BB Coverage Question

What kind of exit opps do a 2nd year analyst in a mid tier (BAML/Citi/UBS) coverage group have? Asking about opportunities without networking. Do all recruiters respect your coverage experience? What if you interview well, but have limited M&A experience? Just curious to hear about those who didn't go on cycle. Curious to hear about people's experiences.

 

The thing with M&A or LevFin is that you work across industries and do the most rigorous modeling work so your exits opp universe is as broad as possible. Someone doing FIG capital raises isn’t going to make an optimal candidate at a buyout fund focusing on Tech/Healthcare/Etc.

Robust coverage groups still place very well in buy-side roles where there is an industry overlap, but it narrows the field a bit. Ie, Tech bankers at JPM aren’t going to be at a disadvantage for Tech PE shops at all.

 

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