Sponsors vs M&A for breaking in
I´m just wondering whether it´s easier to break in from the M&A or Sponsors Division. Assume we´re talking about the same bank. (e.g. Nomura or Macquire m&a vs their Sponsors group)
Good problem to have. It varies by bank -- best indicator is to look at how prior analyst classes placed...
It really depend on the bank and the role of its sponsor group, some groups are purely about developing / maintaining relationship while some others functions more like an industry group (ie. they do both relationship and execution). I think being a junior in a group that's purely relationship isn't a great experience given lack of execution (and frankly, as an analyst, you don't really get much meaningful exposure to sponsors).
M&A or Sponsors for Real Estate PE (Originally Posted: 11/01/2009)
I want to eventually get into Real Estate PE or development. The MM banks I have been interviewing with don't have a dedicated RE group, thus would it best to go with M&A or Sponsors to get into RE-PE or development?? Assuming that both groups are equally reputable, is sponsors better for the connections/LBO modeling, or does the solid modeling experience of M&A always rival?
Wait, there actually is an industry focusing on taking RE companies? That's crazy! Wouldn't it make more sense to just by real estate?
Mods: Please ban Morten123.
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