Welcome to IBankingFAQ

To those of you who are still in the interview process for summer internships, good luck! And my congratulations to those of you who have accepted offers.

I’ve made some changes to the home page of IBankingFAQ (the page you’re on now) so it’s not so static. I intend to use this top section to highlight any changes or updates to the site and other communications to readers.  The old home page is the About page, where you can read about the site.  Below this section is a random FAQ that will change whenever you refresh the page.

You may have noticed a new purple banner at the top of the screen advertising a new self study program that I’ve developed to teach basic financial modeling.  This is something that has been in the works for a while and I’m pretty excited about it.  You can learn more about the Financial Modeling Self Study Program.

As always, I look forward to your comments/suggestions/questions and emails (andrew [at] ibankingfaq.com).

Random FAQ: What is the typical hierarchy/ladder within an investment bank?

Just about all investment banks have the same strict hierarchy or ladder of professionals.  From junior to senior, the typical hierarchy is (1) Analyst, (2) Associate, (3) Vice President, (4) Senior Vice President/Director and (5) Managing Director.  Some banks deviate from this hierarchy a bit, for example having the Senior Vice President and Director be separate positions.  Other banks, especially non-U.S. banks, have the same hierarchy but with somewhat different names for each position (Associate Director for Associate, Director for Vice President and Executive Director for SVP).  One exception for U.S. banks is that Bear Stearns calls the Senior Vice President/Director position a Managing Director, and calls Managing Directors, Senior Managing Directors.  However, regardless of the names, the general job functions of each relative position tend to be consistent bank to bank.

View more frequently asked questions about: About Investment Banking.