What is merchant Banking

I have seen somewhat conflicting/confusing definitions. To add to the confusion, it seems to have different definitions in US vs UK.

Is it simply identical with IBD? Does it overlap with PE? Or it somewhat like its own unique animal.

I'll appreciate answers that specified what the term usually means in each geography (eg., London). What then does GS Merchant banking Division precisely do? Is Rothschild's Merchant banking simply made up of subsidiaries that happen to include PE? Or is Rothschild's Merchant banking simply the name of the entire HoldCo? Or does Rothschild's Merchant bank include its IBD

 

Dolor id ea provident ut deleniti voluptate. Velit vero nisi at accusamus dolores non minus officiis. Numquam aliquam in error ut nobis.

Career Advancement Opportunities

July 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Warburg Pincus 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

July 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

July 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

July 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $268
  • 1st Year Associate (390) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (317) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”