Metals and mining IB in Europe

Hi everyone,

I'm very interested in possibly working in Metals and Mining investment banking and potentially following a career in something like CorpDev at a firm like Glencore or working directly in a mining company but I'm having trouble finding detailed information on the subject. I have a few questions and would appreciate any insights you can provide:

  1. Does the Metals and Mining field (particularly for banking but also in general) have a significant presence in continental Europe (e.g., Paris, Geneva, Zurich), or is it primarily based in London?
  2. In Europe, including both the continent and London, which are the top groups in the sector? Are any of the top groups part of Energy, Power/Utilities, or Industrials, or are they typically separate coverage groups? On this note, is there a list of which banks have their own dedicated Metals and Mining group, any of the EBs?
  3. Are there any other specific coverage groups that could still open doors to this field? Is perhaps general experience at a good investment bank sufficient to be competitive for this type of exit opportunities?

Thank you in advance. 

6 Comments
 

Based on the most helpful WSO content, here's what you need to know about Metals and Mining investment banking in Europe:

  1. Presence in Continental Europe vs. London:

    • London is the primary hub for Metals and Mining investment banking in Europe. It serves as the go-to capital-raising and advisory center for the mining sector, with many global mining companies and financial institutions having a strong presence there.
    • Continental Europe, including cities like Paris, Geneva, and Zurich, has a smaller presence in this field. Geneva, for instance, is more known for commodity trading firms like Glencore, but not as much for investment banking in Metals and Mining.
  2. Top Groups in Europe:

    • In Europe, the top banks with dedicated Metals and Mining groups are typically the larger bulge brackets and some elite boutiques (EBs). These groups are often separate from Energy, Power/Utilities, or Industrials, though there may be overlaps depending on the bank.
    • Specific banks with strong Metals and Mining coverage include Citi (noted for its global HQ of Metals and Mining in LA but also active in London), and other major players like BofA, Goldman Sachs, and JPMorgan. Elite boutiques like Rothschild may also have relevant expertise, especially in M&A.
  3. Dedicated Groups vs. Overlaps:

    • While some banks have dedicated Metals and Mining groups, others may include this sector under broader coverage groups like Energy, Power/Utilities, or Industrials. It’s essential to research each bank’s structure to understand where Metals and Mining fits in.
  4. Other Coverage Groups for Entry:

    • General experience in a strong investment bank can still make you competitive for exit opportunities in Metals and Mining. Groups like Industrials or Energy/Power/Utilities can provide relevant exposure, especially if they touch on mining-related deals or commodities.
  5. Exit Opportunities:

    • A career in Metals and Mining IB can lead to roles in corporate development at firms like Glencore or directly within mining companies. Having experience in a dedicated Metals and Mining group or relevant coverage group will strengthen your candidacy for such roles.

For further insights, you might find this thread helpful: https://www.wallstreetoasis.com/forum/investment-banking/qa-metals-mini…</a">Q&A: Metals & Mining IBD Analyst. It provides detailed perspectives from an analyst in the field.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Non-M&M banker here but hear good things from the Canadian / Australian banks, RBC, Macquarie, BMO, CIBC etc have very good teams (not sure if its London specific) but i think M&M is quite a globally-focused sector, that you'll be covering companies in countries beyond whatever region you're in. 

 
Most Helpful

Odit et minima ipsum excepturi harum sint. Rem qui ipsum omnis sed molestiae eius. In architecto eius odit dolores ea sint vero. Cum autem quas beatae vel accusantium.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
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...”