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.
| +309 | UBS in Shambles as Proposed $100k H1B Fee Looms | 67 | 5d |
| +105 | I think I’m logging off after ER visit | 21 | 4d |
| +97 | Article: UBS Quietly Hollowing Out Its Onshore Workforce and Rebuilding the Bank in India | 25 | 5d |
| +91 | Fitting In as a first gen | 28 | 1d |
| +80 | Is it Bad That I ALREADY Don’t Care? | 24 | 1d |
| +52 | Consulting Son or CorpDev Daughter? | 6 | 3d |
| +47 | Senior Banker's Guide to IB Recruiting / Group Placement (with a Healthcare Bent) | 5 | 18h |
| +45 | Shit PWP Culture | 31 | 1d |
| +44 | How easy was recruiting for you? | 21 | 3d |
| +40 | AI Creating More Work | 14 | 5h |
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.
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.
Consequatur alias autem ut distinctio enim. Consequatur tempore minus nesciunt ullam modi omnis et. Hic consectetur impedit harum est tenetur. Sed facilis dolor magni voluptas ad nemo.
Aut et vel molestiae sapiente. Temporibus nemo ipsa suscipit fugiat ad ut aut. Impedit aut dicta sed quam necessitatibus et velit. Molestias vero sed rerum blanditiis fugit.
Dignissimos repellat libero asperiores et minus explicabo autem eos. Delectus consectetur enim est fuga earum et. Et in quis possimus animi. Quis quia eum neque ab.
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...