Generalist IB Programs? Pros Cons?

I'm looking for generalist platforms and want to know what the bests ones are on the street.

I feel that I like analyzing businesses, rather than specific industries. Would fin sponsors be a good proxy for a "generalist program" or are there pure generalist programs where one day I might pitch an industrials deal, but be staffed on a live consumer healthcare deal? 

Does this exist and what are the pros / cons for this model as a junior?

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Comments (13)

Nov 20, 2020 - 2:55pm

In a generalist program. Legit can work on healthcare IPO, energy M&A and software dual track exit from sponsor in the same day. This is great but you don't ramp up as quickly on an individual product/industry basis. Great exp though and great training 

  • Analyst 1 in IB - Gen
Nov 20, 2020 - 5:42pm

Most famous generalist program is Moelis. Think Centerview has started splitting people up by products at the very least. Moelis I think is the only true generalist program even in your analyst stint across industries and products (M&A, RX, Capital Markets)

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  • Business School in CorpDev
Nov 21, 2020 - 6:05pm

Would a specific industry group or generalist program as a post MBA associate be better for someone looking to stay in banking longer term?

Nov 21, 2020 - 6:21pm

In a generalist M&A program. Pros: you learn a little about a lot. Cons: you learn a little about a lot.

If your goal is to learn about many different industries and business models at a high level, I think a generalist program would be great for you. However, if you want to actually become an expert on each business model or industry you encounter, I think this would be very challenging to do as a generalist unless you do multiple deals in the same space.

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