Doubts regarding IB Industry groups
I was researching about Investment Banking and came across way too many terms and understood some of them ig. So I kinda understood what product groups are they only work on specific types of deals like M&A and restructuring but I am quite confused about "Industry Groups". Here are my questions
1) What do Industry groups actually do? do they work on every type of deal in a specific industry?
2) What are the different Industry groups? I found a few online like TMT and Healthcare and would like to know the rest as well
3) Does being a part of specific Industry groups affect your exit-opps to PE and HFs?
And yea sorry for sounding dumb I just finished high school and I don't have anyone in finance so any replies would be really helpful. Thank you
Not a dumb Q at all.
Hope this helps! Please note that every bank is slightly different, but this will give you the gist.
https://www.mergersandinquisitions.com/industry-groups-vs-product-group…
Thank you so much I'll go through the article
1,2) Industry groups within IBD typically cover M&A advisory under a specific industry. Depending on where you work, industry groups will also cover ECM and DCM (esp at BBs) whereas EBs will focus on M&A and sometimes restructuring. Occasionally you also advise on other types of deals ex. Activism. Common industry groups would include industrials, healthcare, consumer, tmt, real estate, infra, energy/natural resources etc. 3) really depends, for instance certain PE roles like REPE would require real estate experience. But I believe given that you are first/second year analyst when you exit, you don’t have time to specialize yet. What could potentially make an impact is being at a group that’s top of the street or of your firm (ex GS TMT). Hope this helps.
Thank you so much for your reply
Simple way to think about it is that product groups focus on a specific type of work for companies in different industries while industry groups focus on different types of work for companies in one particular industry.
Common groups are T/MT, Healthcare, Industrials, Real Estate, Consumer, FIG, Energy, etc
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Also often called Consumer (&) Retail groups deal with companies you are probably most familiar with since they sell directly to consumers through means such as retail.For example firms like Pepsi, Nike, Manscaped, etc
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