Despite the demanding working style, cut-throat competition, and the long hours involved, investment banking continues to attract tons of job applications every year. An investment banker works with companies on large corporate transactions such as mergers & acquisitions, capital markets, fundraising, IPOs, and investments in general.
But why exactly the gravitation to investment banking? Its challenges aside, investment banking offers generous financial rewards, a high growth potential, and, hence, remains a very prestigious career choice.
Assuming you are an aspiring investment banker, how should you go about selecting the most suitable investment bank to start your career with? Some of the critical aspects which you can consider while selecting an investment bank could be: culture, compensation, prestige, core areas of focus, overall satisfaction, work-life balance, and training. Based on these criteria, here are the top investment banks you can consider to launch your career:
JP Morgan Chase
JP Morgan Chase & Co. is the largest among the ‘Big 4 Banks’, with assets under management crossing $3.7 trillion, at the end of FY 2021. The current structure of the bank came into existence in December 2000, when JP Morgan and Chase merged to form JP Morgan Chase & Co. The massive corporation has two parts. Chase focuses on consumer and commercial banking whereas JP Morgan is focused on core investment banking and investments and is known for its work in the field of mergers and acquisition JP Morgan’s CEO Jamie Dimon is one of the most respected CEOs in the industry, which is a lucrative draw for investment banking applicants.