1. Equity Research Found in: Investment banks (BNP Paribas, Exane, Kepler Cheuvreux), asset managers, and boutiques. What you do: Analyze companies, write investment reports, build valuation models, and pitch stock ideas to PMs and clients. Great if: You love digging into business models, forecasting earnings, and understanding what drives share prices. 2. Sales & Trading (S&T) Found in: All major banks (Société Générale, JPMorgan, Barclays, Morgan Stanley). What you do: On Sales, build relationships, pitch products, flow market color. On Trading, price and risk-manage positions on behalf of clients. Great for: High-energy people who like fast-paced environments, markets, and real-time decision making. 3. Mergers & Acquisitions (M&A) Found in: Investment banks (Lazard, Rothschild, JPMorgan, Goldman Sachs) and boutique advisory firms. What you do: Advise companies on buying or merging with others, model financials, and negotiate deal terms. Great if: You enjoy high-stakes deals, inten...