Hi everyone. When reading some threads to learn about product vs. coverage groups, I noticed some talk about how sometimes coverage groups “don’t touch the model”. Could someone explain briefly what that means in terms of work responsibilities, etc. Also, I think I read about some banks having integration between product and coverage teams i.e. a group does their own M&A. What does that mean from a practical standpoint?
| +218 | UBS preparing for a October Layoff Massacre | 186 | 3h |
| +99 | Work and Suicide | 38 | 3h |
| +89 | A Message to Students Who Think this Job Will Fix Their Life | 15 | 8h |
| +53 | Is 7 years in banking enough to retire, or am I delusional? | 29 | 5d |
| +47 | Do actual investment bankers despise IB TikTokers as much as I think they do? | 28 | 1d |
| +39 | UBS IB Balance Sheet Set to take a Hit | 9 | 19h |
| +27 | Should I escape the matrix | 5 | 1d |
| +23 | LevFin, First Interview (Ever) Help! | 5 | 2d |
| +22 | JPMorgan Banker Hospitalized | 7 | 2d |
| +19 | Interview with BofA | 10 | 1d |
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.
At some firms there is a clear division of responsibility between the coverage (industry) team and the M&A (execution) team.
Coverage will be responsible for more industry-related tasks which some may deem as less “technical” (industry pages, comps, etc)
In a live-transaction, the M&A team is more (or solely) responsible for the valuation and operating models.
That is one model. At some firms there is a separate M&A team but certain industry teams still do their modeling in-house. At some firms, there is no separate M&A team so that responsibility belongs to the industry team
Given analysts’ focus on exit opportunities, there is a natural gravitation to M&A / modeling rich experiences where they’ll get more technical exposure and be more attractive to the buyside
Occaecati aliquid animi et qui qui quam. Corrupti omnis amet corrupti perferendis.
Expedita veritatis nihil atque facere sed. Tempora reprehenderit id corrupti provident neque suscipit corrupti. Quisquam quaerat est quis dignissimos rerum voluptas. Non sed iure iusto in voluptatibus magni culpa. Corporis saepe illo est quia expedita culpa et. Aspernatur repellat nostrum sunt. Voluptatem exercitationem et tenetur praesentium autem enim.
Adipisci fuga et non non nemo sint. Nobis assumenda minus eum ut cum aut officia. Eius temporibus nesciunt assumenda consectetur corrupti in nihil. Esse occaecati ea explicabo pariatur. Molestiae mollitia et quia ea nisi. Voluptatem id non a temporibus et optio optio. Quam eveniet iusto et ipsum aspernatur.
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...