Sector or group specific recruiting?

Hi x Apologies if this is a stupid question but how would one go about breaking into specific coverage groups for IB? Say if I’m specifically interested in Healthcare or TMT do I still apply for the Generalist programs or do I have to apply separately somewhere? I know some places have specific locations for these (eg. JPM SF is HC) but some other banks don’t seem to be making different applications for different groups. Also yes well aware that this is rather late but due to health and personal issues I am a wee bit behind on recruiting, but is there gonna be a separate timeline for these specific groups also? Thanks and cheers x

Also the same question for ER - do ER interns apply and go in as generalists or do they pick specific groups as well?

4 Comments
 

I believe for most BB like JPM you would recruit for the IBD SA, and then later be selected into a group. Most boutique programs are generalist, although not all (believe Moelis has a life sciences vertical separate process). If you apply to a specific location then you have a strong/better chance of being in the industry focus area you want (ex. MS's Menlo Park office only handles Tech). There are also industry-specific boutiques and merchant banks. Is this for SA 2022?

 

Yes it is - for generalist is it selection by preference & how likely are you to get it? How easy would it be to change later if one doesn’t get the group they want or dislikes their current group?

 

If its a generalist analyst program, then there will be one "analyst team" and you will be staffed on deals across industries (and across products depending on what the bank handles / how the analyst program is structured). You can hopefully request to work on the deals in your industry interest area. If its a generalist internship but not generalist analyst program, then you will work across industries in the internship, and then be selected into a industry team for FT (similar to the BB process).

 

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