Least popular IB industry
What is typically the least sought after industry in investment banking? Why do you think that is the case?
What is typically the least sought after industry in investment banking? Why do you think that is the case?
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fig or pu&i — diversity chuds from semi targets dont have the brain power to model a CCGT
FIG is paradise
Del
As someone in PU&I. I agree
Prob RE
Is it because of relatively lower deal flow or lack of experienced bankers having a background in construction/real estate?
Cuz it pigeonholes you into Real Estate. Not sure how you intuited the two reasons.
1: Relatively lower deal flow - No the bank you are at determines this not what coverage group you are in
2: Lack of experienced bankers having a background in the field - No the two most popular coverage groups are Healthcare and Tech so it does not hold up
Anything very specialized and niche, like the above user said I'd probably guess Fig and O&G. P,U&I is hot rn but the modeling is bruuuutalllllllll
pub fin is pretty lowkey, people just don't know much about it and that has reverberating effects
Reverberating clout
What are people’s thoughts on chemicals? Does it pigeonhole are could you lateral to a broader industrials group?
my coworker lateraled to rx from chemicals lmao
Do you mind sharing what bank he came from and what bank he went to?
Do you mind sharing what bank he came from and what bank he went to?
I'll throw out metals and mining, it's actually a strong coverage group at most any bank with a decent industrials group, but man do you get pigeon-holed. There's always M&M/Industrials PE, but the industry-side exits suck mostly because you're working for a mining company lol
The kids yearn for the mines
Mining corp dev roles usually pay more than your typical corp dev role, but you’re right it’s boring because you’re working for a mining company
What exit would be good? Most people probably just prefer tech because it’s cushy and everything else is just a job
Mining corp dev roles usually pay more than your typical corp dev role, but you’re right it’s boring because you’re working for a mining company
What exit would be good? Most people probably just prefer tech because it’s cushy and everything else is just a job
Mining corp dev roles usually pay more than your typical corp dev role, but you’re right it’s boring because you’re working for a mining company
What exit would be good? Most people probably just prefer tech because it’s cushy and everything else is just a job
P&U is awful - avoid
What’s wrong with it?
It's niche like mining/O&G/RE but, unlike the other three, is also heartbreakingly boring.
FIG is actually interesting to me lol tbf 90% of people I meet can't understand FIG so I get it's a hard industry - makes my job even more secure relative to others lol anyway
Only downside is less PE roles but not zero at least lol
Anything that pigeonholes you is unattractive.
So, M&M, O&G, PU&I, FIG, and RE. That being said, it creates a wonderful opportunity for a young person who knows they want to specialize in that space.
Anything that pigeonholes you is unattractive.
So, M&M, O&G, PU&I, FIG, and RE. That being said, it creates a wonderful opportunity for a young person who knows they want to specialize in that space.
Personally disagree on FIG as a pigeonhole: exits I've seen to PE exist, either to MFs or FIG-specific PE shops. They remain competitive to TMT etc. especially more recently with rise of fintechs.
Ignore title also, can't seem to fix it.
Avoid PUI at all cost :)
Why?
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