<p>When someone says that they are an investment banker, I assume that means that they work in mergers and acquisiitons doing valuation work.</p>
<p>However, recently, I read an article about someone that worked at investment banking in another role, and the article referred to him as an investment banker. Was the writer of the article using that term incorrectly?</p>
<p>The answer to this question is something that can easily be found online.
Nevertheless, I’m in a good mood so I’ll give you a head start. It should go without saying that your understanding of what investment banking is completely incorrect. </p>
<p>[Investment</a> banking - Wikipedia, the free encyclopedia](<a href=“Investment banking - Wikipedia”>Investment banking - Wikipedia)
The definition under the investment banking section is actually pretty solid (note: the actually structure of a firm’s investment banking division will vary a little bit from bank to bank. Goldman for example does not have a separate group for merger’s and acquisitions). Also, even if you are referring to an m&a group itself, valuation is just a very small portion of what they do.</p>
<p>Investment banking typically consists of an umbrella of different roles. At Goldman Sachs it’s classic banking (advisory, including M&A) and financing (leveraged finance, investment grade debt, etc.)</p>
<p>The media may be incorrect though. They like saying everyone who works at an investment bank is an investment banker, which is wrong.</p>