What Field Are You And in What Broad Region?

The reason I ask this is because some areas are harder to find jobs in and I found a job in an area that does not have too much.

I currently work in VC in the LA area.

NOBODY has to get specific if they are uncomfortable. If you want to name your city, state, or even country, make it as broad as you want.

Some people struggle to find jobs in certain areas that are limited, so it would be nice to where most people in what industry live/work.

 
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In terms of opportunity, there are multiple ways to look at this:

  • IBD revenues: FIG teams usually have the highest group revenues. Usually driven by DCM and ECM, but M&A plays a role as well. While the capital markets teams usually cover banks and insurance, the M&A vertical usually also covers (at least my experience) fintech, which helps in the deal flow.

  • dealflow: dealflow in continental Europe FI (my experience only here, maybe someone else can chime in as well) is really strong. At the moment there is lots of consolidation going on. The biggest sector here is private equity firms that start closed book consolidator vehicles that buy up (mostly) life and pension books. This drives lots of volume and gives you great exposure to the biggest PE’s in the world, even when working 50-500 million deals. Also, smaller banks are bought as buy-and-build platforms (owned by PEs) or by larger banks as they need scale in difficult market circumstances. On top of that there are a lot of divestitures by large banks as they focus more on their core business.

  • Experience & exits: because FIG teams (at least mine) don’t only do banks and insurance, but also fintech, we get really broad exposure, and also do the traditional EBITDA deals. This means that in terms of modeling, the skillset is quite broad and in demand at headhunters. Seen some guys leave for GS/JPM/MS in London, as well as a couple of VC and TMT focused PE exits.

If you have any other questions, let me know. Be happy to answer if I can.

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