Client Coverage within Investment Bank
I have recently received an offer to be an Analyst within the Client Coverage division in an Investment Bank focusing on EMEA.
I am interested in Investment Banking but still deciding about which product group I would enjoy working for.
How much exposure does this role give to the various product groups? What are the available exit opps? Is this a Marketing Division or is there Financial Analysis and modelling within the job?
Thank You in Advance
"How much exposure does this role give to the various product groups?"
Depends on what types of deals are going on in EMEA right now and which mandates the firm is good at winning.
"What are the available exit opps?"
Probably not all that different from other IB groups. Yes there should be financial analysis. A coverage group just means you focus on connecting with clients in a particular industry or geography. So LatAm, industrials, energy, etc. are all coverage groups. Each bank will have their own way of handling interactions with product groups.
Congrats on your offer.
Thank You for the response.
My research on the internet shows that the Client Coverage group more often than not falls under Corporate Banking yet in the Firm I am joining it is a stand alone division.
How difficult does the varying Bank structures affect marketability for this role as opposed to an analyst within M&A or an Industry Sector?
It kind of boils down to the types of deals you're doing. If you're issuing senior loans day in/day out, probably not great. If you're doing Cross Border M&A, pretty good. For future reference, it's totally fair to ask about the types of deals people work on at the end of interviews.
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