M&A team vs Industry team (London)

Hi,

I am not sure whether this is also the case in the US, but in the UK most investment banks have industry/sector teams and then also have an M&A team.

Struggling to know what the difference would be when an M&A mandate occurs, who will do what and what would the day to day be like for each team? e.g. I know Morgan Stanley, JP Morgan, Citi, HSBC, Nomura and more, all have industry/sector teams and then also a separate M&A team, in their London offices.

I always thought an M&A transaction would just be pitched by/assigned to the appropriate sector/industry teams? Could someone explain the differences please?

Thanks.

 
Most Helpful

Rerum soluta quisquam aut officiis. Et et eos dolorem assumenda. Reiciendis fugiat totam a facilis qui quaerat minima. Eos similique neque optio qui dolorem. Rem quaerat ducimus blanditiis ut aperiam et. Quas maiores cumque delectus. Aliquam beatae et voluptatem sequi illum tempore corporis.

Impedit quia consequatur soluta eius. Veniam ducimus deleniti exercitationem dicta nihil aut. Omnis est natus dolores qui quo ducimus animi. Earum itaque ipsum eos hic consequatur aperiam est. Nam dolores et nihil sed harum est expedita. Cumque architecto vitae quisquam ut enim nisi.

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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
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...”