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Corporate investment banker: Typical employers/vacancy sources

Typical employers

Banks may be ‘pure’ (e.g. dealing only with wholesale banking) or ‘universal’ (e.g. handling both wholesale and retail banking for clients). Within London, investment banks may now be split into four main categories:

• US 'pure' investment banks, e.g. Goldman Sachs.
• US 'universal' banks, e.g. Citi and JP Morgan.
• UK and EU universal banks, e.g. Deutsche Bank and Societe Generale.
• Specialist independent banks, e.g. Lazard and Rothschild.

When choosing which banks to apply to, consider the size of the organisation. Citi, for example, has around 325,000 employees globally and JP Morgan employs 160,000 people worldwide. Meanwhile Rothschild has just over 2,000 staff. A larger bank obviously means working on much larger accounts but career progression may be more rapid in a smaller company. It is also worth looking at the bank's reputation. Some companies are strong in mergers and acquisitions, while others are renowned for their work in debt capital.

Other employers offering relevant experience include stockbrokers, the Financial Services Authority (FSA) , The Bank of England , the London Stock Exchange (LSE) , investment firms and venture capital firms.

Sources of vacancies

Search graduate jobs on this site.

• eFinancialCareers  
• Inside Careers: Banking, Securities & Investments (http://www.insidecareers.co.uk/__802574d8005177b3.nsf!opendatabase)  
• Careers in Financial Markets  
• TARGETjobs City and Finance 
• Prospects Finalist  
• Companies' own websites and graduate brochures.

Vacancies are also advertised in the financial job pages of the broadsheets such as Times Online and the Financial Times and in supplements of the national press, e.g. The Guardian Graduate section on Saturdays.

There are some specialist recruitment agencies that deal with investment banking opportunities, such as City Jobs . See the Recruitment and Employment Confederation (REC) for further recruitment agencies.

See also job hunting tips and applications, CVs and interviews.

AGCAS

Written by Tara Christopher, AGCAS

Last updated:

July 2010

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