Which M&A sector coverage should I choose ?
Hi everyone, I'm joining in few months an EB as Analyst 1 in London
We have to choose which sector team we want to join. I'm trying to make up my mind but it's quite difficult to get insights into the teams or to choose a preference.
There are several teams just like everywhere else: TMT, Business services, Energy, retail, FIG, healthcare etc...
In terms of the opportunity to move into buy-side, but also in terms of the diversity of the subject you can work on - what do you think are the characteristics of each sector?
I have no particular interest in a sector
Thank you very much for your help :)
If you truly have no preference I would base it on which groups exit the best at your specific bank (you can search here or look on LinkedIn) and also network with the groups to see which people you get along with. I would also do some base research on each industry and try to narrow it a bit on your interests. A lot of people gravitate towards things like retail because they know the brands already, but try to do a few hours of research on each. For example, I am not a science person and biotech would bore me to tears, so I would never do a HC group.
It's hard to say broadly "X sector exits the best" because it's very different by bank. TMT has been popular lately because there's a lot of activity in that sector.
If you are indifferent and looking to eliminate some, I would say energy, FIG and real estate tend to be more specialized due to different types of modeling, exits often focus on that sector.
Thank you very much! I'm trying to network with juniors in the bank to get some insights... For exits, I'd like to go into growth/funds specialising in tech, so I imagine that maybe TMT and Business service are the best options.
I heard fig has complex modeling
TMT or Business Service
It's clearly the two I prefer at the moment. I'm still trying to understand a bit more about what business service is, I get the impression that it's a really general sector that encompasses a huge number of companies.
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