How do you get into an investment bank bulge bracket?

7 Steps To Breaking into Investment Banking

1. Step 1: Win “Steppingstone” Internships or Jobs.
2. Step 2: Craft Your Story.
3. Step 3: Bankify Your Resume/CV.
4. Step 4: Network Your Way into Interviews and Offers.
5. Step 5: Prepare for Investment Banking Interviews.

Is Wells Fargo a bulge bracket bank?

Wells Fargo is the classic example of the “In-Between-a-Bank”: Technically, it’s not a bulge bracket, but it’s also not a boutique or middle market firm.

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.

Why do elite boutiques pay more than bulge brackets?

Generally speaking, elite boutiques are going to pay more than bulge brackets. That’s because there’s less corporate heft and fewer administrative bodies. Importantly, many elite boutiques were founded with the principle that partners and employees should receive a greater proportion of the deal fee (vs.

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.

Is Jefferies elite boutique?

Middle Market and Other Full-Service Banks are not Elite Boutiques. This explains why firms like Wells Fargo, RBC, HSBC, Jefferies, Houlihan Lokey, Harris Williams, etc. are not on this list.

Is Nomura a bulge bracket?

Bulge-bracket firms in tier one include Goldman Sachs, Bank of America, Morgan Stanley, J.P. Morgan, Citi, Barclays, Credit Suisse, UBS, Deutsche Bank and Nomura.

What is a bulge bracket banker?

Bankers at bulge brackets are assigned one of these groups so they can “specialize” in a service for the bank’s clients. However, the bank itself hires a large number of bankers in comparison to smaller banks so they can offer all services to clients.

Why don’t regional boutiques replace Bulge Bracket investment banks?

Because of the small size of most regional boutiques, they do not typically offer all the services offered by bulge bracket investment banks, and may simply specialize in a single area, such as handling M&As in a particular market sector.

Is it better to work in a bulge bracket or boutique?

Because of the work-life balance advantage at boutique banks, there is generally less employee turnover. Both bulge bracket and boutique banks have their benefits and drawbacks. Aspiring investment bankers should consider these when applying for positions.

Do Bulge Bracket banks hire from unknown state schools?

For example, if you have a 3.0 GPA at an unknown state school, it is unlikely that you’ll win offers at the bulge bracket banks. Yes, networking aggressively and starting early with your internships will help, but the odds are still against you, so you shouldn’t target these firms exclusively.