Best Response

Though I'd suggest choosing groups based on other reasons than JUST which places best into PE, M&A, levfin and fin sponsors will place the best. The next two groups that will probably place best are tech/TMT and health care. Reason being is that both groups have a pretty easy transition into a generalist role, and many funds out these either focus on TMT/HC or at least have a group that has a focus in those areas. Those areas also tend to be a bit busier and can tend to garner a bit more deal flow.

If I were you, I wouldn't do fin sponsors... From what I've read and what I've heard, all you really do in that group is manage relationships with the buyside. Sure, in essence, that's great for what your goal is (getting to the buyside), but it will really leave you lacking in terms of experience, and it'll most likely leave you at a disadvantage to your peers when you start at the PE firm.

 

Thanks jimbrown! What if the bank combines the two and there's modeling but the group has been hit hard? Also this is ubs so I don't think I can pick healthcare, maybe 3rd choice is TMT?

Thanks guys!

 
macro:
Go for UBS GIG, as someone mentioned above, Industrials work is very relevant for sponsors as a majority of PE-backed companies are in manufacturing or services.
Isn't FIG the only coverage group at UBS that does its own M&A?

In that case–while it has a specialized skill set–is FIG better preparation for exit opportunities in private equity than GIG, Power/Utilities or Media/Telecom are?

 
fubs:
ubs M&A is top 15 everytime now and that was their best group. just put anything down for this joke of a bank because it won't matter anyways.

wow fubs you really never stop bashing UBS. clearly theres something personal going on there. must have not gotten a FT offer or been fired.

 
lorican:
fubs never worked for UBS (actually, I don't think he worked at all), his lack of knowledge attests to that fact.
Dude probably got rejected at UBS and had to take an executive assistant position at PJC.

XD

Seriously, though, in response to fembotma's query, would you guys take FIG over GIG, Power/Utilities and Media/Telecom on the grounds that the group does its own M&A?

 

lorican you don't even have a job. I quit the business last month. If you stopped posting here 24/7 you'd probably realize i know more about the bank than everyone here, which is why I've been answering pm's nonstop. everything i've said is validated, go check out the dealflow yourself.

enjoy ubs u guys, flaming me wont' make ur life better.

 
fubs:
lorican you don't even have a job. I quit the business last month. If you stopped posting here 24/7 you'd probably realize i know more about the bank than everyone here, which is why I've been answering pm's nonstop. everything i've said is validated, go check out the dealflow yourself.

enjoy ubs u guys, flaming me wont' make ur life better.

If you wanted to lend credence to your posts, you could honestly answer the question I last posed. I'm assuming, if you actually worked there, that you had a good idea what people worked on and where people could look for exit opportunities.
 

everyone who politely pm'd me i have responded to and even told my history. but apparently i work at executive admin at pjc according to you but the correct answer is to go GIG after sponsorslevfin and M&A. The latter is going down hard so that is why i would go #1 sponsors first, unless u have a good connection with the m&a guys.

fig does not open much opportunities, i would suggest you talk to the ex-fig guys and see where they are. its not pretty after 2008 but even before that it really depends on if u want to do FIG or if u just want a good group. if u want a good group, go for something else.

enjoy ubs i hope you have a better time than I did.

 

at GS you will get a generalist offer and the groups will be assigned a few weeks later. you will be able to express preferences for group/location. they will take your preferences into account, but top groups (groups with the most clout) will generally get their pick of the analyst pool first, and they will usually pick the most talented candidates

 

Do you have to accept your offer first and then get placed or will they place you a couple weeks after you recieve your offer? Is there any better chance of getting your group if you accept the generalist or wait?

 
packmate:

If we are talking about the most relevant buyside experience, M&A and LBO transactions give you most the relevant work experience.

Great for that answer. How does IPO work contribute to buyside at all?
You crave what you are not. Dude, your perspective on life sucks.
 

Two paths. You should go for a group that either 1. Does a ton of M&A or 2. Give you lots of access to sponsors and related modeling. That means a coverage group that does M&A, an M&A group, or a Sponsors/LevFin group at a bigger balance sheet bank (BAML, DB, etc.). Honestly, I think equity/debt raisings are pretty boring. You learn little aside from hating life from having to do all that internal bullshit for a refi.

 

I know S & T sucks for most Corp fin ppl. cuz its a very fast paced and stressful enviroment.

However, the potential bonuses in S & T are much higher. (...... potential......)

 

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