Comments (30)

  • Intern in IB - Gen
6mo 

I already got placed in FSG

5mo 
hexek76166, what's your opinion? Comment below:

Not at CS but how? lol

Aren't they doing it in 2023?

  • Intern in IB - Gen
6mo 

FSG vs M&A for PE placement?

4mo 
IBsucker, what's your opinion? Comment below:

I am just curious to understand your reasoning behind suggesting FSG at this point. With the capital light business model and reduced capability for financing, would FSG still be able to execute as much as it used to do before? Or would it become more like FSG at Evercore or other EBs, where you are mostly just managing relationships?!

  • Intern in HF - EquityHedge
5mo 

You'll get placed sans an internship, as CS will cease to exist.

  • 4
  • Intern in IB - Gen
5mo 

x

  • Intern in IB - Gen
4mo 

bump

  • Analyst 1 in IB-M&A
4mo 

Following, want to see what our incoming interns think

Most Helpful
  • Analyst 1 in IB - Cov
4mo 

Top groups for exits are M&A and FSG but don't be that jabroni that puts them in your top three.

If you pick FSG, make sure the two other groups makes sense story wise (FSG works a lot with sponsors on debt related transactions). Would go with LevFin (Solid group) and a debt heavy coverage group (industrials as an example).

If you pick M&A, obviously pick two other coverage groups that are M&A heavy.

Outlook on CS groups, who knows. Makes sense that M&A will become the focus but think in the next 2 years FSG will still be a great experience / set up for exit ops. Most of the heavy hitters seniors stayed / they will still be on sponsor led M&A transactions. Additionally, they don't work much and can load off work on coverage groups. Looking back, would value less hours and a solid experience over anything else.

Above being said, if you're at a semi or non target you are at a disadvantage for these two groups. I recommend folks from this background to start networking in ~November with FSG / M&A and come January focus on the group that you've spoken to the most from the two. Also have a solid coverage or product group as a plan B. Fly to NYC if you can before placement and let the juniors you've networked with know. Ideal would be they offer to bring you in the office and get to meet other juniors.

That's the playbook, good luck and try not to stress it (you can always try to lateral groups in the summer or to another bank)

  • 2
  • Analyst 1 in IB-M&A
4mo 

Any thoughts on C&R, M&T and Tech?

Thanks!

  • Associate 1 in IB - Cov
4mo 

Prefacing this by saying that I don't work at the firm and nor have I ever…but I'm in a TMT group at a competitor and it seems like a lot of the senior TMT people at CS have left/are leaving. I believe their group head left to Wells Fargo and we get plenty of resumes from analyst and as far as I know we get quite a few from senior bankers as well. That's not a good sign given the relationship nature of this business. 

  • Intern in IB - Gen
4mo 

Top groups for exits are M&A and FSG but don't be that jabroni that puts them in your top three.

If you pick FSG, make sure the two other groups makes sense story wise (FSG works a lot with sponsors on debt related transactions). Would go with LevFin (Solid group) and a debt heavy coverage group (industrials as an example).

If you pick M&A, obviously pick two other coverage groups that are M&A heavy.

I would disagree with only putting one or the other to ensure a consistent story. M&A and FSG are both industry agnostic teams with in-house modeling, so I think anyone who is seeking a more technical generalist experience could reasonably pursue both groups. I would say the only con of the approach is that M&A and FSG are highly competitive, so you'll need to network more aggressively for not one, but two teams. 

Source: I interned at CS a couple years ago (might be dated info) - put both M&A and FSG in my rankings and ended up with one

  • 2
  • Analyst 1 in IB-M&A
4mo 

Can you provide some insight on Industrials and C&R?

Thanks in advance.

  • Intern in CorpFin
2mo 

Does anybody know when we will hear back about placement?

  • Incoming Analyst in IB - Gen
2mo 

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  • Intern in CorpFin
2mo 

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