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The Post-Internship Shuffle: How to Switch Banks, Groups, or Locations

Brian DeChesare

As investment banking internships wind down each year, interns everywhere wake up and mysteriously come up with a similar idea: “I want to switch banks for my full-time role! Or at least switch groups. Or maybe switch locations.”. Why Switch Banks? You have no control over any of these.

Banking 77
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Capital Markets vs. Investment Banking: Deals, Careers, Recruiting, Exits, and Offer Decisions

Brian DeChesare

Even though we’ve covered industry groups vs. product groups and teams such as M&A , ECM , DCM , and Leveraged Finance , we continue to get questions about capital markets vs. investment banking. The questions usually go like this: Are capital markets teams (ECM, DCM, and LevFin) “real” investment banking?

Banking 59
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Age and Investment Banking: When Is It Too Late to Break Into the Industry, and What Should You Do If You’re “Too Old”?

Brian DeChesare

There are few topics as heated as age and investment banking. What should I do with my life if I’m too old for banking?”. If you are older than these age ranges and still want to win a traditional investment banking role, you should start by asking yourself, “Why?” Instead, it mostly produces comments such as: “Am I too old?

Banking 98
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2022 End-of-Year Reader Q&A: Bank and School Rankings, the “New Normal” Environment, Twitter and Other Bad Deals, and Plans for Next Year

Brian DeChesare

Just look at the financial markets, the crypto meltdown, deal volume at banks, inflation, energy prices, Russia/Ukraine, supply chains, and the hiring environment in tech and finance. But let’s start with my favorite topic: “ranking” banks, schools, and maybe a TV series or three. Bank, School, Dragon, and TV Rankings.

Banking 80
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Oil & Gas Investment Banking: The First Victim of the ESG Cult?

Brian DeChesare

With the possible exception of FIG , oil & gas investment banking generates the highest number of panicked emails and questions. Isn’t the entire world going to stop using fossil fuels immediately and switch to solar power for everything?”. Different banks classify their oil & gas groups differently.

Banking 82
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Private Equity Mega-Funds: The Best of the Best?

Brian DeChesare

Recruiting: If you don’t work in one of the top groups at a bulge bracket bank (or an elite boutique ), you don’t have much of a chance at these firms. For example, if you’ve worked in a good industry group at a bulge bracket bank, you could recruit for these firms. Why Work at a Private Equity Mega-Fund?

Equity 52
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Private Equity in China: The Worst of Both Worlds?

Brian DeChesare

As with investment banking in Hong Kong , I can summarize private equity in China in one sentence: “If you’re not Chinese, don’t even think about it, and even if you are Chinese, it’s best if you have great connections within the CCP and want to stay in China long-term.” is better for domestic funds. for a few years.

Equity 70