Industry Descriptions

  • Investment Banking

    A service-based industry focused on raising capital for companies. Through this process, the main task is to value the company. Investment banks facilitate mergers and acquisitions and aid in the sale of securities (equity and debt).

    Key Recruiters: Goldman Sachs, JP Morgan, Morgan Stanley, Citigroup, Barclays, Credit Suisse, Evercore, Jefferies, Lazard, TPH, Moelis & Company, UBS

    Key Skills: Strong understanding of industry sector or product group, high-level financial modeling and slide deck building skills.

  • Management Consulting

    A service-based industry focused on delivering solutions to companies looking to improve performance. These solutions can include a wide range of areas such as developing an entry strategy into a new market, pricing a new product, or simply understanding why a company isn’t making as much money as it should be.

    Key Recruiters: McKinsey & Co., Bain & Co., Boston Consulting Group, Deloitte, Accenture, Oliver Wyman

    Key Skills: Varies by project – Can range from in-depth financial analysis to client-based interpersonal skills. Excel and Powerpoint skills, in addition to team focused problem-solving.

    RBS Consulting Resources

  • Commercial Banking

    Banks that offer a large range of financial services for businesses, organizations, and individuals. They have deposit and savings accounts and give out loans to all forms of customers.

    Key Recruiters: Chase, Wells Fargo, Citibank, Comerica

    Key Skills: Interpersonal and sales skills, financial modeling, valuation, credit analysis.

  • Sales and Trading

    There are two parts. The first part, sales, involves pitching the firms ideas to clients to sell securities and build relationships with clients. The second part, trading, involves exchanging securities, either with the firms capital or for a certain client.

    Key Recruiters: Credit Suisse, Bank of America – Merrill Lynch, Wells Fargo

    Key Skills: Ability to negotiate with clients, research the market, and extract meaningful data and trends.

  • Quanitative Finance

    Applied mathematics, specifically with regards to the financial markets. This industry relies on utilization of numerical methods and computer simulations to identify advantageous trading opportunities.

    Key Recruiters: WorldQuant, D.E. Shaw & Co., Two Sigma, AQR Capital, QuantLab

    Key Skills: Mathematical and statistical understanding of derivatives within the context of the financial markets, algorithm development, etc.

  • Marketing

    An industry that involves the creation, distribution, promotion, and pricing of goods, services, and ideas. The core of this business is satisfying the customer (you).

    Key Recruiters: Internal and specific to company

    Key Skills: Strong communication abilities, creativity, understanding of the market environment.

  • Accounting

    The main task of this industry is to prepare and examine financial records for companies. They make sure these statements are accurate and published on time.

    Key Recruiters: “The Big Four” (Ernst & Young, Deloitte & Touche, Arthur Anderson, KPMG, PriceWaterhouseCoopers)

    Key Skills: Attention to detail, understanding of finance.

  • Wealth Management

    This industry deals with offering professional advice and services to help high net-worth individuals manage their wealth. These types of services include financial planning, investment management, and advice on pensions, trusts, inheritances, and tax bands.

    Key Recruiters: Bank of America Merrill Lynch, JP Morgan, Goldman Sachs

    Key Skills: Strong communication skills, relationship management.

  • Human Resources

    The Human Resources department of a business directs all employee-related activities within the organization, including helping find, screen, recruit, and train applicants and new-hires, administering employee-benefit programs, and overseeing compensation packages.

    Key Recruiters: Internal and specific to company

    Key Skills: Strong grasp on organizational skills and time management, apt communication abilities.

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