BB ESG Coverage
Seems like some BBs and MMs (e.g CS, Barc, RBC) are setting up coverage groups for ESG-related corps. Do you think these teams would provide good opportunities in the long-run?
I think being in a group like this would give interactions with some truly innovative companies, and ESG seems like a good specialisation for the 2020s (hopefully leading to interesting opportunities e.g impact funds). Also, being in a newly-formed group like this could be a key differentiator because so few people will have the same level of ESG analyst experience.
On the other hand, if the goal is to move to the buy-side after a few years then maybe it’d be safer to stick with a traditional coverage team (e.g tech, industrials) that would likely work on bigger deals and have less uncertainty.
Interested to hear what others' thoughts are.
