Investment+Bank - Investment Bank General Description...

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Investment Bank General Description Investment banks assist public and private corporations and governments in raising funds in the capital markets (both equity and debt), as well as in providing strategic advisory services for mergers, acquisitions and other types of financial transactions. They also act as intermediaries in trading for clients. Investment banks differ from commercial banks, which take deposits and make commercial and retail loans. In recent years, however, the lines between the two types of structures have blurred, especially as commercial banks have offered more investment banking services. Investment banks may also differ from brokerages, which in general assist in the purchase and sale of stocks, bonds, and mutual funds. However some firms operate as both brokerages and investment banks; this includes some of the best known financial services firms in the world. General Skills Analytical – strong in accounting and finance to value companies, understand the markets Performance – be able to perform at your highest levels with minimal or no sleep; thrive in stressful environments; learn from mistakes and don’t make them twice Relationship – build and maintain relationships with clients, within the firm, with other firms Players Goldman Sachs Morgan Stanley Lehman Brothers Credit Suisse Bear Stearns JPMorgan Chase Banc of America Securities Citigroup UBS Deutsche Bank Piper Jaffray Wachovia Lifestyle/Compensation 1 st to 3 rd year Analyst – 9am to 12am, often later, usually weekends; $100,000 - $250,000 1 st to 3 rd year Associate – 9am to 11pm, often later, often weekends; $200,000 - $400,000 Vice President – 9am to 8pm, sometimes later, sometimes weekends; lots of money Managing Director – 9am to 7pm, sometimes later, rarely weekends except traveling; too much money Opportunities Can build a career as a banker, go to various divisions within the bank, jump to private equity, hedge fund, mutual fund, research firm or retire early.
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Hedge Fund General Description A hedge fund is a lightly regulated private investment fund sometimes characterized by unconventional strategies. The term hedge fund dates back to the first such fund founded by Alfred Winslow Jones in 1949. Jones' innovation was to sell short some stocks while buying others, thus some of the market risk was hedged. While most of today's hedge funds still trade stocks both long and short, many do not trade stocks at all. Generally investments are non-
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Investment+Bank - Investment Bank General Description...

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