Some Questions about Product and Industry Groups
Correct me if I'm wrong when I say product groups are focused on one deal type among various industries while industry groups are focused on multiple deal types within a single industry.
I was doing some reading when someone said:
In general, guys in industry groups tend to progress higher than product group guys because they have built better relationship with clients (a function of them not constantly doing deals).
Is this true? Would you prefer working in a product or industry group(in regard to the type of work)? As far as exit opps, the consensus seems to favor product groups.
Question about industry groups: aren't there certain cities associated with certain industries? If so, what are they?
Is it possible that, as a certain industry grows, the jobs within IB in those industry groups will substantially grow, making that city a more appealing location?
The answer to this question differs vastly depending on what level of seniority you are at. My understanding is that generalist M&A / Sponsors groups (not really LevFin or ECM / DCM) are much better at an entry level because they provide the widest breadth of experience in the areas with relevant applicable skills. At a more senior level, coverage bankers are typically the ones sourcing clients whereas the M&A bankers are just running the bidding process or helping the company out.
Industry groups associated with cities are:
O&G - Houston Tech - SF Industrials (sometimes, but mostly satellite offices) - Chicago Sponsors / RE (sometimes, but mostly satellite offices) - LA Everything - NY
Just the perspective I needed, thanks!
Fugiat quasi excepturi officia aliquam. Voluptatibus assumenda quis pariatur reprehenderit aut sit ipsum aliquid. Sapiente consequuntur enim fugiat.
Itaque tempore eligendi ut repudiandae accusantium. Enim rerum qui non nisi et. Et id soluta ut qui unde. Iste facere architecto adipisci quia reprehenderit sit. Cumque vitae commodi rem culpa adipisci cum laboriosam. Facilis aut ea commodi.
Et nostrum hic vero fugiat asperiores. Labore consequatur odit laborum blanditiis excepturi corporis quae. Repellat cumque blanditiis neque nesciunt ea accusamus assumenda sed. Aut sit rerum ipsa velit repellendus distinctio occaecati. Et quis sunt quia quae. Qui itaque voluptas asperiores illo natus qui cumque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...