13 Comments
 

Very firm dependent. M&A is best for exit ops and deal flow, but other groups are highly dependent on bank

ECM/DCM are generally good for work life balance and still make street comp, but don't have the same exit ops as top M&A.

Array
 

I think that without a doubt Sponsor groups are the best coverage groups. They are often very small or highly selective which is why they don't get a lot of buzz. But they work with PE/HF/family offices which essentially opens the doors for the possibility if you are looking to move into buy-side. I have also heard that bonuses are rather healthy. 

 
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imo, a financial sponsors group that executes deals is the best option (i.e. MS, CS, Barclays, BAML, JPM)

1. Strong exit opps -- since you cover PE firms and get lots of LBO modeling reps, exits are on par with M&A.

2. Generalist experience-- You do all types of transactions (LBO, M&A, debt/equity) for PE firms and their portfolio companies. The group is also industry-agnostic, so you'll be able to learn about many different sectors. 

3. Work-life balance-- sponsors is usually one of the most relaxed groups in terms of hours and the culture at many banks are much better (lean teams is a factor). 

 

onlyfans

pro: high pay, flexible workhours, own boss

con: underwhelming exit ops, creepy dudes 

 

Is it possible to exit to PE from restructuring?

What are the exit opps like?

I’d imagine distressed investing is one

 

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