LMM M&A vs Truist
Need to decide between two offers. As the title says, one is a LMM M&A focused shop and the other would be truist in one of their industry coverage teams. I know I would get more M&A reps at the smaller shop, but would that factor make the experience more valuable if I have the ultimate intention to go into pe?
bump
Is this for FT? If so when was your superday and when did you hear back? I had my SD last Tuesday for NYC and its been radio silent.
Exits will probably be better at the LMM M&A focused shop tbh
Depends on what the LMM shop is. If reputable, then that, if not then Truist. Hard to give any other advice without knowing what shop.
What’s a good comparable bank to Truist?
Truist is a disaster when it comes to M&A lately. I'd take a decent LMM shop over it.
Man this is just terribly false information
I worked in one of Truist's coverage groups for almost 2 years and didn't touch a sellside once
All the Truist loser fan bois in here throwing MS because they mad they haven't touched M&A during their analyst stint.
Fr
Congrats on Truist to all the scrubs throwing MS in the comments
I’ve worked with Truist people and it’s group dependent regarding their performance. Their M&A work is definitely limited and they will be the lead-left for only a handful of transactions, but people calling it a disaster are either disgruntled because they got laid off in the last 1-2 years or they are at a MM shop that keeps losing mandates to banks like Raymond James.
Truist is probably a better opportunity if you want variety of product exposure on the coverage side. You will get M&A reps (probably not many unless the market picks up), but you will also more likely get good exposure to ECM and DCM because some coverage groups take the lead internally rather than the product side. But if you want strict M&A advisory experience and the bank you stated has good deal flow and the exits for the previous bankers align with your goals, then totally go for that.
While Truist did hire a bunch of senior bankers from top banks, don’t buy into their growth story that management has made a permanent part of the bank’s entire story.
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