Comments (11)

Mar 20, 2011

Going forward ML and MS will follow the GS model in IBD i.e. no more M&A team.. which makes sense those bunch of cost centre dudes .. i.e. every sector coverage team will execute their own M&A so I would take an industry group you are interested in..

Mar 20, 2011

When will this happen and what will happen to the M&A groups? Seems like a process that may take awhile and it also doesn't seem like banks will let go a large number of M&A bankers considering it is a more competitive group to get into which attracts top talent. Will they just be spread to coverage groups?

"One should recognize reality even when one doesn't like it, indeed, especially when one doesn't like it." - Charlie Munger

Mar 20, 2011

Yes spread to coverage groups indeed.. its already being rolled out at MS now..

Mar 20, 2011

Industrials at baml isn't anything special.

Mar 20, 2011

If you like the people go for it

Mar 21, 2011

GS and Citi industrials are where its at.

Mar 21, 2011

heard BAML FIG is pretty decent.

Mar 21, 2011

yeah baml fig is not bad but u wanna be in baml LevFin baby. fig pidgeonholes like a muthaf.

Mar 22, 2011

There is no more Citi industrials and there hasn't been for years - they fired everyone a couple of years ago

Mar 22, 2011
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