Market Overview of Investment Banking in Atlanta
Like Boston and San Francisco, Atlanta is one of the most significant places to be an investment banker.
Atlanta is a bigger city. It means it would be easier if you were looking for an investmentInvestmentInvestments are typically assets bought at present with the expectation of higher returns in the future. Its consumption is foregone now for benefits that investors can reap from it later.read more career. A bigger city would not only have bulge bracket investment banks, but it would also have bigger boutique investment banksBigger Boutique Investment BanksThe top boutique investment banks are - Perella Weinberg Partners (Global M&A Advisory – Boutique), Lazard (Global M&A Advisory), Rothschild (Global M&A Advisory – Boutique), Evercore Partners (Global M&A Advisory – Boutique), Greenhill & Co. (Global M&A Advisory – Boutique, Blackstone (Global M&A Advisory).read more. That means you could get into a boutique firm quite easily. You will also be able to avail yourself of multiple internship opportunities if required.
The culture in Atlanta is almost similar to New York. But Atlanta is not as intense as New York is in terms of investment banking. So, for example, although working hours are mostly identical in bulge bracket investment banks, in a few firms, the working hours are fewer than the average working hours in New York.
If you are doubtful and do not see any opportunities in the boutique or bulge bracket investment banksBulge Bracket Investment BanksTop 10 bulge bracket investment banks are - Blackstone, Goldman Sach & co, Morgan Stanley, J.P Morgan Chase & co, Bank of America Merrill Lynch, Credit Suisse, Citi, Deutsche Bank, HSBC, UBS.read more, you should aim for the southeast region of Atlanta. Many small investment banks have been doing great work in the southeast region. So you can try out for them to start your career. And later can give interviews for bigger and better.
Services Offered by Investment Banks in Atlanta
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Though many investment banks in Atlanta offer a whole gamut of services, here are the few significant services provided by the most investment banking in Atlanta:
- Capital Raising: Raising and managing capital is one of the most important functions of any business. The investment banking in Atlanta helps its clients raise and manage the capital effectively through private equity placements, debt placements, public offerings, and loan placements.Mergers & Acquisition Advisory: To expand one’s business, a company needs to look for different alternatives. And it can be in the form of a merger with another homogeneous competitor or acquiring a low-key enterprise that may be a threat shortly. The investment banking in Atlanta first looks at the clients’ long-term goals, find out the issues that may affect the transactions, and then create a deal that supports both the shareholdersShareholdersA shareholder is an individual or an institution that owns one or more shares of stock in a public or a private corporation and, therefore, are the legal owners of the company. The ownership percentage depends on the number of shares they hold against the company’s total shares.read more and the society at large.Strategic Planning: This is the most critical part of any business. How to strategize so that every move makes them more competent and expansive? The investment banks in Atlanta look at the regulatory environment and several transactions and sit with board membersBoard MembersBoard members comprise the individuals whom the shareholders elect as their representatives. They are responsible for taking crucial corporate decisions regarding the company’s policies, dividend payouts, top-level managers’ recruitment or layoff and executive compensation.read more to find out what the company is looking for.Company Valuations: Many companies look for an accurate valuation so that they can plan to liquidate if required. Investment banking in Atlanta helps the companies find out the actual value of the company and help them liquidate without any hassle.
Top Investment Banks in Atlanta
Here is the list of top investment banks in Atlanta:
- VercorBrookwood AssociatesNeri Capital PartnersFD Capital AdvisorsCroft and BendersBarclaysSuntrust Robinson HumphreyHarris WilliamSterne AgeeRaymond JamesMorgan KeeganGoldman SachsCantor FitzgeraldHoulihan LokeyHammond Hanlon Camp LLCCoker Capital AdvisorsCary Street PartnersMazzone & AssociatesThe Inman CompanyTM CapitalKurt Salmon Associates Capital AdvisorsGenesis Capital LLC
Recruitment Process of Investment Banking in Atlanta
The recruitment process in Atlanta is not very intense like the investment banking jobsInvestment Banking JobsThe investment banking job description is a formal narrative that lists out the essential qualification, basic skills and technical skills required in a candidate to fill in the vacant investment banker position. It also explains the roles and responsibilities to be performed in this job position.read more in New York. There are two differentiating factors behind this:
- First, the number of investment banks is huge in Atlanta.Second, there are many small investment firms in Atlanta and bulge bracket investment banks.
Due to these reasons, you need to ensure you are networking well. If you feel that you are not from a top-notch school and cannot get into a big investment bank right now, look for a small firm in the southeast region. And then have some hands-on experience. Then, you can gradually work your way up.
Another factor that is important here is the internships. Have as many internships as possible at the beginning of your career. It will help you understand each domain of work under investment banking. And as a result, the opportunities will also be magnificent because of your hands-on experience.
Culture in Investment Banking in Atlanta
In Atlanta, if you are working as an investment banker, 100+ days would be traveling days (especially if you are in a higher rung). But, at the same time, you need to reach the office around 7:30 a.m. and go back home when you have done the jobs of helping clients, creating reports, meeting prospects, and so on.
That means you will be working around 90+ hours a week, month after month. And if you complain about extraordinary working hours, you can find a different domain in the financial industry.
Investment Banking Salaries in Atlanta
The average salary for an investment banker in Atlanta is quite handsome. According to Indeed.com, the average salary of an investment banking analyst in Atlanta is $148,274 per annum. Compared to other cities in the US, this amount is quite handsome.
Exit Opportunities for Investment Banking in Atlanta
People do not tend to quit their investment banking jobs in Atlanta and do something else. But, if they do, they can look in the corporate finance industry or start a position in a company. Else, they can also create their entrepreneurial venture.
Since Atlanta has many opportunities for investment banking, people tend to stick to their jobs and look for a higher rung rather than a different work domain.
Recommended Articles
This article is a guide to an overview of Investment Banking in Atlanta, the recruitment process, salaries, and investment banks in Atlanta exit opportunities. You may learn more about investment banking from the following articles: –
- Investment Banks in BostonInvestment Banks in San FranciscoInvestment Banks in BrazilInvestment banks in ChinaInvestment Banking in Toronto