Easiest Coverage Group to Lateral into for IB?
I'm looking at lateraling into a coverage group after about a year of experience in a related role at a bank. Good school + GPA + prior internship experience if that helps. I also started talking to alumni from my uni who can help and was spending the last few months going through the BIWS course so I feel good about performing if I get interviews soon.
My question is since I don't have direct IB coverage experience, what kind of coverage group would usually be easier to lateral into at a bank? Should I be thinking about it based on what coverages are usually less popular or those that have easier modeling to learn? I'm casting a wide net but just trying to get a more focused strategy for recruiting.
ECM is the easiest group
Generally Sponsors, unless it's one of those rare Sponsor groups that run the model
Any more thoughts? Is tech easier on the modeling end? Curious to hear
Consumer and retail, business services come to mind. Simple businesses to understand and don’t require super niche modelling understanding. Tech would be there also but would say it’s harder to break in as a generalist since there are so many tech focused boutiques with analysts ready to lateral to bigger banks
Are these popular groups generally? What are less popular ones
Think people in the comments are approaching it wrong - not easiest modelling but the ones most likely to have open spots, which are probably very sweaty groups.
Itaque voluptatem quos sit voluptatem cupiditate vel et. Non aperiam voluptates consequuntur adipisci non. Qui et quaerat dolores voluptates nam delectus.
Quasi repellat odit veniam vel incidunt est et. Dolorum ipsum officiis quia doloribus.
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...