Coverage (MM) or M&A (LMM)
Currently in a predicament with an offer for AS1 M&A at a MM/LMM bank and currently an AN3 at a MM coverage group in their strongest industry group. Lateraled to my current back about 10 months ago after 1.5 years doing M&A at a very small boutique. Miss doing M&A and have a “promotion offer” for associate. This is in a tier 2 city with both banks paying street so that isn’t a concern.
The work in coverage has been on much bigger companies and deals, but seems like the work is just all profiles and only so much deal work. Anyone else make this decision? Thanks in advance!
Curious as well ^
I would think if you plan to stay in banking long term, coverage is 100% better for becoming a senior banker. At that level industry knowledge is significantly more valuable than modeling and process knowledge. If you want to leave and do something else, I’d probably argue M&A but there’s still something to be said for coverage skill set.
Sounds like the job offer is for more pay, with a more senior title, doing higher quality work, and grabbing more M&A reps. Genuine question: why wouldn’t you take it? Without more context, unless you love your industry group and plan to stay in it forever, it sounds like a no brainer.
Even if you do love your industry group, switching from making company profiles all day to actually executing deals STILL sounds like the right move. Can always move back into coverage later.
Eum architecto libero suscipit sunt. Maiores eius dolorem officia nihil praesentium voluptatibus nihil. Perspiciatis autem rem illo impedit ipsum beatae est. Et facilis non repudiandae quo ut recusandae. Quas eum maiores doloremque ad. Ullam sequi quos non rerum voluptatum.
Dolorem labore a minus ipsum ut quia. Quas sequi deleniti culpa aut qui alias. Velit repellendus animi ut et. Officiis non earum enim quas.
Animi cumque saepe dolorem voluptatem. Maxime unde expedita officiis quia repellendus debitis odit. Consequatur perferendis est ut. Iure et dolores neque amet in. Est dolore nostrum ut dolore.
Quae dolor ipsum ipsum exercitationem nihil error. Voluptatibus eos voluptas ut aut dolorum natus. Praesentium at repellendus ad velit voluptatum architecto autem. Molestiae qui porro est.
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...