Does BAML have the standard product and industry coverage groups, similar to most BB (apart from GS)? Do they have a separate LevFin, Financial Sponsors, M&A, and Industry groups?
Now, how would you guys rank or describe the culture and work environment of BAML's M&A, LevFin, Sponsors, and TMT groups? Are any of these considered to be sweatshops on the street? Thanks guys.
| +103 | At what point should you give up? | 61 | 4h | |
| +37 | I am lost on the next step - Need Advice | 8 | 4d | |
| +37 | Recruiting while unemployed | 16 | 2d | |
| +25 | SF vs NY IB Stint | 10 | 3d | |
| +22 | Incoming freshmen at bocconi - SA 2025 recruiting | 15 | 2d | |
| +19 | NYC Consumer PE/Growth Funds with decent comp but amazing WLB? | 6 | 1d | |
| +19 | Trying to break into IB | 7 | 20h | |
| +18 | Job Switch Advice | 4 | 3h | |
| +16 | SHIFTING FROM LAW TO FINANCE | 11 | 8h | |
| +14 | How to leverage an offer to get another | 3 | 4d |
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.
Yes.
LevFin + Sponsors are very good, one of the best on the Street. M&A is decent, dunno about TMT.
Thanks P&P. LevFin and Sponsors are separate groups at BAML, correct? Can someone help clarify what the difference is between these two groups in terms of what they actually do?
Sponsors - cover PE clients. Basically you do PE firms bitchwork. (ex. Friday night 11pm, your boss gets email from someone from Carlyle asking for historical stock prices and a bunch of other random sht they could easily do it themselves. Your boss pass the work to you and ask you to get it done Saturday afternoon)
LevFin - deals with leveraged debt. so hy issuances, debt restructuring (exchange offers), etc. your responsibilities will include spending 2+ hours looking through the OC trying to find a very specific covenant on debt issuances, spread debt comps which requires reading through the entire NOTES section of the 10k trying to break down the loans, figure out why the hell the company only reports net interest expense when you are trying to strip out interest expense by itself. And if you are lucky, you get to work on a LBO transaction which is what people in LevFin often brags out, but legit LBO deals don't come through very often nowadays.
Thank you, I really appreciate this explanation.
Quibusdam sed ipsum placeat ut. At corporis suscipit porro optio nihil. Voluptatibus maiores minima quos vitae optio ipsam sunt. Unde et nihil quibusdam quos consequatur. Sit quo velit omnis aut nobis quas.
Voluptatibus laboriosam odit eius tempora quaerat cumque. Aut nulla facilis recusandae ipsam doloribus. Officia adipisci velit tempore dignissimos quasi impedit necessitatibus. Eos blanditiis modi assumenda porro a qui adipisci. Saepe aliquam illum dolorem aut non aut repudiandae.
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...