Bulge Brackets are SUPERIOR to Elite Boutiques
BBs are one of the most well known banks around the world. Ask your parents if you've heard of the BBs and they will likely know all of them. When you have that name brand on your resume, people automatically know what "BofA" or "JPM" or "UBS" is. Literally no one knows any of the EBs besides people on the IB -> PE track, which is a very small subset of business. Even people in finance don't know EBs -- MDs in S&T/ER literally didn't know what Evecrore or Centerview was.
When you go to raise money for your startup, go work for a tech company, go work in corp dev, etc. the BB name will set you up 1000x better than any EB name will because people will actually know what your BB is.
Good groups at top and mid tier BBs have great exits, and routinely send over 50% of their analysts in those groups to UMM/MF firms. So, BB's strong groups get the same PE exits as EBs, but a much more well known brand name.
As far as a career in IB, there's a reason why every senior person in the industry tells you to start your career at a BB and there's a reason why all the MDs at EBs come from BBs.
EBs are too specialized in M&A. BBs offer greater vastness of experience early on career by getting exposure to a variety of different deals. A BB sells M&A, ECM, LevFin, Prime Brokerage Services, etc. It's harder to make a career as an EB banker if you're only offering M&A to a client, while the banker at a BB can offer everything the bank does and is a one-stop shop. More products = higher likelihood of business.
The reason your mommy knows what BofA is only because it’s so fucking unprestigious. You think she knows what KKR or General Atlantic are?
Your mom is very familair w Bofa deez nuts in her Throat. Fuck yes
I started at an EB during uncertain times. In a healthy economy would have done BB. Worked out well, but the BB brand carries over globally. Within the transaction world it probably doesn't matter, but as an example I had a tech Corp Dev interview and my interviewer had never heard of the EB I was at. This was many years back - ultimately, these things matter more early on or if you want to go to industry or other areas of finance. As you get older, more about your experience, how you communicate, fit on views / thought process etc etc
Sounds like an insecure BofA intern lmaoooooo
Evercore over any BB all day.
I think you’re probably spot on for junior talent. While EBs might be “more prestigious” within our bubble, it goes to say that BBS are most prestigious to the world.
People choose EBs for the pay where you’d alternatively get shafted at most BB come bonus season, especially shiti.
MS / BofA pay way above Shiti.
This dude really hates Citi lol, bro is really running a whole smear campaign with his 6 other accounts
Also, BofA pays lower:
I can’t stand this dude lol
I know. I’ve been obnoxious. I actually am sorry
Ea provident quasi perspiciatis aspernatur deserunt aliquid. Sunt ut ut porro labore nobis ut. Eos harum dicta esse dolore. Pariatur similique exercitationem sed pariatur ipsa. Fugit ex expedita quia ut et incidunt provident.
Sit est odio recusandae iusto sunt quibusdam quasi. Quas dolorum molestiae totam saepe consectetur. Sit officia dolorum ut quae.
Harum reprehenderit quia sit expedita nesciunt. Porro velit sit aut omnis ut blanditiis tempora. Quis aut magni sit odit accusamus nam numquam. Dolor velit qui aut nisi.
Repudiandae voluptas voluptates laborum qui quod. Iusto fugiat quis vel quia sit. Corrupti nostrum reiciendis esse minima qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...