1. a badge of one or more V-shaped stripes worn on the sleeve by noncommissioned officers to indicate rank, length of service, etc. 2. an ornament in this form, as on a molding. 3. Also called chevâ²ron weave`. herringbone (def. 2a). 4. Heraldry. an ordinary in the form of an inverted V. [1300â50; Middle English cheveroun < Old French: rafter, chevron < Vulgar Latin *capriÅn-, s. of *capriÅ, derivative of Latin caper goat]
An investment banker is typically a line job in the investment banking division. A financial engineer is typically a staff job in the sales & trading, or financial strategies, division. They provide valuable supporting input, but are typically not in charge.
Investment banking is split into front office, middle office, and back office activities. While large service investment banks offer all lines of business, both sell side and buy side, smaller sell-side investment firms such as boutique investment banks and small broker-dealers focus on investment banking and sales/trading/research, respectively.