Overrated / Underrated IB Groups on WSO

Generally speaking, not necessarily tied to one bank.

Overrated: Healthcare. I don't think most IB us monkeys do is "bad", i.e. raising debt or doing M&A; is most M&A necessarily good? Probably not, just due to studies that show something like 70% of transactions are capital destructive etc. etc. That said, healthcare M&A is bad bad. You're probably going to do some pretty terrible things working in a healthcare group, helping hospitals merge and become more consolidated and greater able to negotiate bad deals with insurance providers. Helping PE firms acquire retirement homes where the quality goes to shit as pennies are more efficiently pinched (some of the studies/exposes on PE retirement homes are appalling). The list goes on, and I think personally I'd have serious moral apprehensions on working in a HC group.

Underrated: Tech. Obviously this is one of the more hyped groups so it seems a bit odd to call it underrated, but the breadth of exit opps specifically from tech aren't talked about enough. Yeah you can do corp dev from energy, FIG, etc. but tech corp dev is leaps and bounds ahead of most groups' respective crop of companies in comp/wlb/prestige. VC is a really interesting exit opp that's quite difficult from any other group, and growth equity is a great medium between VC's benefits and PE's benefits. Then on top of that tech PE has performed very well and will likely continue to do so. Overall just a great sector to be in as someone starting out in your career.