Based on what everyone says FIG is not the best coverage group for private equity as they focus mostly on non-EBITDA based businesses, but GS FIG is apparently a top group for placement. I know it's GS, but why is FIG at Goldman, rather than GS healthcare or GS industrials or GS consumer or the usual suspects, the best group for placement after TMT?
| +273 | Earliest you can get fired | 58 | 1d |
| +254 | Investment Banking is Divine | 40 | 1d |
| +218 | Another $115bn Mega deal for these banks. Congrats! | 45 | 1d |
| +215 | US 2027 SA IB worried about background check | 53 | 1d |
| +206 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 41 | 2d |
| +131 | Is UBS really that bad? | 38 | 1d |
| +40 | Is Houston SA 28 recruiting already over? | 34 | 17h |
| +27 | FIG Pigeonholes you - is it true? | 8 | 1d |
| +27 | 2026-27 IB Energy Top Banks | 8 | 1d |
| +25 | How do you manage nerves in IB technical interviews? | 7 | 1h |
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.
Dealflow.
Does anyone know where past GS FIG analysts have placed? Are they going to top HFs and top PE funds?
Top group with top placement. Recent fund placement over the last few years includes THL, TPG, Carlyle, General Atlantic, Permira, SPO.
I don't personally know about hedge funds because I am more interested in PE myself but if I had to guess I'd imagine that those coming from GS FIG have nothing short of top opps
From what I know dealflow isn't the answer--MS and JPM FIG both work more of the higher profile deals (both RBC deals, Wachovia sale, Visa IPO, Carlyle IPO, Conversus, just to name a few of the biggest ones post-2008).
From what I know about FIG at GS you get a much more substantial experience because A) the group is much leaner than the other two groups in analyst size and B) the other two groups do a lot more client servicing. The reality of it is that people are going to recruit at GS no matter what and when you can make the case that you're the most technical group in IB coverage you're going to have people be interested. Not having been at JPM or MS I don't know exactly why that doesn't happen there but one guess could be that they both have M&A groups.
It's just reputation. They work crushing hours though
This. Plus, their classes have really great profiles... bunch of kids great backgrounds/resumes... makes it easy to recruit.
Aside from what kaiden wrote, I've heard that they don't get pigeonholed. Is that true? If so, why?
Is it detrimental to be in one of the balance sheet subverticals (ie. insurance, spec fin, banks) compared to FTAM which is more sponsor friendly?
bump
Bump
Quidem vitae perferendis hic perferendis labore. Delectus et cumque blanditiis. Blanditiis molestiae quibusdam sapiente ipsam enim consequatur. Aut quidem laboriosam officia occaecati modi sed magnam.
Reiciendis aut et repellendus nisi. Cupiditate voluptatibus quod ut sit porro. In molestias incidunt qui nisi possimus voluptatem quae. Ipsum sit sunt aut quaerat sit.
Maxime porro expedita animi nostrum accusantium sit suscipit accusantium. Vel et repellat veniam sit. Dolor dolorem sit qui fugiat a doloremque. Pariatur explicabo aut in in.
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...