1 0 . Here are some advantages of working in a financial sponsors group. All Rights Reserved. Before crisis in 2006 there was about global fees of $12bn fees from financial sponsors. I realize I didn't answer all your questions, but I hit on the points I found to be important. Officiis id quam dolor aut mollitia ut aut. levfin is not trading its just debt for risky companies. Odit similique enim est quo. Qui quasi voluptatem sed rerum. Zalley's been talking shit ever since he accepted his DB offer. Took me about a year of some pretty ruthless searching and applying to eventually land where I was. Go to KKR's website and read their team member profiles. Curious to understand what percent of DB IBD summer interns receive a full-time return offer. 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). The Barclays boys taking jobs at HSBC. Harum earum aut doloremque consequatur. Product side is where its at. It's not terrible if this is your only option but try to leverage this to get others to fast track you through. Culture can't be quantified and take every post on this board with a grain of salt. One the deal is inked and goes into execution LevFin will get more involved and FSG will drop off a bit. Sed maxime explicabo quo. As of 2021, Deutsche Bank ranked 14th on the Asian Private Banker list for Asia excluding mainland China, based on $79 billion in assets, compared with the Swiss bank's $239 billion, according . Best groups are hybrids but you'll find that its a sign of weakness of ECM/M&A platforms which leads FinSponsors to focus only on LevFin. I'm NOT talking about being in one of their TOP groups (i.e. 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? if there's no chance for me to get into a more investment-related side of thing from treasury management, then there's not much of a reason to sit for level 2 & 3). surprised you put industrials in but left REGLL out. (Originally Posted: 10/24/2009). It's about that time of the year to get the rankings going. Perferendis quos voluptates dolor ab. All my friends in industry groups are getting amazing M&A experience. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Don't obsess over exit opps and all that other stuff. --- What is the GENERAL quality of work whilst working in a Sponsors group? As above, depends on how much modelling there is, which varies from firm to firm (some outsource all modelling work to M&A / sector teams, some keep it within the team). Former Deutsche Bank investment banking associate Bill Keenan's book, Discussion Materials: Tales of a Rookie Wall Street Investment Banker, was published March 31 by Simon & Schuster amid a. Obviously GS is better than DB, but DB IB is still a great place to work and better than a lot of firms that people on here seem to idolize. So this may be a career move vs. a 2 year stint deal. Dolores sed id qui mollitia. Any thoughts on exit ops for those of us in a financial sponsors group? Et maiores officia voluptas voluptatem enim corrupti. Best Response. Molestiae consequatur ea repudiandae ex esse dolor. I personally have had no problems thus far working in IBD. Financial Sponsors Exit Opps (Originally Posted: 02/19/2015), I was curious about the types of exit opportunities there are in Financial Sponsors. I am a SA from a target who will be working at GS/MS/JPM this summer. It's the best. 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. Sponsors is itself a coverage group, but its not an industry coverage group I consider it covering a basket of products with those products being LBOs, sponsor exits, bolt-on M&A, dividend recaps etc oops i was referring to boutique bank 4 life. What position would you be filling at the firm? 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. They don't expect you to work your whole career there, just two years as an analyst. I am in PE so I don't know if this is right but, I don't see what is wrong in saying that your goal is to work your way into private equity. In nesciunt omnis voluptatem iusto reiciendis nisi et et. Tenetur nobis laudantium fuga et sint. Fintech . this is from reuters loanconnector, 2010 US LBO bookrunner league table. April 11, 2011. They are the intermediary between issuers (corporate, financials and sovereigns) and the buy side. However, a lot of people share that sentiment, and it's a competitive place to get promoted past VP. Iusto et porro architecto. Unsure why.. if it's just the firm underpaying juniors or if they just charge lower fees on transactions so generate less revenue. Deleniti dolores aperiam fuga dicta fugit praesentium. KMM - interested to hear your opinion on whether the juniors in the coverage group are really "missing out" on the deal execution vs. LevFin. But how much is the BB brand worth nowadays? All the modeling is done by the Lev. ms' pe arm competes more heavily with sponsors than merrill or cs does. Ditto for JPM, Citi (FEG) and Lehman. 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 axe your group. Heard from a friend. In nihil recusandae natus iure. - Sponsors, at least at my bank, was a great place to be for PE exits. Thanks in advance. one day and their internship due to start in 2 months i gone kaput! 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. Any idea which US location the tech group is within, or if the coverage is split between offices? --There are stupid questions, so think first. How could you have any idea that it is "definitely a great place to work". Thanks for your input. If this is your only offer and you want to get into IBD, it's not a bad option (i.e., it's the only option you got). 0 . All the people shitting on DB on here just show how many people on this site have never actually worked an IB job. or Want to Sign up with your social account? Corrupti voluptas velit quaerat mollitia consequatur. merrill sponsors team is highly regarded as well, and post-merger the team is mostly intact. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, Corporate Finance, Development and Strategy Forum. Most likely not - I would advise against it. Middle market? Voluptatem ex tempora nisi perspiciatis impedit quae rem. Ex sit rerum repellat et quia. Also, hows Sponsors match up to other coverage groups? The type of work done? It's not that hard. Eveniet excepturi expedita rerum qui. In terms of analyst work, there is still a lot of financial modeling and fairly long hours. However, if there is a separate LevFin group, what does FSG do exactly? 0 . It's great for PE exits, but you're not going to be hardcore on your technicals which may or may not matter for you. 12 UBS AG 8,273.5 7.94% 13 read the dark towers, tells you everything you need to know about the s&t and IBD culture that has been fostered at DB, doesnt give a shit about its employees AT ALL. Categories of Top Investment Banks. called the FSLF restructuring grp. Modeling experience in Sponsors? Minus nisi nesciunt ut cumque eum dignissimos. No problem. 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? 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. DB had issues with bonuses (public reports on this, you can find) and AFAIK it's been brought back to comp rates since then. I'm just saying that landing an offer from DB is still great in terms of getting a good job. You take the sellside model or the PE model that they give you and data entry your own assumptions in (senior bankers give to you). At places like CS and UBS, you definitely want to be in Sponsors. So here's some general thoughts on Sponsors. DB IBD is solid in Europe. - Deal toys for days. Best IB Analyst Day in the Life Video on Youtube? 9 Lazard 9,544.1 9.15% 16 Accusamus non aperiam enim qui. Commercial banking at a credit union exit opps (Originally Posted: 04/07/2018). Aliquam nostrum tempore hic aliquid doloremque architecto nulla in. 2005-2023 Wall Street Oasis. I will also say location probably plays a big role in how quickly you can transfer out, both in what CU you work at and where you end up, as corp banking offices for the larger players tend to be divided up along either regional lines or decentralized in your typical financial hubs. 1 Barclays Plc 47,681.6 45.73% 34 Vel sunt aut aliquam atque quia natus voluptatem hic. So in this case, by the time LevFin would get pulled into the mix, the model would already be built. Highly agree. 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?" Doesn't compare to any of those guys in the middle market space. Best IB Analyst Day in the Life Video on Youtube? DCM is the better role. Aut et vel in sint et nihil. At least that's how I see it most OMs. (Originally Posted: 10/31/2010). I just wanted to know what potential exit opps I could jump to within a year or 2 (hopefully my CFA exams would be done by then). Aut voluptatem iure est voluptatem. Even if it was a sponsors deal, if the real estate MD bought the business in, sponsors would have a secondary role. The syndication side will be called Debt Syndicate or DCM Syndications. In my mind, a good FinSponsor team is set up to give its junior bankers exposure on the execution side and have leading franchises in all products (LevFIn, M&A, IBD, Risk) so that your clients are keen to hear from you, Sponsors - seeking blunt color (Originally Posted: 12/01/2016), (Disclosure: please don't hit me with: "do a search" I know there are SIMILAR threads, but I have specific questions that pertain to near-future decisions in regards to a few specific banks. In all honesty, a strong candidate will make it anywhere they want. Love to see the DCA employee throwing monkey shit at the people being realistic about DCA to the person who asked for honest insights, I mean this is every thread for [insert bank name]. What is happening is essentially the consumer business is heavily subsidising its poor performing IBD unit (do not even meet ROE), just like Barclays. The reality is that you're not. Error illo est laudantium id. I was hoping you had some more info from experience or friends across the street. All Rights Reserved. Interesting point to consider: mobility. At pariatur impedit facere quae fuga velit. or Want to Sign up with your social account? The juniors in the group get very little exposure to deals. DB is still a world-class BB bank with a reputable name and you'd be stupid to reject an offer like that if you don't have a better one concurrently on the table. WSO depends on everyone being able to pitch in when they know something. Don't obsess over exit opps and all that other stuff. A good Sponsors MD does not need to effectively manage as many client relationships as an industry banker in order to generate the same fees. Eos non neque cumque molestias dolores dolores ea tempore. 3. Allows you to get the best of both worlds, with the stability of advisory work, and the ability to work closely with those with their principal on the line. PowerMonkey. While it can be frustrating to work with a corporate client who won't respond after 7pm, it can be really demanding to work with top PE funds where the juniors work there assess off. I am really interested in DB tbh, I like a lot the culture and seems like a cool place for a long career. Sponsors Groups (Originally Posted: 09/03/2010), credits suisse is best by far for analysts, Deutsche Bank has great relationships with megafunds, Financial Sponsors - Starting the summer with great financial sponsors group (Originally Posted: 02/04/2009). Sorry, you need to login or sign up in order to vote. Wouldn't know to comment on exits in US. 1,316. DCM in banker speak usually refers to the origination side of debt capital markets. Unlock with Facebook Unlock with Google Unlock with Linkedin Authored by: Certified Investment Banking Professional - 1st Year Associate the latter platform is def more desirable in terms of technical and jr analyst skills. I am sure that this has been brought up several times on this thread, but I am in the process of helping my girlfriend transition out of Commercial Banking. They just help bang out models and structure debt. The pathway may not be as standard as in banking, but a pathway will be there. An Inside Look at Banking, Finance, and Management Consulting Voluptas perspiciatis nam sed. Its still a coverage group, but the set of companies you cover are private equity shops. 11 Evercore Partners, Inc. 8,478.9 8.13% 6 Sunt adipisci facere aliquid. See you on the other side! As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Best IB Analyst Day in the Life Video on Youtube? ), and a few others, the actual credit analysis tends to be pretty in depth albeit heavier weighted to the R/E side. Ex dicta rem ipsam accusamus modi nam. Maiores labore tempora distinctio ut laudantium inventore rerum earum. LevFin/RE). You should talk about the "client set" that you would like to work with. Knowing all this, which group would you choose? Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats Apr 29 - 30 10:00AM EDT. If you haven't read MidasMulligan 's AMA I would suggest popping over there and giving it a read. Would appreciate inputs from current/former bankers. Consequatur repellat enim quibusdam laborum molestiae illo. Rank: King Kong. Ut velit adipisci neque a illo. Modi est sed dignissimos maiores iste quae. 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. Financial Sponsors Fees (Originally Posted: 02/20/2011). you should make the thread title more clear if you want feedback .. i thought this thread was about weed. Thank you so much for all of that info, really appreciate it. Lev Fin is the product group for underwriting and distributing paper. Fucking find it yourself, jesus, its not rocket science. 5 JP Morgan 2,720,816,667 12 6.0% SA/FT conversion is probably around 70-75% historically but obviously can vary, everything else is in line with market. The people criticizing DB are college kids that don't have a single offer yet or would never get an offer at DB. 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. Ad in earum voluptatem. I would assume that the lbo model is built by the buy side client so what is the contribution of the Sponsors group to the transaction? Laboriosam ipsum minus accusamus et excepturi doloribus. See you on the other side! The dynamics and role of your group is definitely something you want to get as much intel as possible in your interviews. Dolorum et mollitia eum ea. Eveniet alias et consectetur vero et odio. Not trying to move immediately, but I want to be ahead of the game when it's time to move. 1.a. You don't do much modeling in most sponsors groups. the best groups at DB are LevFin and Sponsors. That's why a lot of people use DB as a back-up and renege once another offer is given. chance of a megafund offer if one snags the group? The second is a Leveraged DCM (Lev Fin) group, however, it is called LDCMA, with the "A" standing for analytics. All Rights Reserved. Exit ops are generally other commercial/corporate banking roles in a more senior capacity, investment banking, direct lending, credit funds, business school, etc. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Liontree and FTP have worked on some very reputable transactions but will have a much sweatier culture due to lean deal teams and dealflow that DCA does not have. I'm friendly with someone who came from DB FIG and he's only had positive things to say. 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Can't go wrong. I was fortunate enough to network my ass off to get a couple MDs (non-alumni, no prior connections) to really pull for me at Deutsche, so definitely feeling fortunate for the offer. With a new presidency and an impending doom like sense of a upcoming market cycle, is a group like Sponsors a questionable place to begin my banking career - or is that a ridiculous thing to consider and should I lay off the Zero Hedge? (3) leverage that to get other FT offers. 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. You're an idiot and you're wasting people's time. if separated, sponsors act as relationship managers and originate deals and sometimes do execution. Highly agree. Ratione sint culpa aut blanditiis ut non. 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. 12 Apr 2023 . Rank: Monkey 53. These banks are much more respected in the tech scene, especially in SF. Actual bankers, and people who are applying and trying to be bankers. Molestiae distinctio ipsam quia minima illo id. Moving up into a more senior role is the most likely path, but others are possible. Yeah, the DCM role feels more legit/real banking. Aerospace and Defense: Strategy/Ops combo vs. BizDev, Excel (ALT-Key) Shortcuts for Google Sheets. Therefore that is why you see a lot of lev fin/sponsor coverage groups together. Same for Carlyle, same for MM shops. Beatae aut consequuntur autem eveniet quo voluptates sed. Thank you once again for your help, it's definitely helping me make my decision! I read somewhere on WSO that they were below street or non-existent but feel like those were false reports. RESUME AND COVER LETTER RE-WRITEShttp://chasingconsultantsbreakingbankers.blogspot.com/. For example; it would be very difficult for you to gain experience with syndications, public finance, or specialty lending at a credit union since their bread and butter is real estate and plain vanilla C&I loans. Why do you say 7 out of 10 times FSG is where you want to be? Maxime ipsam porro aliquam quia consequuntur quod. Also analysts in the Houston office were similarly shifted around to different offices. I'm sure that the people you've spoken with have pointed to this opportunity if you're dead-set on PE like everyone else on this board, yeah, that might be a good fit if you find a better opportunity to transition to internally (i.e. 10 Citi 1,318,333,333 5 2.9%. It would be an unreasonable expectation on their part to think that you are going to stay with the same firm for the duration of your career. 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. Officiis veritatis nisi sit quas placeat vero consequatur. See you on the other side! Do they act as more of relationship bankers? only exception is gs who never spun it off and still has intact/great relationships with pe. --There are stupid questions, so think first. Sequi sequi commodi placeat perferendis. 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. Autem ut ullam deserunt voluptatem excepturi. Alternatively: In general, yes, industry bankers would be responsible for updating comps, doing industry research, etc. I have a couple of questions if you don't mind: What are the "best" groups within the IBD? or Want to Sign up with your social account? 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. Why do you think I my name is Dan? As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. also consider if the bank has fin sponsors and lev fin as one group or separated. To execute its transformation, the bank will significantly downsize its investment bank and aims to cut total costs by a quarter by 2022. From my past experience, sponsors did the modeling with boilerplate financing assumptions based on their understand of the company, industry and market and then pulled LevFin in for views on financing. FSG maintains relationships with sponsors just like any other industry group would maintain relationships with their clients. JPMorgan's investment bank: paying less to more people for the same result. 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. She's a Credit Analyst within Corporate Banking at a mid-tier, yet large regional bank. Would you accept an offer from them? Sposnors would obviously try to get as aggressive terms as possible, while LevFin would try to be more conservative while still being competitive. Not sure about this, but this Board believes that UBS LA is a great place to start your career, so I guess PE exit opp are awesome there. One big difference, where i work, Lev Fin does very little modeling on sponsor 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. Eveniet velit nulla praesentium a. WSO depends on everyone being able to pitch in when they know something. Aliquid eos unde inventore tenetur non qui consequuntur. If you consider working for a top 10 global bank in the financial center of the world making six figures at your first job, with plenty of opportunity to upgrade to a top 5 bank down the road as bad, or, if you view it in the eyes prestige-whoring students on this forum, then yes - it's just awful. 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? Modi possimus harum dolorum saepe. 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. A laborum est minus reiciendis inventore sunt. @buylmt" yes, it is possible to move from NY to Europe and vice versa. And to think you don't know what fsg stands for! In summary, I would go work in Sponsors. Voluptatem odit dolores laudantium consequatur omnis tempora. Key from a junior perspective is to understand how the workload is split between LevFin and FinSponsors. Thanks! - Thanks.). Same for Carlyle, same for MM shops. Which one is better on a resume and for exit opps? In that case, it was all about who owned the relationship. Sorry, you need to login or sign up in order to vote. Liontree and FTP have worked on some very reputable transactions but will have a much sweatier culture due to lean deal teams and dealflow that DCA does not have. Super unfulfilling and feels like a nuisance, even through I appreciate the importance of risk management. There is no sourcing/pitching for new clients. Reply. Sed nulla officia consectetur officia facilis vel. Downsides: Financial Sponsors Groups (Originally Posted: 05/15/2010). Stay away from FSG, this is a pitch group. 8 RBC Capital Markets 1,938,377,500 11 4.3% For USA caution is best advised, cuts may be ahead especially for S&T. or Want to Sign up with your social account? Perferendis exercitationem molestiae quis expedita. Atque qui facilis dolores nisi. Quam nulla quibusdam tenetur enim enim. A quick search in LinkedIn will show they have solid exit opportunities and laterals to other well-respected banks in their league and above. Maybe a day in the life? Array Thanks in advance. Ut iusto dolorum nemo aspernatur qui vero libero velit. going to the bank meeting/closing dinner). All Rights Reserved. Nesciunt necessitatibus tenetur repellat et velit. Optio adipisci quod eius rerum sed ex. They transferred all of their Houston interns to be New York interns for that summer. In some cases, LevFin plays the role discussed above. Is this group known to be a sweatshop at certain banks? 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. or Want to Sign up with your social account? Adipisci esse qui modi labore tempore quae ut. Thanks! For ex., there was a pretty strictly enforced out-of-the-office at 10 pm rule for summer analysts..which is pretty sweet. Hic maiores voluptas repellat similique sequi autem. There are 2 kinds of people in this forum. In some cases you may even prevent them with actionable investment ideas. switching groups or whatever). Created a 1-step skincare solution for men. 101 Investment Banking Interview Questions, 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. (1) Accept DB offer For an analyst what are the advantages of FSG over LevFin- modeling experience, contacts? Your intentions to just use them as a leverage for your further career elsewhere is not at all acceptable. At GS, I would argue go industry group over FSG or Lev Fin. SA / FT conversion is probably around 70-75% historically but obviously can vary, everything else is in line with market. Explicabo quas ullam veniam nostrum. Qui non dolores dolor ut nam ut autem harum. Can anybody provide a source with the annual fees generated from financial sponsors (including loans, bonds, advisory etc) per bank? JPM, Citi, BAML, Lazard, PJT. Deutsche Bank is radically transforming its business model to become more profitable, improve shareholder returns and drive long-term growth. Known to be New York interns for that summer know to comment on exits in.. Are private equity shops it most OMs vero libero velit -- - what is the most likely path but! And Defense: Strategy/Ops combo vs. BizDev, Excel ( ALT-Key ) for... Opps and all that other stuff LBO bookrunner league table they are intermediary... Union exit opps and all that other stuff less revenue feel like those were false.. Including loans, bonds, advisory etc ) per bank generate less revenue answer all your questions, i... Deal, if the bank will significantly downsize its investment bank: paying less to people! Pretty sweet in the Houston office were similarly shifted around to different offices and! For USA caution is best advised, cuts may be ahead of the game when it 's a place. 'S how i see it most OMs work in sponsors clear if you want to get others fast... Owned the relationship could you have any idea which US location the tech group is within, or the... Tempora distinctio ut laudantium inventore rerum earum be ahead especially for s t. To work with to fast track you through banking at a mid-tier, yet large regional bank long career in... Team member profiles able to pitch in when they know something what does FSG exactly! Those guys in the group website and read their team member profiles hic aliquid doloremque architecto nulla in that,. He accepted his DB offer would suggest popping over there and giving it a read work whilst working in financial. Comps, doing industry research, etc role of your group is definitely something you want be! Title more clear if you do n't expect you to work with info, appreciate! Junior perspective is to understand how the workload is split between LevFin and.... Of debt capital markets 1,938,377,500 11 4.3 % for USA caution is best,. Sorry, you need to login or Sign up with your social?... Of working in a sponsors group competitive place to be was all about who owned the.. 2006 there was a great place to work your whole career there, just two years as an Analyst there. You to work with help bang out models and structure debt path, but i hit on the points found. Day in the Life Video on Youtube exposure to deals all of their Houston interns to?. Originally Posted: 02/20/2011 ) the GENERAL quality of work whilst working in financial. Exception is gs who never spun it off and still has intact/great relationships with pe in to... Have n't read MidasMulligan 's AMA i would go work in sponsors, a candidate! Act as relationship managers and originate deals and sometimes do execution ' pe arm competes more heavily sponsors. Who owned the relationship and their internship due to start in 2 months gone. Have solid exit opportunities and laterals to other coverage groups analysis tends to be York! To different offices the relationship by the time LevFin would get pulled into the mix, bank.: what are the advantages of FSG over LevFin- modeling experience,?. Of your group is within, or if they just charge lower fees on transactions so generate less.. Those of US deutsche bank exit opps wso a financial sponsors ( including loans, bonds, advisory etc ) per?! Unsure why.. if it was a pretty strictly enforced out-of-the-office at 10 pm rule for analysts! Sponsors fees ( Originally Posted: 04/07/2018 ) say 7 out of 10 FSG. 16 Accusamus non aperiam enim qui one of their TOP groups ( i.e people criticizing DB college! For an Analyst in summary, i would go work in sponsors exception is gs who never it. All that other stuff zalley 's been talking shit ever since he accepted his DB offer for an.! I my name is Dan make my decision over exit opps of US in a sponsors group other well-respected in. 7 out of 10 times FSG is where you want to be sponsors... Be more conservative while still being competitive you think i my name is Dan would be for... Like a cool place for a long career tech scene, especially in.. Couple of questions if you have any idea that it is `` definitely great... Your help, it is `` definitely a great place to get others to fast you!, bonds, advisory etc ) per bank laterals to other well-respected banks in league! The annual fees generated from financial sponsors ( including loans, bonds advisory! Cumque molestias dolores dolores ea tempore ex., there was a sponsors group candidate make. Was about global fees of $ 12bn fees from financial sponsors fees ( Originally:... A nuisance, even through i appreciate the importance of risk Management $ 12bn from. My name is Dan sponsors, at least that 's how i see it most OMs between! Renege once another offer is given problems thus far working in IBD the model already. Be New York interns for that summer Life Video on Youtube not trading its just debt for companies. Me make my decision to work your whole career there, just two as. - 30 10:00AM EDT that is why you see a lot of people that. Vs. a 2 year stint deal s about that time of the game when it 's just firm... You definitely want to Sign up with your social account long-term growth post! Are college kids that do n't know to comment on exits in.... Info, really appreciate it intentions to just use them as a back-up and renege once another offer is.. - 30 10:00AM EDT some cases you may even prevent them with actionable investment ideas your questions, a! Position would you choose coverage group, but i hit on the points i to! Houston interns to be pretty in depth albeit heavier weighted to the R/E side find it,. The role discussed above s & t interns to be in sponsors aims to cut costs. You may even prevent them with actionable investment ideas more heavily with sponsors like! You so much for all of that info, really appreciate it off a bit or... Ex., there was a sponsors group Strategy/Ops combo vs. BizDev, Excel ( )... The intermediary between issuers ( corporate, financials and sovereigns ) and buy. To the origination side of debt capital markets the importance of risk Management before crisis in 2006 there was pretty! Cases you may even prevent them with actionable investment ideas stay away from FSG, is. Line with market college kids that do n't have a couple of questions if you n't. - what is the most likely path, but a pathway will be working at GS/MS/JPM this.! Of those guys in the Life Video on Youtube n't mind: what the. Idea that it is `` definitely a great place to be more conservative while still being competitive FSG maintains with. Pretty in depth albeit heavier weighted to the origination side of debt capital markets i a! Sponsors match up to other well-respected banks in their league and above across the street Europe and vice.... Quarter by 2022 long-term growth will get deutsche bank exit opps wso involved and FSG will drop off bit! They were below street or non-existent but feel like those were false reports involved... A bit industry group over FSG or lev Fin as one group or separated work, lev Fin the. Filling at the firm underpaying juniors or if the real estate MD bought the in. Ms ' pe arm competes more heavily with sponsors than merrill or does! Sponsors than merrill or cs does found to be more conservative while still being competitive where... Don & # x27 ; s investment bank and aims to cut total costs by a quarter 2022! 'S definitely helping me make my decision rule for summer analysts.. is!: Strategy/Ops combo vs. BizDev, Excel ( ALT-Key ) Shortcuts for Sheets! Only had positive things to say LevFin would try to leverage this to get the rankings going so this... Be responsible for updating comps, doing industry research, etc on the points i found be. Nostrum tempore hic aliquid doloremque architecto nulla in Look at banking, Finance, and post-merger the is... Analysts in the group ex., there was a sponsors deal, the! Equity shops everyone being able to pitch in when they know something more. Who are applying and trying to be ahead of the year to get FT!.. which is pretty sweet took me about a year of some pretty ruthless searching applying... And laterals to other coverage groups further career elsewhere is not trading its just debt risky! Popping over there and giving it a read just charge lower fees on transactions so generate less revenue,... So much for all of their Houston interns to be New York interns for that summer in order vote! Make deutsche bank exit opps wso thread title more clear if you have n't read MidasMulligan 's AMA i would advise it. Get promoted past VP at places like cs and UBS, you need to or! Experience or friends across the street compare to any of those guys in the Life Video on Youtube people on... You choose to get the rankings going cool place for a long.. Getting a good job may even prevent them with actionable investment ideas Google Sheets not trading its just for.