5/4/12

Was reminded about this theme from these two gselevator tweets I just came across:

#1 Those who can do, do. Those who can't, work at Morgan Stanley.

#1: I sent Morgan Stanley my resume. #2: Why? #1: So i could reject them again.

I understand that GS is more prestigious, but this definitely isn't the first time i've come across this shit talking/competitiveness.

So why all the disdain towards MS from GS employees? Just rivalry? or is GS actually better?

If I polled WSO I'm sure most of you would say you would rather work at GS...

Comments (22)

5/4/12

My favorite one from GS Elevator was "They're so washed up people should tell their kids to go and Morgan Stanley before dinner."

I'm sure it's just a rivalry thing.

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5/4/12

It's ego; they are always top 2. Dealflow aside, I would generally say MS is better to work for as a banker.

GS is a trader's firm...while this holds across the street, Goldman is an extreme case. Morgan Stanley still holds corporate advisory as its main business (even if that is not true with regards to earnings).

But in all honesty, it's a moot point. They are both top notch banks. It is like weighing Harvard vs Princeton. You can make a case for either.

5/4/12

Certain GS would come on top.

The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.
Best Response
5/4/12

JPM > GS > MS

5/4/12

If given the chance I'd work for JPM or MS over Goldman.

MM IB (2 years) -> TMT Corporate Development

5/4/12
SECfinance:

If given the chance I'd work for JPM or MS over Goldman.

I'd like to believe the same about myself but I don't know if it would hold true. If I had offers from all three I am definitely saying hell no to MS but then it leaves JPM and Goldman. People I actually like (JPM) or the absolutely most prestigious shop (GS).

It's like Harvard, Princeton or Yale. For all intensive purposes you're getting the same experience. If you were accepted to all three would you really say no to Harvard?

5/4/12
ProspectiveMonkey:
SECfinance:

If given the chance I'd work for JPM or MS over Goldman.

I'd like to believe the same about myself but I don't know if it would hold true. If I had offers from all three I am definitely saying hell no to MS but then it leaves JPM and Goldman. People I actually like (JPM) or the absolutely most prestigious shop (GS).

It's like Harvard, Princeton or Yale. For all intensive purposes you're getting the same experience. If you were accepted to all three would you really say no to Harvard?

In a scenario like this, you should be picking on fit. All three will provide similar opportunities for you (obviously not the same ones because you'll get to know different people), so it would be a choice based on culture and fit.

I personally would prefer Princeton over Harvard undergrad and I think I would fit in better there. So yeah, I'd pass up Harvard.

In the JPM/MS/GS case, it would obviously depend a bit on placement. I'd choose a good dealflow group at JPM/MS over a bad one at GS and vice versa. But if I got into Group X, and it provided the same opportunities no matter what firm I went to, I'd choose JPM or MS.

If my offer was GS vs. a MM or a bank like BofA, that would be different. Obviously in that scenario you wouldn't necessarily be looking at the same opportunities down the road/would be concerned about the firm's overall health.

Prestige is all relative - Goldman hasn't always been the best firm on the Street and it won't always be the best firm on the Street.

MM IB (2 years) -> TMT Corporate Development

5/5/12
ProspectiveMonkey:
SECfinance:

If given the chance I'd work for JPM or MS over Goldman.

I'd like to believe the same about myself but I don't know if it would hold true. If I had offers from all three I am definitely saying hell no to MS but then it leaves JPM and Goldman. People I actually like (JPM) or the absolutely most prestigious shop (GS).

It's like Harvard, Princeton or Yale. For all intensive purposes you're getting the same experience. If you were accepted to all three would you really say no to Harvard?

I know plenty of people who wouldn't chose Yale (i.e JPM), but would definitely pick Princeton over Harvard for intangible reasons. If you're at the caliber where you get into those schools, you'll make your own opportunities anyways. I know one guy who picked Princeton because they've got a great quantitative finance track which is what he's into. Similarly, someone would probably pick Morgan Stanley's M&A or menlo park tech banking over Goldman's industrials group for similar reasons. I know I would

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5/4/12

It's all ego, MS says the same about GS

"Well, you know, I was a human being before I became a businessman." -- George Soros

5/4/12

like all things, those who talk the most shit are always the ones who have the most to cover up imo. I mean honestly, if GS truly truly thought they were better than MS would they constantly have to say it? Its the same shit with Boston/ New York sports, when you talk you just look insecure. Just stfu, do work, and let it speak for itself

GBS

5/4/12
GoldmanBallSachs:

like all things, those who talk the most shit are always the ones who have the most to cover up imo. I mean honestly, if GS truly truly thought they were better than MS would they constantly have to say it? Its the same shit with Boston/ New York sports, when you talk you just look insecure. Just stfu, do work, and let it speak for itself

Amen.

5/4/12

This dick measuring bullshit is such a turnoff. You run the world, if you have made it to the top do you need to nitpick over this stuff? Really? I understand that outside of a work setting people from different firms probably have a lot of respect for each other but a lot of this is just...gay.

I asked about exit ops from the IBD divisions a while ago and people said they were the essentially the same across all of the BB banks. So why people care so much about which actual bank they work at baffles me. Division/specialty I can understand more.

5/5/12
FusRoDah:

This dick measuring bullshit is such a turnoff. You run the world, if you have made it to the top do you need to nitpick over this stuff? Really? I understand that outside of a work setting people from different firms probably have a lot of respect for each other but a lot of this is just...gay.

I asked about exit ops from the IBD divisions a while ago and people said they were the essentially the same across all of the BB banks. So why people care so much about which actual bank they work at baffles me. Division/specialty I can understand more.

FYI exit opps are not the same across banks, especially when you compare among top tier exits.

5/4/12

If you think @GSElevator actually works at GS I have a bridge in New York to sell you.

5/4/12
Boothorbust:

If you think @GSElevator actually works at GS I have a bridge in New York to sell you.

how much u axin 4 it, im fluuuush with cash looking 4 investments

5/5/12
Boothorbust:

If you think @GSElevator actually works at GS I have a bridge in New York to sell you.

how much?

5/5/12

GS prestige is getting hit more and more with all the scandals.
They are in EVERY SINGLE dodgy stuff, and the gap with competitors in terms of financial results have narrowed a lot or even inverted since the crisis.

Plus, the culture there is a bit too "heavy" if you see what I mean, you have to "think and live GS".

I think MS is a more balanced and enjoyable firm for people who are not in the "GS mindset".

But that's just me.

5/5/12

Goldman = Morgan Stanley, but for M&A I'd go with Greenhill, Evercore, Quatalyst.

5/5/12
BananaBoy:

Goldman = Morgan Stanley, but for M&A I'd go with Greenhill, Evercore, Quatalyst.

People like you need to stfu. Learn to spell Qatalyst first.

5/5/12

I guess since it is not a word, it could be spelled any way I like. Why you have to be so profane my friend.

5/11/12
5/11/12
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