High Finance Thread

Originally Posted by Unregistered

You think corporate banking is prestigious?

Way more prestigious than ops with no career progression...

How are the different FO roles ranked against each other? E.g. PE vs IB, S&T, etc. Which are the most prestigious finance roles?

Originally Posted by Unregistered

How are the different FO roles ranked against each other? E.g. PE vs IB, S&T, etc. Which are the most prestigious finance roles?

Investment Banking > Global Markets > Private Banking > Wealth/Asset Management > Corporate Banking > Commercial Banking > Retail Banking

Feel free to add on your inputs if you have any.

Originally Posted by Unregistered

Investment Banking > Global Markets > Private Banking > Wealth/Asset Management > Corporate Banking > Commercial Banking > Retail Banking

Feel free to add on your inputs if you have any.

This seems to be the banking side? What about the Investment Management side like Asset Management, Hedge Funds, PE, VC ranked against banking?

Originally Posted by Unregistered

Investment Banking > Global Markets > Private Banking > Wealth/Asset Management > Corporate Banking > Commercial Banking > Retail Banking

Feel free to add on your inputs if you have any.

But agree on your assessment on the banking side. I assume Commercial Banking is the same as SME banking?

Originally Posted by Unregistered

You think corporate banking is prestigious?

Corporate Banking is actually decent and not easy to get in for foreign banks.

Originally Posted by Unregistered

Investment Banking > Global Markets > Private Banking > Wealth/Asset Management > Corporate Banking > Commercial Banking > Retail Banking

Feel free to add on your inputs if you have any.

Corporate Banking earns more than AM/WM at some places.

Originally Posted by Unregistered

Investment Banking > Global Markets > Private Banking > Wealth/Asset Management > Corporate Banking > Commercial Banking > Retail Banking

Feel free to add on your inputs if you have any.

Where does project finance/infrastructure finance falls under?

Originally Posted by Unregistered

Corporate Banking earns more than AM/WM at some places.

There is a lot of confusion between Asset Management and Wealth Management. Wealth management is done by the sell side banks and they serve individual customers be it retail or accredited investors. Asset management refers to buy side ong-only asset management firms and they serve accredited or institutional investors. These are typically trillion dollar asset managers like blackrock, vanguard, etc.

Wealth management or corporate banking in banks typically pays 5-7k for graduate programs. Asset management companies such as cap group or wellington pays 10k for their fresh grad analysts. Huge difference in prestige and pay.

Originally Posted by Unregistered

Where does project finance/infrastructure finance falls under?

Below Markets as the deal sizes just isn't big enough regionally.