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Job Titles in the Investment Banking Division (IBD)
There is a standard hierarchy within the IBD that’s nearly the same at most banks. The titles and career path at most banks are as follows:
Analyst – focused exclusively on financial modeling, valuation work, and pitch book support
Associate – manages the Analysts, also does modeling and drafts pitch books
Vice President – manages Associates, designs pitch books, goes to client meetings
Director – meets with clients, structures deals, leads the team
Managing Director – focused almost exclusively on winning new business/clients
To learn about compensation at each level check out our investment banking salary guide.
Additional Resources
This has been the CFI guide to how investment banks are structured and hopefully sheds some light on exactly what it means to be in the IBD. To keep learning and developing your career, we highly recommend these additional resources:
What Do Investment Bankers Do?
Investment Banking Interview Questions
Equity Research vs Investment Banking
Financial Modeling Guide
FMVA certification program
Advance your career in investment banking, private equity, FP&A, treasury, corporate development and other areas of corporate finance.
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