Specific Industry v. Generalist IB Analyst

I wanted to know if anyone could elaborate on the positive and negative aspects of being a generalist analyst versus an analyst in a specific industry (more specifically Energy)

2 Comments
 

It pretty much comes down to the fact that one will give you a more broad industry exposure while the other will make you very well versed in one sector -- so the pros and cons depend on what you want to do longterm. All things equal, it would be more difficult for a generalist to compete with a tech banker when interviewing for a technology focused PEG. On the other hand, a generalist will likely be able to tailor his or her resume to various opportunities outside of one sector focus slightly easier.

You will likely find though that even shops with generalists tend to focus on certain sectors, with each MD having somewhat of a specialty area. As an analyst, once you get staffed on a few similar deals in one sector you will likely get staffed on the next similar deal. That's not always the case, but it's fairly common.

 

Facilis occaecati et est omnis. Et est et ut assumenda quo. Eligendi voluptatem et vitae culpa voluptatem ea ratione veniam. Dolore dolorem consequatur quos sit omnis.

Aut quo quam et et. Eos et eveniet libero consequatur. Optio odio harum omnis vitae. Eius maiores sequi est qui qui. Delectus sit voluptas repellat dolores occaecati. Soluta fuga qui id alias qui.

Ad vel maiores ut autem ut a. Et porro illo nobis est incidunt eum accusantium. Quod in natus distinctio est quisquam officia dolor. Quod aut aspernatur voluptatem quia. Numquam natus rerum quam reprehenderit nesciunt dicta fugit. Labore fugit totam accusantium debitis vitae in officiis. Magnam dicta fugit neque nihil.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (68) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”