Stupid to start FT in Sponsors/LevFin?
As a FT starting this june, is it stupid to work in one of these groups given market turmoil? Could you potentially have a diluted experience or build a weaker skill set as a result?
Thoughts?
I would love to hear some opinions on this as well
I'd be surprised if these groups let you start FT. From what I've heard, a lot of Lev Fin guys are either being asked to switch groups or layed off. I highly doubt that banks will bring in their full class of LevFin FT hires. Haven't heard too much of sponsors but there's more work to be done w/ the portfolio companies of these financial sponsors.
How would a lack of lev/sponsors work play into PE recruiting say two years from now? Would PEG's requirements for a pre-mba associate change?
And personally I'd avoid these groups right now even if you CAN work in one of them. I haven't heard of a single LevFin group without layoffs so far.
If you don't work on as many deals, you will most definitely get a weaker skillset as a result. Deal experience is what really makes you valuable so you need as much as possible.
If it's your only option for getting into banking right now (this is HIGHLY unlikely but just in case...), sure, go and do it. But I wouldn't put it at the top of my list.
So what groups would you recommend? Any coverage group, or are certain groups looking more attractive for the foreseeable future?
I would like to know this too. Could someone pls advise?
really glad someone started this forum i am currently scheduled to join a sponsors group for the summer though I have begun exploring other coverage groups as well if i think that i might not be hired by the sponsors group, but that the firm will most likely keep me for full time regardless of what group i join, should i be seeking other options. any advice would be appreciated
bump
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