you learn a lot of the skills from both coverage and execution side
you get to explore what groups / industries really interest you
you are pretty flexible when moving into PE if you are interested in a specialty shop
The variety also does a good job of keeping you sane
Disadvantages
you dont get as specific experience obviously
politics is difficult as an analyst because you have several parties to please and often they are divided beyond the 1st year associate stage
IF you do really love a product / industry - you won't get maximum exposure
To be honest the groups that do employ generalist strategies tend to have 5 or so verticals max and often you end up spending a lot of your time in one of them as senior guys start asking for you on deal teams. I enjoyed a generalist summer, chose what I really liked and went to a more structured full time process.
you learn a lot of the skills from both coverage and execution side
you get to explore what groups / industries really interest you
you are pretty flexible when moving into PE if you are interested in a specialty shop
The variety also does a good job of keeping you sane
Disadvantages
you dont get as specific experience obviously
politics is difficult as an analyst because you have several parties to please and often they are divided beyond the 1st year associate stage
IF you do really love a product / industry - you won't get maximum exposure
To be honest the groups that do employ generalist strategies tend to have 5 or so verticals max and often you end up spending a lot of your time in one of them as senior guys start asking for you on deal teams. I enjoyed a generalist summer, chose what I really liked and went to a more structured full time process.
Thanks that was very useful.
If I can pick your brain a bit more, can you expand on the "politics" part and what you mean by "divided beyond the first associate stage"?
Also, what do you mean by "vertical max"? As far as I understand it, generalist offices do not tend to cover many industries (maybe 2-3 I am guessing). So are you saying that even though it is a generalist office, you will be stuck working in the same industry group because the senior guys will ask for you over and over?
are very strong as well. Think of CS/UBS LA, Greenhill, Gleacher. They are very strong banks. However, you won't see generalist here in NYC since analyst classes are too large and it would be a nightmare to manage staffing. I'm not sure whether any other regional BB offices have generalist pool.
are very strong as well. Think of CS/UBS LA, Greenhill, Gleacher. They are very strong banks. However, you won't see generalist here in NYC since analyst classes are too large and it would be a nightmare to manage staffing. I'm not sure whether any other regional BB offices have generalist pool.
Why do banks employ generalist offices? It appears to me, but I don't know this very well, that it would create a "lack of expertise" in an area and product over 2 years because you are constantly working on different things.
you're correct that you're not an expert at anything. My guess would be it's good for new analyst that's not sure about what industries/product groups they're interests lie in. It just a matter of breath vs. depth
Eos necessitatibus saepe quis aspernatur qui rerum earum. Minima ut laudantium id esse in dignissimos.
Nihil sequi repellendus enim corrupti omnis. Maxime doloremque qui architecto natus qui ea non.
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To be honest the groups that do employ generalist strategies tend to have 5 or so verticals max and often you end up spending a lot of your time in one of them as senior guys start asking for you on deal teams. I enjoyed a generalist summer, chose what I really liked and went to a more structured full time process.
Thanks that was very useful.
If I can pick your brain a bit more, can you expand on the "politics" part and what you mean by "divided beyond the first associate stage"?
Also, what do you mean by "vertical max"? As far as I understand it, generalist offices do not tend to cover many industries (maybe 2-3 I am guessing). So are you saying that even though it is a generalist office, you will be stuck working in the same industry group because the senior guys will ask for you over and over?
are very strong as well. Think of CS/UBS LA, Greenhill, Gleacher. They are very strong banks. However, you won't see generalist here in NYC since analyst classes are too large and it would be a nightmare to manage staffing. I'm not sure whether any other regional BB offices have generalist pool.
Why do banks employ generalist offices? It appears to me, but I don't know this very well, that it would create a "lack of expertise" in an area and product over 2 years because you are constantly working on different things.
you're correct that you're not an expert at anything. My guess would be it's good for new analyst that's not sure about what industries/product groups they're interests lie in. It just a matter of breath vs. depth
anyone else?
Eos necessitatibus saepe quis aspernatur qui rerum earum. Minima ut laudantium id esse in dignissimos.
Nihil sequi repellendus enim corrupti omnis. Maxime doloremque qui architecto natus qui ea non.
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