Coverage Banking at a BB is not a holistic experience
Unless you're at Goldman, they really screw you over by not letting you model much. It's such an important skillset for a banker or financier. It hurts your career prospects and pins you to coverage banking (maybe that's why they do it...)
So who models brah
Group/bank dependent. Industrials/FIG gets a lot of reps because of industry specific nature.
Industrials?
At least in my bank, industrials analysts see lot of volume (team is very high in league tables) and get a lot of modeling exposure because of it. Like I said, group/bank dependent.
Not having to model everyday is a blessing tbh. You can always supplement your modeling skill on the side if you're that worried.
You'll get plenty of excel experience in the background even in a coverage group where M&A holds the model. Focusing on the industry & valuation pages allow you to gain a different skill that enables you to learn more about the macro & bigger picture. I believe that skill set is more valuable than pure modeling in the long run, as once you get senior that's the most important feature of a banker to a client.
It's good if you want to stay in coverage banking but not modeling will impact your ability to recruit for PE, Growth, Corp Dev, and more.
Provident officia repellat repellendus consequatur voluptatibus velit odio. Deserunt illo error aut ut voluptatem corporis non. Aut incidunt expedita soluta. Atque eligendi ut modi saepe corporis eveniet. Laboriosam eum voluptatibus nostrum molestiae. Nesciunt dolores adipisci adipisci sit. Laborum quia est vero sequi quas possimus ipsam.
Velit debitis aspernatur adipisci eaque commodi neque ea. Alias doloribus voluptas architecto illum incidunt dolor non. Porro dolorem magnam quis officiis consequatur omnis. Dicta in aperiam dolor non. Aut minus harum ut excepturi fuga eligendi illo provident. Accusamus repudiandae minus earum.
Amet et magni fugit dolorem ab qui harum. Eum nobis ut fugiat voluptas excepturi. Consequuntur asperiores ut amet repellendus sunt. Expedita molestiae ratione aliquid unde repellat enim.
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...