If investment banking professional works as a consultant, do they have to have their own firm?

Investment Banking CertificationQuestion: If investment banking professional works as a consultant, do they have to have their own firm?

Answer: This response should be prefaced by noting that investment banking professionals do not typically work as consultants; they are most often associated with a bank. Such banks can vary in size from global banking enterprises with tens of thousands of employees to regional boutique advisory firms with just a handful of professionals.  It might be possible for an experienced banker to eventually work on his/her own as a consultant while still calling him/herself an “investment banker.” This might be the case for a top-notch banker with an impressive track record of transactions and a large array of relevant contacts.

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