Was wondering what does deal flow and exit opps look like for large MM banks like BNP, Keybanc CM, HSBC, and ING in the U.S. specifically from a lending perspective (e.g,, DCM, LevFin, Corp Lending, etc)?
Thanks!
| +233 | Coverage Banking is Paradise | 29 | 6d |
| +178 | UBS preparing for a October Layoff Massacre | 135 | 1m |
| +121 | London Recruiting is Paradise | 47 | 4h |
| +77 | My Motivation Is At An All Time High | 13 | 4d |
| +58 | Work and Suicide | 24 | 5h |
| +49 | Is 7 years in banking enough to retire, or am I delusional? | 27 | 11h |
| +46 | Do actual investment bankers despise IB TikTokers as much as I think they do? | 28 | 8h |
| +34 | MM IB --> NYC IB? | 17 | 1d |
| +27 | Should I escape the matrix | 5 | 16h |
| +27 | A Message to Students Who Think this Job Will Fix Their Life | 5 | 57m |
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.
Based on the most helpful WSO content, deal flow at MM banks can sometimes be challenging. Some MM banks may not be getting as many deals, which doesn't necessarily mean less work, but it might involve more pitchbooks and fewer live deals. This could potentially impact your deal experience.
As for exit opportunities, it's important to note that many analysts at MM banks view the MM banking path as a career rather than just a stepping stone to get to PE. There are many good MM and UMM PE shops that place well into M7 business schools if that's your ultimate goal.
However, it's also worth noting that there are a number of factors that can influence the movement between large and small funds. For instance, there are simply more MM funds than large funds out there, and folks who work at the larger funds generally have better academic credentials.
In conclusion, it's crucial to evaluate where in the PE market you want to participate and pursue those opportunities. There are some very good threads on WSO discussing the differences among the different market segments.
Sources: https://www.wallstreetoasis.com/forum/private-equity/then-and-now-compbanker?customgpt=1, Middle Market Banking Exit Ops, what do they look like?, 5 Reasons to Avoid Working in MM Investment Banking (Other than Prestige/Exit-Ops), What Field Are You And in What Broad Region?
Facilis harum in debitis alias. Sapiente commodi saepe ut rerum illo voluptatibus amet asperiores. Ab qui aliquid fugit voluptatem sunt laboriosam quasi. Veniam itaque quia inventore maxime aut suscipit. Enim necessitatibus et aut adipisci tenetur. Ut et optio et reprehenderit nulla.
Quia tempora temporibus voluptas fugit suscipit enim. Temporibus perspiciatis non nisi ut. Necessitatibus rerum tempore quo consequatur esse voluptatum distinctio ratione. Et temporibus quod animi voluptatem aut.
Placeat culpa et voluptas laboriosam officiis velit temporibus. A voluptatem atque aut fuga est veniam asperiores. Consectetur deserunt sint maiores maxime aut et id. Doloribus qui soluta similique ab.
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...