Happy to shed some light based on my experience having interned both in a coverage group and M&A group. In coverage groups (well in my team anyway) we tend to do more pitching as opposed to execution. Usually, we provided the industry pieces in client discussions/deliverables and the M&A team is more involved in the process management (day-to-day logistics) of a deal. So from this, I think on the whole, M&A analysts tend to have more deal experience. M&A teams still work in pitches but not as much as coverage groups. At the M&A places I was at, I spent most of my time on mandates and very little time on pitching. I think in general, coverage groups tend to hold the pen on the model so get more modeling experience - but this could be team and bank dependent but could to check with the team you're interviewing with.
With regards to CS's London M&A team - I've heard it has a good culture but probably not in the top 3 M&A team across the BBs (which is predominantly dominated by MS, GS and JPM)
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Happy to shed some light based on my experience having interned both in a coverage group and M&A group. In coverage groups (well in my team anyway) we tend to do more pitching as opposed to execution. Usually, we provided the industry pieces in client discussions/deliverables and the M&A team is more involved in the process management (day-to-day logistics) of a deal. So from this, I think on the whole, M&A analysts tend to have more deal experience. M&A teams still work in pitches but not as much as coverage groups. At the M&A places I was at, I spent most of my time on mandates and very little time on pitching. I think in general, coverage groups tend to hold the pen on the model so get more modeling experience - but this could be team and bank dependent but could to check with the team you're interviewing with.
With regards to CS's London M&A team - I've heard it has a good culture but probably not in the top 3 M&A team across the BBs (which is predominantly dominated by MS, GS and JPM)
Deserunt quidem aut non non animi. Et illum beatae ea. Sunt mollitia voluptatem iure voluptatibus aut voluptas commodi. Commodi qui dolores officiis culpa.
Praesentium quisquam odio enim expedita et et dicta. Nisi ab totam temporibus rerum aut. Dolores quia odio sequi aut eos ut. Dicta nostrum rem voluptatem enim nesciunt.
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