1. Your Questions About Investment Banking
Sandra asks…
Investment Banking?
I found a definition on wetfeet about investment banking.
What I-Banking Is
"It is an umbrella term for a range of activities: underwriting, selling, and trading securities
(stocks and bonds); providing financial advisory services, such as mergers and acquisition
advice; and managing assets"
I thought managing assets belongs to investment management. Am I just confused between
i-banking and the i-banking division (IBD)?
Steve Winston answers:
I think it is a poorly worded definition. I would say that i-banking is mostly about the process of
bringing securities to the market and advising clients on various business matters, such as
M&A. I think the managing assets they are talking about is in reference to advisory work with the
companies in helping them manage their assets, not portfolio management from a mutual fund
or hedge fund perspective.
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2. Laura asks…
investment banking?
what is investment banking, please provide examples and web links. thanks
Steve Winston answers:
An investment bank is a bank that arranges, underwrites and facilitates issuance of new
securities, then usually brokers secondary trades on exchanges or over-the-counter. They may,
or may not, be attached to a bigger financial institution.
Examples are pure investment banks are:
Goldman Sachs
Merrill Lynch
JP Morgan
Lehman Brothers
Bear Stearns
More integrated investment banks are:
Citibank
UBS
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3. Credit Suisse (CSFB)
ING
Maquarie Bank
Bank of America
You can google the links yourself.
Charles asks…
INVESTMENT BANKING????
I really want to persue investment banking as a career but i am not super strong in math. I am
an EXTREMELY hard worker though and when i want something i will work hard until i get it.
Does one have to excell in math to be able to hold an investment banking job?? are there
other jobs in the busniess field that offer the same type of work atmosphere AND tremendous
paychecks??
Isn't that the whole point of asking questions? Why wait till you're done with school to figure
everything out-- that's how you fall behind La
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4. Steve Winston answers:
How are you so set on doing something that you don't fully understand? Just do good in high
school and figure it out when you're a senior or when you're starting college.
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