What is the main difference between a bulge bracket and a boutique investment bank?
Size and range of services
Location and clientele
Regulatory oversight
Profit margins
Answer
The main difference between a bulge bracket and a boutique investment bank is their size and range of services. Bulge bracket banks are larger and offer a wider range of services, while boutique banks are smaller and typically specialize in specific areas.
Bank on Your Future: The Ultimate Investment Banking Quiz