what is investment banking?
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Investment bankers are financial professionals who work with high net worth individuals or corporations.  \n\nLarge investment banks include: JP Morgan Chase, CIVC Capital Partners, BancAmerica, KKR, Platinum Equity, and Jordan Industries.  These banks or groups, sometimes known as Private Equity groups, represent a spectrum of investment banking.  There are many other smaller investment banks.\n\nServices provided by investment bankers include: mergers & acquisitions, public offerings, valuations, and many other professional services.  \n\nInvestment bankers in lower positions (analysts, associates) typically work long hours 80+ per week, and focus on financial documents, client presentations, and research of companies.  Middle management bankers (VP's, Directors) focus on client meetings, managing subordinates, and generating new business leads through networking.  High level investment bankers (Managing Directors, Vice Presidents, Presidents), typically lead strategy meetings, meet with investors and bank managers, as well as manage their firms.\n\nIf you are thinking of a career in investment banking do it while you are young and single.  Also, this is a job dominated by men (90%+), not because investment banks do not hire women, but because they usually quit after a year.  It is a very high stress and high energy job that requires much resilience and 'strong skin.'
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Nope.\nCheck out all the negative coverage Quicken Loans has received because of this practice,\n\nhttp://www.google.com/search?q=%22quicken+loans%22+%22good+faith+deposit%22&hl=en&lr=
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Hi Dave,\n\nI saved an article a while back that addressed this same question. Basically it has to do with the required reserves that banks must have because they take your deposits (and due to the nature of the business).  The article is below but is missing the related tables that it references.  Email me at bimmayute1@yahoo.com and I'll send you the article (word doc).\n\nNicholas\nnsmconsulting.net\n\n\n\nBy Vitaliy Katsenelson, CFA\n02/10/2006 \nInvesting in the stock market is a never-ending learning experience. That's what makes it so appealing and intellectually stimulating. And I inadvertently had one of those live-and-learn experiences just the other day. \nIn my piece on Lloyds TSB(NYSE: LYG), I wrote that banks usually trade at lower price-to-earnings ratios to the market because they are considered riskier investments as a result of their high use of debt. That line caught the eye of Foolish financial editor Joey Khattab, who asked writers Stephen Simpson and Nate Parmelee whether they agreed with my logic. Both disagreed. They argued that larger banks have lower P/Es generally because they are perceived to have a slower or more limited growth potential. \nAt first, I thought there might be a conspiracy of Fools at work against me! So I asked several investment professionals for their opinion. And to my amazement, they all agreed with the Fools. \nSo I looked at some larger banks to see whether they had been slow growers in the past, and I couldn't reach that conclusion. Many of these banks, in fact, had achieved very respectable earnings growth and paid above-average dividends in the process. I then looked at expectations for future earnings growth, and they appeared not to be below average, either. With the exception of Fifth Third(Nasdaq: FITB), which Wall Street once loved to love and now loves to hate, the rest of the pack was trading at a substantial discount to the market and still are. \nInstitution 10-Year Avg. EPS Growth Rate Median 10-Year P/E Current Dividend Proj. EPS Growth \nCitigroup18.6% 15.3 3.8% 10% \nU.S.Bancorp(NYSE: USB)\n17.5% 14.3 4.5% 10% \nFifth Third15.8% 22.7 4.1% 10% \nWells Fargo(NYSE: WFC)\n12.8% 15.6 3.4% 11% \nBank of America(NYSE: BAC)\n9.3% 13.4 4.5% 9% \nAmsouth8.7% 12.8 3.7% 8% \nRegions Financial(NYSE: RF)\n4.6% 13.7 4.0% 8% \nWachovia(1.6%) 13.6 3.9% 10% \nJPMorgan Chase(NYSE: JPM)\n(2.7%) 15.0 3.6% 10% \n\nThe answer must be more complex than just the growth rates. I believe the answer to banks' lower P/Es lies in the following four factors. \n1. Cyclicality \nThe banking business is closely tied to the health of the economy. As the economy expands, demand for loans increases and bad debt declines -- a combination that improves banks' profitability. In a contracting economy, of course, the reverse takes place. \nBecause investors pay up for predictability, they rarely pay a full market multiple for the volatility that comes with cyclical companies. Cyclical heavy-industrial companies like Caterpillar and Ingersoll Rand, for example, usually trade below the market P/E just as a many banks do. \n2. Financial leverage \nWe have not had a bank crisis in the U.S. for a while, so most investors have forgotten just how risky banks can be. But as Warren Buffett has said, by the time you find out a bank has a problem, it will be too late. The equity at most banks stands at meager 6%-10% of total assets, so when a bank does make a mistake, its high leverage amplifies the problem. \n3. Interest rate volatility \nBanks are subject to the risks that come with changing interest rates. They prosper when the difference between long-term and short-term rates -- in other words, the interest rate spread -- is high. However, when that spread narrows, it becomes increasingly difficult for banks to make any money. Many banks have addressed the problem by boosting their fee businesses. For example, fees account for a full 46% of U.S. Bancorp's income, thereby making the com
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An investor, or a Bond Holder. Or an Investment Banker.
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hedge fund generally refers to a lightly regulated private investment fund sometimes characterized by unconventional strategies (e.g., strategies other than investing long only in bonds, equities or money markets). They are primarily organized as limited partnerships, and previously were often simply called "limited partnerships" and were grouped with other similar partnerships such as those that invested in oil development.
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LIBOR is an abbreviation for "London Interbank Offered Rate," and is the interest rate offered by a specific group of London banks for U.S. dollar deposits of a stated maturity. LIBOR is used as a base index for setting rates of some adjustable rate financial instruments, including Adjustable Rate Mortgages (ARMs).
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It refers to the practice of recording financial transactions into various journals or ledgers.  Just the raw financial data, no analysis on it yet.
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In view of a professional banker, followings are para banking:-\n\n1. Banking Business without valid permission of Regulatory  Authorities.\n\n2. Money Laundering.\n\n3. An employee of a Bank or Financial Institution who collect money from account holders but does not deposit it in the bank's Cash Book and invests that money in his own business.  He maintains a separate record of such deposits tactfully and does not give any chance of complaint against him at the time of drawing of money by the depositor who understand that he has deposited his money with bank and is not a victim of para banking.
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Finance is the management of money and other assets.
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Depends on how you define "fun"...\n\nAlso consider Investment Banking, Management Consulting, Financial Advisor\n\nInvestment Banking: long & unpredictable hours, tedious work, people can be arrogant, ridiculously huge compensation\n\nManagement Consulting: long hours, lots of travel, generous compensation\n\nFinancial Advisor: decent hours, it might take some time before you make any money, not as intense as IB/MC, great money can be made, but it's much more variable than with IB/MC
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It lends money to banks and collects interest.
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You need to investigate what your state laws are.  Banking is a very tightly regulated industry.  Most states limit how many "loans" an "individual" can make of even their own money before they want some level of regulatory control.  They don't want any "loan sharking" -  "Investment Banking" is a different animal - IB you act as much more of a "deal maker" than a "banker" - unless your Goldman and have the capital and man power to roll out private placements and IPOs - you will start acting more as deal broker.  One can NOT understate the importance of following the letter of the law regarding lending laws - fraud and consumer protection are front and center right now in the world of banking.
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An intraday debit is a transaction settlement account at a clearing bank and/or at a clearing house or central bank.  It is usually an overdraft which is covered.  In your case, it just sounds like the check cleared through the account.
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Banks play a very important role in an econmy in a few ways\n\n1. It controls the flow of Money thereby curbing Inflation\n2. It provides Loans for improving infrastructure\n3. They help the govenment keep track of money thereby pinpointing Black Money to its owner\n\nFor more info contact Indotan@Gmail.com
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I think that you are a little over ambitious. For investment banking, you need a good degree in order to get an interview that will get you started on the selection process. This is very rigorous and will probably involve at least a day of assignments and presentations plus preparation. A top investment bank will probably offer jobs to about 15% of those who reach the selection stage.
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Venture capital is capital provided by outside investors for financing of new, growing or struggling businesses. Venture capital investments generally are high risk investments but offer the potential for above average returns. A venture capitalist (VC) is a person who makes such investments. A venture capital fund is a pooled investment vehicle (often a partnership) that primarily invests the financial capital of third-party investors in enterprises that are too risky for the standard capital markets or bank loans.
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Heh.  The question was about jobs, not trading strategies.\n\nYou could try compliance if it interests you.  To me, that's not very interesting, but to each her own.  It also depends on what you see yourself doing in maybe 10 years.  If you still think you would be interested in compliance, go for it.  I don't know if there's that much upward mobility, though, if you want to move up the chain in a few years.\n\nInvestment banking is mainly acting as a saleperson if you're part of the actual banking division.  They try to get clients to use that bank to finance deals.  So, if you're great at sales, then i-banking might be a good field.\n\nI know the actual government doesn't have great job prospects, but maybe you could find your niche at some other corporation that is to your liking but you can still apply some of your government knowledge.  It's kind of tough to recommend anything without knowing more.