M&A Group vs. Industry Group

Hi all, I was thinking about something and was wondering what you guys think. If we look at investment banking as a career (and not a gateway to some other career) would it be better to be in the M&A group or a industry group over the longer term?

It seems like an M&A team would be great for people who do execution but at the end of the day, relationships bring in the cash.

I'm thinking about a bank like JPM as an example. Equal footing, who do you think makes more / is higher in the eyes of the company: a Healthcare Banker (industry) or an M&A banker?

 

From what I've been told it really depends on the firm. Can't speak from personal experience, but I was asking alumni the same question earlier this year, and the general consensus I got was to gauge each opportunity individually and assess things like fit and culture. And at the end of the day, if you don't like whichever you end up doing out of the gate, switching internally or externally is much easier than breaking the street.

 
Best Response

Go with whatever you're more interested in. M&A is great and probably a whole lot more "fun" than industry groups, in my opinion. It also makes it 10x easier to explain to other people what you do! You're guaranteed a good skill set.

This is one of those personal choices that no one can really answer but you.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

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