match.” Rothschild places a unique focus on cultivating the individuality of its people, helping them reach their potential.

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SCORE 5.724

2020 Ranking #16

Rothschild

Qatalyst Partners

Founded by three former Credit Suisse bankers, Qatalyst specializes in providing M&A and strategic advisory services to established and new tech companies. Its clients have included Slack, Intuit, FitBit, Google, and LinkedIn. Qatalyst supports numerous nonprofiits, including Teach for America, the ACLU, the Equal Justice Initiative, and Unicef.

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SCORE 5.500

2020 Ranking #19

Qatalyst Partners

Houlihan Lokey

Houlihan Lokey has leading M&A and restructuring groups. Its interns get a lot of live deal experience and top-notch training, and its full-time bankers get a ton of responsibility, the ability to pave their own paths, and schedule flexibility. Diversity is a strong suit, and there are many opportunities to volunteer and contribute on a matched basis.

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SCORE 5.477

2020 Ranking #20

Houlihan Lokey

Allen & Company LLC

Allen & Company is a low-profile banking boutique that works on high-profile deals. A private firm without a website, Allen & Co. has closed deals for Google, Twitter, Facebook, Activision, eBay, Verizon, and Time Warner. The bank is also known for its annual star-studded Sun Valley conference, attended by the likes of Bill Gates, Warren Buffett, LeBron James, and Oprah Winfrey.

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SCORE 5.220

2020 Ranking #21

Allen & Company LLC

RBC Capital Markets

RBC Capital Markets is widely considered to be the top investment bank in Canada, and it's a growing bank in the U.S. Interns get live deal experience while working alongside senior bankers. Full-timers get extensive training and mentoring, and the ability to work internationally. The culture is supportive and friendly, and a good work/life balance can be achieved.

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SCORE 5.008

2020 Ranking #22

RBC Capital Markets

William Blair

William Blair is a leading investment bank headquartered in Chicago with offices in 20 cities on four continents. The firm’s interns receive a phenomenal learning experience, working on live deals alongside senior bankers and clients. Full-time junior bankers get many mentorship opportunities and valuable trainings, and there's a clear path to becoming a partner.

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SCORE 4.879

2020 Ranking #24

William Blair

Piper Sandler

Piper Sandler is a middle-market investment banking powerhouse. Its strong M&A unit works on high-profile deals and more mid-market transactions than almost every other investment bank in the U.S. What makes Piper Sandler unique is its people, who have deep industry knowledge and experience. The firm also places a unique focus on the physical and emotional well-being of its people.

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SCORE 4.848

2020 Ranking #25

Piper Sandler

Wells Fargo & Company

Wells Fargo is one of the world’s largest and most valuable banking firms. It offers meaningful careers in fields ranging from investment banking and wealth management to data analytics and cybersecurity. At Wells Fargo, everyone has a voice. The bank is heavily invested in creating an inclusive culture that represents the communities it serves. It has active networking groups for women, LGBTQ+, veteran, Asian, Middle Eastern, Latin, and Native American professionals.

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SCORE 4.640

2020 Ranking #26

Wells Fargo & Company

Macquarie Group (U.S.)

Macquarie is an investment banking powerhouse with Australian roots. The firm is a top-ranked M&A advisor and one of the world’s leading infrastructure and renewables asset managers. Macquarie offers its people a chance to grow and develop their skills while working on high impact deals in areas such as green energy, sustainable food supply chains, and social housing.

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SCORE 4.632

2020 Ranking #23

Macquarie Group (U.S.)

Deutsche Bank AG

Deutsche Bank is a legendary Wall Street firm with inclusion at its heart. It’s part of the elite investment banking bulge bracket and has a long track record of working on the world’s most transformative deals. Based in Germany, DB is also known for its inclusive culture and focus on building the careers of LGBTQ+ individuals, people of color, refugees, and women.

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SCORE 4.555

2020 Ranking #33

Deutsche Bank AG

BMO Capital Markets

BMO Capital Markets is an investment banking firm looking for hardworking candidates with strong academic records. The firm's internships offer students live deal experience, a rotational program, and the ability to attend client meetings. Full-time professionals have access to strong training programs and many policies promoting work/life balance.

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SCORE 4.487

2020 Ranking #27

BMO Capital Markets

Solomon Partners

Solomon Partners is a leading investment bank that specializes in providing advisory services in sectors such as consumer retail, tech, media, and health care. Its client list includes Under Armour, SoulCycle, SiriusXM, Brooks Brothers, and Netflix. Solomon Partners has a culture that’s accepting of all groups of people, and the firm’s management encourages civic engagement and charitable donations, and promotes an open discussion of social challenges.

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SCORE 4.448

2020 Ranking #31

Solomon Partners

LionTree Advisors, LLC

LionTree is a prestigious investment banking boutique what sector is investment banking in closes high-profile media and entertainment transactions. Recently, its growing M&A unit worked on the sales of Simon & Schuster to Penguin Random House, Serial to the New York Times, and Stitcher to SiriusXM. LionTree is a small firm that offers big-deal experience, leading with credibility and conviction, adaptability and authenticity.

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SCORE 4.404

2020 Ranking #29

LionTree Advisors, LLC

Oppenheimer & Co.

Oppenheimer has a 140-year history of providing investment banking services to the world’s top companies. It recently closed deals for GoPro, Fiverr, Fubo, KKR, BlackRock, Lemonade, and LendingTree. Just like it works hard for its high-profile clients, it works hard to ensure its people thrive in its close-knit, collaborative culture, providing them with vast amounts of resources and training.

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SCORE 4.380

2020 Ranking #28

Oppenheimer & Co.

Cowen Group

Cowen is a top investment bank that offers interns hands-on live deal experience tri city bank exposure to senior bankers and clients. Full-time junior bankers get access to a structured training program, an “apprenticeship” learning model, and many wellness benefits. Underscoring its commitment to diversity, Cowen recently created a new head of D&I position.

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SCORE 4.355

2020 Ranking #34

Cowen Group

BNP Paribas USA

BNP Paribas is one of the world’s largest—and most progressive—banking firms. It’s been named a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign. It has resource groups dedicated to raising awareness of disability- and mental health-related issues. And its social and environmental goals are aligned with standards set by the UN and other leading organizations. Its offers rewarding career paths in data analytics, finance, IT, marketing, and more.

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SCORE 4.212

2020 Ranking #30

BNP Paribas USA

HSBC North America Holdings

HSBC is an international, diverse, community-oriented global bank with roots that go back 150 years. Its worldwide staff speaks more than 144 languages, and the bank's offices are located in every financial center in the world. The firm has no less than eight employee network groups that actively promote DE&I within the firm, and community volunteering is a major focus.

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SCORE 4.208

2020 Ranking #32

HSBC North America Holdings

Raymond James Financial, Inc.

Raymond James is a leading financial services firms that specializes in wealth management, investment banking, and equity research. Internships are available in banking, financial advisory, IT, risk management, and more. Committed to D&I, Raymond James has active networking groups for women, minorities, LGBTQ+ individuals, and veterans.

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SCORE 4.181

2020 Ranking #37

Raymond James Financial, Inc.

Tudor, Pickering, Holt & Co.

TPH is an investment bank that focuses on providing research, sales and trading, and M&A advisory services to the energy industry. Its clients have included Hess, Apache, Anadarko, and Kuwait Energy. TPH is owned by leading M&A investment bank Perella Weinberg Partners and offers excellent internships in its Houston office.

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SCORE 4.140

2020 Ranking #39

Tudor, Pickering, Holt & Co.

Harris Williams

Harris Williams is an investment bank based in Virginia that specializes in M&A advisory. It’s been named “M&A Mid-Market Investment Bank of the Year” and “Investment Banking Firm of the Year” by Mergers & Acquisitions. The firm’s excellent internship program gives interns live-deal experience and exposure to senior management. Its culture is collaborative and open—the firm is very focused on diversity recruiting and mentorship, and has substantial What sector is investment banking in programs.

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SCORE 4.110

2020 Ranking #35

Harris Williams

Bank of New York Mellon Corporation

BNY Mellon is one of the world’s top asset management and banking firms. It was founded by first U.S. Treasury Secretary Alexander Hamilton and one of the first banks to use computing technology. BNY's inclusive culture champions diverse viewpoints, backgrounds, and experiences. The firm has specific goals prioritizing D&I in recruitment, retention, and advancement. BNY career paths include technology, AI, investment management, and risk management.

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SCORE 4.074

2020 Ranking #36

Bank of New York Mellon Corporation

Nomura

Nomura is global investment banking powerhouse based in Japan. The firm’s top-notch internship program gives students live deal experience, hands-on training, and the ability to rotate through various groups. Full-time junior bankers get lot of exposure to senior bankers and clients, and significant responsibility due to lean deal teams. Recently, Nomura has made a big push to recruit and retain more women and minorities.

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SCORE 4.025

2020 Ranking #38

Nomura

Baird

Baird is a highly respected middle-market investment bank looking for high-energy candidates. Baird interns work on live deals with experienced bankers, and interns’ mentoring opportunities and social events are excellent. Full-time junior bankers can take on as much responsibility as they can handle and also receive highly-rated mentoring opportunities.

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SCORE 4.019

2020 Ranking #40

Baird

Stifel Financial Corp.

Stifel is a St. Louis-based investment bank that focuses on serving tjhe middle market. Although Stifel's roots go back 125 years, it still has the entrepreneurial culture of a startup. Stifel allows its staff to take what sector is investment banking in and welcomes new ideas. A diverse team is critical to its mission, and the firm insists on diversity, inclusion, respect, and engagement in all that it does.

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SCORE 3.983

2020 Ranking #45

Stifel Financial Corp.

Cantor Fitzgerald

Cantor Fitzgerald is a leading force in equity capital markets. Its global client list includes 5,000 institutions, including many Fortune 500 companies. The firm also has strong M&A, fixed income, and asset management units. Cantor Fitzgerald looks for driven, intellectually engaged, team-oriented people with a strong desire to make an impact and work on challenging, exciting, and meaningful assignments.

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SCORE 3.935

2020 Ranking #42

Cantor Fitzgerald

Royal Bank of Scotland Group plc

U.K.-based NatWest, formerly known as Royal Bank of Scotland, is a leading global financial services firm. It offers investment banking (through NatWest Markets), commercial banking, credit cards, insurance, and more. Meaningful career paths are available in finance, technology, business strategy, and more. For students and young professionals, it offers several different internships, apprenticeships, and graduate programs.

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SCORE 3.906

2020 Ranking #41

Royal Bank of Scotland Group plc

Deloitte Corporate Finance LLC

Deloitte Corporate Finance is the advisory arm of Big 4 accounting and consulting power Deloitte. DCF offers expert M&A and strategic advisory services to companies in progressive industries like clean tech, health care, environmental products, software, e-commerce, and communications technology. As part of the Deloitte family, you’ll receive best-in-class benefits while working alongside an incredibly diverse, talented group of people.

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SCORE 3.882

2020 Ranking #44

Deloitte Corporate Finance LLC

Societe Generale Corporate & Investment Banking

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SCORE 3.864

2020 Ranking #43

Societe Generale Corporate & Investment Banking

EY Capital Advisors LLC (EYCA)

EY’s name on your resume opens doors. EY is one of the world’s most respected names in finance—one of the elite Big 4 professional services firms and known for its top-notch advice and forward-thinking workplace culture. Its prestigious financial advisory arm provides creative and innovative solutions by asking better, more insightful questions.

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SCORE 3.860

2020 Ranking #46

EY Capital Advisors LLC (EYCA)

Brown Brothers Harriman

Brown Brothers Harriman is one of the oldest private partnerships on Wall Street. It provides private banking and investment management services, and as a firm without outside shareholders, it can take a thoughtful, long-term approach to its business relationships. When looking for new hires, it values energetic, compassionate, curious, innovative thinkers with a strong desire to learn.

View Profile

SCORE 3.766

2020 Ranking #47

Brown Brothers Harriman

SCORE 3.742

2020 Ranking #50

Sandler O'Neill + Partners L.P.

TD Securities

TD Securities is a global investment banking powerhouse based in Toronto, with offices in major financial centers around the world. It regularly receives deal-of-the-year honors for its high-profile M&A and underwriting transactions. TD has an open, collaborative culture that promotes creativity, diverse perspectives, work/life balance, respect, and fun. TD is an investment bank where you’re free to be you.

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SCORE 3.627

2020 Ranking #Not Ranked

TD Securities

SCORE 3.584

2020 Ranking #Not Ranked

Scotiabank
Источник: https://firsthand.co/best-companies-to-work-for/banking/most-prestigious-banking-companies

Sustainably higher returns for corporate and investment banks (CIB), but with a shift in focus to Transaction Banking

The 2021 edition of our annual report with Morgan Stanley offers an overview of industry trends and analysis in wholesale banking.

The industry’s impressive returns reflect a decade of repositioning what county is bangor michigan in Markets and investment banking divisions (IBD). We think improved returns are sustainable. A constructive macro and policy environment is just one driver. To lift returns even higher, wholesale banks need to unlock the value of Transaction Banking with a shift to recurring fees, services-based business models, and enhanced disclosure.

Wholesale banking businesses demonstrated resilience in the pandemic, delivering the best year in a decade. The benefits of a diversified model were clear, as Markets and IBD franchises benefited from structural changes that have reduced dependency on balance sheet and asset prices, with these gains more than offsetting weaknesses in rate-sensitive what sector is investment banking in. While policy during the pandemic helped, 2020 returns are sustainable in our view due to a constructive macro and policy environment, and the potential to unlock hidden value in Transaction Banking.

First, the macro backdrop is constructive with 7-10% Nominal GDP growth in 2021-22, and the expectation of a stable regulatory environment after a decade of reform. Second, banks can push even higher by unlocking hidden value in Transaction Banking. The fundamentals of this business remain strong, delivering through the cycle ROE of 30-45%. Yet there has been a vast transfer of value to non-bank players in this space over the past three years – banks can narrow the value gap, and reassert their current leading position in the midst of market disruption, by doubling down on Transaction Banking.

Without the volatility and policy boost of 2020, wholesale revenues will decline. Yet revenues  should remain in range or above 2017-2019 levels in all but the downside scenario, with a constructive macro and policy outlook and upside potential in the Transaction Banking business. Our report estimates a range of through-the-cycle ROE of 8-13% across our three scenarios, with returns improved from the pre-pandemic range of 9-10% in all but our most pessimistic scenario. With this growth outlook in mind, there is value upside for CIBs.

A significant valuation shift has taken place from banks to non-banks

Wholesale banking businesses get a lower multiple from investors than adjacent non-bank players. A large part of this valuation gap can be explained by how these firms are assessed – with non-banks valued for fast revenue growth while banks are valued for earnings and returns – and by the regulatory capital requirements that impact banks.

Nevertheless, we think there are steps CIB management teams can take to narrow the gap. Together these actions are equivalent to 15% or >$200BN of market capitalization for the largest banks:

Better disclosure now on Transaction Banking. Investors have not rewarded banks for the strong fundamentals of this business. Transaction Banking offers stable revenues, sticky client relationships, a source of funding for the bank and a clear link to the real economy. We think more transparency in reporting can drive average valuation uplifts of 8% (up to 20% for some Global banks).

Actions to drive sustainable returns over the longer term. The market is missing the fundamental value and outlook for the wholesale business model: we project sustainably higher industry returns whereas current market valuations imply that returns will revert to pre-pandemic levels. Credible actions throughout the cycle to sustain 2020-level returns can drive average valuation uplift of 7%.

We see at least four levers management teams can pull to drive sustainable returns and narrow the value gap:

Maintain investment in scale while managing risks in Markets and IBD. The last five years have reinforced the earnings power of first-tier Markets and IBD businesses, as the model has shifted away from risk warehousing and towards less capital-intensive activities. While there will always be risk in the business and exposure to losses from idiosyncratic events, the dynamics of the business have changed considerably as a result of post-Global Financial Crisis reforms. 

We estimate that a dollar of revenue now uses 21% less balance sheet and attracts 34% less value at risk (VaR) than 10 years ago. This structural shift was evident in the strength of these businesses during the heightened volatility of 2020 – although banks also benefited from the extraordinary policy response to shore up credit markets.  Yet we continue to see a valuation gap relative to non-banks in this space. But banks that can successfully emphasize to investors the value of network effects, countercyclical revenues, and reduced exposure to asset prices should be able to escape the valuation trap. Sustainable revenue upside will be driven by those that can maintain their investment in scale, while also efficiently allocating capital toward growth areas like electronic trading, private markets, ESG and digital assets.

Returns are projected to be sustainably higher compared to the pre-pandemic period

Optimize Transaction Banking to recoup losses of 2020. The sharp downturn in interest rates in 2020 led to a collapse of Net Interest Income on deposits, and effectively wiped out growth from the prior three years with $12BN in lost revenues. These lost revenues can be recouped over the next cycle through optimization of the existing business – what sector is investment banking in the commercial model toward recurring fee income, increasing discipline in liability management and deposit pricing, and strengthening cross-selling. Management teams who move quickly will grow now while preserving an option on the significant upside from a macro recovery when rates rise later in the cycle, when banks should see a 15-20bps increase in Net Interest Margin – equating to ~$4BN of revenues for global banks – for each 100bps increase in interest rates.

Position to capture >$400BN from services-based models. Leading banks are shifting from transactional to services-based models through the development of Banking as a Service (BaaS) offerings, business to consumer (B2C) and consumer to business (C2B) initiatives, and deep sector ecosystems. These longer-term value creation plays address changing client expectations and needs, adapt to the growing ecosystem of financial service providers, and target the areas of greatest payments growth. In many instances, such offerings target clients and require capabilities that are typically outside the Transaction Bank perimeter – requiring banks to look beyond traditional wholesale models and manage across internal silos and/or work with partner networks. The optimal participation strategies for individual banks will vary based on the starting point, but banks can either play for scale or focus on deep specialization. Those who succeed can bolster the value of the wholesale model and defend against disintermediation over the next 5-10 years.

Integrate embedded payments assets. The past decade has seen substantial value creation in the payments ecosystem, but banks have largely missed out on this growth to date. Non-bank payments providers have benefited from exposure to high growth (and capital light) payments business, and high levels of investment into capabilities necessary to serve client needs. But even as non-banks become more competitive, banks have valuable payments assets that exist across the group: many banks have legacy merchant services businesses and scale payments processing factories, and most have extensive wholesale and retail customer networks and rich customer data. But few are maximizing the shareholder value of these assets by managing across siloes. We argue that banks should “use or lose” these assets – by either better integrating to drive growth and scale   or divesting.

Источник: https://www.oliverwyman.com/our-expertise/insights/2021/apr/wholesale-investment-banks-analysis-2021.html

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Investment Banking -- INDUSTRY overview And Career's in Investment Banking

What sector is investment banking in -

Building a Smarter and Greener Treasury of the Future

Transaction Banking

Goldman Sachs is excited to launch its first ESG-linked Demand Deposit Account. Learn how Goldman Sachs Transaction Banking supported Xylem’s mission and sustainability goals through this first-of-its-kind ESG offering.

View Infographic

Building a Smarter and Greener Treasury of the Future

 

Infographic

Exchanges at Goldman Sachs

Exchanges at Goldman Sachs

  • Financing
    Financing

    Financing

    The group structures and executes a variety of transactions, including equity and equity-linked offerings, debt issuances, as well as structured and derivative transactions.

    Learn More
  • Industry Sectors
    Industry Sectors

    Industry Sectors

    Our global structure allows us to better serve the strategic and financing needs of our clients across all geographies and industries.

    Learn More
  • Mergers and Acquisitions
    Mergers and Acquisitions

    Mergers and Acquisitions

    Our bankers provide merger and acquisitions advice and services to our clients on some of their most important strategic decisions and transactions.

    Learn More
  • Transaction Banking
    Transaction Banking

    Transaction Banking

    Helping clients build a treasury of the future and powering software partners to enhance their offerings.

    Learn More

Financing

The group structures and executes a variety of transactions, including equity and equity-linked offerings, debt issuances, as well as structured and derivative transactions.

Learn More

Industry Sectors

Our global structure allows us to better serve the strategic and financing needs of our clients across all geographies and industries.

Learn More

Mergers and Acquisitions

Our bankers provide merger and acquisitions advice and services to our clients on some of their most important strategic decisions and transactions.

Learn More

Transaction Banking

Helping clients build a treasury of the future and powering software partners to enhance their offerings.

Learn More

BRIEFINGS

A weekly email from Goldman Sachs about trends shaping markets, industries and the global economy.

You have successfully subscribed to BRIEFINGS

Источник: https://www.goldmansachs.com/what-we-do/investment-banking/

Sustainably higher returns for corporate and investment banks (CIB), but with a shift in focus to Transaction Banking

The 2021 edition of our annual report with Morgan Stanley offers an overview of industry trends and analysis in wholesale banking.

The industry’s impressive returns reflect a decade of repositioning in Markets and investment banking divisions (IBD). We think improved returns are sustainable. A constructive macro and policy environment is just one driver. To lift returns even higher, wholesale banks need to unlock the value of Transaction Banking with a shift to recurring fees, services-based business models, and enhanced disclosure.

Wholesale banking businesses demonstrated resilience in the pandemic, delivering the best year in a decade. The benefits of a diversified model were clear, as Markets and IBD franchises benefited from structural changes that have reduced dependency on balance sheet and asset prices, with these gains more than offsetting weaknesses in rate-sensitive businesses. While policy during the pandemic helped, 2020 returns are sustainable in our view due to a constructive macro and policy environment, and the potential to unlock hidden value in Transaction Banking.

First, the macro backdrop is constructive with 7-10% Nominal GDP growth in 2021-22, and the expectation of a stable regulatory environment after a decade of reform. Second, banks can push even higher by unlocking hidden value in Transaction Banking. The fundamentals of this business remain strong, delivering through the cycle ROE of 30-45%. Yet there has been a vast transfer of value to non-bank players in this space over the past three years – banks can narrow the value gap, and reassert their current leading position in the midst of market disruption, by doubling down on Transaction Banking.

Without the volatility and policy boost of 2020, wholesale revenues will decline. Yet revenues  should remain in range or above 2017-2019 levels in all but the downside scenario, with a constructive macro and policy outlook and upside potential in the Transaction Banking business. Our report estimates a range of through-the-cycle ROE of 8-13% across our three scenarios, with returns improved from the pre-pandemic range of 9-10% in all but our most pessimistic scenario. With this growth outlook in mind, there is value upside for CIBs.

A significant valuation shift has taken place from banks to non-banks

Wholesale banking businesses get a lower multiple from investors than adjacent non-bank players. A large part of this valuation gap can be explained by how these firms are assessed – with non-banks valued for fast revenue growth while banks are valued for earnings and returns – and by the regulatory capital requirements that impact banks.

Nevertheless, we think there are steps CIB management teams can take to narrow the gap. Together these actions are equivalent to 15% or >$200BN of market capitalization for the largest banks:

Better disclosure now on Transaction Banking. Investors have not rewarded banks for the strong fundamentals of this business. Transaction Banking offers stable revenues, sticky client relationships, a source of funding for the bank and a clear link to the real economy. We think more transparency in reporting can drive average valuation uplifts of 8% (up to 20% for some Global banks).

Actions to drive sustainable returns over the longer term. The market is missing the fundamental value and outlook for the wholesale business model: we project sustainably higher industry returns whereas current market valuations imply that returns will revert to pre-pandemic levels. Credible actions throughout the cycle to sustain 2020-level returns can drive average valuation uplift of 7%.

We see at least four levers management teams can pull to drive sustainable returns and narrow the value gap:

Maintain investment in scale while managing risks in Markets and IBD. The last five years have reinforced the earnings power of first-tier Markets and IBD businesses, as the model has shifted away from risk warehousing and towards less capital-intensive activities. While there will always be risk in the business and exposure to losses from idiosyncratic events, the dynamics of the business have changed considerably as a result of post-Global Financial Crisis reforms. 

We estimate that a dollar of revenue now uses 21% less balance sheet and attracts 34% less value at risk (VaR) than 10 years ago. This structural shift was evident in the strength of these businesses during the heightened volatility of 2020 – although banks also benefited from the extraordinary policy response to shore up credit markets.  Yet we continue to see a valuation gap relative to non-banks in this space. But banks that can successfully emphasize to investors the value of network effects, countercyclical revenues, and reduced exposure to asset prices should be able to escape the valuation trap. Sustainable revenue upside will be driven by those that can maintain their investment in scale, while also efficiently allocating capital toward growth areas like electronic trading, private markets, ESG and digital assets.

Returns are projected to be sustainably higher compared to the pre-pandemic period

Optimize Transaction Banking to recoup losses of 2020. The sharp downturn in interest rates in 2020 led to a collapse of Net Interest Income on deposits, and effectively wiped out growth from the prior three years with $12BN in lost revenues. These lost revenues can be recouped over the next cycle through optimization of the existing business – reorienting the commercial model toward recurring fee income, increasing discipline in liability management and deposit pricing, and strengthening cross-selling. Management teams who move quickly will grow now while preserving an option on the significant upside from a macro recovery when rates rise later in the cycle, when banks should see a 15-20bps increase in Net Interest Margin – equating to ~$4BN of revenues for global banks – for each 100bps increase in interest rates.

Position to capture >$400BN from services-based models. Leading banks are shifting from transactional to services-based models through the development of Banking as a Service (BaaS) offerings, business to consumer (B2C) and consumer to business (C2B) initiatives, and deep sector ecosystems. These longer-term value creation plays address changing client expectations and needs, adapt to the growing ecosystem of financial service providers, and target the areas of greatest payments growth. In many instances, such offerings target clients and require capabilities that are typically outside the Transaction Bank perimeter – requiring banks to look beyond traditional wholesale models and manage across internal silos and/or work with partner networks. The optimal participation strategies for individual banks will vary based on the starting point, but banks can either play for scale or focus on deep specialization. Those who succeed can bolster the value of the wholesale model and defend against disintermediation over the next 5-10 years.

Integrate embedded payments assets. The past decade has seen substantial value creation in the payments ecosystem, but banks have largely missed out on this growth to date. Non-bank payments providers have benefited from exposure to high growth (and capital light) payments business, and high levels of investment into capabilities necessary to serve client needs. But even as non-banks become more competitive, banks have valuable payments assets that exist across the group: many banks have legacy merchant services businesses and scale payments processing factories, and most have extensive wholesale and retail customer networks and rich customer data. But few are maximizing the shareholder value of these assets by managing across siloes. We argue that banks should “use or lose” these assets – by either better integrating to drive growth and scale   or divesting.

Источник: https://www.oliverwyman.com/our-expertise/insights/2021/apr/wholesale-investment-banks-analysis-2021.html

Investment Banking

Investment banking jobs tend to be high-pressure and high-status, but they also offer high salaries and bonuses and top-notch exit opportunities – at least, if you’re at the right bank and group and you’re at the right seniority level.

Here’s what a typical career progression would look like at a bulge-bracket investment bank in New York City, including estimates for base salaries and total compensation (i.e., base salary + year-end bonus):

Position TitleTypical Age RangeBase Salary (USD)Total Compensation (USD)Timeframe for Promotion
Analyst22-27$85-$95K$130-$200K2-3 years
Associate25-35$150-$200K$250-$450K3-4 years
Vice President (VP)28-40$250-$300K$400-$700K3-4 years
Director / Senior Vice President (SVP)32-45$300-$350K$600-$1,000K2-3 years
Managing Director (MD)35-50$400-$600K$1,000K+N/A

Total compensation is highly dependent on personal and team performance and overall market conditions.

For example, a Managing Director who does not close a single deal in the year might earn a bonus of $0, while one who closes multiple deals might earn millions of dollars.

On average, an MD who’s doing decently at a large firm should earn at least $1 million USD per year.

These numbers are lower at smaller banks and outside the U.S., especially in emerging markets.

If you work at a bulge-bracket bank, a significant portion of your bonus at the mid-to-senior levels will be deferred or paid in stock rather than cash. This is one key advantage that elite boutiques (EBs) have over bulge brackets (BBs).

For more about the trade-offs and other career advice, please see our coverage of the investment banking career path.

And if you’re interested in what you actually do as an investment banker and the type of work product you’ll produce, see our article on investment banking deliverables.

Источник: https://www.mergersandinquisitions.com/investment-banking/

Our dedicated industry experts stand ready to help you with your initiatives. This includes but is not limited to:

  • Financial Institutions
  • Financial Sponsors
  • Global Energy: Oil & Gas
  • Healthcare
  • Retail and Consumer Products
  • Real Estate
  • Technology, Media & Telecom

We work with a wide range of clients to optimize opportunity across the board. This includes clients representing large corporations, small businesses, financial sponsors, government organizations, and asset managers. The Division has advised some of the world's largest companies on complex mergers and acquisitions as well as equity, debt and other capital raisings.

We are a leader in innovating new and creative ideas for clients which help them access the best and most efficient capital sources. We combine our industry and area coverage groups' global footprint with the bank's product expertise to deliver these solutions efficiently and effectively to clients. 

Источник: https://www.credit-suisse.com/il/en/investment-banking/ibcm/industry-expertise.html

The Great Depression: the starting gun of investment banking

The banking industry had been enjoying an excellent period of economic bonanza since 1924. At the time, it was thought that the growth would never stop. It was common for banks to grant loans to anyone with no collateral provided they use the loan to purchase shares. They were considered a safe investment. But all this prosperity came to an end.

In the summer of 1929, General Motors Director John Raskob wrote an article where he affirmed: “All citizens should be rich. If you invest $15 now you will earn $80,000 in 20 years.” Thursday, October 24, 1929 the Wall Street Crash occurred. More than 16 million shares plummeted, with no one to buy them. This left thousands of investors bankrupt.

Panic followed, leading thousands of people to try to withdraw their money from their bank accounts. Banks found themselves inundated by irrecoverable debts. Consumer spending screeched to a halt in the country. The U.S. stock market fell 80% and 600 banks collapsed. It was the start of the Great Depression.

Источник: https://www.bbva.com/en/history-investment-banking-part-1/

Goldman Sachs & Co.

Goldman Sachs is widely known as the most prestigious investment bank on Wall Street. The bank’s interns receive phenomenal training, hands-on experience, and the opportunity to rotate across many groups and desks. Junior staff receive extensive training and mentoring opportunities—senior professionals are always willing to help juniors grow.

View Profile

SCORE 8.984

2020 Ranking #1

Goldman Sachs & Co.

Morgan Stanley

Morgan Stanley is one of the most highly respected financial institutions in the world. Its name on your resume will open doors throughout your career. Morgan Stanley is a global leader in M&A, IPO underwriting, investment management, and wealth management. It's also passionate about philanthropic efforts, especially when it comes to assisting children and those in dire financial need. Recently, the firm made great strides when it comes to creating a more diverse workforce.

View Profile

SCORE 8.410

2020 Ranking #2

Morgan Stanley

J.P. Morgan

J.P. Morgan is one of the top banking firms to work for in the world. Its highly respected internship program provides students with substantial hands-on experience and the ability to interact with clients and senior bankers. Full-time staff receive strong formal and informal training, plenty of mentoring opportunities, and internal mobility options.

View Profile

SCORE 8.220

2020 Ranking #3

J.P. Morgan

Evercore

Evercore is one of the world’s top M&A and restructuring advisors. It regularly works on massive high-profile investment banking deals for clients such as GE, Fubo, and Verizon. The firm offers phenomenal training and senior-banker exposure to interns and junior bankers. And it's very focused on creating an inclusive culture. It has active and effective networking groups for women, LGBTQ+ individuals, traditionally underrepresented minorities, and veterans.

View Profile

SCORE 7.690

2020 Ranking #4

Evercore

Centerview Partners

Centerview is one of Wall Street's most highly respected M&A advisory firms. It's known for working on high-profile deals for clients like CBS, CVS Health, and Time Warner. Centerview is also known for compensating its people very well. Salaries and bonuses are top-notch, medical benefits are excellent, and it offers many other perks like free breakfast, catered lunches, and large dinner stipends. Recently, the firm made a huge push to improve its diversity recruiting efforts.

View Profile

SCORE 7.396

2020 Ranking #5

Centerview Partners

Lazard

Lazard is one of the world’s most prestigious investment banking firms. Its well-known M&A group has advised on some of the largest, most complex M&A deals of the past 100 years. Lazard’s excellent internship program allows interns to work on live deals alongside senior bankers and clients. Lazard excels at mentorship and individual development, giving its full-time bankers clear guidance on their strengths and areas for development. Lean deal teams offer a lot of responsibility.

View Profile

SCORE 7.154

2020 Ranking #6

Lazard

Moelis & Company

Moelis is a top investment bank that offers strategic advice to clients across the world. Founded and still led by superstar banker Ken Moeils, the firm is committed to creating an inclusive culture and a workforce that’s representative of its diverse range of clients. The firm has networking groups for Asian, Black, Latino and Hispanic, women, LGBTQ+, and veteran employees. It also has a growing CSR program that supports more than 40 nonprofits.

View Profile

SCORE 6.747

2020 Ranking #7

Moelis & Company

PJT Partners

A prestigious independent investment banking firm, PJT Partners offers its interns a lot of responsibility and the opportunity to work on high-profile live deals alongside senior bankers. Full-time junior bankers get a lot of responsibility on deals, work closely with seniors bankers, and participate in client calls. Recently, the firm significantly increased its philanthropy and CSR efforts, and started giving diversity scholarships.

View Profile

SCORE 6.600

2020 Ranking #10

PJT Partners

Bank of America Corp.

BofA is one of the world’s largest and most highly respected financial institutions. It's also one of the world's most socially-conscious financial firms. Its Ally program for LGBTQ+ colleagues allows volunteers to take part in open dialogue, and it has active programs designed for many other underserved groups, including women, minorities, and veterans. Also, BofA's CEO is head of the World Economic Forum Business Council that’s working to set ESG measurement standards.

View Profile

SCORE 6.578

2020 Ranking #8

Bank of America Corp.

Credit Suisse

Credit Suisse is one of the most prestigious investment banks in the world. Its interns receive extensive hands-on training and work alongside senior bankers. Full-time employees have access to top-notch training programs, mentoring opportunities, and internal mobility options. The culture is collaborative, and a healthy work/life balance can be achieved.

View Profile

SCORE 6.394

2020 Ranking #9

Credit Suisse

Barclays Investment Bank (Americas)

Barclays is one of the most influential banks on Wall Street. It’s part of the investment banking bulge bracket, and has major M&A, equity, and debt units, which regularly work on landmark deals. It also has strong retail banking and wealth management units, and serves 48 million clients worldwide. The firm champions inclusion, innovation, sustainability, and “citizenship”—giving back through volunteering.

View Profile

SCORE 6.314

2020 Ranking #12

Barclays Investment Bank (Americas)

Perella Weinberg Partners

Perella Weinberg is a prestigious independent investment banking that works on high-profile deals for clients like PayPal, Kraft Heinz, and T-Mobile. Its interns get an incredible amount of responsibility and hands-on experience, working on live deals with senior bankers and clients. The firm is committed to diversity, and has extensive D&I training programs.

View Profile

SCORE 6.234

2020 Ranking #11

Perella Weinberg Partners

SCORE 6.059

2020 Ranking #15

Guggenheim Securities

Guggenheim Securities provides advisory, sales and trading, research, and financing services. Recent clients include IBM, Disney, Pfizer, and Verizon. The firm's interns get a lot of responsibility, live deal experience, and experience across various industries and products. Even the most junior bankers get significant access to senior leadership and clients.

View Profile

SCORE 6.013

2020 Ranking #14

Guggenheim Securities

Greenhill & Co

Greenhill is a leading M&A advisory firm that cares about giving its interns a strong learning experience. Interns work on live deals alongside clients and senior bankers. Full-time junior bankers work on lean deal teams, getting extraordinary responsibility and close interaction with senior bankers. At Greenhill, the people are polite, kind, helpful, and supportive.

View Profile

SCORE 5.933

2020 Ranking #13

Greenhill & Co

Jefferies

Jefferies is a highly respected financial institution with industry-leading investment banking and capital markets units. It's been named one of the "World’s Most Admired Companies" by Fortune, and it's very focused on D&I. It has active networking groups for employees of Asian heritage, Black and Latino employees, LGBTQ+ individuals, and veterans.

View Profile

SCORE 5.916

2020 Ranking #17

Jefferies

Rothschild

Rothschild is one of the world’s most prestigious investment banks—and well-known names in finance. It has a 200-year-old European heritage and a formidable M&A unit. The firm regularly wins bank-of-the-year awards, singled out for its “sheer scale that rivals can’t match.” Rothschild places a unique focus on cultivating the individuality of its people, helping them reach their potential.

View Profile

SCORE 5.724

2020 Ranking #16

Rothschild

Qatalyst Partners

Founded by three former Credit Suisse bankers, Qatalyst specializes in providing M&A and strategic advisory services to established and new tech companies. Its clients have included Slack, Intuit, FitBit, Google, and LinkedIn. Qatalyst supports numerous nonprofiits, including Teach for America, the ACLU, the Equal Justice Initiative, and Unicef.

View Profile

SCORE 5.500

2020 Ranking #19

Qatalyst Partners

Houlihan Lokey

Houlihan Lokey has leading M&A and restructuring groups. Its interns get a lot of live deal experience and top-notch training, and its full-time bankers get a ton of responsibility, the ability to pave their own paths, and schedule flexibility. Diversity is a strong suit, and there are many opportunities to volunteer and contribute on a matched basis.

View Profile

SCORE 5.477

2020 Ranking #20

Houlihan Lokey

Allen & Company LLC

Allen & Company is a low-profile banking boutique that works on high-profile deals. A private firm without a website, Allen & Co. has closed deals for Google, Twitter, Facebook, Activision, eBay, Verizon, and Time Warner. The bank is also known for its annual star-studded Sun Valley conference, attended by the likes of Bill Gates, Warren Buffett, LeBron James, and Oprah Winfrey.

View Profile

SCORE 5.220

2020 Ranking #21

Allen & Company LLC

RBC Capital Markets

RBC Capital Markets is widely considered to be the top investment bank in Canada, and it's a growing bank in the U.S. Interns get live deal experience while working alongside senior bankers. Full-timers get extensive training and mentoring, and the ability to work internationally. The culture is supportive and friendly, and a good work/life balance can be achieved.

View Profile

SCORE 5.008

2020 Ranking #22

RBC Capital Markets

William Blair

William Blair is a leading investment bank headquartered in Chicago with offices in 20 cities on four continents. The firm’s interns receive a phenomenal learning experience, working on live deals alongside senior bankers and clients. Full-time junior bankers get many mentorship opportunities and valuable trainings, and there's a clear path to becoming a partner.

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SCORE 4.879

2020 Ranking #24

William Blair

Piper Sandler

Piper Sandler is a middle-market investment banking powerhouse. Its strong M&A unit works on high-profile deals and more mid-market transactions than almost every other investment bank in the U.S. What makes Piper Sandler unique is its people, who have deep industry knowledge and experience. The firm also places a unique focus on the physical and emotional well-being of its people.

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SCORE 4.848

2020 Ranking #25

Piper Sandler

Wells Fargo & Company

Wells Fargo is one of the world’s largest and most valuable banking firms. It offers meaningful careers in fields ranging from investment banking and wealth management to data analytics and cybersecurity. At Wells Fargo, everyone has a voice. The bank is heavily invested in creating an inclusive culture that represents the communities it serves. It has active networking groups for women, LGBTQ+, veteran, Asian, Middle Eastern, Latin, and Native American professionals.

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SCORE 4.640

2020 Ranking #26

Wells Fargo & Company

Macquarie Group (U.S.)

Macquarie is an investment banking powerhouse with Australian roots. The firm is a top-ranked M&A advisor and one of the world’s leading infrastructure and renewables asset managers. Macquarie offers its people a chance to grow and develop their skills while working on high impact deals in areas such as green energy, sustainable food supply chains, and social housing.

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SCORE 4.632

2020 Ranking #23

Macquarie Group (U.S.)

Deutsche Bank AG

Deutsche Bank is a legendary Wall Street firm with inclusion at its heart. It’s part of the elite investment banking bulge bracket and has a long track record of working on the world’s most transformative deals. Based in Germany, DB is also known for its inclusive culture and focus on building the careers of LGBTQ+ individuals, people of color, refugees, and women.

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SCORE 4.555

2020 Ranking #33

Deutsche Bank AG

BMO Capital Markets

BMO Capital Markets is an investment banking firm looking for hardworking candidates with strong academic records. The firm's internships offer students live deal experience, a rotational program, and the ability to attend client meetings. Full-time professionals have access to strong training programs and many policies promoting work/life balance.

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SCORE 4.487

2020 Ranking #27

BMO Capital Markets

Solomon Partners

Solomon Partners is a leading investment bank that specializes in providing advisory services in sectors such as consumer retail, tech, media, and health care. Its client list includes Under Armour, SoulCycle, SiriusXM, Brooks Brothers, and Netflix. Solomon Partners has a culture that’s accepting of all groups of people, and the firm’s management encourages civic engagement and charitable donations, and promotes an open discussion of social challenges.

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SCORE 4.448

2020 Ranking #31

Solomon Partners

LionTree Advisors, LLC

LionTree is a prestigious investment banking boutique that closes high-profile media and entertainment transactions. Recently, its growing M&A unit worked on the sales of Simon & Schuster to Penguin Random House, Serial to the New York Times, and Stitcher to SiriusXM. LionTree is a small firm that offers big-deal experience, leading with credibility and conviction, adaptability and authenticity.

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SCORE 4.404

2020 Ranking #29

LionTree Advisors, LLC

Oppenheimer & Co.

Oppenheimer has a 140-year history of providing investment banking services to the world’s top companies. It recently closed deals for GoPro, Fiverr, Fubo, KKR, BlackRock, Lemonade, and LendingTree. Just like it works hard for its high-profile clients, it works hard to ensure its people thrive in its close-knit, collaborative culture, providing them with vast amounts of resources and training.

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SCORE 4.380

2020 Ranking #28

Oppenheimer & Co.

Cowen Group

Cowen is a top investment bank that offers interns hands-on live deal experience and exposure to senior bankers and clients. Full-time junior bankers get access to a structured training program, an “apprenticeship” learning model, and many wellness benefits. Underscoring its commitment to diversity, Cowen recently created a new head of D&I position.

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SCORE 4.355

2020 Ranking #34

Cowen Group

BNP Paribas USA

BNP Paribas is one of the world’s largest—and most progressive—banking firms. It’s been named a Best Place to Work for LGBTQ+ Equality by the Human Rights Campaign. It has resource groups dedicated to raising awareness of disability- and mental health-related issues. And its social and environmental goals are aligned with standards set by the UN and other leading organizations. Its offers rewarding career paths in data analytics, finance, IT, marketing, and more.

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SCORE 4.212

2020 Ranking #30

BNP Paribas USA

HSBC North America Holdings

HSBC is an international, diverse, community-oriented global bank with roots that go back 150 years. Its worldwide staff speaks more than 144 languages, and the bank's offices are located in every financial center in the world. The firm has no less than eight employee network groups that actively promote DE&I within the firm, and community volunteering is a major focus.

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SCORE 4.208

2020 Ranking #32

HSBC North America Holdings

Raymond James Financial, Inc.

Raymond James is a leading financial services firms that specializes in wealth management, investment banking, and equity research. Internships are available in banking, financial advisory, IT, risk management, and more. Committed to D&I, Raymond James has active networking groups for women, minorities, LGBTQ+ individuals, and veterans.

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SCORE 4.181

2020 Ranking #37

Raymond James Financial, Inc.

Tudor, Pickering, Holt & Co.

TPH is an investment bank that focuses on providing research, sales and trading, and M&A advisory services to the energy industry. Its clients have included Hess, Apache, Anadarko, and Kuwait Energy. TPH is owned by leading M&A investment bank Perella Weinberg Partners and offers excellent internships in its Houston office.

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SCORE 4.140

2020 Ranking #39

Tudor, Pickering, Holt & Co.

Harris Williams

Harris Williams is an investment bank based in Virginia that specializes in M&A advisory. It’s been named “M&A Mid-Market Investment Bank of the Year” and “Investment Banking Firm of the Year” by Mergers & Acquisitions. The firm’s excellent internship program gives interns live-deal experience and exposure to senior management. Its culture is collaborative and open—the firm is very focused on diversity recruiting and mentorship, and has substantial D&I programs.

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SCORE 4.110

2020 Ranking #35

Harris Williams

Bank of New York Mellon Corporation

BNY Mellon is one of the world’s top asset management and banking firms. It was founded by first U.S. Treasury Secretary Alexander Hamilton and one of the first banks to use computing technology. BNY's inclusive culture champions diverse viewpoints, backgrounds, and experiences. The firm has specific goals prioritizing D&I in recruitment, retention, and advancement. BNY career paths include technology, AI, investment management, and risk management.

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SCORE 4.074

2020 Ranking #36

Bank of New York Mellon Corporation

Nomura

Nomura is global investment banking powerhouse based in Japan. The firm’s top-notch internship program gives students live deal experience, hands-on training, and the ability to rotate through various groups. Full-time junior bankers get lot of exposure to senior bankers and clients, and significant responsibility due to lean deal teams. Recently, Nomura has made a big push to recruit and retain more women and minorities.

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SCORE 4.025

2020 Ranking #38

Nomura

Baird

Baird is a highly respected middle-market investment bank looking for high-energy candidates. Baird interns work on live deals with experienced bankers, and interns’ mentoring opportunities and social events are excellent. Full-time junior bankers can take on as much responsibility as they can handle and also receive highly-rated mentoring opportunities.

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SCORE 4.019

2020 Ranking #40

Baird

Stifel Financial Corp.

Stifel is a St. Louis-based investment bank that focuses on serving tjhe middle market. Although Stifel's roots go back 125 years, it still has the entrepreneurial culture of a startup. Stifel allows its staff to take initiative and welcomes new ideas. A diverse team is critical to its mission, and the firm insists on diversity, inclusion, respect, and engagement in all that it does.

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SCORE 3.983

2020 Ranking #45

Stifel Financial Corp.

Cantor Fitzgerald

Cantor Fitzgerald is a leading force in equity capital markets. Its global client list includes 5,000 institutions, including many Fortune 500 companies. The firm also has strong M&A, fixed income, and asset management units. Cantor Fitzgerald looks for driven, intellectually engaged, team-oriented people with a strong desire to make an impact and work on challenging, exciting, and meaningful assignments.

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SCORE 3.935

2020 Ranking #42

Cantor Fitzgerald

Royal Bank of Scotland Group plc

U.K.-based NatWest, formerly known as Royal Bank of Scotland, is a leading global financial services firm. It offers investment banking (through NatWest Markets), commercial banking, credit cards, insurance, and more. Meaningful career paths are available in finance, technology, business strategy, and more. For students and young professionals, it offers several different internships, apprenticeships, and graduate programs.

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SCORE 3.906

2020 Ranking #41

Royal Bank of Scotland Group plc

Deloitte Corporate Finance LLC

Deloitte Corporate Finance is the advisory arm of Big 4 accounting and consulting power Deloitte. DCF offers expert M&A and strategic advisory services to companies in progressive industries like clean tech, health care, environmental products, software, e-commerce, and communications technology. As part of the Deloitte family, you’ll receive best-in-class benefits while working alongside an incredibly diverse, talented group of people.

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SCORE 3.882

2020 Ranking #44

Deloitte Corporate Finance LLC

Societe Generale Corporate & Investment Banking

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SCORE 3.864

2020 Ranking #43

Societe Generale Corporate & Investment Banking

EY Capital Advisors LLC (EYCA)

EY’s name on your resume opens doors. EY is one of the world’s most respected names in finance—one of the elite Big 4 professional services firms and known for its top-notch advice and forward-thinking workplace culture. Its prestigious financial advisory arm provides creative and innovative solutions by asking better, more insightful questions.

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SCORE 3.860

2020 Ranking #46

EY Capital Advisors LLC  (EYCA)

Brown Brothers Harriman

Brown Brothers Harriman is one of the oldest private partnerships on Wall Street. It provides private banking and investment management services, and as a firm without outside shareholders, it can take a thoughtful, long-term approach to its business relationships. When looking for new hires, it values energetic, compassionate, curious, innovative thinkers with a strong desire to learn.

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SCORE 3.766

2020 Ranking #47

Brown Brothers Harriman

SCORE 3.742

2020 Ranking #50

Sandler O'Neill + Partners L.P.

TD Securities

TD Securities is a global investment banking powerhouse based in Toronto, with offices in major financial centers around the world. It regularly receives deal-of-the-year honors for its high-profile M&A and underwriting transactions. TD has an open, collaborative culture that promotes creativity, diverse perspectives, work/life balance, respect, and fun. TD is an investment bank where you’re free to be you.

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SCORE 3.627

2020 Ranking #Not Ranked

TD Securities

SCORE 3.584

2020 Ranking #Not Ranked

Scotiabank
Источник: https://firsthand.co/best-companies-to-work-for/banking/most-prestigious-banking-companies

Investment Banking - statistics & facts

Published by F. Norrestad, Sep 23, 2021
Investment banks provide important services for companies, governments, and other institutions, with the purpose of acting a mediator between the parties included. Most of the largest investment banks globally, also known as “bulge bracket banks”, are full-service banks, providing a wider range of services to clients in addition to underwriting and advisory services, such as sales and trading, research, and asset management services. The investment bankers are compensated for their services through fees, which can take various forms depending on the agreement, but is usually made up by a cash fee paid when the deal has been completed, a fixed monthly fee, a success fee as a share of the deal value, or a combination of these fee types.

What is investment banking?

The main functions of investment banks are underwriting for companies wishing to go public, and providing advisory services for mergers and acquisitions (M&A). When serving as the underwriter, the investment bank functions as the mediator between the investors and the company in the process. When working as an advisor for M&As, the investment bank functions as a mediator between the companies concerned by the acquisition. An initial public offering (IPO), however, does not necessarily need to have only one underwriter: When Saudi Arabian oil company Saudi Aramco had their IPO in 2019 – which is to this day the largest IPO worldwide – a long list of many of the world’s largest investment banks were involved.

Which is the largest investment bank?

There are many ways to rank the largest investment banks: by fees, by revenue market share, by number of deals, and by underwriter value. Mainly the same top ten investment banks worldwide appear in all rankings, but the order varies depending on which measure is being observed. JPMorgan, for example, is the largest investment bank in terms of fees and revenue, while Citigroup is the largest underwriter of special purchase acquisition company (SPAC) IPOs and number of SPAC deals. Meanwhile, Credit Suisse was the underwriter of the largest IPO in the United States so far -Alibaba Group Holding in September 2014 - while in terms of deal value, Goldman Sachs is the largest financial advisor to M&A transactions.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.

Key figures

The most important key figures provide you with a compact summary of the topic of "Investment Banking" and take you straight to the corresponding statistics.

Interesting statistics

In the following 4 chapters, you will quickly find the 20 most important statistics relating to "Investment Banking".

Investment banking

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
Published by F. Norrestad, Sep 23, 2021
Investment banks provide important services for companies, governments, and other institutions, with the purpose of acting a mediator between the parties included. Most of the largest investment banks globally, also known as “bulge bracket banks”, are full-service banks, providing a wider range of services to clients in addition to underwriting and advisory services, such as sales and trading, research, and asset management services. The investment bankers are compensated for their services through fees, which can take various forms depending on the agreement, but is usually made up by a cash fee paid when the deal has been completed, a fixed monthly fee, a success fee as a share of the deal value, or a combination of these fee types.

What is investment banking?

The main functions of investment banks are underwriting for companies wishing to go public, and providing advisory services for mergers and acquisitions (M&A). When serving as the underwriter, the investment bank functions as the mediator between the investors and the company in the process. When working as an advisor for M&As, the investment bank functions as a mediator between the companies concerned by the acquisition. An initial public offering (IPO), however, does not necessarily need to have only one underwriter: When Saudi Arabian oil company Saudi Aramco had their IPO in 2019 – which is to this day the largest IPO worldwide – a long list of many of the world’s largest investment banks were involved.

Which is the largest investment bank?

There are many ways to rank the largest investment banks: by fees, by revenue market share, by number of deals, and by underwriter value. Mainly the same top ten investment banks worldwide appear in all rankings, but the order varies depending on which measure is being observed. JPMorgan, for example, is the largest investment bank in terms of fees and revenue, while Citigroup is the largest underwriter of special purchase acquisition company (SPAC) IPOs and number of SPAC deals. Meanwhile, Credit Suisse was the underwriter of the largest IPO in the United States so far -Alibaba Group Holding in September 2014 - while in terms of deal value, Goldman Sachs is the largest financial advisor to M&A transactions.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Investment banking

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!

Key figures

The most important key figures provide you with a compact summary of the topic of "Investment Banking" and take you straight to the corresponding statistics.

Источник: https://www.statista.com/topics/1061/investment-banking/

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