How do product groups and industry groups sit together
Why do people compare product groups and industry groups when they're not necessarily comparable? (GS TMT vs MS M&A, most notably) How do these different groups sit together under IBD? There would be significant overlap, right?
For example, I thought IBD was divided into the product groups (M&A, ECM, DCM etc), then under each product group, bankers are further specialized into their industries. So there would be no overlap, and a banker would call himself, for example, a 'GS TMT M&A banker'. If you know what I mean
So if a tech merger deal comes up, would that deal be given to the GS TMT people or GS M&A people?
If someone could explain how IBD is grouped out then it would be awesome
Bump
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