Just pointing out that the term 'M&A coverage' seems a little odd. My understanding is that coverage tends to refer to industry specific groups. Thats about all the insight im able to share as im not an associate.

 

Yup, M&A is typically a product group. Maybe there is a bank out there that has so many people that they have M&A groups that are sector specific (I.e. M&A coverage?) but I doubt it.

To OP original post... By ''working professionals group' I'm assuming you mean the program is part time? If so, it is much more difficult to recruit because (I think) most school don't allow part time students to participate in on campus recruiting events. So it is very tough for part time students to crack into the recruiting cycle. People definitely do it though, mainly through networking so keep that up and hopefully you'll land something.

Regarding the interviews, for associates, there aren't modeling exams and the interviews were much more fit than technical based. This doesn't mean that they didn't ask technicals, just that they were concerned much more with fit than anything else.

 
Best Response

Thank you for the response. I am still learning all the available avenues in a bank's IBD. I have amended my post to be more accurate. I guess my confusion comes from my networking efforts thus far. I have talked with two analyst in coverage groups, one seemed to be more M&A centric and the other seemed very heavy in leveraged finance tasks.

My program is catered towards working professionals but we are actually considered full-time students. We take classes on the weeknights and the weekends in order to complete the course load. We are eligible for all the services offered by the career center. We have a couple of BB banks that recruit at our school and a handful of regional players.

I am curious the types of technical and fit questions that were asked? Did you purchase any interview guide to prepare for recruitment? Again, thank you for response.

 

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