BAML Coverage Group exits

Will be joining an industry coverage group at BAML (FT) next year. I've heard that product groups (M&A, LevFin, FSG) get some top exits and looks from many MFs and UMM firms but what about the coverage groups? What's a realistic expectation for exits? 

23 Comments
 

similar to other mid-tier BB exits. Looks at MFs, solid looks at UMMs, likely a large % going to MM and corp dev. Having myself worked in coverage at BAML / Barc / Citi / CS, I had no trouble getting ins at UMMs and MFs and got an offer at an UMM that I liked. A surprising number of people (surprising on this site at least) will be more interested in corp dev, or MM PE / fam offices, or will have no idea what they want to do, especially compared to the M&A or Sponsors teams at most of these places. Coming from a solid coverage group you can easily get looks and impress. At BAML in particular I believe C&R and healthcare are known as the stronger coverage groups

 

Yup. at any of the mid-tier BBs you can't really go wrong with any of the traditional coverage groups (TMT, industrials, healthcare, C&R) because at all of these firms they get good deal flow and are considered solid groups. Besides Barc, at CS / Citi / BAML all of these groups are considered solid but not top groups, where if you are focused exclusively on exits you'll likely go to M&A or Sponsors, but if you want a shot at the top firms but maybe prioritize group culture or people or lifestyle then these groups are all solid

 

Know an analyst in the group and she was complaining abt it the first time we met lol

 

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