Product vs Coverage for Career Investment Bankers
Most of the threads on this subject focus on exit opportunities, but what if you want to stay in IB long-term? This is obviously both group and bank-dependent, so we'll need to speak in generalities. What types of people and skillsets tend to work best in each group?
The reason for the post is that I am an incoming Associate and will start as a Generalist before being placed in a Product or Coverage group. I am less concerned about hours/pay and more concerned with fit.