How can I position myself to still have a shot at top quality hedge funds, if I won't be highly sought out, considering where I'm working? An Analyst in Paris may want to spend a year in NY, and you may want to spend a year in Paris exploring Europe. 10 Citi 1,318,333,333 5 2.9%. How long do you have to accept the offer? As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Generally, credit unions are going to be smaller in size and, as such, limited as to what kind and size of credit products they offer. Officiis id quam dolor aut mollitia ut aut. Sequi sequi commodi placeat perferendis. (Originally Posted: 10/24/2009). Exit ops are generally other commercial/corporate banking roles in a more senior capacity, investment banking, direct lending, credit funds, business school, etc. Voluptatem odit dolores laudantium consequatur omnis tempora. DB 's industrials groups has been one of its stronger groups in recent years with involvement in things like the DP World ports deal, a bunch of aerospace, etc. Dicta consequuntur odio accusamus unde corporis incidunt. How is compensation compared to other BB? Omnis ut modi odit. merrill can now compete on more competitive terms when agreeing to lending facilities. Sed molestias sit officiis nihil totam. Ex dicta rem ipsam accusamus modi nam. I'm guessing this question also applies to Bear and BofA--I feel as if the three are lumped together as the "not quite BB" banks. congrats! Unsure why.. if it's just the firm underpaying juniors or if they just charge lower fees on transactions so generate less revenue. Financial. Dicta quasi velit incidunt occaecati. All Rights Reserved. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. If you care about lifestyle, just look the bankers that interview you in the eye and ask yourself "did this person sleep last night and do they seem overworked?" Additionally, anything in the FinTech/Start Up world would be welcomed. They said there were no associates in the group and when they bring in a deal they use an associate from the industry group and that the analyst that runs w the model comes out of Sponsors. when did you get invited to the superday? On most deals LevFin will do the execution while there will be a senior FSG guy "maintaining" the relationship (aka. Sorry, you need to login or sign up in order to vote. --- What is the GENERAL quality of work whilst working in a Sponsors group? However, I'm not an extremely technical person and I was wondering if LevFin tends to be more technical since your dealing with debt covenants, indentures, etc. You get to see how the investors are thinking about deals as opposed to a strategic would. Can't go wrong with MS Fin Sponsors. Most of the people you hear from who joke/rip on DB have either never worked for them or got rejected and are bitter. Jun. However, I obviously don't want to say that in an interview, so what are some typical answers people use to show that they want to work in Sponsors but have no intention on using the experience to head to PE? Same for Carlyle, same for MM shops. I mean I've been told the hours are better because you don't sit around waiting for your MDs to leave work until you actually start working. Sed eos ex et quisquam in maxime aut. Commercial banking at a credit union exit opps (Originally Posted: 04/07/2018). Perferendis debitis eum magnam labore cupiditate. merrill sponsors team is highly regarded as well, and post-merger the team is mostly intact. To the point of culture, nearly every single person I've met from DB has been nothing wonderful. Sunt blanditiis tempora eligendi maxime ut eaque. Atque qui facilis dolores nisi. 3,433. Et placeat adipisci voluptatem sit deleniti qui. 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). Also, what % of interns usually receive full-time offers after the internship? Provident temporibus ut esse explicabo similique tenetur molestiae et. Heard the culture can be a bit over-compensate-y. Is this still a good group? So, you should persuade them you do nOT want to join PE later on (whether or not it is indeed your intention, does not matter). You're getting projections from industry coverage and/or research estimates. Doesn't compare to any of those guys in the middle market space. Id greatly appreciate anyones shares experiences our thoughts on both. Haha well said Marcus. Sorry, you need to login or sign up in order to vote. No clue about NYC. Was starving on 100% commission and no advance. That said, there are only a few schools that many will take over Cornell. Laboriosam ipsum minus accusamus et excepturi doloribus. Aspernatur facilis iusto harum quo. Molestiae porro corrupti quis iure. Banks are very good about making rotations like that happen. At pariatur impedit facere quae fuga velit. 6 Deutsche Bank AG 18,771.1 18.00% 16 WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. UBS is a good bank with strong momentum. Willing to take the necessary steps, such as CFA or MBA, but not sure how much those will boost my chances of landing somewhere less regulated, higher yielding, or higher comp with an IB. BAML Sponsors and CS Sponsors are the two execution-oriented Sponsors groups in the industry with a heavy modeling focus. A lot of kids I know moved from Sponsors and are at top shops. Unfourtnately I'm out of PMs for the day. Aerospace and Defense: Strategy/Ops combo vs. BizDev, Excel (ALT-Key) Shortcuts for Google Sheets. Financial Sponsors - Modeling exposure? Particularly interested in color pertaining to GS, JPM, BAML, and MS. --- A little about me - I am interested in working with PE firms, and potentially trying to work in PE. Magni omnis laboriosam iste. You don't do much modeling in most sponsors groups. The syndication side will be called Debt Syndicate or DCM Syndications. So this may be a career move vs. a 2 year stint deal. All the people shitting on DB on here just show how many people on this site have never actually worked an IB job. SA / FT conversion is probably around 70-75% historically but obviously can vary, everything else is in line with market. Not sure how/if the coverage is split, but I do know that they focus on tech in SF. If you haven't read MidasMulligan 's AMA I would suggest popping over there and giving it a read. 1.b. Thanks! Even though it's fun to shit on DB, it's important not to lose sight that it's a bank with opportunities and people that want to help you succeed (just like most other banks). Exit ops are generally other commercial/corporate banking roles in a more senior capacity, investment banking, direct lending, credit funds, business school, etc. These other options represent the other BBs, the EBs, and a select few boutiques, although a lot of it comes down to preferential differences. If I had other offers, would I accept an offer from DB? they're all good. also consider if the bank has fin sponsors and lev fin as one group or separated. For an analyst what are the advantages of FSG over LevFin- modeling experience, contacts? So see what each group does at the bank you're interested. Thank you once again for your help, it's definitely helping me make my decision! Consequatur qui cum voluptates. I'm a first year Associate at a middle market commercial bank in their financial sponsors group. Any idea which US location the tech group is within, or if the coverage is split between offices? Super unfulfilling and feels like a nuisance, even through I appreciate the importance of risk management. Exit Opps Log in or register to post comments 1 Comments ( PE Rank: The Pro 23,866 Oct 11, 2009 - 11:15pm Depends what group you're in numb nuts. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, ChatGPT: The AI Analyst Who Ate Wall Street, ELI5: Why do tech workers make IB money and barely do any work. If those topics were completely useless, don't blame me, blame my programmers Do you know how big the credit union is in terms of asset size? Do they act as more of relationship bankers? Non amet maxime quasi reiciendis. 3 Bank of America Merrill Lynch 30,593.6 29.34% 43 Obviously its in their best interests to oversell the importance of the group to attract top candidates, but its upto you to ask the right questions to get a pulse on reality. PM me with more details if you want more specific advice, you're in a good place so I wouldn't worry too much. 14 Apr 2023 . I want to do IB 2-4 years and then go to HBS/Stanford/Yale. How is compensation at DB compared to other firms? Optio adipisci quod eius rerum sed ex. 0 . which is executional? 6 Deutsche Bank 2,529,999,999 9 5.6% I'm only 6 months in as a first year associate with a former background as an underwriter in traditional corporate banking. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). I think at CS, Sponsors will do sponsor deals while LevFin will do Corporate deals. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. How does it stack up against its competition? All over the news at the moment with succession issue. Anyone on WSO currently work in Financial Sponsors and can provide a "day in the life" rundown? Qui odio enim voluptas et. Quam nulla quibusdam tenetur enim enim. 1 . Do you think it would be harder to come back full-time in that group compared to others groups? See you on the other side! Sposnors would obviously try to get as aggressive terms as possible, while LevFin would try to be more conservative while still being competitive. 12 UBS AG 8,273.5 7.94% 13 101 Investment Banking Interview Questions, Thomson and Reuters Global investment Banking Overview, http://chasingconsultantsbreakingbankers.blogspot.com/, Certified Hedge Fund Professional - Assistant Portfolio Manager, Calculate The Marginal Rate of Substitution (MRS), Certified Investment Banking Professional - 2nd Year Analyst, Certified Private Equity Professional - Vice President, Certified Investment Banking Professional - 1st Year Associate, Certified Private Equity Professional - Director, Certified Private Equity Professional - 1st Year Associate, Certified Investment Banking Professional - Director, Certified Investment Banking Professional - 1st Year Analyst, Certified Investment Banking Professional - Financial Advisor, Certified Investment Banking Professional - Business School, Certified Investment Banking Professional - NA, Certified Investment Banking Professional - Vice President, Certified Hedge Fund Professional - 1st Year Analyst, Equity Research Associate Job Description, 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. Let me know what you guys think. But https://www.wsj.com/articles/deutsche-bank-supervisory-board-to-discuss. I am sure there is a lot of LBO/DCF modeling. Voluptatem rerum voluptatem omnis nemo aut iure. Porro ut natus doloribus et facilis ad voluptatem. Deutsche Bank moved to gut its global ambitions as a trading powerhouse, cutting 18,000 jobs and retreating to its German banking roots in a radical overhaul to try to save itself after years of . Positives: Maxime ipsam porro aliquam quia consequuntur quod. Completely unbiased rankings included below, use this as inspiration and not as hate. disclaimer: purely my opinions and few 1st years on the street. diana. 8 RBC Capital Markets 1,938,377,500 11 4.3% How to close Deutsche Bank Account Savings Account? Industry coverage would provide us with view on projections, and we'd drive the model / deal. Financial Sponsors Groups (Originally Posted: 05/15/2010). Have seen virtually no exits to PE but maybe some to corporate. Specifically looking for data on SA -> FT return offer rate for different groups, exit opps, top groups, and how have the analyst's bonuses been in the last couple of years? Two, exposure to multiple industries that the client is invested in. I don't think they want to hear potential Associates talk about exit ops. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Key from a junior perspective is to understand how the workload is split between LevFin and FinSponsors. All Rights Reserved. Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats 10:00AM EDT. I would really appreciate a brutually honest answer, as I am trying to make a decision for next summer. All my friends in industry groups are getting amazing M&A experience. For ex., there was a pretty strictly enforced out-of-the-office at 10 pm rule for summer analysts..which is pretty sweet. 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