How hard is it to get a job at a bulge bracket bank?
Yes. It can happen and it does happen. Generally speaking, the large investment banks plan their analyst hiring pretty carefully and usually meet all their initial hiring needs through campus recruiting. However, one of the challenges of hiring at the college level is the the long lead times involved.
How do I get a job at an investment bank bulge bracket?
7 Steps To Breaking into Investment Banking
- Step 1: Win “Steppingstone” Internships or Jobs.
- Step 2: Craft Your Story.
- Step 3: Bankify Your Resume/CV.
- Step 4: Network Your Way into Interviews and Offers.
- Step 5: Prepare for Investment Banking Interviews.
Is bank a bulge bracket?
As a catchall term for this class of large global investment bank, “bulge bracket” commonly refers to Bank of America Merrill Lynch, Goldman Sachs, Barclays Capital, Credit Suisse, Deutsche Bank, JPMorgan Chase, Citigroup, Morgan Stanley, and UBS.
Which bulge bracket banks pay the most?
JPMorgan Chase & Co. ranked as the highest paying investment bank, with compensation nearing the 99th percentile. Other well-paying banks include Wells Fargo & Co., Houlihan Lokey, Bank of America Corp. and Goldman Sachs Group.
Is HSBC a bulge bracket?
The short answer is that there’s no universally-agreed-upon cutoff, but most people would say that these firms (Wells, HSBC, RBC, CITIC, Mizuho, etc.) are NOT bulge brackets because they’re not diversified in the same way.
How can I get an investment banking job with no experience?
Getting into investment banking with no work experience
- It’s almost impossible to stress enough how important this is.
- All contacts with your employer must come from your side and must be done in person or at least via telephone.
- Take as many courses and training as you can and then list them on your CV.
Why are banks called bulge bracket?
The term “bulge bracket” originates from the order of banks listed on the “tombstone” or prospectus of a deal. The banks are listed in sequential order based on the role they play in the deal, from most important to least important. The font size of the banks at the top are larger and bolder – they “bulge” out.
Why is Wells Fargo not a bulge bracket?
are NOT bulge brackets because they’re not diversified in the same way. For example, Wells Fargo always does well in debt capital markets, but it’s much weaker in M&A advisory and equity capital markets. Some of the Chinese and Japanese banks specialize in one product, region, or deal type, as well.