article thumbnail

Investment Banking 101: Understanding the Industry

Tom Spencer

Investment banking forms part of the financial services industry involved in the underwriting, distribution, and trading of securities. What Investment Bankers Do There are several key roles within investment banking, including corporate finance, sales and trading, and research.

Banking 88
article thumbnail

Wealth Management 101: The Hidden World of Private Banking

Tom Spencer

The financial services industry comprises firms that operate across a range of sectors: Asset & Wealth Management, Banking & Capital Markets, and Insurance. In simple terms, asset management firms are the ‘manufacturers’ of investment products (e.g., clients can purchase iShares on the RBC Wealth platform).

Banking 78
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Consulting or Banking

Tom Spencer

This post provides you with a high level comparison of management consulting and investment banking. Investment banks help companies raise money for various purposes including investment, acquisitions, and provision of working capital. People in the “sales and trading” division buy and sell financial products. Nature of the job.

Banking 60
article thumbnail

Management Consulting versus Investment Banking

Management Consulted

The cons of investment banking – the long hours, the repetitive and unengaging nature of the work, the lack of non-finance exit opportunities – mattered far more to me than a 6-figure salary. Banking salaries average 50-100% higher than consulting salaries , with the difference increasingly significant as your seniority increases.

Banking 272
article thumbnail

The Transformative Power of AI in Business

Tom Spencer

As a result, businesses are able to provide recommendations that simultaneously enhance customer satisfaction and increase sales revenue. Risk Management and Fraud Detection AI plays an increasingly crucial role in risk management and fraud detection , particularly in industries such as banking, insurance, and cybersecurity.

Data 147
article thumbnail

The Ups and Downs of a Career in Consulting

Tom Spencer

Consulting accelerates growth for ambitious careerists The learning and development opportunities afforded at MBB (the affectionate initialism given to McKinsey, Bain, and BCG) are pretty insane. Software engineers at Google and investment banking analysts at Goldman Sachs are more well-paid than entry level roles at MBB.

article thumbnail

Unemployed Agilists: How to Move from a Staff Role to a Line Job, Part 2

Johanna Rothman

In product development, line jobs contribute to the products themselves, which means they contribute to revenue. While managers can determine how different various developers, testers, UX, etc people are, very few managers can differentiate one agile coach from another. You should see SGA: Sales and General Administration—overhead.

Agile 99