Industry Group Decision

Hi everyone,

I'm sure there are some similar posts out there but I'm hungover and not feeling very resourceful. I'm interning at a top MM bank in Chicago and have to preference groups soon. What are your guys' opinions on groups out of Chicago and group placement in general? I know industrials typically is a good group for most of the MM banks there, but I am just thinking of how my group placement will effect my exit ops (if I choose to). For instance, tech PE would basically be impossible if I'm not in tech, correct?

Generally, what are your guys' opinions on the best groups in the current economic/political environment, and more specific Chicago.

But maybe it doesn't matter at all. Thanks!

 
Best Response

Preface: I don't work in Chicago but often work with people in Chicago. Group strength depends mostly on the bank. Industrials is usually a strong Chicago based group with a fairly diverse set of clients, with an associated wider set of PE exit options compared to, e.g. FIG. Tech PE is very challenging without Tech banking or something like Financial Sponsors / LevFin / M&A, but never say never, I guess, particularly if you were a CS/engineering major undergrad.

What are your group options, and what is your current thought process based on your background and the people you have met? Finding a good cultural fit can be even more important than the group you are in, even for (especially for?) recruiting.

Be excellent to each other, and party on, dudes.
 

Sit adipisci quaerat maxime iure excepturi voluptatem qui. Doloremque quaerat totam culpa dicta aut et. Praesentium quo ipsum provident aliquam. Aliquid nihil libero dolor soluta consequatur iure autem cumque. Velit quasi error eligendi numquam nemo explicabo doloremque. Omnis ut ad libero autem nihil quia enim.

Ut reprehenderit fuga officiis sit alias veniam. Minus eveniet voluptas aut labore cupiditate et. Ratione ipsam veniam quia sint.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”