Industry groups cover all companies in a specified industry, but have exposure to a variety of products including debt, equity, and M&A. Financial Sponsors is a unique coverage group as it does not cover a specified industry but instead serves only Private Equity firms.
What is coverage group in investment banking?
Investment bankers are often split into two categories, coverage and product groups. Being in a coverage group, means you specialize in a particular market industry and work on variety of financial deals within that market.
Is coverage part of investment banking?
Investment Banking is about providing strategic advice to corporate and institutional clients. The teams within this part of the organization are focused by industry coverage — e.g., Technology, Telecom, Media, Financial Institutions, Financial Sponsors, Industrials, Power & Engergy, etc.
What does coverage mean in banking?
Coverage banker refers to bankers who literally cover an industry or a country – they look at new trends/developments and continually pitch their advice to the client.
What is the best group in investment banking?
In this case, we can only really recommend two product groups as ideal – mergers & acquisitions and leveraged finance. Mergers and acquisitions has the best exits and bankers in this division are the most prepared.
What are the big 4 investment banks?
Largest full-service investment banks
- JPMorgan Chase.
- Goldman Sachs.
- BofA Securities.
- Morgan Stanley.
- Credit Suisse.
- Deutsche Bank.
What are coverage groups?
What Is Group Coverage? Group medical coverage refers to a single policy issued to a group (typically a business with employees, although there are other kinds of groups that can get coverage) that covers all eligible employees and sometimes their dependents.
How is an investment bank structured?
Investment banks are usually split into three sections: front office, middle office, and back office. The sections are divided based on their daily activities. … Activities in the front office include advising on mergers and acquisitions, providing capital raising strategies, sales and trading, and research.
What are the different types of investment banking?
The firms engaged in the investment banking industry are commonly classified into three categories: bulge bracket banks, middle-market banks, and boutique banks. Boutique banks are often further divided into regional boutiques and elite boutique banks.
What are the clients of investment banking?
Investment bank clients include corporations, pension funds, other financial institutions, governments, and hedge funds.
What is corporate banking coverage?
Corporate Banking is the sale and subsequent servicing of banking products and services to large corporations. … Corporate Banking is usually structured along product and coverage groups. Product groups specialise in certain products like capital markets, securities, trade finance etc.
What does global banking do?
Global banking departments issue, confirm, negotiate, and/or advise Letters of Credit on a daily basis, allowing for goods and services to be securely traded all over the world, every day.
What does a coverage investment banker do?
Investment Banking Work by Division – Industry Coverage Work
Tasks include presenting pitches and ideas to clients, preparing pitch books, writing industry reports, and executing transactions. Separate individual teams are usually assembled within an industry coverage group to handle specific projects for clients.