M&A group at lower tier BB (RBC/HSBC) or coverage/levfin at BB middle tier (CS/BarCap/Citi)?
Friend asked me which was better in general and for pe exits and I wasn’t sure. Curious to hear thoughts and advice.
Friend asked me which was better in general and for pe exits and I wasn’t sure. Curious to hear thoughts and advice.
| +138 | UBS Catastrophic Q1-Q3 26, M&A -17%, Outside Top 10 in Americas, EMEA & APAC | 37 | 1d |
| +60 | PWP acquisition by Piper cancelled | 23 | 1h |
| +46 | No return offer - UPDATE. | 11 | 16h |
| +29 | Evercore poaches Baird DC Defense Team | 18 | 19h |
| +28 | Houston banking Gods ? | 16 | 2d |
| +21 | Normal for lateral process to go +2 months? | 4 | 1d |
| +21 | Best Houston Banks for Culture in 2026 | 14 | 15h |
| +17 | Lack of talent in IB! | 19 | 7h |
| +17 | Internal lateral from coverage to M&A (focused on coverage) | 4 | 21h |
| +15 | How standard is weekend work in IBD? | 7 | 2h |
Career Resources
Coverage / Lev Fin at Mid
If it's HSBC M&A then definitely wouldn't select that over the other options. If it's RBC M&A I'm not entirely sure, but it'd probably be up to preference. Only bringing up the difference between the two banks you mentioned because M&A at HSBC is significantly worse than HSBC's Levfin, which isn't great for exits to begin with.
M&A =/= PE exits lol. Take coverage/Levfin at the better bank 10/10 times. Especially if it’s CS LevFin
There was just no need for you to call RBC/HSBC "BBs"
HSBC... Lol... Do they even do M&A deals?
Aut quis libero quisquam quam vero explicabo enim. Consequatur modi totam praesentium. Sapiente cumque deserunt consequatur voluptates aut voluptatem. Quia reprehenderit totam ut mollitia quia velit quia. Laborum commodi unde consequuntur earum ipsa quod voluptates.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...