Lateral question. Coverage gets you the relationships and the sector story, product gets you the rep and the transaction count. For megafund/UMM recruiting in the current market, which one is the cleaner path? Or does it all wash out at the headhunter stage?
Product (M&A/LevFin) for the cleaner buyside story. Coverage if you want to eventually go corp dev or strategy in that sector.
It washes out more than people admit. Strong deal experience beats the coverage/product label every time at the HH stage.
Pitch books, protected weekends that aren’t, and exit-opp math. Say what the desk is thinking but won’t put in an email.
＋ New threadMarkets, deals, and the group chat — for people who read the footnotes.