Best Bank/Group to hide in as a VP

100% serious question.  Whats the best group where you aren't really the main effort in a deal (just the product/B team person providing some guidance/help).  Lots of co-advisory stuff (never lead).  A group where the sector team does 80% of the lift and I do 20% as their product partner.  

Things like that.  What are the best groups.

 

Unsure which banks exactly but what you're looking for is a Sponsors group that doesn't hold the pen on the model, i.e. pure relationship management

 

I think CMO product role at any bank that is routinely passive on the deals they’re apart of fits this description. Most banks outside of top 8 or so in league tables will be passive on most of their deals and your role will be primarily to provide market commentary with any deal you lead being relatively small and straightforward. 

 

Sponsors groups that don’t model/hold the pen. Can easily collect the fee while not doing much.

Pretty easy to be top performer too. You are not in charge of the model, the 30 page deck, and 4 Excel files across the deal, so it’s easy to have everything in check. Coverage VP has to manage a lot more items, therefore more room for mistake. On the other hand, FSG VPs only have to check 5 slides before punting it to coverage.

 
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Associate at a BB in a non-financial hub / regional office, and I think I have the perfect answer to this.

Our LF team does nothing, and I mean NOTHING. Risk has no appetite for underwriting anything in our market given it is not a financial hub (albeit still quite a large market). As such this team does next to no execution, and barely any pitching (given its LF - every now and then they'll send some debt comps to coverage teams)

This team literally out of the office at 6pm everyday, never works weekends, has a great culture / goes out as a team nearly weekly, and farms out all their work to coverage teams... incredible stuff really

Our DCM franchise absolutely kills it in the region (consistently tops league tables), is on every USD trade in the market and absolutely grinds its juniors. Given the fee / bonus pools between DCM and LF are combined as it's all debt... you guessed it, part of the fee allocation ends up feeding the LF team. Mind blowing stuff

 

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