Happy to shed some light based on my experience having interned both in a coverage group and M&A group. In coverage groups (well in my team anyway) we tend to do more pitching as opposed to execution. Usually, we provided the industry pieces in client discussions/deliverables and the M&A team is more involved in the process management (day-to-day logistics) of a deal. So from this, I think on the whole, M&A analysts tend to have more deal experience. M&A teams still work in pitches but not as much as coverage groups. At the M&A places I was at, I spent most of my time on mandates and very little time on pitching. I think in general, coverage groups tend to hold the pen on the model so get more modeling experience - but this could be team and bank dependent but could to check with the team you're interviewing with.
With regards to CS's London M&A team - I've heard it has a good culture but probably not in the top 3 M&A team across the BBs (which is predominantly dominated by MS, GS and JPM)
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Happy to shed some light based on my experience having interned both in a coverage group and M&A group. In coverage groups (well in my team anyway) we tend to do more pitching as opposed to execution. Usually, we provided the industry pieces in client discussions/deliverables and the M&A team is more involved in the process management (day-to-day logistics) of a deal. So from this, I think on the whole, M&A analysts tend to have more deal experience. M&A teams still work in pitches but not as much as coverage groups. At the M&A places I was at, I spent most of my time on mandates and very little time on pitching. I think in general, coverage groups tend to hold the pen on the model so get more modeling experience - but this could be team and bank dependent but could to check with the team you're interviewing with.
With regards to CS's London M&A team - I've heard it has a good culture but probably not in the top 3 M&A team across the BBs (which is predominantly dominated by MS, GS and JPM)
Ipsam voluptates et delectus corporis beatae deleniti atque. Autem necessitatibus voluptatem reiciendis illum sint delectus et. Officia accusantium quis eos voluptatem dolorem. Quis quas nihil amet sed accusantium ipsum non. Qui minima assumenda praesentium ipsam recusandae.
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