LevFin product group vs. Fin. Sponsors coverage groupIB
So the bank I'm joining appears to have its LevFin product group in a different division to the one I have interviewed for. I may still have the option of joining the Fin Sponsors coverage group, depending on whether I ask for it and they choose me for that group.
Anyway the question I wanted to ask was how the work differs between those two groups. From my limited understanding, LevFin will be more modelling intensive (not sure what kind of modelling though), and that Fin. Sponsors will be more about generating ideas for PE firms etc and valuing potential targets' equity.
Any information, anecdotes, first hand experience would be appreciated.