(Monkey, 52 
Points) on 1/15/07 at 4:14pm
The class of 07 analysts are given a platform offer and then preference their groups -- the sorting process is starting soon and I'm trying to figure out which groups to angle for (aside from M&A).
| User | Silver Bananas |
|---|---|
| AnthonyD1982 | 161 |
| CompBanker | 140 |
| Marcus_Halberstram | 103 |
| coffeebateman | 67 |
| Mr. Pink Money | 66 |
| BankonBanking | 60 |
| Edmundo Braverman | 55 |
| jhoratio | 47 |
| Tech Buyout | 46 |
| drexelalum11 | 44 |
| User | Monkey Shit |
|---|---|
| fordhammaster | 170 |
| UofHGirl | 161 |
| 1styearBanker | 155 |
| SirBankalot | 115 |
| FTPiper | 100 |
| PiperJaffrayChiang | 85 |
| monkeyinasuit | 65 |
| Lloyd Blankfein | 58 |
| StuyvesantHedgeFunder | 52 |
| Edmundo Braverman | 43 |
This person has not made any friends yet.
havent heard much
by Tech Buyouttheir sponsors team is a joke.
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Re: havent heard much
by opticalchargetheir sponsors team is a joke.
How big of a joke? You can't just give me a cliff-hanger like that!
other groups
by armchairnabokovwell then, what are the best groups at wachovia then? also, any recommendations on how to get your first group preference?
joke, worse than the laffy
by Tech Buyoutjoke, worse than the laffy taffy ones you read as a kid.
If Wachovia is your only offer, i'd go for retail group.
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by guyjerhttp://www.ibankingoasis.com/node/2259
This is why you dont want Wachovia.
yeah i read that, but i was
by armchairnabokovyeah i read that, but i was under the impression that their lev fin was one of the better groups there and improving:
http://www.ibankingoasis.com/node/2201
I love...
by Monopolisfhow all the snotty ignorant kids on this board continually diss and dismiss any firm outside of GS, MS, etc. The reality is that, yes, Wachovia is a "second tier" firm...but so what? Your compensation as an analyst/associate will be exactly the same. In addition, you will have the opportunity to work in an aggresive environment for a firm that is climbing up the ranks. And after a couple of years you will have no problem jumping to GS, MS, etc. if you are talented.
I appreciate the honesty.
by armchairnabokovI appreciate the honesty.
Given that I have accepted my offer at Wachovia for a variety of reasons and that I recognize its second tier status, which group should I try to be in to maximize my exit opportunities at midsize PE firms or boutique banks? I was thinking lev fin, but I wanted to hear what those who actually had knowledge of these groups thought.
Unlike a lot of monkeys out there, I don't want to work for KKR or Blackstone after my two years is up. I'd ultimately like to get some operational experience.
well
by jj80if you are going to be at wachovia, you might as well be in a group that takes advantage of its b alance sheet...also they have gotten some ok placement from their lev fin group. at least you won't have to overpay for everything while living in new york
i've said this
by Jimboi've said this elsewhere...don't underestimate charlotte in terms of the crazy amounts you can save there. i know a few ppl who work down there. you can get a 1 bedroom in a building with free parking,gym and a pool for 800/month.
i definitely agree with your
by armchairnabokovi definitely agree with your sentiment, jimbo.
but given that i'll be at wachovia, i'm trying to figure out which group will give me the best training and exit opportunities. anyone have any thoughts?
lev fin
by YeeahI know someone intern down there instead of BS because of the Lev Fin group; he said that their Lev Fin group is decent because of Wachovia's large deposit base, I believe 4th or 5th largest, behind BofA and JPMChase
Re: well
by SmartBankerif you are going to be at wachovia, you might as well be in a group that takes advantage of its b alance sheet...also they have gotten some ok placement from their lev fin group. at least you won't have to overpay for everything while living in new york
I agree. Wachovia has a strong position in syndications due to its commercial lending heritage. If there is any area where Wachovia should gain momentum as they try to become a respectable IB, I would guess lev fin is the area.
This is one area where you can hope that people there know what their doing.