Groups at Lehman
In Lehman NYC, which groups would offer the best opportunities to transition into either private equity, hedge funds or anything else lucrative that I'm not including? If it were simply PE, then the answer is probably Sponsors followed by Lev Fin, but if we consider all lucrative exit options (after the 2 year analyst stint), how would other groups such as Communications and Media, Technology, Industrials, Natural Resources, etc. stack up? Would very much appreciate answer. Thanks!
LB's Natural Resources, Healthcare, Comm & Media are touted as our top groups.
how is the consumer group regarded on the st?
How does Leh - Energy rank? I thought it was one of the best groups.
Do your natural resource guys place well in the broad spectrum or does it somewhat limit you for buyside recruiting vs. industrial/consumer, etc.
The big buyside players on the Street all know which groups are the strongest at diff banks, so it doesn't limit you. I only know one guy from my class who's in N.Resources and he got an offer last month from a top 3 shop.
Best group at Lehman:
Natural Resources: by far the best group on the street (at least one large deal announced a week). Analysts typicaly complete 12-15 M&A deals in two years. Top placement at PE.
Comm & Media - All large comm deals announced within last 2 years, leh involved
Financial Sponsors (esp. LA) - great PE placement
Healthcare - great but not the best on the street (MS and GS are tops in this)
How do people view Lev Fin and Sponsors for PE placement? And how easy/difficult is it to enter Lehman's own PE? Thanks.
what exactly distinguishes the reputation of a firm based on location? like, say, why exactly is UBS LA better than UBS NYC (and why is Lehman's Financial Sponsors group in LA better than the other?)
People. Moelis is stationed out in LA, so deal flow is better.
at one point used to have something like 8 group heads based out office = more deal flow
ex-dlj guys run the office who were studs in the 90's. UBS HC is right up there with GS and MS.
its banking - every group / every bank is all about the people involved.
How does Lehman's real estate ibanking group rank among others on the street/at the firm?
also curious about consumer, and also wanted to ask, what groups should be AVOIDED. i've heard nobody wants healthcare, but is any of the other groups not as good or presents relatively weak exit options?
Merrill Lynch, Citi and JPM are by far the strongest in Healthcare. MS and GS are good but Healthcare is not one of either of their best groups.
Trust me not wrong about healthcare. The best groups for healthcare are MS, GS and Lazard. Look at every large deal done and those names will show up.
ML lost all of its guys in late 2001 and hasnt been the same since.
JPM is good and they hired a bunch of Piper Jaffray medtech guys so they will definitely gain ground
Citi sucks at Healthcare and all they do is crappy equity and debt issuances.
UBS HC is very strong
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