Starting a FT at one of these two in September. Curious to find out how well these two groups exit in London
Are exits slightly worse than the average group at either bank given it’s FIG?
Understand that in NYC GS FIG for instance is seemingly quite well regarded on this sub but no idea how that’s translate to London
| +231 | Coverage Banking is Paradise | 29 | 6d |
| +150 | UBS preparing for a October Layoff Massacre | 102 | 2h |
| +116 | London Recruiting is Paradise | 46 | 6h |
| +77 | My Motivation Is At An All Time High | 13 | 4d |
| +55 | Work and Suicide | 23 | 1d |
| +49 | Is 7 years in banking enough to retire, or am I delusional? | 27 | 5h |
| +45 | Do actual investment bankers despise IB TikTokers as much as I think they do? | 28 | 2h |
| +34 | MM IB --> NYC IB? | 17 | 1d |
| +27 | Should I escape the matrix | 5 | 10h |
| +24 | Negotiating VP Sign-On Bonus (NOT Tied to Deferred Comp)? | 22 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Interested
You can't go wrong, it is a bit sweaty, most exits are viable. I would know cause I'm in there rn.
Bump. Also curious to know the same topic in HK context, as SA stint is coming
Friend worked at BB in their FIG group and can honestly say that it pigeonholes a fair amount. He mainly got recruited for FIG PE and had to change group to broaden his opportunities. Work can also be quite dry apparently, a lot of insurance stuff depending on the bank.
Exits will mostly be FIG related. Will be difficult going to vanilla PE but it does happen.
I started in a BB FIG team in London. All exit options should be open, I had advanced processes with MFs (both FIG and generalist) as well as special sits type shops. Went to MF FIG for reference.
I think it’s just incumbent on you to push to recruiters that they should put you forward in generalist PE processes (if that’s what you want). My experience has been that once you are in the process, then it’s very meritocratic, i.e. the sponsor hires whoever they think is best during the process and don’t care whether they’re from GS TMT or CS FIG.
From a skills perspective, I think FIG positions you as well or better than other groups for a generalist PE role, simply because FIG can be so much more difficult. If you can competently run a run-off life insurance model then you can easily pull off an LBO (the reverse is not true). There’s also lots of FIG work that is more EBITDA-based in any case (e.g. payments).
Which is better, GS TMT vs. CS FIG?
Reiciendis necessitatibus nisi sed qui modi labore. Labore enim quod deserunt non. Nihil natus asperiores voluptas quaerat. Consequuntur consequatur deserunt consequuntur excepturi quisquam est optio.
Quod est dolore nesciunt et culpa esse rerum aliquid. Et repellendus aut blanditiis eos voluptatum quia. Sed dignissimos aut eos neque et modi sunt. Culpa qui et sit aut voluptatibus sunt.
Vel modi quia ad ipsa. Voluptatem asperiores nesciunt officiis voluptas suscipit tempora. Sed omnis eius voluptatem tempore praesentium reprehenderit. Id ut a recusandae reiciendis inventore cum. Dolorem a est et odio error distinctio et iure. Ut in ut consequatur consequuntur nam sint eaque.
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...