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There is no ‘complete list,’ as each bank has different groups or calls them by different names. For instance Piper Jaffray has an Agriculture, clean technology, and renewables group - no other bank I’ve seen has that specific group. Also, note that the roles of groups differ among banks even with the same name. Ex. - Goldman doesn’t have an M&A group, but rather spreads those duties across coverage groups. Another ex. is the Financial Sponsors Group, which can be very different between banks or between the MM & BB levels.

Many banks have posted lists of their groups on their websites, and I’d recommend simply going to those sections. Here are some of the groups I can think of:

  • Public Finance/Municipal Finance
  • ECM
  • DCM
  • M&A
  • Restructuring
  • Leveraged Finance
  • Financial Sponsors
  • Securitization/Asset-backed Finance
  • Real Estate
  • Financial Institutions (FIG)
  • Financial Technology
  • Consumer/Retail/Food & Beverage etc.
  • Technology, Media, Telecommunications
  • Industrials
  • Healthcare
  • Energy/Oil & Gas
  • Power/Utilities
  • Natural Resources
  • Government, Defense, Aviation, Security
  • Infrastructure/Transportation
  • Gaming & Lodging

Hope that helps!

 

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