Investment Banking – Capital Markets Manish Shrijit Vishal

Role of Investment Banks Investors Financial Intermediaries Insurance Companies, Mutual Funds, Banks Corporations

Industry Structure IBD Capital Markets Others Private equity Hedge funds Fixed Income Equity Securitised Products

Roles and Jobs - Desks StocksBondsFunds 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