Some Questions about Product and Industry Groups
Correct me if I'm wrong when I say product groups are focused on one deal type among various industries while industry groups are focused on multiple deal types within a single industry.
I was doing some reading when someone said:
In general, guys in industry groups tend to progress higher than product group guys because they have built better relationship with clients (a function of them not constantly doing deals).
Is this true? Would you prefer working in a product or industry group(in regard to the type of work)? As far as exit opps, the consensus seems to favor product groups.
Question about industry groups: aren't there certain cities associated with certain industries? If so, what are they?
Is it possible that, as a certain industry grows, the jobs within IB in those industry groups will substantially grow, making that city a more appealing location?
The answer to this question differs vastly depending on what level of seniority you are at. My understanding is that generalist M&A / Sponsors groups (not really LevFin or ECM / DCM) are much better at an entry level because they provide the widest breadth of experience in the areas with relevant applicable skills. At a more senior level, coverage bankers are typically the ones sourcing clients whereas the M&A bankers are just running the bidding process or helping the company out.
Industry groups associated with cities are:
O&G - Houston Tech - SF Industrials (sometimes, but mostly satellite offices) - Chicago Sponsors / RE (sometimes, but mostly satellite offices) - LA Everything - NY
Just the perspective I needed, thanks!
Modi voluptas maiores quo sit placeat ea ut. Ullam qui excepturi expedita sed itaque. Est maxime itaque quas et. Dolore aspernatur cupiditate nihil iure quaerat aut.
Omnis atque repellat doloremque. Omnis neque ut ut in. Voluptatem ut et omnis hic aut.
Labore minima iure nesciunt quaerat. Architecto nobis occaecati quia eligendi ut. Ut nostrum numquam nulla tempora rem esse. Exercitationem doloremque voluptatibus quia sit eum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...