Consumer/Retail
I recently accepted an offer at a top BB bank for the summer. One of the groups I am strongly considering is C&R. The bank I will be working at is #1 in Consumer and Retail, and C&R is an industry I’ve always been interested in. I also met with members of the team and it seems to have a great culture. Where do you see the future of C&R going?
Since when did people stop buying products??? Just because technology is disrupting cash flows and valuations doesn't mean it's dying, lol
Thank you for your reply. I posted this for a friend- his concern isn't really with the consumer side, but rather the retail side. He knows that people will continue to buy goods, but he is concerned that in the future, goods will be sold mainly online through ecommerce sites like Amazon. In most banks, ecommerce is often covered in the TMT group, so he is nervous that business will shift to the technology group in the future. We see the potential for increased m&a and capital raising transactions in the short term, as the industry is currently struggling and many companies need financing. However, our concern is more with potential long term future of the industry, as well as exit opportunities and job security in covering the industry.
And if anything it means that the incumbents need to be acquisitive to defend market share. Might see a great deal of financing and merger activity ! What is bad for the industry is not necessarily bad for the financier.
From a career perspective it is probably also beneficial for women to work in industry groups where the industry executives are also women, c&r being one of the most prominent areas for women. you probably are going to leave in two to three years for PE anyway.
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Not to be rude, but this is a stupid question. Per Charizard there will always be consumer products and places to buy them.
If you're interested in C&R, take it. Your focus should be doing a good job not worrying about macro trends. There will always be C&R and, if anything, disruption creates pricing opportunities meaning there will probably be more interesting PE opportunities, not fewer.
Group Placement - Insights to the strongest consumer & retail groups? (Originally Posted: 04/02/2013)
Hello,
Wanted to get some insight as to what are the strongest Consumer & Retail Groups (NYC) with regards to exit opps.
Thanks!
interested.
BAML and GS do well very
I'd almost pick BAML over GS
Goldman's C&R is very strong.
Centerview is the strongest boutique out there for C & R.
Very true.
However OP, to address your question: Centerview generally seems to take a negative view of the whole "exit opps" concept. As in, they may not help you, and you may have to cover your tracks/burn bridges on the way out.
Anyone know if Citi's is still competitive? I know it used to be well thought of in the mid-2000s, but I'm sure they lost several of the top guys.
Think they used to run it out of NYC w/satellites in Dallas, San Fran, and maybe Chicago.
I think a lot of guys from Citi left to MS in 08. I did a bloomberg search and it seemed like BAML and MS were tops with Goldman 3 in the last 12 months. Is MS up there to stay or did it just have an exceptionally strong past 12 months?
Makes sense, that's when my boss left Citi too. Heard that group took it on the chin, but wasn't sure if it had recovered or where all of those guys matriculated to.
Consumer & Retail (Originally Posted: 10/19/2006)
Can anyone walk me through the major happenings in the consumer and retail space so I can do some research for a final round interview? besides the ones in the WSJ of course
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