I would almost certainly take tech coverage unless you are very, very interested in financial sponsors and are certain you want to work at one (as opposed to the broader set of exits tech coverage would give you).

Good question. I would still probably favor the BAML offer in this case because if you work there, you could probably be competitive for bigger/better PE funds after. But if you join a MM or LMM PE fund right out of undergrad, you don’t get the same network/brand that BAML offers, and it might be about the same or more difficult to join a larger PE fund.

Feel free to leave a comment on the BIWS site or email us there if you want a more detailed response. I read and respond to comments on this site when I can, but they are not checked that often.

In general, FSG interviews are not that different from any other type of interview. Maybe read up on 1-2 recent deals in the sector and be prepared to discuss them, and look at some of the links in this article that discuss metrics like TVPI, DPI, etc. I would not go all out because FSG is not super-specialized vs. other sectors.

How should I prepare for BB FSG technical interviews? I have the BIWS Financial Modeling course pack – are there modules that I should focus on in particular?

Thank you.

I’m not sure there is a huge difference, but at a firm like DB, most people would probably recommend LevFin because DB tends to be strongest in the capital markets.

Quick question: I’ve received a summer offer for Deutsche Bank (NYC), and I’m debating whether I should pursue LevFin or Sponsors based on likelihood to secure a return offer, experience/deal exposure, and exit opps. Any thoughts?

Yes, it’s usually better to work for 6-12 months before you start networking for other roles because you want enough experience to speak to in interviews. It might also be tough to explain your motivation. If you have at least 2-3 solid clients/experiences to speak to after 6 months, you can do it then. Otherwise wait until you do.

Thanks for the great information. I’ve been working at credit rating agency for their structured finance team (first job out of college for 3 months so far, and I’m trying to move to investment banks for Financial Sponsor or Lev Finance. Do you think it would be better if I reach out to bankers after working for 6 months or a year than reaching out now? When would be the best time to reach out to bankers and apply for position between 6 months and a year? Thank you.