Industry vs service group??
On a day to day basis functionally on the actual work involved what is the difference for an analyst or associate in a industry group, say, healthcare, and an analyst or associate in a service group like M&A at an investment bank large enough to have both? I need to know quickly for two interviews and maybe an offer.
but also allow you to learn more in-depth knowledge of an industry (somewhat obvious). Product groups tend to do less pitching. It seems that in general on a day-to-day basis the product groups tend to do more technical work, while industry groups do more qualitative work. I'd say at the analyst level it seems like product groups have more exit opps. However, on a longer-term basis, it seems like people are paid more for industry expertise.
Thanks for the answer, especially about the exit opps and pay. Can you be more specific about what is the "technical work" in the product group and what is the "qualitative work" in the industry group? Thanks again.
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