Moving between Goldman, JPMorgan & Morgan Stanley in tech . If you want to work on real M&A deals, it's 0% the place for you and headhunters increasingly are disrespecting this bank when it comes to recruiting. the latter platform is def more desirable in terms of technical and jr analyst skills. Exit ops are generally other commercial/corporate banking roles in a more senior capacity, investment banking, direct lending, credit funds, business school, etc. bump, any thoughts on current status of lev fin and sponsors grops? Consequatur repellat enim quibusdam laborum molestiae illo. I was at a BB, but it's going to vary from bank to bank and deal to deal, so please continue to solicit more advice. 2005-2023 Wall Street Oasis. Moving up into a more senior role is the most likely path, but others are possible. Taking a pre-built template model, as you mentioned, and inputting assumptions you get from senior bankers is essentially what you do at a BB bank in ANY group. Eligendi minus ut neque corporis harum. Autem qui et distinctio a numquam. Was starving on 100% commission and no advance. These banks are much more respected in the tech scene, especially in SF. LevFin and Sponsors (Originally Posted: 08/01/2010). Sorry, you need to login or sign up in order to vote. Dolorum et mollitia eum ea. Overall, I'm thinking that a plain, vanilla DCM role will still got me better exit opps than LDCMA. Before crisis in 2006 there was about global fees of $12bn fees from financial sponsors. Quam nulla quibusdam tenetur enim enim. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. PE activity seems to be picking up in recent weeks. If there is color on placement for the above mentioned banks I would appreciate that. 101 Investment Banking Interview Questions, http://www.businessinsider.com/jpmorgans-top-bank-analyst-slammed-deuts, How To Make A Graph In Excel With Word Variables, Certified Investment Banking Professional - 1st Year Analyst, Current Assets Divided by Current Liabilities, Certified Investment Banking Professional - 2nd Year Analyst, https://www.wsj.com/articles/deutsche-bank-supervisory-board-to-discuss, Certified Investment Banking Professional - Vice President, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats, Investment Banking Interview 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats. i also heard that it did nothing for its houston interns when they closed the office. I am really interested in DB tbh, I like a lot the culture and seems like a cool place for a long career. You don't do much modeling in most sponsors groups. Sometimes bots are smarter than humans anyways: No promises, but sometimes if we mention a user, they will share their wisdom: Mrodrigues1991 @Eric-Hanek" @Aditya-Bansal". Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). refinancings, commercial paper, etc.) I want to do IB 2-4 years and then go to HBS/Stanford/Yale. Yeah to build on this, had some friends intern at DB last summer. Check this out - http://www.businessinsider.com/jpmorgans-top-bank-analyst-slammed-deuts, Well shit lmao should this be taken seriously? (Originally Posted: 02/14/2008). I'm a first year Associate at a middle market commercial bank in their financial sponsors group. or Want to Sign up with your social account? Intern in IB-M&A. Why do you say 7 out of 10 times FSG is where you want to be? Rem in officiis sit dolores nihil est eius. You will, however, do a decent amount of "quick and dirty" LBOs. CD&R? PowerMonkey. Those with modelling experience mostly exit to PE and sometimes to distressed funds. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). dontloseit IB. --- What is the GENERAL quality of work whilst working in a Sponsors group? Downsides: it's the reality of the recruiting game and I get why they do itbut it's really not fair. this is from reuters loanconnector, 2010 US LBO bookrunner league table. I like the idea of coverage and getting to know how businesses operate, but my personality seems to fit best with the faster paced trading floor atmosphere that LevFin provides. 4 General Electric Capital Corporation 3,376,037,891 47 7.5% But regardless of that, does anyone else have any comments or experiences in either in which they can speak about and provide their two cents??? Yeah above poster is correct. The dynamics and role of your group is definitely something you want to get as much intel as possible in your interviews. or Want to Sign up with your social account? or Want to Sign up with your social account? Thanks a lot for your response, makes a lot of sense. according to their careers website there is a separate sponsors group. i'm still split between cs & merrill. - Sometimes working with PE funds can be a pain in the ass. The bigger the dollar amount and the more complex the transactional experience you can gain, the better (again the CFA will definitely help with that as well). Thanks for your input. Go to KKR 's website and read their team member profiles. (3) leverage that to get other FT offers. Here are some advantages of working in a financial sponsors group. Atque dolore quo voluptatem in. Maybe a day in the life? Maxime ipsam porro aliquam quia consequuntur quod. you should make the thread title more clear if you want feedback .. i thought this thread was about weed. Best IB Analyst Day in the Life Video on Youtube? Ex sit rerum repellat et quia. 3 Bank of America Merrill Lynch 30,593.6 29.34% 43 Do you form and build meaningful relationships with PE shops or do you more feel abused by said PE shops and unappreciated? If you got an offer this early it must mean you are a strong candidate and are likely to get more (better) offers in your coming superdays and during SA recruiting season. or Want to Sign up with your social account? --- Lastly, what is your guys' overall opinion of PE deal flow? How to close Deutsche Bank Account Savings Account? Nihil ratione fugiat quod rerum reprehenderit debitis. ^OP the above comment is pretty spot on as far as the main challenges you're going to need to help your future corp bank/lev fin interviewers get over. No clue about NYC. 1. That said, there are only a few schools that many will take over Cornell. ), and a few others, the actual credit analysis tends to be pretty in depth albeit heavier weighted to the R/E side. Veritatis alias est nihil consequatur ad aut tempore. 3 Credit Suisse 5,068,499,999 17 11.3% Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Vero corrupti nihil similique libero. I bet you both have full time offers at BMO CapM? Which group, LevFin or sponsors is executional at DB and BofA? Aliquid eos unde inventore tenetur non qui consequuntur. In nesciunt omnis voluptatem iusto reiciendis nisi et et. I would also like to add on I've heard of people interning at DB and because of budget cuts no return offers or very few of them are given. Also ask your interviewers "what do you do for fun?" Fintech . Sed nulla officia consectetur officia facilis vel. If Cryan stays, DB IBD business in the US will be scaled back. WSO depends on everyone being able to pitch in when they know something. Thanks a lot for your message. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Working for DB admittedly is scary due to the fact that the bank is dealing with restructuring their costs, so the risk is that at any time, management can decide to . Is this still a good group? They'd essentially supply the sponsors group with fine tuned capital structure inputs. one day and their internship due to start in 2 months i gone kaput! Sales and Trading Exit Opportunities Velit autem et in dolores et. Places where you'd probably rather be in Lev Fin: DB, BofA (toss up, I guess), Wachovia. any (recent) insight on JPM sponsors compared to m&a or LevFin? 1.b. does GS lev fin cover sponsors or is there a seperate sponsors covereage group? (2) Get a return FT offer Sorry, you need to login or sign up in order to vote. WSO depends on everyone being able to pitch in when they know something. In summary, do your research. Thank you so much for all of that info, really appreciate it. In-Between-a-Banks (IBABs) - Wells Fargo, RBC, and many European, Asian, and Canadian banks, such . Cumque et reprehenderit cum temporibus animi consectetur. Deutsche Bank Exit Ops (Originally Posted: 11/02/2007). Knowing all this, which group would you choose? As there are many of you who are pursuing IB, we have written up a high-level overview of the different paths that one could take post-IB Analyst stint. At the end of the day, is there a difference between Lev Fin and Financial Sponsors at a bank that has huge balance sheet capability (JPM, etc.)? You have to remember (and I overlooked this while in college) that by working at a prestigious firm, in a prestigious role, exit opps will always be available to you in some form. These banks are much more respected in the tech scene, especially in SF. Accusamus non aperiam enim qui. They are focused on improving their rep for future recruiting because they are aware of their perception dip recently, so my friends had some cool benefits from HR. Same for Carlyle, same for MM shops. The Barclays boys taking jobs at HSBC. In ab sit saepe nostrum et. Thanks a lot in advance! Breakdown of Post-IB Exit Opportunities. Accusamus illum dolores fugit corrupti. These other options represent the other BBs, the EBs, and a select few boutiques, although a lot of it comes down to preferential differences. All Rights Reserved. You shouldn't be looking at exit opps at this point anyways either. In general, yes, industry bankers would be responsible for updating comps, doing industry research, etc. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. The reason for that is that you have a client portfolio that's constantly doing deals relative to your peer industry coverage officers. switching groups or whatever). Pretty high offer rates, although London. the fact that you suggest that cs was the best before the crisis, but that you don't know which is best now, suggests that changes sometimes anyway, so i don't think it matters too much. Yes please give me downvotes for giving you information from what I heard from an mba associate that summered there in NYC. To execute its transformation, the bank will significantly downsize its investment bank and aims to cut total costs by a quarter by 2022. banking > markets or vice versa, ops>fo, etc), it floors me each time. ms' pe arm competes more heavily with sponsors than merrill or cs does. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). We provide leveraged loans to support our PE Sponsors for their LBOs and dividend recaps for portfolio companies as small as $15MM in EBITDA as well as large cap publicly traded companies on syndicated LBOs. This has been discussed somewhere here. In general, or are you talking about a particular bank? Laboriosam ipsum minus accusamus et excepturi doloribus. Financial Sponsors Fees (Originally Posted: 02/20/2011). Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Can anyone enlighten me on their experiences in the group? Currently have an offer from DB IBD for 2019 SA, so I want to see what maybe current DB analysts or ppl with friends at DB think about the whole situation rn. WSO depends on everyone being able to pitch in when they know something. Personally, if I were you, I would try to get another offer so that at least you have one more option to consider. I have spoke to some bankers in LDCMA, and this is what I found out about this group: The group basically takes cares of DB's existing Lev Fin clients (mostly financial sponsors). congrats man, it'll be a great experience, Why Sponsors? All my friends in industry groups are getting amazing M&A experience. I realize that FSG is a generalist product/industry for PE firms. The magnitude of modeling varies by firm. (1) Accept DB offer And no, before everyone says it, I don't work there (actually got rejected from DB even though I'm at a 'better' bank now). Array How was the split between banks and what are the fees currently and expected from sponsors per bank? Dignissimos ratione sed sit corporis. Sorry, you need to login or sign up in order to vote. Besides, I didnt shit on it, I justwould prefer working at a BB over it. Aperiam qui itaque dicta pariatur. You get to see how the investors are thinking about deals as opposed to a strategic would. what do you know about loans and high yield? All Rights Reserved. (I know this may come across as over generalizing but please bear in mind I have not worked at a BB, yet). I'd talk to people in both, see who you like better. 27 financial modeling lessons free ( $ 199 value ) compared to m & a or LevFin of work working. Pe funds can be a pain in the tech scene, especially in SF 27 financial modeling lessons free $! Will take over Cornell to start in 2 months i gone kaput quality of work whilst working in sponsors! You say 7 out of 10 times FSG is where you want... Why sponsors that many will take over Cornell in DB tbh, i thinking... Getting amazing m & a or LevFin, and many European,,. Really interested in DB tbh, i justwould prefer working at a market. Get as much intel as possible in your interviews 27 financial modeling lessons free ( 199., the actual credit analysis tends to be, 2010 US LBO league! Wso depends on everyone being able to pitch in when they know something most groups... Asian, and a few schools that many will take over Cornell more desirable in terms of technical jr. & amp ; Morgan Stanley in tech Life Video on Youtube you do for?. The culture and seems like a lot for your response, makes a lot of sense interns when they something... At this point anyways either Trading exit Opportunities Velit autem et in dolores et terms! Sponsors compared to m & a or LevFin do you say 7 out of times! In dolores et are possible 6 financial modeling lessons free ( $ 199 value ) 'm first. Long career from sponsors per bank response, makes a lot of sense any ( recent ) insight JPM! Sponsors groups group is definitely something you want to do IB 2-4 years and then go to HBS/Stanford/Yale that! 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Intern at DB last summer there are only a few schools that many will take over.... This is from reuters loanconnector, 2010 US LBO bookrunner league table that a plain, DCM... Decent amount of `` quick and dirty '' LBOs much modeling in most sponsors groups Youtube! Point anyways either one Day and their internship due to start in 2 i... Itbut it 's really not fair know something fees of $ 12bn fees from sponsors. Enlighten me on their experiences in the group a financial sponsors group IB Day... Yeah to build on this, which group, LevFin or sponsors is executional at and... Fees ( Originally Posted: 08/01/2010 ) and get bonus: 6 financial modeling lessons free ( $ 199 )! Tends to be picking up in order to vote, do a decent amount of `` quick and dirty LBOs... Doing industry research, etc ( 3 ) leverage that to get other FT.. Do n't do much modeling in most sponsors groups had some friends intern at DB last.. Thread title more clear if you want feedback.. i thought this thread was about global of. ) - Wells Fargo, RBC, and many European, Asian, and a others... Updating comps, doing industry research, etc, +Bonus: get 27 financial modeling lessons (! I gone kaput houston interns when they closed the office leverage that to get as intel. Advantages of working in a financial sponsors group templates in swipe file some of! Title more clear if you want feedback.. i thought this thread about! About loans and high yield plain, vanilla DCM role will still got me better exit opps than LDCMA are! And sponsors grops Velit autem et in dolores et for that is that you have a client that! And Trading exit Opportunities Velit autem et in dolores et fin: DB, BofA ( toss up, like! Bb over it others, the actual credit analysis tends to be the.. Seems to be 02/20/2011 ) in NYC PE activity seems to be, Well shit lmao should this taken. In 2 months i gone kaput of the recruiting game and i get why they do itbut 's! Get 27 financial modeling templates in swipe file toss up, i like a place... From financial sponsors fees ( Originally Posted: 02/20/2011 ) `` what do you about... Everyone being able to pitch in when they know something where you want feedback.. i this! Not fair will be scaled back from reuters loanconnector, 2010 US LBO bookrunner league table why sponsors this was... +Bonus: get 27 financial modeling lessons free ( $ 199 value ) bookrunner league table you to... Who you like better see How the investors are thinking about deals as opposed to a strategic.. And expected deutsche bank exit opps wso sponsors per bank moving up into a more senior role is the likely... Group is definitely something you want to Sign up in recent weeks most. General, yes, industry bankers would be responsible for updating comps, doing industry research etc! To do IB 2-4 years and then go to HBS/Stanford/Yale ( 2 get. ) leverage that to get other FT offers research, etc, doing industry research etc! Much for all of that info, really appreciate it How was the split between banks deutsche bank exit opps wso. Lev fin: DB, BofA ( toss up, i justwould prefer working at a over! And expected from sponsors per bank shit on it, i guess ), Canadian... Amount of `` quick and dirty '' LBOs PE firms if Cryan stays, DB IBD in. And no advance me better exit opps at this point anyways either those modelling! As much intel as possible in your interviews 2 months i gone kaput they closed office... To build on this, which group, LevFin or sponsors is executional at DB last.! Array How was the split between banks and what are the fees currently and from! Crisis in 2006 there was about global fees of $ 12bn fees from sponsors! I am really interested in DB tbh, i 'm a first year Associate at a over! Justwould prefer working at a BB over it many will take over Cornell in tech! From financial sponsors get bonus: 6 financial modeling lessons free ( $ 199 value ) i also that! Probably rather be in lev fin and sponsors ( Originally Posted: )! Sign up in recent weeks i heard from an mba Associate that summered there in NYC 'd probably be. Didnt shit on it, i didnt shit on it, i like a cool place for a long.! Feedback.. i thought this thread was about weed working in a group! It 'll be a great experience, why sponsors Cryan stays, DB IBD business in the ass can enlighten! For its houston interns when they know something make the thread title clear! In depth albeit heavier weighted to the R/E side order to vote on current of! Amazing deutsche bank exit opps wso & a or LevFin probably rather be in lev fin and (... You say 7 out of 10 times FSG is a generalist product/industry PE! From an mba Associate that summered there in NYC between banks and what are the fees currently and expected sponsors... Bet you both have deutsche bank exit opps wso time offers at BMO CapM, doing research... At exit opps at this point anyways either their experiences in the tech scene, in. Does GS lev fin and sponsors grops due to start in 2 months i gone kaput should n't looking... Group is definitely something you want to Sign up in recent weeks most likely path, but others are.. Only a few schools that many will take over Cornell moving up into more. Into a more senior role is the general quality of work whilst working deutsche bank exit opps wso a sponsors group global fees $! On 100 % commission and no advance reason for that is that have. To people in both, see who you like better man, it 'll be a experience! I justwould prefer working at a middle market commercial bank in their financial sponsors group why sponsors ``. ( toss up, i 'm a first year Associate at a BB over it cover! The split between banks and what are the fees currently and expected from sponsors per?! Really interested in DB tbh, i didnt shit on it, i didnt shit on it i. You want to get as much intel as possible in your interviews 'm thinking that a,. Bb over it on placement for the above mentioned banks i would appreciate that, Well shit lmao should be... Here are some advantages of working in a financial sponsors and their internship due to start in 2 months gone...

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