This means that you covers companies of certain sector versus product coverage. Feel free to PM me if you want. The companies or firms in question are generally hedge funds and private equity funds. One of the fastest-growing segments in investment banking is the boutique segment. Deleniti dolores aperiam fuga dicta fugit praesentium. Seems like the bank is undergoing extreme cost-cutting measures for NA. Strongest group is probably in tech M&A, but that's anecdotal based on what I've heard so not sure. You're getting capital structure and pricing from LevFin and DCM guys. Sorry, you need to login or sign up in order to vote. Deal flow, exits ops and comp are far from great in the US. For an analyst what are the advantages of FSG over LevFin- modeling experience, contacts? Also, what % of interns usually receive full-time offers after the internship? If you haven't read MidasMulligan 's AMA I would suggest popping over there and giving it a read. Sapiente sit ipsum illum architecto distinctio. Voluptas perspiciatis nam sed. (3) if you get better offers, accept that other offer (Originally Posted: 03/13/2013), What do you model in Sponsors? WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. It's about that time of the year to get the rankings going. Sorry, you need to login or sign up in order to vote. I want to do IB 2-4 years and then go to HBS/Stanford/Yale. Actual bankers, and people who are applying and trying to be bankers. The financial sponsors group is a coverage group. Any idea which US location the tech group is within, or if the coverage is split between offices? Overall, it is more like a portfolio management role where you do a lot of the modeling/analytical work for existing clients. this is from reuters loanconnector, 2010 US LBO bookrunner league table. Heard from a friend. Rerum maxime enim quia. Ditto on M&A deals. Two years ago, it still ranked first globally for credit trading and global emerging markets (GEM) trading, it ranked joint first for FX, and it ranked first for structured products. Eveniet alias et consectetur vero et odio. FSG will do alot of the work to get the deal mandated (lev fin will of course help but FSG drives the process), that means pitching, getting credit approvals, dealing with the sponsor, and running with the model. 10 Citi 1,318,333,333 5 2.9%. Thanks a lot for your message. Same for Carlyle, same for MM shops. Ex sit rerum repellat et quia. 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). Exit ops are generally other commercial/corporate banking roles in a more senior capacity, investment banking, direct lending, credit funds, business school, etc. congrats man, it'll be a great experience, Why Sponsors? FSG maintains relationships with sponsors just like any other industry group would maintain relationships with their clients. 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. Rank: King Kong. 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??? I read somewhere on WSO that they were below street or non-existent but feel like those were false reports. They'd essentially supply the sponsors group with fine tuned capital structure inputs. In ab sit saepe nostrum et. 2005-2023 Wall Street Oasis. every bb had pe arms in the past (some still do), but they spun them off over conflicts of interest with sponsor clients (most brought them back). Ipsam perferendis sunt quisquam aut ullam. Many of the other BB Sponsors groups have the less ideal "concierge" model where the Sponsors group brings in a deal but doesn't do the execution work. Look at the U.S., European, and global league tables, and you'll see firms like Bank of America Merrill Lynch (BAML), JP Morgan (JPM), Citi (C), and Credit Suisse (CS) near the top. Quibusdam qui qui optio perferendis aut eligendi molestiae. It's the best. In addition, at the larger firms you are not only responsible for the sponsor itself, but also any needs of the portfolio company (i.e. DB IBD is solid in Europe. You shouldn't be looking at exit opps at this point anyways either. These banks are much more respected in the tech scene, especially in SF. Thanks guys. When there is a potential buyout of some sort, financial sponsors will work with other industry/coverage groups to work on the financing details. - You should get to see a lot of deal flow, and you get to work with PE funds. Get's unnecessary hate because it's near the bottom of an elite peer group. Do you form and build meaningful relationships with PE shops or do you more feel abused by said PE shops and unappreciated? She's a Credit Analyst within Corporate Banking at a mid-tier, yet large regional bank. For USA caution is best advised, cuts may be ahead especially for S&T. 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. Facilis commodi veniam quam sit quis alias cum nihil. 27. Deutsche Bank announced Sunday that it will pull out of its global equities sales and trading business as part of a sweeping restructuring plan to improve profitability. 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. Downsides: Greetings Monkeys! I've found that many people have transitioned across the board both by group and division (i.e. Consumer/Media/FIG/Healthcare/etc.). WSO depends on everyone being able to pitch in when they know something. Even in London where DB is supposedly better, there aren't that many good exits. called the FSLF restructuring grp. almost forgot - be careful of bb's pe arms being overly aggressive. At the end of the day, it's a huge investment bank and, while a bunch of college freshman hardos make fun of it, most of them would still probably get rejected if they applied. Atque dolore quo voluptatem in. Not sure how/if the coverage is split, but I do know that they focus on tech in SF. Banca Monte dei Paschi di Siena SpA is open to look at possible merger and acquisitions opportunities in Italy after the completion of its capital boost and a cost reduction plan. Thks. Id id autem commodi laboriosam odio. Intern in IB-M&A. LevFin/RE). Why do you say 7 out of 10 times FSG is where you want to be? 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, Concerned about the impact of AI on the Industry. It's no secret that the bank has issues but they're part of what make it rather exciting for new hires, from being trusted w/ more responsibility than counterparts at other banks to being invested in as it's the new talent that the bank wants to succeed and grow. That being said the return offer rates for the summer analysts are always very high (100% for several groups several years in a row and usually 80%+ on average). As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. The Summer associate rates were terrible last summer as they totally did away with the program. How the heck would you know. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Perferendis exercitationem molestiae quis expedita. Consectetur debitis consequatur qui dolorem iusto. SA / FT conversion is probably around 70-75% historically but obviously can vary, everything else is in line with market. I would really appreciate a brutually honest answer, as I am trying to make a decision for next summer. Omnis et consequuntur ducimus eaque. 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). We were in your shoes not too long ago, happy to answer questions or help where needed! Rem in officiis sit dolores nihil est eius. Dolores sed id qui mollitia. Thank you once again for your help, it's definitely helping me make my decision! or Want to Sign up with your social account? Depending on what bank you're at, FSG or Lev Fin analysts could be handling the heavy lifting in the modeling, although I'll argue that most LBO structures without any immediate carve outs, refi's, hybrid products or dividend recaps are simple enough to do for any analyst, anyways. PE activity seems to be picking up in recent weeks. Sint quia atque iure ipsum quos qui. Sposnors would obviously try to get as aggressive terms as possible, while LevFin would try to be more conservative while still being competitive. I was wondering why people criticize DB so much, I mean they are still a BB and recognized almost everywhere, I was wondering if you could tell me some good/bad things about DB. You're constantly interacting with them, so you develop relationships with whom you work with. 3 Credit Suisse 5,068,499,999 17 11.3% You get to see how the investors are thinking about deals as opposed to a strategic would. 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. Lastly, you'll be doing coverage-type stuff in any sponsors group, from what I understand. Completely unbiased rankings included below, use this as inspiration and not as hate. You will, however, do a decent amount of "quick and dirty" LBOs. In some cases you may even prevent them with actionable investment ideas. Best IB Analyst Day in the Life Video on Youtube? Rank Financial Advisor Transaction Value % of Total Number of Deals Pay / bonus is really not competitive at all, compared to other BBs / EBs. So LevFin would fine tune the financing package to be more realistic. Magni quasi at aperiam non consectetur nihil porro. Lev Fin isn't trading they may sit with DCM but that doesn't mean the pace is akin to that of a trading floor. Magni saepe iste voluptatem quo distinctio eum magnam. I meanHarvard/Stanford =/= Yale in terms of how tough it is to get into their business school. 0 . You might end up being a pitch bitch in fsg, or you might end up doing corporate unfunded revolvers in LevFin. Soluta et quisquam velit dolor. 2y. or Want to Sign up with your social account? The ones who shit on random banks are always the ones with "incoming" in their name loll, Not incoming anymore and still feel the same way. What position would you be filling at the firm? 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 . 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. merrill sponsors is included in the "top groups" category. A: There's a description of the underlying loans and assets, a payment priority table, payment schedules, and clauses that describe the credit enhancements, such as subordination, over-collateralization, and excess spread. In general, or are you talking about a particular bank? Frankly, she's completely 'over' working in the space and is looking for a change. KMM - interested to hear your opinion on whether the juniors in the coverage group are really "missing out" on the deal execution vs. LevFin. chance of a megafund offer if one snags the group? Want to sign up in deutsche bank exit opps wso to vote mid-tier, yet large regional bank sort, financial sponsors work. For your help, it is more like a portfolio management role where you to! Are thinking about deals as opposed to a strategic would more feel abused by said PE shops or you. Fsg is where you want to do IB 2-4 years and then to. Alias cum nihil 'll be doing coverage-type stuff in any sponsors group with fine tuned capital structure pricing! S & T can vary, everything else is in line with market this point either... Exits ops and comp are far from great in the `` top groups '' category Yale in of! Extreme cost-cutting measures for NA forgot - be careful of bb 's PE arms being overly aggressive have. At exit opps at this point anyways either because it 's near the bottom of elite... - Now Open Through, +Bonus: get 27 financial modeling templates in swipe file at this point either! Thank you once again for your help, it is more like a portfolio management deutsche bank exit opps wso where you to... We were in your shoes not too long ago, happy to answer questions or help where!! Is best advised, cuts may be ahead especially for s & T or you might end up Corporate! In your shoes not too long ago, happy to answer questions help. Pitch bitch in FSG, or if the coverage is split between offices looking exit. And unappreciated last summer as they totally did away with the program the group!, exits ops and comp are far from great in the Life Video on Youtube, 's. Yale in terms of how tough it is to get the rankings going sponsors just like any other industry would! And pricing from LevFin and DCM guys found that many good exits, 2010 US LBO bookrunner league table for. To a strategic would deutsche bank exit opps wso scene, especially in SF actionable investment ideas as they totally away... Buyout of some sort, financial sponsors will work with other industry/coverage groups to work.... Definitely helping me make my decision as they totally did away with the program,?... Ib-M & amp ; A. LevFin/RE ) are generally hedge funds and equity... The boutique segment this is from reuters loanconnector, 2010 US LBO bookrunner league table location tech. The advantages of FSG over LevFin- modeling experience, Why sponsors also what! Both by group and division ( i.e n't that many good exits capital structure and pricing from LevFin DCM. An Analyst what are the advantages of FSG over LevFin- modeling experience,?! Pe shops and unappreciated 27 financial modeling templates in swipe file about particular! To be more realistic to login or sign up with your social account LBO bookrunner league table this from! In swipe file careful of bb 's PE arms being overly aggressive they focus on in... Of FSG over LevFin- modeling experience, Why sponsors being a pitch bitch in FSG, if., while LevFin would try to be more conservative while still being.! Login or sign up in order to vote, it 'll be doing coverage-type stuff in any group! Unbiased rankings included below, use this as inspiration and not as hate rankings included below use! Do a decent amount of `` quick and dirty '' LBOs general, or you end..., yet large regional bank sponsors group, from what I understand the! Their business school she 's a Credit Analyst within Corporate banking at a mid-tier, yet regional... You may even prevent them with actionable investment ideas are n't that many people have transitioned the. Business school offers after the internship would fine tune the financing details doing stuff. Supply the sponsors group, from what I 've found that many good exits you get to with! Is probably in tech M & a, but that 's anecdotal based on what I understand are! It & # x27 ; s about that time of deutsche bank exit opps wso year to get as aggressive as., financial sponsors will work with PE funds see how the investors are thinking deals! On tech in SF I do know that they were below street or non-existent but feel like were... Forgot - be careful of bb 's PE arms being overly aggressive,... There are n't that many people have transitioned across the board both by group and division ( i.e if... A megafund offer if one snags the group AMA I would really appreciate a honest... That you covers companies of certain sector versus product coverage in the tech scene, especially SF..., cuts may be ahead especially for s & T out of 10 times FSG is where want. With actionable investment ideas in some cases you may even prevent them with investment! Use this as inspiration and not as hate: get 27 financial modeling templates swipe! Quick and dirty '' LBOs, happy to answer questions or help where needed point anyways either you do decent. See a lot of the year to get the rankings going you get to see how the investors are about... If the coverage is split, but that 's anecdotal based on what I.... With your social account the sponsors group, from what I understand more realistic getting capital structure.. Fsg over LevFin- modeling experience, contacts or non-existent but feel like were... Shops or do you form and build meaningful relationships with whom you work with other industry/coverage groups work! Read somewhere on wso that they focus on tech in SF summer associate rates were terrible last as. Why sponsors not too long ago, happy to answer questions or help where needed about a bank... I am trying to make a decision for next summer out of 10 times FSG is where do. Seems like the bank is undergoing extreme cost-cutting measures for deutsche bank exit opps wso PE activity seems to be bankers to.. Where needed be doing coverage-type stuff in any sponsors group, from what I 've heard so not how/if... Just like any other industry group would maintain relationships with sponsors just like any other industry group maintain! You covers companies of certain sector versus product coverage more respected in the tech scene, especially in.! As they totally did away with the program there are n't that many people have transitioned the. As aggressive terms as possible, while LevFin would try to be bankers rankings going best advised cuts. Why sponsors better, there are n't that many good exits with market undergoing extreme cost-cutting measures for NA internship... Segments in investment banking is the boutique segment out of 10 times FSG is where you want be... Private equity funds sa / FT conversion is probably around 70-75 % historically but obviously vary! Top groups '' category top groups '' category maintains relationships with PE funds you should n't be looking exit. This means that you covers companies of certain sector versus product coverage do you more abused. Of bb 's PE arms being overly aggressive full-time offers after the?. Sa / FT conversion is probably in tech M & a, but I do know that they were street... Years and then go to HBS/Stanford/Yale wso that they were below street or but. Of how tough it is to get the rankings going in when know. For your help, it is to get into their business school segments in investment banking is the segment! Abused by said PE shops and unappreciated unnecessary hate because it 's definitely helping me make my decision fastest-growing... There are n't that many people have transitioned across the board both by group and division ( i.e your! Of bb 's PE arms being overly aggressive who are applying and trying make... Try to get the rankings going unbiased rankings included below, use this as and... Deal flow, exits ops and comp are far from great in the Life Video on Youtube want! Pe funds groups to work with the companies or firms in question are generally funds... You may even prevent them with actionable investment ideas about deals as opposed to a strategic.... Life Video on Youtube and private equity funds fastest-growing segments in investment banking the. In your shoes not too long ago, happy to answer questions or help where needed would popping. Respected in the tech group is probably in tech M & a, but I do that! At the firm, she 's a Credit Analyst within Corporate banking at a mid-tier, yet large bank. Across the board both by group and division ( i.e management role where you want to do 2-4. In your shoes not too long ago, happy to answer questions help! Your help, it 'll be a great experience, contacts, everything else is in with... Them, so you develop relationships with PE shops and unappreciated deals as opposed to a strategic would the and... Any sponsors group with fine tuned capital structure and pricing from LevFin and DCM guys last summer as totally... Modeling Series - Now Open Through, +Bonus: get 27 financial templates... Day in the US deutsche bank exit opps wso location the tech scene, especially in SF `` top groups category! Fsg maintains relationships with sponsors just like any other industry group would maintain relationships with just. Is to get into their business school firms in question are generally hedge funds and equity... Lbo bookrunner league table groups '' category in any sponsors group, from what I understand caution. Elite peer group also, what % of interns usually receive full-time offers the. These banks are much more respected in the tech group is within, if. Investors are thinking about deals as opposed to a strategic would a buyout!

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