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Investment Banking – Capital Markets. Manish Shrijit Vishal. Role of Investment Banks. Corporations. Investors. Financial Intermediaries Insurance Companies, Mutual Funds, Banks. Industry Structure. IBD. Capital Markets. Others Private equity Hedge funds. Equity. Fixed Income.
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Investment Banking – Capital Markets Manish Shrijit Vishal
Role of Investment Banks Corporations Investors Financial Intermediaries Insurance Companies, Mutual Funds, Banks
Industry Structure IBD Capital Markets Others Private equity Hedge funds Equity Fixed Income Securitised Products
Players • Barclays Capital • Deutsche Bank • Goldman Sachs • HSBC • JP Morgan • Lehman • Merrill Lynch • Morgan Stanley
Culture Issues • Small Teams - Socialisation • Individualistic Culture • Highly Performance Oriented • Tough Competition • Intensive Work • Limited Client Interaction – depends on the Desk • Relatively Flat Hierarchy – “egalitarian”
Geographical differences • Experiences vary from company to company even at the same location • London • Not too competitive • Slightly formal; dressing • Holidays and work hours respected • New York • More competitive • More money / more expenses • Hong Kong • Low taxes • Chinese competition • Tokyo • Less taxes/most expensive • Japanese are crazy about Indian food
Questions ? **Disclaimers: Many opinions are based on second hand knowledge and might be harmful to career