Why are people in coverage groups generally wierd vs. people in product?
To me, it seems like the nerdy, weird types usually end up in some niche coverage team vs. product. Awkward, unpolished LinkedIn, no rizz, dress like shit, engineers, etc. Seems to be prevalent in B5 PU&I, Mining, some Real Estate in particular.
Congrats on JPM M&A
Lol what. Op where do you work? Bmo mining?
Lol met some dude in coverage who wore a jacket 1-2 sizes too big with a goldfish tie, he covered hc
Sounds about right. Square toed shoes with white athletic socks too?
Grown ass person saying “no rizz”
That’s how you know it’s a college kid, not a grown ass.
I found this to be the opposite. Product bankers to be nerdy modelling monkeys before I get monkey shit I was in product M&A before going into coverage.
Was switching from product to coverage pretty seamless? I like m&a and the modeling component, but I also have heard that execution monkeys are paid less the more senior you go.
For the more obscure coverage groups it’s because they’re nerds who really like that industry and aren’t your typical finance hardo using the group as a platform to go to something else.
Product groups are full of the clean and crisp grads using banking to get into PE. However, a huge caveat is that you think coverage bankers are weird while product bankers are “cool”.
I find some product group bankers to be so up their own ass and narcissistic and hilariously enough, terrible at their job.
Unless you’re at an EB or BB M&A in NYC, coverage bankers in active groups can be better than M&A bankers at their own job… on multiple occasions we’ve walked M&A bankers through bid continuums.
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