The group has a a great reputation (trx experience, culture, exits), which is why it remains a top choice for new analysts/associates every year.

There are no groups where people work 100 hours per week consistently, despite what people say. Coverage groups are actually more prone to grueling hours than M&A given the nature of the work. This includes pitching, house accounts, etc. which are things that M&A likely does not worry about.

 
Best Response

Ok, there are no groups where you work 100 hours literally EVERY week but I know groups, or actually mostly offices (often smaller ones) where the analysts work about 100 hours a week 3/4 of the time. I know a guy who interned at MS 2 years back, and he said this group was outright mental. Insane prestige but worst hours of the entire bank. If the OP can handle the hours, he should probably take it.

 

Had a friend in the group. Extremely poor culture there with VPs/MDs that like to mentally mess with the analysts.

Consistent 3 or 4AM nights on a frequent basis. This group has retained the blue-blooded Wall Street culture

 

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