Mid tier group at Mid tier bank
Currently An1 at a mid/low tier bank (think DB, UBS, WF, CITI). Also in a mid/low tier group that does not get a ton of M&A compared to other groups at my bank or on street. I like my industry but hate the deals. What are exit opps looking like with not a ton of M&A. My group does a lot of bonds and loans. How bad does this effect exits and what should I do to better position. Do I try and lateral to another bank/group internally or are there decent exit opps despite not the best deal experience
Bump
Congrats on Wells Fargo
Dude put in WF in the same line as Citi, UBS & DB
yea lol idk what this guy is thinking. How tf is WF comparable to UBS/DB, let alone Citi?
Citi's peers are BofA, CS, and Barclays, UBS and DB are peers, and WF's peers are Stifel, TD, and RBC
I literally just made another post about this. Are you in real estate? I'm in a "coveted" coverage group but somehow not getting M&A experience either.
I’m in Financial Institutions Supposably the group has been down the last 2-3 years in M&A
What bank? Will be an intern at one of those 4
REGL often consists of ecm / dcm. Not a bad place to be in though and you still occasionally get some M&A here and there.
You might be surprised to know that I'm getting practically no M&A experience in healthcare coverage. We pitch a lot of biotech companies and they all want to IPO, not sell themselves to bigger pharma/biotech companies.
Might be easier to lateral to a different group within the same bank
Get some experience, then lateral to a different bank but in the same industry group where they do more M&A
Private Credit
I hear that is a good exit for debt heavy groups or LevFin. Are there any paths to LBO MF or does this require a lot of M&A?
That is more common for M&A or Lev Fin
Just lateral to an EB or top bulge. It's trivially easy to lateral up.
You stated below that you work at UBS, honestly would try lateraling to a different bank, perhaps to a mid tier BB or another UMM like Jefferies. UBS/DB tbh are not even BBs anymore, they don't really even make the top 20 in the league tables.
I’d go for UBS or Citi. But can’t go wrong here.
UBS isn't even a low tier BB anymore they work with pretty much just MM clients and large European firms. From what I have seen here, most of those go to London. Same with DB. Citi pays awful but that is def a step up M&A-wise and exits too. May consider a jump
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