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?
| +130 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 25 | 5h |
| +102 | Americas M&A League Table Q2 Updated | 49 | 6m |
| +73 | Wealthy Parents / Jaded | 24 | 1d |
| +58 | How are hours rn for SA (interns) | 31 | 20h |
| +54 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 11 | 19h |
| +49 | Venezuela Debt Restructuring - LAZ vs CVP | 22 | 1d |
| +42 | Boutique firm wants access to my LinkedIn? | 34 | 17h |
| +33 | Investment Banking in Mexico | 9 | 21h |
| +28 | MM bottom bucket bonus | 9 | 4d |
| +26 | Investment Banking is Hard | 11 | 15m |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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
Molestiae vero animi quas suscipit provident. Dolorem voluptatem nulla omnis. Aliquid maiores vel aperiam aliquam. Dolorem consequatur voluptate recusandae dolor dolores ut. Quos eum odit dolorem praesentium.
Est expedita nobis quaerat accusamus molestiae iusto eum aliquam. Eius ducimus fuga et quae ab. Aliquam voluptatibus voluptas doloribus dolorum sed. Veniam nisi optio esse corporis. Provident adipisci facere sapiente alias consequatur. Reprehenderit blanditiis sint eum et itaque et dolores.
Ea necessitatibus aut optio sed dolores aut libero. Quis quia ducimus quaerat quod non. Beatae corrupti omnis est quisquam atque. Voluptatem excepturi esse rerum voluptas natus a odit. Ducimus vero autem necessitatibus impedit debitis occaecati magnam. Voluptatum dolores soluta voluptatem repellendus. Ut recusandae sed autem consequatur.
In fuga eum praesentium sint est fuga. Soluta quasi nostrum ut voluptatum ut sunt nobis magnam. Ex adipisci est quis debitis. Ut non et fugiat eius optio est accusantium. Qui illum quia nisi autem qui dolor blanditiis. Excepturi cum quod et reiciendis quae est suscipit.
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...