Best IBD group?
What is the best group? Is it M&A? Sponsors? What's the best for PE and buyside exit ops?
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Depends on the bank, but in general, M&A, Sponsors, and LevFin are the best feeders into PE.
Ok perfect I guess my top 3 is those. what if the bank combines fs and lf? aka ubs (no trolling please). what can i put for my 3rd choice?
GIG is it provides a good grounding in modelling.
Though I'd suggest choosing groups based on other reasons than JUST which places best into PE, M&A, levfin and fin sponsors will place the best. The next two groups that will probably place best are tech/TMT and health care. Reason being is that both groups have a pretty easy transition into a generalist role, and many funds out these either focus on TMT/HC or at least have a group that has a focus in those areas. Those areas also tend to be a bit busier and can tend to garner a bit more deal flow.
If I were you, I wouldn't do fin sponsors... From what I've read and what I've heard, all you really do in that group is manage relationships with the buyside. Sure, in essence, that's great for what your goal is (getting to the buyside), but it will really leave you lacking in terms of experience, and it'll most likely leave you at a disadvantage to your peers when you start at the PE firm.
Thanks jimbrown! What if the bank combines the two and there's modeling but the group has been hit hard? Also this is ubs so I don't think I can pick healthcare, maybe 3rd choice is TMT?
Thanks guys!
Go for UBS GIG, as someone mentioned above, Industrials work is very relevant for sponsors as a majority of PE-backed companies are in manufacturing or services.
In that case–while it has a specialized skill set–is FIG better preparation for exit opportunities in private equity than GIG, Power/Utilities or Media/Telecom are?
Jimbrown, I think that depends on the bank.
FIG all the way baby
ubs M&A is top 15 everytime now and that was their best group. just put anything down for this joke of a bank because it won't matter anyways.
wow fubs you really never stop bashing UBS. clearly theres something personal going on there. must have not gotten a FT offer or been fired.
fubs never worked for UBS (actually, I don't think he worked at all), his lack of knowledge attests to that fact.
XD
Seriously, though, in response to fembotma's query, would you guys take FIG over GIG, Power/Utilities and Media/Telecom on the grounds that the group does its own M&A?
lorican you don't even have a job. I quit the business last month. If you stopped posting here 24/7 you'd probably realize i know more about the bank than everyone here, which is why I've been answering pm's nonstop. everything i've said is validated, go check out the dealflow yourself.
enjoy ubs u guys, flaming me wont' make ur life better.
everyone who politely pm'd me i have responded to and even told my history. but apparently i work at executive admin at pjc according to you but the correct answer is to go GIG after sponsorslevfin and M&A. The latter is going down hard so that is why i would go #1 sponsors first, unless u have a good connection with the m&a guys.
fig does not open much opportunities, i would suggest you talk to the ex-fig guys and see where they are. its not pretty after 2008 but even before that it really depends on if u want to do FIG or if u just want a good group. if u want a good group, go for something else.
enjoy ubs i hope you have a better time than I did.
Because this is an IB board: Which IB group is the best to be in right now? (Originally Posted: 08/17/2007)
Which group within IBD is the safest to go into right now?
Restructuring?
An industry group? If so, which industry groups are the most stable?
Certainly not public finance - no municipalities are going to want to take on debt with rates like this.
I'd probably say Restructuring
Healthcare companies have large financing needs, maybe industrials.
top groups at ibanks (Originally Posted: 09/22/2009)
In order to get into a top group at certain banks, is a connection in the group a must?
no. you just need to express your interest in the group and if they like you, you're in.
at GS you will get a generalist offer and the groups will be assigned a few weeks later. you will be able to express preferences for group/location. they will take your preferences into account, but top groups (groups with the most clout) will generally get their pick of the analyst pool first, and they will usually pick the most talented candidates
How can they tell if you are the most talented?
Do you have to accept your offer first and then get placed or will they place you a couple weeks after you recieve your offer? Is there any better chance of getting your group if you accept the generalist or wait?
IB SA: what type of IB work is the best? (Originally Posted: 03/11/2015)
As a soon-to-be SA at a BB, I was wondering if the type of work each group does is just as important as the group reputation. Specifically, how does an analyst's work vary across an M&A, IPO, or other equity/debt-related deals? In selecting a group at a bank, should I specifically go for the group that does the most M&A deals or do other deals also provide a good experience?
M&As and IPOs. The Goldman Sachs.
Only if you want to work for the Goldman Sachs.
If we are talking about the most relevant buyside experience, M&A and LBO transactions give you most the relevant work experience.
Two paths. You should go for a group that either 1. Does a ton of M&A or 2. Give you lots of access to sponsors and related modeling. That means a coverage group that does M&A, an M&A group, or a Sponsors/LevFin group at a bigger balance sheet bank (BAML, DB, etc.). Honestly, I think equity/debt raisings are pretty boring. You learn little aside from hating life from having to do all that internal bullshit for a refi.
what part of ibank? (Originally Posted: 10/01/2006)
I know that ibank is divided into 3 main areas: corporate finance, sales & trading, and research? what part of ibanking do most people on this forum work in?
Most are in CorpFin.
I am technically in S&T.
.
k
3 bananas
99% of people here work in the corporate finance part
Some are here who are interested in S & T
corporate finance. everyone hates to work in research. sales and trading sucks
I know S & T sucks for most Corp fin ppl. cuz its a very fast paced and stressful enviroment.
However, the potential bonuses in S & T are much higher. (...... potential......)
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