Generalist IB Programs? Pros Cons?
I'm looking for generalist platforms and want to know what the bests ones are on the street.
I feel that I like analyzing businesses, rather than specific industries. Would fin sponsors be a good proxy for a "generalist program" or are there pure generalist programs where one day I might pitch an industrials deal, but be staffed on a live consumer healthcare deal?
Does this exist and what are the pros / cons for this model as a junior?
In a generalist program. Legit can work on healthcare IPO, energy M&A and software dual track exit from sponsor in the same day. This is great but you don’t ramp up as quickly on an individual product/industry basis. Great exp though and great training
Any banks in particular that offer a generalist platform?
I know Centerview does
Most famous generalist program is Moelis. Think Centerview has started splitting people up by products at the very least. Moelis I think is the only true generalist program even in your analyst stint across industries and products (M&A, RX, Capital Markets)
There is another.
Which? As far as I know PWP, Laz and Centerview are only generalist throughout SA, if that
If interested in Dallas or Atlanta, Stephens’ Analyst program is a 2 year generalist program. You will get exposure across all industry groups as well as ECM, DCM, RX
Would a specific industry group or generalist program as a post MBA associate be better for someone looking to stay in banking longer term?
In a generalist M&A program. Pros: you learn a little about a lot. Cons: you learn a little about a lot.
If your goal is to learn about many different industries and business models at a high level, I think a generalist program would be great for you. However, if you want to actually become an expert on each business model or industry you encounter, I think this would be very challenging to do as a generalist unless you do multiple deals in the same space.
Moelis LA and NY are the best on the street for a generalist program
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