Category
Groups
Investment banking group guides: how coverage and product groups like M&A, LevFin, and TMT differ in deals, hours, pay, and exits, so you pick the right desk.
Which group you land in shapes your deals, your hours, your exit options, and how technical your day is. These guides explain how the major coverage and product groups (M&A, leveraged finance, TMT, healthcare, restructuring, and the rest) actually differ in the work they do and the paths they open. Read them before you rank groups so your preferences are based on the real character of each desk, not just the name.
Most referenced in Groups
| Guide | Cited by |
|---|---|
| RX (Restructuring) Investment Banking Explained | 15 guides |
| Leveraged Finance: What LevFin Does and Why PE | 14 guides |
| Types of Investment Banking Groups Explained | 13 guides |
| Debt Capital Markets (DCM): What the Group Does | 13 guides |
| Coverage vs Product Group in Investment Banking | 12 guides |
15 guides
ECM vs DCM: Equity vs Debt Capital Markets
ECM vs DCM compared: what each capital markets desk does, the products, day-to-day work, comp and exits, and how to choose between them.
Sep 25, 2026 · 6 min readGroupsInvestment Grade vs High Yield Bonds Explained
Investment grade vs high yield bonds: the BBB minus cutoff, why the rating moves pricing, how the buyers differ, and what DCM interviews test.
Sep 11, 2026 · 8 min readGroupsHow IPOs Work: Process, Pricing, Timeline
How IPOs work: underwriter selection, S-1 filing, roadshow, bookbuilding, pricing, stabilization, and the quiet period. The ECM flagship deal end to end.
Sep 11, 2026 · 9 min readGroupsHow Corporate Bonds Are Issued: The Process
How corporate bonds are issued: mandate, ratings, documents, price thoughts, bookbuilding, pricing, and allocation. The DCM execution chain in one guide.
Sep 11, 2026 · 8 min readGroupsTypes of Investment Banking Groups Explained
The pillar map of investment banking groups: coverage (industry) groups vs product groups like M&A, leveraged finance, ECM, DCM, and restructuring.
May 22, 2026 · 12 min readGroupsCoverage vs Product Group in Investment Banking
Coverage group vs product group in investment banking: day-to-day work, deal exposure, modeling reps, and the pros and cons for skills and exits.
May 21, 2026 · 12 min readGroupsLeveraged Finance: What LevFin Does and Why PE
Leveraged finance explained: what LevFin does, leveraged loans vs high-yield bonds vs unitranche, the credit metrics interviews test, and career notes.
May 20, 2026 · 16 min readGroupsRX (Restructuring) Investment Banking Explained
RX investment banking explained: what the restructuring group does, debtor vs creditor mandates, why RX is countercyclical, and the RX interview topics.
May 19, 2026 · 12 min readGroupsEquity Capital Markets (ECM): What It Does
Equity capital markets (ECM) explained: IPOs, follow-ons, convertibles, block trades, how a deal runs, ECM vs DCM and syndicate, exits, and interviews.
May 18, 2026 · 17 min readGroupsDebt Capital Markets (DCM): What the Group Does
Debt capital markets explained: what the DCM group does, the products it issues, how a bond deal runs, DCM vs ECM vs LevFin, and interview prep.
May 17, 2026 · 15 min readGroupsTMT Investment Banking Interview Questions
Understand technology, media and telecom coverage, then practise sector-specific valuation questions with worked software and infrastructure examples.
May 16, 2026 · 10 min readGroupsFIG (Financial Institutions Group) Banking Guide
What FIG investment banking is: the financial institutions group, why bank and insurance valuation is specialized, and the unique technicals to know.
May 15, 2026 · 11 min readGroupsHealthcare Investment Banking: Groups & Deals
Healthcare investment banking explained: the pharma, biotech, medtech, and services subsectors, the deals each does, and how to prep for the interview.
May 14, 2026 · 11 min readGroupsMergers and Acquisitions (M&A) Banking Group
What the M&A investment banking group does end to end: pitching, valuation, the sell-side and buy-side process, deliverables, exits, and interviews.
May 5, 2026 · 15 min readGroupsReal Estate Investment Banking Explained
What the real estate investment banking group does: REITs, real estate M&A and capital raising, why valuation uses NAV, cap rates, and FFO, plus subsectors.
May 4, 2026 · 12 min readFrequently asked questions
Where should I start with Groups?
Start with the most-referenced guides in the table above. Other guides cite them most, which makes them the load-bearing pages of this hub. Then follow the related links at the end of each article into the next question.
How do these guides connect to practice?
Guides matched to a drill carry it inside the article: quick local reps or one AI-graded answer before signup. The rest link the exact practice surface at the end, so you never need a second tab to start.
How current is this hub?
Every guide carries its publish date, and substantive updates add a second updated date. Hiring processes change by cycle, so check the dated employer sources at the foot of firm guides before treating a format detail as current.