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Investment Banking Group, University of Chicago Graduate School of Business

 
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What do investment banks do?

Investment Banks help companies raise capital (money) and advise on financing and merger alternatives.  In other words, and more simply, investment banks match parties that need money with parties that have money.  In practice, this can take many forms, including Initial Public Offerings, M&A, Syndicated Loans, Derivatives Trading, etc. The IBG Handbook includes more details about everything you want to know about investment banks (restricted access).

What opportunities are available for MBA students?

There are a variety of opportunities available at investment banks, much more than the corporate finance side of the business that most incoming students are familiar with. Most of the major Investment Banks have four primary areas:  Corporate Finance, Sales & Trading, Research, and Private Wealth Management.  Banks recruit at the GSB for summer and full-time associate positions in each of these areas. The IBG can help you figure out which business areas you may enjoy if you are unsure about which opportunities you want to pursue. Download the IBG Handbook for more details about the different positions available at investment banks (restricted access).

Which banks recruit at the GSB?

The short answer is, pretty much all of them. Many larger banks recruit for positions in their Europe and Asia offices in addition to their domestic offices. The list includes:

Banc of America Securities
Barclays Capital Inc.
Bear, Stearns & Co. Inc.
Blackstone Group
BNP Paribas
Citigroup/Smith Barney
Credit Suisse
Deutsche Bank
Dresdner Kleinwort Wasserstein
Goldman, Sachs & Co.
HSBC
Jeffries & Co.
J.P. Morgan Chase & Co.
JMP Securities
Lazard Freres & Co. LLC
Lehman Brothers
Lincoln Partners LLC
Macquarie Capital Partners
Merrill Lynch
Morgan Stanley
Piper Jaffray & Co.
RBC Capital Markets
Robert W. Baird & Co. Inc.
TD Securities
UBS Investment Bank
Wachovia Corporation
William Blair & Company LLC

Please visit the Chicago GSB Career Services website for detailed employment statistics.