INVESTMENT BANKING• An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the clients agent in the issuance of securities.• An investment bank may also assist companies involved in mergers and acquisitions.• Unlike commercial banks and retail banks, investment banks do not take deposits.
TOP 10 INVESTMENT BANKS IN INDIA Bank of America: Barclays Capital: Citi Bank: Credit Suisse A. G Deutsche Bank J. P. Morgan Kotak Mahindra Bank Limited H. S. B. C Yes Bank Limited ANZ Limited
Jobs in the Investment BankingMost investment banking jobs are in analysis • Equity market analyst • Debt market analyst • High Yield analyst • Mergers and Acquisitions • Industry Analyst –Consumer products, telecommunications, real estate, finance, etc.
Structure of Investment Banks• Major investment banking divisions include: – Investment Banking • Intermediary between the capital markets • Advice and analysis on M&A and Capital Structure • Equity and Fixed Income Underwriting – Asset Management • Provide asset management services to investors and institutions – Sales and Trading • Sales and Trading of Equity (Stocks), Fixed Income Securities (Bonds), Derivatives (Options). – Research • Provide research on public stocks and bonds
Investment Banking Facts • Hard Work Expected and Respected • Analyst Jobs Are the Best Entry Point • Math Skills Can Help • Communication and Completion Abilities Key • Teamwork Crucial • Scientists and Lawyers Wanted • Contacts are Everything • Accounting Skills Valuable
Conti…….. • Investment banking is one of the most global businesses on earth. • Pick the first firm you work for carefully. • A good time to send your resume to an investment bank is in November and December • Investment banking is seeing massive consolidation.