Best groups at Lehman?
I recently received an offer for a summer internship in Lehman IBD and I am unsure which groups are the best at Lehman. Does anyone have any suggestions/opinions? Thanks.
I recently received an offer for a summer internship in Lehman IBD and I am unsure which groups are the best at Lehman. Does anyone have any suggestions/opinions? Thanks.
+3,924 | Bank of America - Juniors Strike to start Monday May 6th | 413 | 43m | |
+839 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 79 | 15h | |
+570 | This is a dark day for Wall Street. | 46 | 3h | |
+380 | BofA Associate Death - WSJ, FT, CNBC, Bloomberg | 40 | 2h | |
+187 | How to strike without being fired. | 21 | 8h | |
+182 | Analyst at Bofa FIG-Thoughts | 28 | 14h | |
+169 | Big Layoff at Barclays - 5/1/24 | 88 | 1d | |
+158 | Hey WSJ, BBG, CNBC, FT, it's been more than 72 hours that this BofA IBD Associate was reported dead | 23 | 3h | |
+147 | BofA List | 37 | 2h | |
+127 | Shame on you, BofA. But also, the industry needs to change. | 17 | 12h |
Career Resources
The groups that Lehman is top 3 in are:
Natural Resources
Consumer/Retail
Communications
Thanks. Also, any thoughts on industry vs. product groups? Anyone know what Lehman's LevFin is like?
In the case of Lehman, they have a different business model from other firms. They have product groups within industry groups. So for example, you could be a Consumer/Retail Group M&A analyst, specializing only in M&A for this sector. If you don't want that, you would then be a generalist in that group doing everything else apart from M&A - mainly equity & debt deals.
Personally, I think this set up ain't that good, but if I were to choose, I guess I would go for the M&A option. But make sure that you know which industry group interests you best.
Lehman's Lev Fin team is growing but it ain't too strong at the moment. It's 7 in the league tables after JPM, Citi, CS, ML, BofA, DB
To the OP: do a search on this topic as there have been a couple of threads on this this month with some good info. The communications group lost their biggest MD (and group head), so whether or not it will continue to be a top group is questionable.
It's true that they do work on M&A deals occasionally, but in terms of the bulk of their work, they focus more on equity/debt deals. That being said, the amount of M&A coverage depends on each industry group - generalists in some industry groups get to work on more M&A deals than others.
Does anyone have any first-hand experience as to what kind of cultures the different groups at Lehman have?
How good is Lehman's healthcare group? I have a summer offer from the firm and really like healthcare (former pre-med) but haven't heard much about Lehman's group apart from the recent Triad hospital buyout. I'm choosing between Lehman & 2 other BBs. Thoughts?
Natural Resources is Lehman's best group, but FIG brings in ~25% of IBD revenue each year.
Iste deserunt ex totam voluptatibus qui. Eum veniam aut occaecati aut. Sunt ipsam amet officia magnam. Sit autem doloremque natus. Omnis quibusdam tenetur sed magnam. Corporis qui non sequi omnis.
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...