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What is investment banking

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What is investment banking
What is Investment Banking?

Patrick Fearon
Autumn 2012

© Patrick Fearon 2012

This year we have split the Banking and Finance
Lecture into two:

First Session

Second Session

2

What is Investment Banking?

What Careers in Banking and Finance are available outside Investment
Banking?

IB Grenoble 2012

© Patrick Fearon 2012

In the Investment Banking lecture this morning we will be looking at:

Corporate Finance
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–
–
–
–

Financial Advisory
Advice on M&A
Private Equity
Debt Capital Markets Origination (DCM)
Equity Capital Markets Origination (ECM)

FICC
–
–

Sales & Trading
Research

Equities
–
–

Sales & Trading
Research

Support Functions
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–
–
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Finance
Compliance
Risk (Market, Credit, Operational)
Audit
Operations

Skills and Opportunities required in Banking

3

IB Grenoble 2012

© Patrick Fearon 2012

In the “Careers in Finance Outside Investment
Banking” lecture this afternoon we will look at:

Why you might look at a career outside of Investment Banking
Investment Banking careers that can be done outside Investment Banks
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–
–
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FICC
Equities
M&A
Private Equity

Wealth Management
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Private Banking
Institutional Asset Management

Corporate Lending
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Project Finance
Leveraged Finance
Syndicated Lending
Some of the active Corporate Lending Banks you might consider

Retail Banking
–

Domestic and International

Audit
Governmental Banks

4

IB Grenoble 2012

© Patrick Fearon 2012

Contents of this morning’s lecture

Which are the various divisions of an Investment Bank?
What do those divisions do?
What would a graduate do in each of those divisions?
What skills and personality traits are the banks looking for?

5

IB Grenoble 2012

© Patrick Fearon 2012

An Overview of Investment Banking

© Patrick Fearon 2012

What does an Investment Bank look like?
Goldman Sachs International

Asset & Wealth
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