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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.
11 guides
Types 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 · 7 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 · 8 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 · 8 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 · 8 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 · 8 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 · 8 min readGroupsTMT Investment Banking: The Group Guide
What TMT investment banking is: the technology, media, and telecom group, its subsectors, the deals it runs, valuation metrics, and why it's so competitive.
May 16, 2026 · 7 min readGroupsFIG Investment Banking: The Group 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 · 7 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 · 7 min readGroupsMergers and Acquisitions Investment Banking
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 · 7 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 · 7 min read