Incoming FSG Intern Tips
I landed a MM FSG summer analyst position and am quite excited to have even received an offer. I was late to the recruiting game but got pretty lucky with how kind the team has been during interviews and the process.
I was wondering if anyone w/ experience had tips on what I should expect and make sure I drill prior to starting that is particular to working in FSG and to secure a RO. I also know lateraling from a FSG group to a generalist BB spot, PE, etc. can be difficult sometimes, and I shouldn't be thinking of this part of my carrer this early, but any path advice would be helpful too.
probably going to be using pitchbook a lot and logging fund sizes
Congrats on Piper
?
Exactly what someone in Piper's FSG would say.
I thought Piper doesn’t take summers for sponsors. They hired their last 3 analysts through ft (source: I’ve been through their ft process)
Nah, OP works for Piper.
Focus on Excelling in Your Current Role:
Your primary focus should be on performing well in your current position. Building a strong foundation of skills and experience within the FSG will enhance your future prospects, whether you choose to stay in the FSG or explore other areas later on.
Leverage Your Network:
As mentioned earlier, networking is crucial. Build relationships not only within your team but also across different departments in the firm. These connections can be invaluable when seeking opportunities in other areas.
Seek Exposure to Other Areas:
If possible, try to get exposure to other groups or divisions within the firm during your internship or after you've secured a full-time position. This exposure can help you understand other roles and areas of finance and may open up potential lateral opportunities.
From limited knowledge, FSG at a MM compared to FSG at a Balance-Sheet/BB bank is completely different. At BSB/BBs, I believe FSG work closely with Lev-Fin and is more model and execution heavy. At MMs, you'll be doing a lot of market and PE-fund logging, probably making a lot of excel sheets on tracking portfolio companies of PE houses, creating a pipeline and time frame for maybe when a PE fund wants to exit the said company. That said, I think FSG is a pretty cool group to be in, MM or BB, if you're lucky you'll be able to get good exposure, wining and dining with PE clients and hours are probably more chill.
Helpful - thanks!
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