Best coverage groups for investment banking

Reed Rayman was cruising at Goldman Sachs. This story requires our BI Prime membership. Griffiths, now a vice president, has ascended to a high level as a relative newcomer to investment banking. He was promoted to managing director in January. Hi guys, I’ll be entering the «Street» in Australia very soon and am curious as to what groups are the strongest.

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If you’re new here, please click here to get my FREE page investment banking recruiting guide — plus, get weekly imvestment so that you can break into investment banking. Thanks for visiting! Just like the debate over cardio vs. Examples include:. There are several sub-divisions of groups at a bank :. The main difference is that industry groups focus more on knowledge of the industry, what different companies are doing, and building operating models 3-statement models for companies. You hear this line of reasoning a lot, geoups no one has ever collected data on where analysts go afterward — so all these discussions are anecdotal at best.

Glenn Silverstein, 30, Bank of America Merrill Lynch

Hey all: Thanks in advance for your help. I’ll be working at Barclays IB in the summer of and was wondering which coverage group are most highly regarded. Are there any specific groups you all would recommend? I assume this is for the US, not London? Good thing about Barclays is that pretty much all the groups get looks in terms of buyside recruiting so my honest advice is that you pick a group based on what coverage sector you are most interested in.

Moritz Baier, 31, Goldman Sachs

Hey all: Thanks in advance for your help. I’ll be working at Barclays IB in the summer of and was wondering which coverage group are most highly regarded. Are there any specific groups you all would recommend? I assume this is for the US, not London? Good thing about Barclays is that pretty much all the groups get looks in terms of buyside recruiting so my honest advice is that you pick a group based on what coverage sector you are most interested in.

With that said if I had to speak strictly in terms of placement, I would recommend the following in no particular order :. I don’t have many personal friends here so I can’t speak for the inner workings, other than that this group truly gets their cream of the crop — if you are an incoming FT analyst going through FT group placement for the NY officeyou will notice that this group tends to be quite picky on schools they mainly target kids with ivy league backgrounds, mainly HYPW to be specific and is probably the only coverage group within Barclays that is able to handpick kids in such a manner.

With that said, note that NatRes specifically oil and gas is very technical and is a somewhat niche sector so make sure you really enjoy the space or don’t mind spending hours a week delving down on — I’ve seen many summer analysts who interned in NatRes then switched out to a different sector group i. Very fratty group and probably places the best alongside NatRes out of all the groups at Barclays — historically and currently one of the best groups at Barclays and across the Street in general.

One of the best coverage groups for investment banking of this group is that you are staffed directly to a set of clients so you really «own» the clients you are assigned and get to understand them inside out — this is different from a standard coverage group staffing where you are randomly staffed into whatever projects pop up in the pipeline which you typically don’t get much say as a 1st year analyst.

The only main drawback I’ve heard from friends here was that the group is extremely «fratty» so they warned that it’s important to make sure you fit in culturally with the group.

Not completely sure what he meant by that but that but take it for what it’s worth. If you want a pure play generalist experience, this is the group to gun. Ever since Jes took over as CEO, Barclays has been targeting Sponsors ferociously and now it’s come to a point where Barclays rarely misses out on any LBO financing activity barring KKR in recent times due to the Jes family conflict, although KKR’s stance has softened significantly lately and this group bears most of the fruit of all the incoming LBO activity the firmwide LBO model in the US was designed by the Sponsors group just to prove a point on this end.

With that said, group is very, very hard to get in to, not just because it’s popular but because the group takes in the least amount of analysts out of all the coverage groups, from a pure numbers perspective.

This is a great post. In regards to LA, Barclays is definitely one of the top places to be — Ted and James are incredibly well-respected in the Sponsors community. From what I’ve heard, Analysts and Associates work across both the Financial Sponsors and Consumer Retail groups, which are both top groups within the firm. Thanks so much for taking the time to post. Really appreciate it. Interested in hearing your take on deal flow for Tech in NYconsidering the existence of the Menlo office.

Also any advice for group networking and gaining placement in a top group would be really appreciated. Thanks. WSO depends on everyone being able to pitch in when they know. Join Us. Already a member? Popular Content See all. Leaderboard See all. IB Resources See all.

Recent Jobs See all. Rank: Senior Monkey Log in or register to post comments. Comments 8. Power and Nat Resources. Private Equity Interview Questions. Investment Banking Interview Questions.

Most Helpful. Dec 11, — pm. With that said if I had to speak strictly in terms of placement, I would recommend the following in no particular order : 1. Not completely sure what he meant by that but that but take it for what it’s worth 3. Hope this is helpful. Investment Banking Interview Questions and Answers. Great response! What is your take on their LevFin and healthcare practice?

Excel Model Templates and Training. Do you mind talking about the Industrials group? Private Equity Interviews. No WSO Credits? Sorry, you need to login or sign up in order to vote. As a new user, you get over WSO Credits free, so you can reward or punish any content you deem worthy right away. See you on the other side! Join Us Already a member? Related Content See. BarCap Groups? Notes for Technical Interview Questions. Life After Investment Banking Close Save changes. Get Notified? Notify best coverage groups for investment banking when there are new comments or replies on my discussion.

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Investment banks perform two basic, critical functions. Huge losses were recorded and the remaining major investment banks were forced to either change their business models or consolidate with other banks in an industry-wide effort to reduce leverage ratios and stabilize the banking. She did stints at two smaller investment shops and then joined Blackstone in Samuel Sandford cut his teeth in finance with EY in London. However, it is important to note that part of the reason is that as a deal or transaction progresses, the details are substantial and they can change very quickly. Can someone provide me with some insight on which one of these gr He won a Newsday stock-picking competition for students at age 10 he picked Microsoft. The managing director will have final say on all deal material before it is shown to the client the company that the bank is representing on the deal. First, investment banks best coverage groups for investment banking as intermediaries between those entities that demand capital e.