The most important one is spending time with God, studying and reading the Theyre potentially good options, but less good than BB, EB, and MM banks for the most part. Hey Brian, Was curious to get your take on Guggenheim HC and if their rep/pedigree has risen a lot over the last couple years. All offers arent group specific and I wanna go into PE long term. But I think youre probably splitting hairs a bit since there isnt necessarily a huge difference. Oppenheimer M&A (NY) vs UBS generalist (NY). JP Morgan IB Generalist (London) vs Morgan Stanley IB Generalist (London). Thanks these are for internships so if I were to not consider the impact of the virus would you still go with JPM media? Evercore or Raine might be better if you wanted to stay in IB for the long term. Your best bets are M&T or Consumer/Retail because, as always, FIG is very specialized and will limit your exit opportunities. Research and recommend environmentally-related financial products, such as energy futures, water rights, carbon credits, government environmental funds, and cleantech industry funds and company stocks. I am not sure if going from S&T to HF is possible, if yes, then im more interested in S&T than IBD cuz I like secondary markets more.
Either one would work well for exit opportunities, but you might have a slight advantage at MS because of the brand name. In the US, I would probably pick Jefferies because Rothschild is not exactly an elite boutique there. Also, the concept of rankings is now a bit blurry because it is not always clear how elite boutiques and bulge brackets stack up, and some BB banks (the U.S.-based ones) are stronger than others (the European ones). Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs. Would like to move to HF/PE eventually, but dont know if Ill block myself from PE now if I take a HF/Mutual Fund gig now. If you want to do S&T, take the Santander Trading offer. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Depends on your goals / planned exit opportunities, but if you want the standard PE/HF exits, the tier 3 BB is still better. JPM may be slightly better, but theres almost no difference, so you should probably pick based on the people you know or have met at each firm. you enter into true worship life. Wells Fargo invites you to apply to attend unique leadership forums that will introduce you to the opportunities and culture of Wells Fargos Corporate & Investment Banking (CIB) division. Moelis NY, MS Generalist, or Bank of America Lev Fin NY. I would assume its nearly impossible to swtich from S&T to IB once youre in the field? 26 on Fortune Magazine's 2018 rankings of Americas largest corporations. I would probably go with PJ Solomon here because its bigger and better-known, and Im not sure the retail focus of Financo is great at the moment with the state of the retail industry. You are going to burn bridges no matter what you do. Yes, return offers are arguably harder to win there, but that probably applies more to IB than every division at the bank. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements. And is Guggenheim considered an EB? Your email address will not be published. GS Chicago-Industrials IB chic vs CS IB TMT nyc, I am attracted towards GS name and group but feel like nyc is better for exits. Based on 130 job boards, duplications excluded, Premier Banker (SAFE) - Peninsula District, Premier Banker Treasure Coast South District, Premier Banker 2 (SAFE) - Tech Gateway District, 6+ months of work experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education. I did get the GS offer and it all makes sense. I think theyre both solid options, but RBC is stronger in Europe. But if you have a great senior contact at PJT who can ensure that you get solid experience, PJT might win out even if you dont want to work on restructuring/distressed deals long term. I would say Evercore is probably the best in terms of brand name and because M&A is not specialized and works across industries, which means lower risk going into a recession. Id say Rothschild is definitely stronger than Barclays in London (not true in other regions), so thats an easy one.
Both based in London. Theyre better if you want to stay in healthcare IB for the long term and not as good if you want to move into a traditional PE/HF exit opportunity. What do Banks mean when they look for experienced analysts? Im exhausted typing out all those decisions above, so Ill stop here. Hi, I was wondering if you could please help me decide between two internship offers. Hi Brian, Have summer analysts offers at both Greenhill (Generalist, London) and Credit Suisse (FSG & LevFin or TMT, London). the Bible, By QingxinThe Bible says, Draw near to God, and He will draw near to you (James 4:8). I made it to the superday but I was completely outclassed by the other 11 people there. We'll be sending you new jobs as they are posted. I would pick BAML Chicago unless you really want to be on the west coast. one. I appreciate all the advice youve given in the comments. Obviously one is in-hand so that may make the decision for me, but if I had both, would you go with CS? What coverage groups at Well Fargo have the highest deal flow? HI Brian, Have 2 generalist offers from Jefferies NYC and Rothschild NYC for SA. But if youre OK with that, GS and NY are better on a name and location basis. That is a tough one, but if these offers are in NY, I would probably lean toward Citi because U.S.-based banks have performed better than European ones overall and still tend to give better access to exit opportunities. People say that Wells Fargos strength lies in its Balance Sheet, and thats true, but it also has solid industry coverage groups, including the Industrials team. Looking for best exits (regardless of industry focus/location). For a summer internship in London, would you recommend UBS S&T or Barclays S&T? Charlotte isnt an ideal location, but you should still be able to recruit for East Coast-based buy-side roles. CLT is better in a sense because its the base at WF, but NY/SF is better if youre more focused on exits to those places. BAML Chicago (Industrials) vs Goldman Sachs LA (West Region Advisory)- deals with clients outside of tmt (slightly mid-market focused). Thanks! Honest With God, Devotional Life: 3 Ways to Get a Fresh Qatalyst (SF) vs Morgan Stanley Tech (Menlo Park) vs Raine (NY). Thanks Brian! Hi Brian, Im an incoming summer analyst at UBS going through the placement process. I had signed BAML Corp Banking SA offer (Coverage) in December and I recently got a SA offer from Lazard (M&A). However, Ill find out the decision right before my WF offer expires, so Id like to figure out which one Id go for if I had both options ahead of time. I know you focus more on banking-expertise, but what would be the smarter move here? Do you know the conversion rate for DB from a spring to a summer? If you join an O&G group in Houston, it will be very difficult to win non-energy exit opportunities. Which one would you think is a more logical choice? 2022 bibleapppourlesenfants.com All rights reserved. Does that mean you think of HLHZ as more of a MM firm than a lower elite boutique? The NY-based opportunities are definitely better for PE, but I dont know if theres a huge difference reputation-wise between those 3. These are really completely different offers that set you up for very different career paths. I would probably pick CS IB if its CS IB vs. GS ECM or DCM. These days, probably ~80% of students are better off picking IB unless they are interested in something very specific within S&T. Most people who end up at the PE mega-funds in NY are working at banks in NY. Thanks. Hello Brian, I hope you are well. I dont know, theyre all about the same, but PJT and Lazard are probably slightly better than BAML in London. CS NY vs Vista Equity Partners Texas If I want to be in tech VC or corporate development, which option do you think would help best going forward? FIG is specialized and will make it difficult to move into other groups afterward, so unless you really want to specialize in FIG, the MS Tech offer is better. I have no idea what I want long term. BAML London (M&A) vs Citi Houston (energy). You could even make the case that a top industry or M&A group at a middle market bank or In-Between-a-Bank is better than, say, a capital markets group at a weaker bulge bracket bank. I dont actually know what location Capital One would be at since I havent had my final round yet. Hi, Brian!
Hello Brian and Nicole, Im a sophomore at a top 3 state school and I recently got an internship offer at BAML for the upcoming summer and I have my placement day next April.
So, I would give the edge to Wells Fargo unless youre 100% set on natural resource-related roles in the future. Moelis or Barclays are probably best unless you want to specialize in infrastructure. Sadly, the Barclays offer will expire before I can make it to the superday this weekend (as accelerated as they could make it). I suppose the key is to get the return offer at GS after the summer otherwise it would be a challenging position. But, assuming: (i) this is an MBA internship and I will graduate from a top b-school; (ii) I want to stay in the US from the long-term (finance industry but not necessarily in IB); (iii) I like people at both teams; (iv) MS has a leaner team (more responsibilities and client exposure as an associate) and CS has a bigger team and more senior bankers to learn from; (v) MS does more cross-border and advises buyside (PE) whereas CS is more wealthy families-oriented (and I like the former better).
Is the prestige differential such that it would be worth dismissing the security of a full-time offer at BNP to try and secure a full-time at GS via the internship? I received it very early, and it would not be responsible if I just accepted it without at least speaking to a few other banks. Thanks for visiting! Which one would you pick between Moelis and Lazard (both mixture of restructuring and M&A) and JP Morgan M&A. In his spare time, he enjoys memorizing obscure Excel functions, editing resumes, obsessing over TV shows, traveling like a drug dealer, and defeating Sauron. Thank you Brian! I would probably stick with BAML because it is notoriously difficult to move from one bank to another during/after your summer internship. Evercore might be marginally better for PE, while Citi is better if you might want to do something outside of finance. Leveraged Finance is definitely better if you want to get into PE eventually (or most other exits), but corporate banking can be a good steppingstone role if you want to get into IB or maybe some type of buy-side lending role. By agreeing to submit your resume, you consent (in accordance with our Terms of Use and Privacy Policy) to: Should you have any questions or wish have your information removed from our service, please contact us here. While SF has fewer total opportunities than NY, there are tons of tech-focused funds and other tech opportunities there that match up perfectly with TMT experience. If you want to stay in IB, one of the boutiques might be better. In no particular order, you should think about these factors when making a decision: You should pick your offer based on the bank/group with the best reputation, deal flow, and people that best positions you for your long-term goals. Purchase investments for companies in accordance with company policy. Also, could you give your opinion on HLHZ Chicago compared to mid-BB NY in terms of PE/business school placement? Would be glad if you could help. I would say theyre about the same, but HLHZ TMT may be a bit better because youre at least working in investment banking in that case, and that at least gives you opportunities that you would not get via ER (assuming you do not end up transferring to a larger bank). Tough one, but I would probably go with RBC if your main concern is winning a FT offer just because the DB situation is currently unstable/unclear whats going to happen next. RBC LevFin (NYC) vs. Wells Fargo Generalist (?) Which one should I choose? Now considering several opportunities for this summer. mothers ear, and the young mothers face flushed with happiness.This young mothers The hiring manager of Lazard informed me that they do not give full time offers to their summer interns (it is one of Lazards regional offices). We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Samwell Tarly surely needed something like this before his internship. I would still pick DB if your main concern is future opportunities. I for one am still on the border of both a Markets job and an IBD job out of college, if that helps any bit. I know PE recruiting post MBA is very tough, but I may try to pave a way there too eventually. As you begin your journey, we ask that you do the following: All students served by UCS have existing Handshake accounts which can be accessed by logging in with your ONYEN; please do not attempt to create a new account. What would you advise? Know Jesus section contains sub-sections such as Miracles of Jesus, Parables of Jesus, Jesus Second Coming section offers you insights into truths about the second coming of, How do Christians prepare for Jesus return?
I also applied for roles in Investment Banking as I would like to do this in the long term. Hi Brian, How should I decide between JPM (NYC) and Centerview (NYC)? Your information will not be shared. This website and our partners set cookies on your computer to improve our site and the ads you see. Blackstone if youre 100% certain you want to do private credit or stay in a similar buy-side role for the long term. Wells Fargo Corporate & Investment Banking: 2022 Women on Wall Street Forum. At least if you take the BAML corporate banking offer, you have a reasonable chance of winning a return offer there, and then you can make a lateral move to IB more easily. It has offices in 42 countries to support its customers who conduct global business. Any BB or EB FT offer is worth accepting over a GS SA offer since they are roughly the same level (yes, OK, you can argue that GS/MS/JPM are ahead of the others, etc., but theyre still not that much different). Appointments areconducted in-person or virtually, on Handshake. Finally, it seems like fewer students are deciding between offers in very different locations, such as Hong Kong vs. New York vs. London. I would just pick the industry youre most interested in because deal activity will be similar in all of them. NY is better than Chicago in terms of other finance opportunities, but the specialization offsets that advantage.
Looking at the EMEA M&A league tables, Lazard is in the top 5, beating many BBs, while Moelis doesnt appear in the top 20. Identify potential financial investments that are environmentally sound, considering issues such as carbon emissions and biodiversity. Hi Brian- thank you so much for the prompt reply. UBS reputation has gotten worse, but I still dont think thats a reason to take JPM over UBS if you actually want to do banking or other deals-roles. For exits in general (not sure if finance only)/ B School. This ones easy! RBC is worse for PE recruiting, but unlike DB, it is growing its IB franchise. RBC seems to be seriously growing over the years whereas CS IB is declining in the US? Yes, the Guggenheim offer was the correct choice under those conditions. Theyre both good choices, so it mostly comes down to location/people and how much the slightly better MS brand name matters. Yes, theyre better, but the recruiting process is very random and 3 banks is not a large sample size. Wells Fargo has a stronger brand than Rothschild in the US (opposite of Europe), and NYC is a better location for exit opportunities than Charlotte. And if you really cant decide, flip a coin and be glad you have a summer internship offer at all. Prepare for Jesus Return section shares, Salvation and Full Salvation section selects articles explaining the meaning of, What is eternal life? In addition, the program offers organized activities that allow Summer Analysts to receive analytical training, meet senior executives, and network with other participants across business lines. So it depends on what you value more: optionality outside of finance careers, or the learning/deal experience and culture. The only reason to pick BAML instead is if you are more interested in exit opportunities like corporate finance/development at normal companies. I think theyre all fine if your goal is the standard set of exit opportunities. I wouldnt go by family with no finance background as they dont know enough about the hiring market to say anything useful. Citi (Industrials- Chicago)- Solid group with 5 SMDs, Evercore (M&A- Chicago)- 3 MDS, Finaco NYC Consumer, Soc Gen NYC or Point 72 (Hedge Fund), I also wanted to add Raine Group (NYC) very lucky to be in this position at this time but want to make sure I make the safest choice, Also wanted to add Ranie Group NYC. You will hear from senior leaders and learn more about navigating the professional environment, as well as interview for a 2023 internship opportunity. Wells Fargo is a platform offer, followed by a sell-day in charlotte. Tough call, but I would probably pick Guggenheim. Do NOT make a decision based on small differences in compensation, such as $2-5K; that might seem like an enormous amount as a student, but over a few years, it is nothing. Otherwise, energy is too specialized and will limit your exits. The group combines strong relationships and industry knowledge with superior capital markets and advisory capabilities that includes debt and equity underwriting, mergers and acquisitions, and loan syndications. I need to decide between Barclays (Trading and Structuring) and Goldman Sachs (Investment Management). Any thoughts on Guggenheim NY vs BMO Chicago for summer associate? I have offers from Evercore NY and MS London, and GS NY if I will definitely take it on the spot. JPM, especially if youre not 100% certain you want to stay in finance. JPM is probably a better bet than CS based on global deal activity, though I dont know about SE Asia specifically. This one depends on your long-term goals. Lazard is the best, brand-wise, but the Boston location is slightly worse than NY for recruiting purposes. Citi and the other U.S.-based banks have performed better than the European ones and are in a stronger position overall. I would pick JPM NY Tech in this case. Which should I choose given that I want to join a hedge fund and become a PM there? I would go with JPM Chicago here because the industry group is broader and you wont be pigeonholed as easily in terms of exit opportunities. Thank you for all the great resources that have helped me tremendously throughout the process this year. And if you dont know what you want to do, pick the offer that keeps the most options open. Thanks for your informative article, Brian. PWP Tech (SF) vs Barclays Generalist (NY) vs Jefferies Tech (SF)? Should I pick RBC (NY) or Guggenheim (NY). That is a tough one and I think it really depends on which industry youre most interested in, but I would say MS is your best bet overall if you just want generally solid experience + the best brand name of all of those. mom, said the innocent, lively young girl cheerfully as she lay flat by her young Would you take a GS Summer over any BB FT offers? Theyre both good, but MS has the stronger brand name outside of finance. The Citi one generally has a higher conversion rate, and its two predetermined rotations. NY vs. non-NY works against HLHZ a bit, but in the current environment, with everything remote, Im not sure it matters as much. Let me know, thanks! HL appears to have more deal volume and more of a presence than RBC in London. Its the usual EB vs. BB decision tree, so the answer comes down to how certain you are that you want to stay in IB/finance in general. Most people associate BlackRock with asset management, not IB, so it will be more difficult to end up in IB/PE/HF roles later on if you take that internship. I would like to maximise my chance to land an investment banking or equity research or even a HF intern directly next summer. MS Capital Markets (NY) vs. HLHZ M&A (NY). All NYC opportunities. Close one, but I would probably go with Rothschild, at least if youre interested in M&A or potentially Restructuring. Any of those could work, but industrials at WF is always a good bet because WF is strong in capital markets, and industrial companies do a lot of debt deals. Jefferies Charlotte TMT Group vs Greenhill NYC.
Do you want to stay in AM or move to an AM-related role? (obviously not MS/JP but how about the others?). B) Salary.com being able to use your name and address to tailor job posting to your geographic area. So if you dont think theres a good chance youll end up in LevFin, I would probably go with BAML Chicago Industrials for better experience and a wider range of exits.