IB group that requires more modelling?
What are the Investment Banking group that requires more modelling / quantitative analysis as opposed to only doing process work?
I’m looking for internal / external transfer because my current group has too little modelling / quantitative analyses as it focuses solely on IPO so more process driven / ticking the box type of work.
What are the best groups to target / worst groups to avoid if I know I want a group where there will be more modelling / quantitative analysis?
I don’t mind to still work on IPO but then I want to get a good balance of both doing process work and developing modelling / quantitative skills.
So any group that can achieve that? Maybe a group that does some IPO (not too much) but also is modelling / quantitative analysis heavy?
Thoughts welcome
Are you lead on any of these IPOs?
You should still be putting together both a detailed operational model, a high level model for research analysts to use, have constant conversations with research and other banks on valuation approach, do detailed benchmarking against peers, etc.,
More generally, it sounds like you’re just looking for a group that does more M&A. You can either join a boutique that only does M&A or join an M&A group
Sectors group like infrastructure
W/out going into detail as it depends on the group/bank you ll see modelling "intensity" split into three segments:
1) FIG, very model heavy and not necessarily the typical IBD monkey analysis
2) Sector coverage groups, all these are pretty much on par w/ one another (think Healthcare, P&U, Industrials, Nat. Resources, etc.)
3) Everything else (Financial Sponsors, ESG, etc.).
Obvs there s variation within each of the three segments. What bank you thinking and sectors are you comparing?
Hope it helps!
How about Real estate vs TMT vs leveraged finance
At my firm real estate group mostly does bond issuance (IG grade, seems not much modelling?). Maybe real estate at another firm is more model heavy
Maybe I shall ask what is the difference in modelling skills you will learn in say coverage (real estate / tmt) vs leveraged finance vs M&A?
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