Moving coverage groups
Hey friends, I did some searching on this but couldn't really find a good answer.
Is it easy to move coverage groups if you're moving from one ER internship to another at a different firm? For example, at my current internship the Sr. Analyst I work for covers the transportation & logistics sectors, so he's spent a fair amount of time teaching me about those sectors, and I also spend a fair amount of free time at home reading 10ks, research reports, news, etc of the companies he covers to get up to speed.
If I try moving to another firm will this brand me for those sectors or is it possible to be placed under another coverage group like tech, fin ser, etc?
You should be okay. I've witnessed a couple of people move between completely unrelated sectors in their first 1-3 years, so I don't think an internship will pigeon hole you by any means.
As you are a fresh grad you will be placed where the bank needs associates. When I transitioned from being a SA to FT way back when I switched to a completely different industry then I was in before. Just show that you are willing to learn and can pick up the details quickly.
How Easy To Change Industry Coverage? (Originally Posted: 04/25/2008)
I am an associate with a private equity fund focusing on infrastructure assets, but am very keen to move to real estate. Do I have to start from scratch at a real estate fund?
Many thanks in advance.
i'd be interested in the answer/precedent for this type of thing too. let's say you start as a pre-mba associate at providence doing media/com, Silver Lake doing tech, or even a generalist firm like carlyle but are in one of their industry verticals like energy&power, how pigeon-holed are you coming out an MBA program for a post-MBA position at a comparable firm but in a different industry vertical? obviously it'd be the easiest sell to move to, for instance, Bain Capital's media/tech/energy group (in the respective 3 examples above), but how feasible/realistic would it be to say "i wanted to try the retail group" and for them to be okay with it? you have to think a lot of the skills are transferrable and non-industry specific, but i could see tradition going the other way....
anyone with experience or know friends who did this sort of thing?
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