This land is absolutely lucrative, and also competitive; most importantly, there is a lot to explore.

By: Karoline Zhao To complement or supplement, that is the question. Recently, Vault released it’s rankings of the Most Prestigious Banking Firms for 2018. Besides Goldman Sachs & Co and Morgan Stanley, some firms that have less presence in the headlines, including Lazard and  Evercore, now share a pie with those big-league names in the top 10. Renowned banks such as Citi and UBS, which were both in the top 10 of the 2008 Most Prestigious Banking Firm Rankings, have fallen  behind  these little guys ten years later. Elite boutique banks are officially under the spotlight now. You may wonder what a boutique bank is, and how it differs  from a bulge bracket? To name a few, Bank of America, Barclays, Citigroup are examples of bulge brackets.  In general, compared to bulge brackets, elite boutique banks are smaller in size and more flexible in terms of its structure and operation. The boutiques primarily focus on specific divisions of investment banking such as mergers & acquisitions or asset management. They rarely have a full range of financial …

The cashless revolution may be real.