Trying to decide between a full-time role joining FIG at a BB, or a sector team at a MM.
My motivation to join the BB is down to the culture. I interned there over summer, and I really enjoyed it. The people were supportive and down to earth. I interned within the NatRes team at that time, and my hours were not too brutal - although, I didn't work on any live deals at the time so I know the hours weren't representative of the hours of an Analyst. I'd be joining the FIG team now, but I'm still on very good terms with my old team and I feel I already have an existing network to leverage once I join. The analysts are super chill and I'm on good terms with some of the seniors.
But...I'd be joining FIG. I'll admit to my ignorance of career paths and exits, but I've heard that FIG can pigeonhole your career, especially if looking to move into PE. How true is this? Would you have to lateral to another sector before considering an exit? Or, would it be my responsibility of trying to involve myself in deals in sub-sectors such as Asset Management and FinTech where the usual EV/EBITDA valuation is used? Honestly, I'm not even ruling out a long-term career in banking, but I do want to know how difficult it'll be to leave before I commit.
On the other hand, I could join the usual sector team at the MM. Been through many, many interviews with them, and they seem chill, but it's hard to tell what they culture will really be like as an Analyst. Hours are also supposedly a lot worse here.
Anyone have any advice, or been in a similar position? Any idea on how I should approach this decision?
BB hands down, especially if you like the team and culture.
You'd be stupid to join a middle market firm only because of the sector - no one gives a f**k. I am at a BB in FIG and asked one of the main PE HH directly if sector matters - the answer was a clear no.
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Depending on the team Jefferies places pretty good into PE, especially the LevFin team will be boosted, since they just got a licence in e.g. Germany to finance transactions and currently have some pretty aggressive terms, that gives them a lot of dealflow.
Would FIG be at GS/MS/JPM or rather BAML/CS/etc?
Hmm, okay. I'd be joining Industrials at Jefferies. And FIG would be at Barclays.
I would go Barclays then if you know you like the people their
but then again FIG isn't in one of their cohorts, and i heard that Jefferies industrials is quite a good team so it depends whether you like the guys down at Jefferies
btw I thought NatRes hours were brutal at barclays as it's a strong group their, I guess not then?
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