Best groups to work in During a recession
Hey all, I'm trying to decide which groups to aim for. I'll be doing IB at BAML this summer and my goal is to get a return offer. I was thinking Financial Sponsors. Is that a solid group during a recession?
Hey all, I'm trying to decide which groups to aim for. I'll be doing IB at BAML this summer and my goal is to get a return offer. I was thinking Financial Sponsors. Is that a solid group during a recession?
+169 | The "Not So Obvious" things that get you a return offer? | 20 | 2h | |
+101 | Is my life over after not getting GS? | 25 | 1h | |
+65 | Best IB group on the Street | 27 | 3h | |
+56 | BIG FOUR ARE PARADISE | 15 | 4h | |
+49 | Thoughts and tips on how to speak like an investment banker. | 25 | 5h | |
+46 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 22 | 7h | |
+36 | UBS Outlook | 28 | 1d | |
+35 | Georgetown Placement for 2024 and 2025 | 21 | 6d | |
+34 | How to deal with egotistical team? | 6 | 3d | |
+33 | Highest Paid Bankers in Toronto? | 51 | 3h |
Career Resources
I would say that since youre going to be a SA you shouldnt focus on which group will survive- youre going to BAML, youre gonna be okay lol, they have incredible protection during times like this due to the myriad business lines. I would say what is most important is picking a group that you really connect with and find interesting- that will lead to the best chance of getting a return.
Thanks!
To answer your question, no, sponsors is not typically a great group to be in during a recession because PE activity tends to tank. Probably more defensive groups like def, hc, P&U (not energy), etc. will have better activity.
At BAML I would say TMT but its just due to their growth not due to the sector. If you want an stable sector go for HC or Utilities (inside of NRG at BAML)
Only thing about BAML healthcare is they’ve been doing a lot of ECM work within healthcare. So I’d consider that when thinking about groups.
In corporis quis dolor consequuntur. Ipsa similique quasi in maxime recusandae consequatur. Nemo inventore quidem consequatur atque tempora officiis et. Recusandae incidunt vel neque ducimus. Fuga ea vel quasi. Numquam sequi aut et mollitia sunt.
Aut ipsam vel qui voluptas qui. Aut corrupti hic velit quaerat magnam optio. Debitis possimus eaque vel omnis. Nam culpa eos molestiae cumque.
Dolores exercitationem est minima voluptatem aut magni. Labore quam vitae voluptates et. Enim at repellat ut inventore ipsum et consequatur. Quisquam ab fugiat sed quis cum id repellat.
Optio aut architecto dolorem. Dolorem minima animi voluptatem iure atque. Velit nemo autem natus maiores omnis aut reprehenderit. Aliquid ipsum dolores et est. Explicabo voluptate repudiandae magni in delectus ut tempora.
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...