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Advice between FT offers: GS vs JPM vs Laz
 

kaiden's picture
 
Points)
 on 8/8/12 at 3:19pm

I summered in a GS coverage group this summer (not FIG or TMT) and did not like my experience (loved the work but didn't like my coverage industry and wasn't crazy about my intern class or the people in my group). I go to an ivy that is not Harvard or Wharton and is very common on the street.

My goal is to do PE after my two years in banking. This last week I began receiving calls from places that I got offers from and turned down at the beginning of the summer. It seems as though the following groups are willing to offer me a chance to switch there FT and I wanted the opinion of some of the older people on here in regards to the reputation of these groups and how they'd be viewed by various exit opps:

Lazard (generalist offer but 95% would be in restructuring)
JPM (FIG)
MS (FIG)
Citi (M&A)

I also am trying to interview with BX restructuring (speaking with contact on Saturday), but didn't interview with them coming into summer so far less connections there.

I wanted to do FIG coming into the summer and Laz was my favorite firm (mainly picked GS for name) so I think my top choices right now are Laz and JPM (assuming BX doesn't pan out). Both firms have told me they have spots and are bringing me in within the next week to interview, so any insight differentiating between those two specifically would be very helpful. Also if anyone knows of people/had specific experiences with or in either group that would be great as well.

Thanks in advance.

Tags:
Knowledge Kick's picture

Damn.

 
Points)
 on 8/8/12 at 3:39pm

Damn.

http://DollarDrip.com Username: Knowledge Kick

FernandoTorres9's picture

1. BX R&R 2. Lazard 3. MS FIG

 
Points)
 on 8/8/12 at 3:54pm

1. BX R&R
2. Lazard
3. MS FIG / Citi M&A
4. JPM FIG

MS FIG is much stronger than JPM FIG, and has comparable exits to a group like Citi M&A. Lazard outpaces all three of those, and obviously BX R&R is top of the street alongside GS TMT.

FormerHornetDriver's picture

An M&A or Restructuring group

IB
(Orangutan, 363
 
Points)
 on 8/8/12 at 4:01pm

An M&A or Restructuring group would be a little more applicable to a PE transition than a FIG group. I am not a PE guy, but I have never heard of any FIG-type LBOs. Any PE guys, please feel free to chime in to correct me.

Interesting that you did not like GS. I was recruited by them for FT Associate role in IBD and was totally turned off by everyone I met. I actually turned down a follow-up interview after super day because I knew I did not want to work there. I would be interested to hear more about your experiences there.....

gordo's picture

How the hell did you manage

IB
(Baboon, 148
 
Points)
 on 8/8/12 at 4:03pm

How the hell did you manage to get yourself into the most enviable dilemma of all time?

My WSO Blog

FutureWaller's picture

Am I jealous of your

O
 
Points)
 on 8/8/12 at 4:11pm

Am I jealous of your situation?

Does a bear shit in the woods?

turtles's picture

Seems pretty clear that

IB
(Neanderthal, 2,950
 
Points)
 on 8/8/12 at 4:14pm

Seems pretty clear that you've already picked Lazard.

Just saying...

seville's picture

What an awesome position you

 
Points)
 on 8/8/12 at 4:43pm

What an awesome position you are in.

tchekm845's picture

Seems like you know what you

 
Points)
 on 8/8/12 at 5:12pm

Seems like you know what you want and you're just seeking validation/somewhat showing off.

blastoise's picture

Go with barclays

O
 
Points)
 on 8/8/12 at 5:16pm

Go with barclays

SirTradesaLot's picture

blastoise: Go with

 
Points)
 on 8/8/12 at 5:28pm
blastoise:

Go with barclays

UBS maybe?

Turbo leverage for capital explosion -- BD Capital

My WSO Blog

animalz's picture

personally, i would go with

(Gorilla, 708
 
Points)
 on 8/8/12 at 6:07pm

personally, i would go with either
1. Laz
2. Citi

However, should you receive an offer from BX - its the name with strongest options (dont know anyone there so can't really say)
If you get your chance there, but no R&R offer - their M&A is not too popular, but def a great name as well

Also, would it be possible to convert MS/JPM to better groups?

fuzzieWuzzie's picture

I work in PE and worked at

PE
(Chimp, 9
 
Points)
 on 8/8/12 at 6:16pm

I work in PE and worked at BX. I would say if you can't land a BX offer Laz would be great. Still, they are all seriously great opps.

Honesty is the best policy...If there is money in it- Mark Twain

Ricqles's picture

lazard or bx, but bx for

O
(King Kong, 1,270
 
Points)
 on 8/8/12 at 6:19pm

lazard or bx, but bx for exits.

dabears432's picture

I have many friends who

IB
(Baboon, 108
 
Points)
 on 8/8/12 at 6:43pm

I have many friends who worked at GS. You should not have formally found out about an offer there yet since they tell you within a few days of ending. Do you think you have an offer at GS, even if it does not interest you?

Go ahead and interview at all of those places, land offers, and then discuss. I know you might have a good shot, but right now all you're doing is speculating. All those groups are good and worth interviewing with.

Asatar's picture

You having this problem and

O
(Neanderthal, 2,032
 
Points)
 on 8/8/12 at 7:23pm

You having this problem and asking on the WSO board is equivalent to a normal American family asking an Ethiopian child for advice on the best bottled mineral water.

See my other WSO blog posts>

kaiden's picture

Didn't think this would be a

 
Points)
 on 8/8/12 at 10:22pm
kaiden's picture

Also, a big reason that I am

 
Points)
 on 8/8/12 at 9:07pm
Flake's picture

Asatar: You having this

ER
(Neanderthal, 3,599
 
Points)
 on 8/9/12 at 12:01am

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

firefighter's picture

Why fig if you go to MS or

IB
 
Points)
 on 8/9/12 at 12:15am
kaiden's picture

I'm talking to MS about the

 
Points)
 on 8/9/12 at 1:22am
OMS's picture

BX or LAZ. If neither of

PE
(King Kong, 1,886
 
Points)
 on 8/9/12 at 5:07am
WACCjob's picture

Did my internship with a BB

IB
 
Points)
 on 8/9/12 at 4:07pm
AstonMartin's picture

BX or GS coverage

ST
 
Points)
 on 8/9/12 at 7:23pm
kaiden's picture

So it seems like everyone

 
Points)
 on 8/10/12 at 12:07am
SirTradesaLot's picture

kaiden: Could anyone give

 
Points)
 on 8/10/12 at 1:00am

Turbo leverage for capital explosion -- BD Capital

My WSO Blog

FreezePops's picture

Citi gives generalist offers

(Orangutan, 309
 
Points)
 on 9/1/12 at 5:32pm
seamlessftw's picture

Stay away from MS FIG. I've

 
Points)
 on 9/1/12 at 11:49pm
kaiden's picture

FreezePops: I was recruited

 
Points)
 on 9/4/12 at 5:28pm
Whiskey5's picture

This is really interesting. I

IB
(Gorilla, 705
 
Points)
 on 9/4/12 at 8:04pm
ktsky's picture

Just curious, what was your

 
Points)
 on 9/5/12 at 1:03am

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