Financials Sector Coverage

Hi all,

I've searched this topic in the forum and there's only a couple of comments from years ago hence this post.

What are the particularities of covering the financial sector? I've starting reading up and the key metrics are different, and apparently there is more exposure to macro, which intuitively makes sense given its based of rates spread etc, but it is the latter point I want to explore, because I actually want to get into macro and would enjoy this aspect.

  • Is it highly macro exposed?
  • If so could I lever this for exit opps potentially to a more macro role if I landed a financials sector gig?

From the posts in this forum many people were weary of being pigeonholed as banks/macro, but if I'm looking for some macro exposure (which would make me in the minority in ER?) then would be that be a positive in sense?

On the corporate side of the coin I believe I would enjoy the technical aspects of analysing banks' financial statements, compared to say consumer staples/discretionary (yawn), but am I possibly misplaced?

Any comments on insurance would be great too.

Many thanks for your thoughts.

1 Comments
 

Dignissimos aut distinctio non amet accusantium totam doloremque. Earum sit officiis repellat est assumenda. Possimus culpa eum rerum repellendus.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
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...”