Mandate
A formal engagement in which a client retains an investment bank to advise on a specific transaction (M&A sale, capital raise, restructuring).
Where Mandate comes up
Hedge Funds and Mutual Funds, Side by SideBoth pool money and buy securities. Almost everything after that is different, and the benchmark is the difference that matters.Read the guide — 8 min What an Investment Banking Analyst Actually Does All DayNot the brochure version. The four things you produce, when they arrive, and why the evening is the part nobody describes.Read the guide — 9 min
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Browse the full glossary — 340 finance recruiting and technical terms, in plain English.