Business Services IB?
What's it like working in business services IB? Do you enjoy the work and modeling? What do you find the most interesting about this sector? The most challenging (if any) aspects?
Trending Content - Investment Banking Forum
| +217 | Downfall of Qatalyst | 42 | 3h |
| +167 | UBS IB 26Q2 a Disaster! Advisory Revenue Down 23%, Capital MarketsDown 5% | 22 | 3d |
| +111 | UBS Americas IB: The Kids’ Table of Wall Street | 15 | 7h |
| +81 | Lincoln International Return Offers | 42 | 1d |
| +52 | so confused about 28 SA timeline | 27 | 5d |
| +44 | London IB BB is a challenge | 29 | 7h |
| +37 | momentum of Rx groups | 11 | 1d |
| +36 | Fired during interview | 6 | 11h |
| +33 | [WSO MODS] Please Delete This BS Host Books Spam! | 2 | 5d |
| +27 | VP Lifestyle at Top BB Coverage Groups | 13 | 3h |
Career Resources
What is business services?
Super broad sector - depends on group but business services groups can range from tangible business services (environmental and gardening services, industrial services), to IT services, so it's important to do research on the groups you're interested in to see if they focus on certain sectors. Lots of MM M&A deal flow within the sector and sponsors love business services. Modeling is relatively standard, nothing niche. Companies themselves can be a bit boring (especially with HR, payroll, staffing services), but it's pretty cool to work with some tangible companies you see every day (lawn care companies, etc).
Why do sponsors like business services companies? Additionally, I'm about to start in a chemicals sector but our firm has a business services coverage group too. Any advice on how to move into that group for full time?
Biz Services companies are extremely attractive for PE firms because they mostly carry an ideal profile for LBOs. You are looking at high FCF conversion, low capex (hence depreciation), mostly stable EBITDA margins that could be growing depending on company. Business Services companies tend to be in the MM space where there are A LOT of deals in the sector.
Reiciendis ex quasi quia quia maiores expedita dolores. Asperiores quos repudiandae laborum sit rerum eum ea. Et et alias earum consequuntur quibusdam nulla modi. Qui nihil non a ipsam ut quam.
Cum eum numquam qui maxime laboriosam fuga debitis. Repellat voluptas perferendis facilis totam accusantium. Odio qui non quibusdam dolorem quia. Eaque nihil error architecto sit repudiandae.
Quasi dolores aperiam nam quia. Aut voluptatem nostrum eum iusto perferendis iste hic. Voluptatem quia fuga accusantium pariatur expedita eos ut. Voluptatem ab qui dolore totam quia iusto eius.
Ipsum magni nihil unde earum eos. Molestias vitae est et ullam voluptas sit enim illo. Recusandae quasi est ipsa doloremque ut veniam. Et sit eligendi aut fugit ad sunt maxime quisquam. Quia qui hic autem. Quos quos perferendis itaque voluptatem aliquid. Sed rerum alias qui harum qui.
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...