Why does CS FIG get such bad press on here? Haven't they worked on 2 of the 3 biggest FIG deals of the last 6 months? From what I've heard from people they have been a top 3-5 FIG group in terms of revenue over the last year or so. Also isn't FIG overall going to be very busy post-crisis?
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Following. Anyone have insight on this?
Bump. Also, Drilla is the goat
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Can anyone provide insight into their recruiting process in terms of interviews? I know they run a different process compared to the generalist pool.
talked to some people on the team (EDs/Analysts) and they are great. I think their deal flow is fairly new, so their rep is on the upswing.
Any idea why they have had this uptick in deal flow? New MD's? Just building a better rep?
they poached a new banker from Lazard like 5 years ago as their head of Americas FIG so I think it’s started to convert into results now
Haven’t read bad things about CS FIG on here, but they do seem “left out” and aren’t mentioned with others among CS’ best groups. However, like you’ve said, they’ve been very strong lately and have been on great deals (Schwab and Ameritrade). I’m sure you’d get great deal flow whenever you’re planning on joining so I wouldn’t worry about it if you’ve talked with analysts and it seems like they’ve enjoyed their experience
Strong group, strong deal flow, and very well regarded within CS so there's good promotion opportunities (more relevant for ASO's) but it's also FIG so it won't ever be considered some super hot commodity by incoming analysts. Long hours, but that's typical for FIG. It's telling that in this year's re-shuffle of IBCM's org structure, FIG is the only industry group that remained on it's own. Believe FIG recruits separately from CS general pool at analyst & ASO levels, but not positive.
it’s true that they do their own recruiting. what do you mean they remain on their own?
Can you elaborate on the IBCM reshuffle? I’m an incoming SA, not sure what this means
Their Investment bank did a re organization to make their groups work better and to have a more organized team for different sectors I'm pretty sure. An example I know of is that TMT split into 2 separate groups and there is now a standalone Tech group as well as a media and telecom group.
Would you consider it a top FIG group on the street? Like top 5 or not so much? Looking into whether I want to apply directly to FIG or if I'd rather try for the general pool.
The application is still the same. You have to network with the people in FIG to tell them you are interested. Given that there is only a week left before they send first-round invites I think it might be difficult for FIG right now.
In London I would say they must be 6-8. (Should check historical league tables tho)
The first 4 positions are more or less fixed, then there are another 3 banks fighting to be close behind
HOLDDD UP. Haha what???
FIG is consistently the group the is roasted within CS. I honestly don’t know much about it, all I know is that everyone within CS says you don’t want to be in FIG lmao. They have to run a separate process because no one wants them during group selection.
I’m sure it’s still a decent group in terms of deal flow. I’ve heard it’s just extremely sweaty and exit opps aren’t that great given that it’s a niche group and not one of the stringer groups
Top groups at CS are FSG, LFO&R, and then maybe Tech and M&A.
Tru FIG's still FIG
why is it roasted? in terms of deals, they have worked on mega deals recently.
They don't run a seperate process necessarily they pull people out of the full process, there isn't a separate application its based on networking an resume from what I was told when I networked there
all facts
It's a sweatshop from what I hear. They basically own the SpecFin space (very niche). No one wants it because it's FIG. Same at every other bank. Who really wants to do FIG? I find FIG boring AF.
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