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Bulge Bracket IB Or Boutique IB - Which one to choose?

Wizenius

The choice between working in a bulge bracket investment bank or a boutique investment bank depends on individual preferences and career goals. Deal Size and Prestige: Bulge Bracket IB Firms often handle large-scale deals and have a global presence. Here are five factors to consider when comparing the two: 1.

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The Role of Investment Banking Courses in Career Progression

OfficeHours

Simply put, you want to get as much understanding when it comes to things like dealing with financial models, selecting comparable companies, how to format a deck, etc., I was viewed as the top intern and received a return offer at my bulge bracket bank – trust me, you can thank me when you get your return offer.

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Wealth Management vs. Investment Banking: Career Deathmatch

Mergers and Inquisitions

Think: benchmarking portfolios rather than modeling companies. You will very rarely get exposed to the type of financial modeling that bankers complete: 3-statement models , DCF models , M&A models , LBO models , and so on.

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Private Equity in China: The Worst of Both Worlds?

Mergers and Inquisitions

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. Working at the bulge brackets or elite boutiques is better for international funds, while IB experience at the top Chinese banks (CICC, CITIC, Huatai, Haitong, etc.)

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Fixed Income Research: The Overlooked Younger Brother of Equity Research?

Mergers and Inquisitions

You cover quarterly earnings and send updated models and notes to clients and other teams. The differences vs. equity research lie in the details: Financial models focus on the downside scenarios and analyze each issuance separately: the Yield to Worst , Yield to Maturity , Recovery percentages, and the default risk.

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Sovereign Wealth Funds: The Full Guide to the Industry, Recruiting, Careers, and Exits

Mergers and Inquisitions

Depth of Work – Traditional PE/HF: You’ll spend time doing market research, meeting management teams/customers/competitors, and building detailed financial models for any deal that moves past your quick screening. The approval process might take longer (say, 2-3 months rather than 1 month) because more people need to weigh in.