Currently a student so I have very poor insight about this. Want to know what exactly is the difference between FIG v Sponsors v Lev.Fin? What type of work/clients does each of these groups deal with? Which one is the most/least technical? Thank you.
| +166 | Investment Banks Ranked By Your Divorced Blue Collared Uncle | 17 | 54m |
| +156 | Think Twice before Recruiting for HOUSTON IB!! | 65 | 2d |
| +136 | UBS Exits 2026 | 37 | 7h |
| +57 | Congrats on the ROs. I Still Don’t Know Which One You Were | 8 | 5h |
| +40 | Mid-Level UBS Departure for another BB (Grass Isn’t Greener…) | 31 | 3d |
| +39 | Did not get a return offer due to headcount, but happy to move on. | 8 | 16h |
| +37 | IB RO Discussion | 6 | 3d |
| +32 | GS - Low Bonus | 23 | 22h |
| +29 | Lied about bonus to future employer | 16 | 4h |
| +28 | Early VP promo timeline | 15 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bump!
I can only contribute a little, but FIG is a coverage group.
FIG will cover Banks, Insurance Companies, and wealth management firms, etc. The only difference between FIG and any other coverage groups is just the industry (although valuations and deal processes may be different)
Sponsors is also coverage, covering PE+ funds
My bad. Only a student. Edited
https://www.mergersandinquisitions.com/financial-sponsors-group-fsg/
https://www.mergersandinquisitions.com/financial-institutions-groups/
https://www.mergersandinquisitions.com/leveraged-finance/
Deleted
FIG = Coverage (M&A, ECM, DCM, various random financial products) of financial institutions (Fintech, commercial banks, asset managers, insurance, etc.)
Financial Sponsors = Coverage of PE funds. Try to get the bank involved in sellsides and financings of PE portfolio companies
Lev Fin = Capital markets desks focused on high yield debt (junk bonds + leveraged loans). Often involves LBOs but not always (could just be shitty companies). Role varies by bank but will always be involved with pricing and structuring new issues, driving internal credit committee and approvals, keeping tabs on market conditions.
Laboriosam eum dolore non eum ut beatae id. Rerum necessitatibus id aut quis nihil sequi sunt. Voluptatem ab quo in omnis. Vitae rerum veniam iure aperiam ducimus.
Culpa id culpa dolor est voluptas. Earum et expedita temporibus facilis adipisci accusamus et aut. Maiores quaerat vel labore ut modi enim in voluptatem. Omnis dolorem aut doloremque illum consequatur dolores. Sunt consequuntur quod illum. Sed repellendus facere mollitia similique. Dolorum optio reprehenderit dolor culpa enim et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...