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 |
|---|---|
| Restructuring Investment Banking (RX) Explained | 15 guides |
| Types of Investment Banking Groups Explained | 13 guides |
| Coverage vs Product Group in Investment Banking | 13 guides |
| Leveraged Finance: What LevFin Does and Why PE | 12 guides |
| Debt Capital Markets (DCM): What It Does | 11 guides |
14 guides
Investment 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 · 11 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 · 11 min readGroupsLeveraged Finance: What LevFin Does and Why PE
Leveraged finance explained: what the LevFin group does, leveraged loans vs high-yield bonds, leverage ratios, and why it's a top private equity feeder.
May 20, 2026 · 11 min readGroupsRestructuring Investment Banking (RX) Explained
Restructuring investment banking explained: what RX does, debtor vs creditor mandates, why it's countercyclical, and the RX-specific 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, the analyst role, ECM vs M&A, and what to know for ECM interviews.
May 18, 2026 · 11 min readGroupsDebt Capital Markets (DCM): What It Does
Debt capital markets (DCM) explained: investment-grade bond issuance, credit ratings, the analyst role, and how DCM differs from LevFin and ECM in banking.
May 17, 2026 · 11 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 · 9 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 · 10 min readGroupsMergers and Acquisitions (M&A) Banking Group
What the M&A investment banking group does: sell-side and buy-side advisory, the deal process, how it differs from coverage groups, and the technicals.
May 5, 2026 · 11 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 · 11 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.