investment banking – capital markets manish shrijit vishal
Post on 12-Jan-2016
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Investment Banking – Capital Markets
Manish
Shrijit
Vishal
Role of Investment Banks
Investors
Financial Intermediaries
Insurance Companies, Mutual
Funds, Banks
Corporations
Industry Structure
IBDCapital Markets
OthersPrivate equityHedge funds
Fixed Income
EquitySecuritised Products
Roles and Jobs - Desks
Stocks Bonds Funds of Funds
Research
Trading
Sales
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”
Career Progression
MD
SVP/Director
VP
Associate
Analyst
Work – Life Balance
• 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
Geographical differences
Questions ?
**Disclaimers: Many opinions are based on second hand knowledge and might be harmful to career
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