Who Does What on an Investment Banking Deal Team?

Investment banking deal teams are hierarchical, but each level contributes something different. Understanding who builds the analysis, manages execution, communicates with clients, and wins business will help you follow deals more effectively and speak credibly in interviews.

Author: Ishaan Nair Updated 4 min read

How a Deal Team Is Organized

A typical deal team includes an analyst, associate, vice president, and managing director. Depending on the assignment, it may also include multiple bankers at each level, a director, product specialists, or senior industry bankers. Team structure varies by bank, group, office, and transaction.

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