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Equity Research vs. Investment Banking: Careers, Compensation, Exits, and AI/Automation Risk

Mergers and Inquisitions

Equity research recruiting tends to be less structured, though the bulge bracket banks and elite boutiques still run traditional processes that start over a year before summer internships. bulge bracket research team to startup PE firm). consolidation accounting , lease accounting , etc.). No, probably not.

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Bulge Bracket Banks: 2024 Edition

Mergers and Inquisitions

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. What is a “Bulge Bracket Bank”? The name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal.

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Investment Banker Salary and Bonus Report: 2022 Update

Mergers and Inquisitions

Initially, it’s 100% cash, but a percentage will shift to stock and deferred compensation as you move up. As a later Associate or VP, it might be around 20-30% stock/deferred with a 3-year vesting period. Meanwhile, some elite boutique banks , such as Centerview, went up to $130K for Year 1 Analysts (!). at some smaller firms.

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Private Equity in China: The Worst of Both Worlds?

Mergers and Inquisitions

poor stock-market performance, slowing growth rates, and an aging population. Investment Banking Experience at Bulge Bracket or Top Domestic Banks – As with PE anywhere, you need a few years of IB experience to be competitive in most cases. This may change due to factors like the “decoupling” with the U.S.,

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The Full Guide to Pre-MBA Internships: Are They Worth It?

Mergers and Inquisitions

We’ll return to this point later, but in finance, it’s more common to do a pre-MBA internship at a small VC/PE firm or boutique bank rather than a bulge bracket bank. And for boutique banks , find firms that advise on deals worth less than $100 million.

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