johnjacobjingle

I'm looking at different segments in banking:

Real Estate
S/T
IBD
DCM
Asset Mgmt
Securitization/Origination
Public Finance
Global Capital markets
Global Transaction Services
Private Bank
Research

My question is, which sections are especially difficult to get into, and which ones are easier?

johnjacobjingle

anyone...............?

EECS@JHU

Traditionally IBD and S/T are hard to get into. For other divisions it might depend on the bank, some banks are famous of securities so it might be harder to get into that division. But generally at the analyst level, all should be equally hard to get into except maybe IBD, S/T and maybe DCM - which should be slightly harder.

johnjacobjingle

thanks for your help

ixjunitxi

Traditionally this is the level of difficulty..however could vary by bank

IBD---highest standards (gpa/sat)
Global Capital markets ( ...even after interview..MUST take CFA... no pass=no job)
S/T (most techinical)
Research (requires most knowledge of financial markets)
Asset Mgmt (middle office)
Private Bank
Securitization/Origination
Public Finance
Global Transaction Services (cool name for back office/opps guys)




DCM (this is part of campital markets)
Real Estate ( what kind of real estate?).

kotchian123

Why would you place Global Capital Markets above S&T?

Majayiduke09

DCM/ECM essentially bridge between IBD and the capital markets -- whether debt or equity.

One thing that needs to be noted is that some banks designate them differently.

For example DCM/ECM are grouped as product groups under Lehman's IBD, while Citigroup, for example, does not -- putting it under "Global Capital Markets."

In regards to Real Estate, it depends. For example, there is a Real Estate PE group at many BBs (e.g. Lehman), and then there is an actual IBD Real Estate Group.