Product Group Advantages???

As the title suggests, I’m curious about the advantages of working in a product group within an investment bank. In particular, I’d like to understand how the experience differs from working in an industry coverage group — in terms of deal exposure, skill development, client interaction, and career trajectory. Are there specific benefits in terms of modeling depth, transaction variety, or exit opportunities that make a product group stand out?

2 Comments
 

Product groups will give you deeper technical expertise in that specific product. Depending on the bank/group, you may also be generalist so you’ll get a high-level exposure to all types of companies and industries.

Coverage is basically the opposite. You get a high-level understanding of all the products (still technical just not as deep), but become an expert in your sector.

 

Veritatis dolore quia autem officia. Debitis debitis nulla praesentium sit quae qui. Omnis et libero blanditiis ea voluptatem. Optio ipsam voluptate architecto autem. Esse ea qui nesciunt molestiae commodi voluptatum quia placeat. Repellendus id pariatur enim temporibus.

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

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
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...”