Heard that they are very execution heavy, i.e. the group runs the models and everything, but curious to hear how this group compares to other Sponsors groups/groups? Also they have a team in NY and a smaller team in SF , can people give some extra color on the group? Thanks everyone in advance!
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Hey investbanmonkey, I swear if I had a silver banana for every lonely thread I posted too I'd be richer than @compbanker ...
If we're lucky, maybe these professional users will respond: @llar" Anna-Klub Jakenajjar
Fingers crossed that one of those helps you.
Bump
Awesome group, great people too
Can you share some details as well? Thanks!
They pretty much cover the entire leveraged financing product which is the most you can ask of a sponsors group. Analysts have said they have good work/life balance and there is very little pitching since sponsors know what deals they want when they come to you.
j
LevFin or FSG at DB? Does anyone have any thoughts especially if the person wanted to exit to a PE MF.
DB will be present on lots of debt financings given its enormous balance sheet, so you'll get good experience in both groups regardless.
Is this for SA or FT?
If for SA, I would prioritize LevFin since there will be more spots to fill (higher chances for you landing a seat) given FSG runs much smaller (may take maybe 1-3 interns?). If you don't like your experience in LevFin, then try to internally lateral to FSG.
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FT. What would you say is the main marketable difference in terms of experience for exit opps?
I’m in a sponsors group so can give my opinion. What do you want to do afterwards? Private credit, private equity, possibly stay in banking?
Both are going to be great experiences. To be clear, you’ll still have a great name in DB on your resume if you want to move elsewhere. Each will have some nuance if you decide to recruit.
I’m biased when I say this but think FSG is the best of all worlds. At my bank, we get to see every product - LevFin, ECM, M&A, across every single industry. If you don’t know what you want to do then FSG is perfect to start in and then decide where you want to go. This goes back to my comment on if you see PE, PC or IB in your future.
IMO, LevFin can get a little boring because youre only working with debt. But if you want PC then LevFin at DB will give you the best chances. When it comes time to recruit for PE, you’ll be exposed to M&A tangentially but won’t actually execute. Not to say PE is a long putt coming from LevFin, but FSG could give you an edge.
Then lastly on staying in banking. My experience in Sponsors has been incredible and I really don’t think I have the desire to move elsewhere. Beyond the cash comp in banking, I’ve seen firsthand that the grass isn’t greener in PE. Sure you might get carry one day, but the juniors in PE crank just as hard if not harder than juniors in banking. Most Sponsors groups are generally going to have marginally better hours than the other groups.
All of this is a broad generalization because I haven’t asked anyone in DB sponsors about their experiences, but think the broad strokes are going to remain true.
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