When you apply for a big investment bank, you’re not just applying for the bank itself. What matters just as much, if not more, is which group at the bank you get placed in.

There are industry groups, and then there are also product groups.

It can be confusing what the difference is, and how they split up the responsibilities or work together.

Watch me explain to my student the difference between the two types of groups, and how they both fit into the investment banking ecosystem.

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