Industry Group Decision

Hi everyone,

I'm sure there are some similar posts out there but I'm hungover and not feeling very resourceful. I'm interning at a top MM bank in Chicago and have to preference groups soon. What are your guys' opinions on groups out of Chicago and group placement in general? I know industrials typically is a good group for most of the MM banks there, but I am just thinking of how my group placement will effect my exit ops (if I choose to). For instance, tech PE would basically be impossible if I'm not in tech, correct?

Generally, what are your guys' opinions on the best groups in the current economic/political environment, and more specific Chicago.

But maybe it doesn't matter at all. Thanks!

 
Best Response

Preface: I don't work in Chicago but often work with people in Chicago. Group strength depends mostly on the bank. Industrials is usually a strong Chicago based group with a fairly diverse set of clients, with an associated wider set of PE exit options compared to, e.g. FIG. Tech PE is very challenging without Tech banking or something like Financial Sponsors / LevFin / M&A, but never say never, I guess, particularly if you were a CS/engineering major undergrad.

What are your group options, and what is your current thought process based on your background and the people you have met? Finding a good cultural fit can be even more important than the group you are in, even for (especially for?) recruiting.

Be excellent to each other, and party on, dudes.
 

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