The group of bulge bracket banks comprises the world's largest multi-national investment banks whose investment banking clients are usually large corporations, institutional investors and governments. There is no definitive list of bulge bracket banks.

Why are banks called bulge bracket?

The term “bulge bracket” originates from the order of banks listed on the “tombstone” or prospectus of a deal. The banks are listed in sequential order based on the role they play in the deal, from most important to least important. The font size of the banks at the top are larger and bolder – they “bulge” out.

Which bulge bracket banks pay the most?

JPMorgan Chase & Co. ranked as the highest paying investment bank, with compensation nearing the 99th percentile. Other well-paying banks include Wells Fargo & Co., Houlihan Lokey, Bank of America Corp. and Goldman Sachs Group.