Hi everyone,
I have a SA offer at a BB (JPM/MS) and was just wondering what groups are best for PE exits. Is it the traditional LevFin/M&A, or perhaps there is no difference between them and the coverage groups. I know modeling isn't done much in some LevFin groups, so curious what your thoughts are on this. I know I definitely want to aim for MF for recruiting (assuming I get FT offer).
Your comments/inputs are much appreciated!
| +160 | UBS Tech layoff | 52 | 1d |
| +153 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 24 | 11h |
| +146 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 31 | 14h |
| +73 | Leaked Interview Questions to Recruiting Services | 39 | 4m |
| +59 | Are target prospects getting dumber? | 27 | 12h |
| +58 | How do YOU manage networking requests? | 17 | 19h |
| +37 | Quitting After First 4 months | 12 | 1d |
| +34 | MBB Pay Raises | 26 | 1d |
| +19 | Rothschild UK - Mining & Healthcare 2026 | 5 | 3d |
| +19 | Career Crossroads | 2 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Depends on the bank, depends on the group. For example, JPM Healthcare is unmatched.
Thanks for the reply! Can you speak of other groups at JPM and MS?
Take MS M&A for sure, MS IBD >>JPM IBD
M&A is best for exit ops, followed by industry groups like tech/TMT
After that possibly LevFin and maybe a few other industry groups
Source: MF PE
Thanks, Grylls! Would TMT be the second group after M&A in both banks? I have heard that JPM's TMT group has not as much deal flow....
Both JPM and MS M&A are great groups for exits. MS M&A is widely considered to be one of the best groups on the street for PE exits, and while JPM M&A is a relatively small group they do very well. Other considerations at MS for exits might be Media & Comm, Consumer & Retail or Financial Sponsors, in that order. Other considerations at JPM for exits might be Healthcare, Financial Sponsors or Media & Comm (recently split), in that order.
Your first choice should be M&A at either bank, and the groups listed above. LevFin does not place very much into PE, let alone MF PE, and so shouldn't be a consideration if you can avoid it
Thanks for the input, Kazimierz! I am curious why LevFin doesn't place much into PE, when traditionally it seems that work in LevFin is most directly related to PE (understanding debt, working on LBOS, etc.)?
JPM FIG recruits heavily at my school as well. What are your thoughts on this group?
Eius quasi reiciendis in nihil molestiae quisquam quisquam. Laudantium quia doloribus velit. Consequatur recusandae sunt voluptatem id.
Illum nemo quaerat qui dolor aut harum quis distinctio. Reiciendis eveniet provident fugit cumque necessitatibus sit est. Harum ut rerum dolore. Amet non voluptatem ad dolores. A odit dolores quam. Ducimus quas sed beatae magni mollitia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...