Comments on: The Financial Institutions Group (FIG): Specialization Superhighway or Dreary Dungeon? https://mergersandinquisitions.com/financial-institutions-group/ Discover How to Get Into Investment Banking Wed, 02 Aug 2023 23:24:34 +0000 hourly 1 https://wordpress.org/?v=6.2.2 By: M&I - Brian https://mergersandinquisitions.com/financial-institutions-group/#comment-808169 Thu, 20 Jul 2023 18:38:28 +0000 https://www.mergersandinquisitions.com/?p=32956#comment-808169 In reply to Alice.

No idea really. I assume it is just a bit of the overall Goldman Sachs prestige spilling over into other industries. I’m not sure I would say that Goldman FIG is a “top group” compared to some others… since you will have more specialized/limited exits from any FIG team no matter what you do.

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By: Alice https://mergersandinquisitions.com/financial-institutions-group/#comment-808148 Tue, 18 Jul 2023 17:14:35 +0000 https://www.mergersandinquisitions.com/?p=32956#comment-808148 Why is Goldman FIG revered as a top group on the street when MS/JPM have similar deal flow and aren’t close in terms of exits/prestige/reputation?

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By: M&I - Brian https://mergersandinquisitions.com/financial-institutions-group/#comment-804273 Wed, 07 Jun 2023 00:09:40 +0000 https://www.mergersandinquisitions.com/?p=32956#comment-804273 In reply to Sean.

From 2013 through 2022, you’ve sent us about 20 separate emails via the BIWS help desk / contact form, purchased multiple products, and in each case, requested a refund. So, my question to you is: Why bother?

If you’ve already tried the BIWS courses and found they are not for you for whatever reason, why would you keep purchasing them? It’s just going to result in you not being satisfied, requesting another refund, and then sending us more questions.

I think you should find a course or training method that better fits your preferred learning style or find something closer to your current career.

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By: Sean https://mergersandinquisitions.com/financial-institutions-group/#comment-804221 Sat, 03 Jun 2023 20:21:24 +0000 https://www.mergersandinquisitions.com/?p=32956#comment-804221 Can I learn the FIG valuation courses if I am working under FIG Credit Risk?

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By: M&I - Brian https://mergersandinquisitions.com/financial-institutions-group/#comment-733723 Tue, 01 Mar 2022 15:27:44 +0000 https://www.mergersandinquisitions.com/?p=32956#comment-733723 In reply to Kaka.

It’s always difficult to move from the back office to a front office IB role no matter what you do. The CFA will provide a marginal boost, but much less of a boost than relevant deal experience or something like a top MBA program.

Your basic options are: 1) Network around internally and push for this transfer at your current firm. 2) Leave your firm and find a more relevant role elsewhere, such as at an independent valuation firm, Big 4 firm, corporate bank, or something similar, and then move into IB from there. 3) Complete a Master’s or MBA degree at a top program and use that to get in.

I would probably go with option #2 here, and if you don’t gain much traction applying for these other roles that are closer to deal/front office experience, consider another degree (type/timing depends on your years of work experience pre-degree).

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By: Kaka https://mergersandinquisitions.com/financial-institutions-group/#comment-733598 Tue, 22 Feb 2022 23:25:48 +0000 https://www.mergersandinquisitions.com/?p=32956#comment-733598 Hi Brian,
Thanks for your article! I am doing fund accounting in one BB back office currently, and I passed CFA. How do you assess the possibility of transferring from back office to FIG? And could you please suggest what else I can do to improve my competitiveness? Thanks very much

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By: M&I - Brian https://mergersandinquisitions.com/financial-institutions-group/#comment-732305 Thu, 18 Nov 2021 14:14:55 +0000 https://www.mergersandinquisitions.com/?p=32956#comment-732305 In reply to Biu.

Sure, but I think AM would be a lot harder to get into than WM due to the small industry size and lower turnover. We don’t normally list WM as an “exit opportunity” because the assumption is that it’s easier and less competitive to get into than IB… so if you can get into banking, wealth management should be an easier option.

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By: Biu https://mergersandinquisitions.com/financial-institutions-group/#comment-732304 Thu, 18 Nov 2021 06:06:46 +0000 https://www.mergersandinquisitions.com/?p=32956#comment-732304 Can FIG banker eventually go into asset management/wealth management in 2nd stock market? I discover my interest in AM after 5 years in investment banking…

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