Question for current/recent coverage group IBers at Goldman Sachs.

I ead this online:   

“At other banks, when a deal goes live, the M&A group will get involved and responsibilities get split between the industry group Analyst and the product group Analyst. The M&A group will often take over ownership of the model and the industry group Analyst’s experience gets diluted.  

At Goldman, the industry group Analysts (most Analysts are in industry groups btw) own the execution of the whole process from start to finish.  That means you’re not only learning what the coverage guys know about the industry, but you’re also running the model – not the M&A group. 

GS is probably the only BB we know whose M&A group doesn’t do modeling. So as an industry group Analyst, you get to see up close how a deal is structured, why it makes strategic sense and how the M&A process works.”  

Is this actually correct about coverage groups at GS and the way the work and analysis/modelling is done?