Informational article about the Financial Services Industry with a focus on New York City.
Financial Services Sectors
- Accounting
- Asset Management
- Alternative Asset Management – management of investments other than traditional stocks, bonds, cash, and real estate. Refers to private equity, hedge funds, commodities, and derivatives. Might also refer to investments in art, wine, antiques.
- Capital Markets
- Corporate Banking
- Hedge Funds
- Insurance
- Investment Banking
- Private Equity/VC
- Real Estate
- Retail Banking
- Risk Management
- Sales & Trading
- Strategy/Corporate Development/M&A
- Tax Accounting
- Wealth Management
Investment Banking
Bulge Bracket
- Goldman Sachs
- JP Morgan
- Morgan Stanley
Middle Market
- Piper Jaffray
Boutique
- Sandler O’Neil
Notable New York Firms
Blackstone Group
Alternative Investment Management and Financial Advisor. Founded in 1985 by Stephen A. Schwartzman and Peter G. Peterson. 17 global offices, headquartered out of 345 Park Ave, NY, NY 10154 (51st & Park).
Goldman Sachs
The elite of the elite, Goldman is known as the Cadillac of the sector. An internship or position at Goldman is a highly sought after prize. This is often an unreachable goal without an Ivy league degree or top 20 MBA, but there are exceptions.
Finance Services General References
- Wikipedia
- Careers in Investment Banking
Private Equity
I am currently doing some finance review to refresh some areas from my MBA curriculum three years ago and I’ll share the summaries here in case it is helpful for others. This article will focus on the Private Equity space within Alternative Asset Management.
Blackstone is recognized as an innovator in the Private Equity segment as it is now recognized as a core component of the finance industry.
Private Equity References
- Cendrowski, Martin, Petro & Wadecki (2008). Private Equity: History, Governance, and Operations. John Wiley & Sons, Inc. Hoboken, NJ.
- Wikipedia
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