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Hi, I need some career advice. I am a MBA student graduating in 2013 and now considering summer offers from Lazard Corporate Finance Advisory, Barclays IBD and Citi IBD (all in NYC). It would be great if I could get some advice on which of these three is the best option. Generally, what I am looking for is:
1. Stability of the institution
2. Conversion rate for summer to full time
3. Prestige
4. Exit option
5. Bonus
6. Culture and people
7. Growth momentum of each institution

Thank you so much for all your helps in advance. It would be great to hear your inputs!!!

1

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Comments (24)

  • B-School Bound's picture

    dumb question, Lazard wins this by a mile. Better pay, more stable, better firm, better exit options, comp is all cash, culture is cut throat and filled with serious winners. If you are actually considering a Citi offer over Lazard need to have your head examined.

  • leveRAGE.'s picture

    imo its pretty clear

    1. Lazard
    2. BarCap
    3. Citi

  • Michael Eisner's picture

    1. lazard
    2. Citi
    3. BarCap

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  • Houston_Oil_Drum's picture

    BarCap > Citi

    Lazard = awful work environment

  • Kanon's picture

    OP: Lazard, based on your criteria.

    But prepare to get wrecked - LAZ will work you to the ground.

  • wallstreetoasis0's picture

    By Lazard CF do you mean Lazard's advisory practice (M&A and restructuring) or their capital markets group? If the former, I can see a case for taking it over Barcap or Citi but otherwise I'm not sure that taking a pure cap markets group (esp. at Lazard, which typically doesn't get on the big IPOs or debt offerings) trumps a coverage or M&A group at Barcap or Citi.

    OP - please don't blindly take the offer because of the Lazard name as posters here would lead you to believe. M&A or coverage typically > capital markets for long-term benefits

  • In reply to wallstreetoasis0
    felixthecat's picture

    wallstreetoasis0:
    By Lazard CF do you mean Lazard's advisory practice (M&A and restructuring) or their capital markets group? If the former, I can see a case for taking it over Barcap or Citi but otherwise I'm not sure that taking a pure cap markets group (esp. at Lazard, which typically doesn't get on the big IPOs or debt offerings) trumps a coverage or M&A group at Barcap or Citi.

    OP - please don't blindly take the offer because of the Lazard name as posters here would lead you to believe. M&A or coverage typically > capital markets for long-term benefits

    It is the capital markets group (not M&A advisory). Therefore it is relatively a very new group. I also shared a very similar concern about the type of work and exposure that I will get at Lazard corporate finance advisory group vs coverage at Citi/Barcap. Since I won't be working on M&A transaction and will most likely be working on a purely advisory/consultation role, I'm not sure about career path and exit options.

  • In reply to felixthecat
    timatom90's picture

    felixthecat:
    wallstreetoasis0:
    By Lazard CF do you mean Lazard's advisory practice (M&A and restructuring) or their capital markets group? If the former, I can see a case for taking it over Barcap or Citi but otherwise I'm not sure that taking a pure cap markets group (esp. at Lazard, which typically doesn't get on the big IPOs or debt offerings) trumps a coverage or M&A group at Barcap or Citi.

    OP - please don't blindly take the offer because of the Lazard name as posters here would lead you to believe. M&A or coverage typically > capital markets for long-term benefits

    It is the capital markets group (not M&A advisory). Therefore it is relatively a very new group. I also shared a very similar concern about the type of work and exposure that I will get at Lazard corporate finance advisory group vs coverage at Citi/Barcap. Since I won't be working on M&A transaction and will most likely be working on a purely advisory/consultation role, I'm not sure about career path and exit options.

    I think everyone in this thread has been assuming the contrary, that LAZ M&A/Restructuring over Citi/BarCap, so people should probably reconsider their opinions.
  • PaperTrail's picture

    Can't speak much to Lazard, but I would take Citi over Barcap. Citi seems to have a lot more momentum / heading in a pretty good direction

  • In reply to timatom90
    felixthecat's picture

    timatom90:
    felixthecat:
    wallstreetoasis0:
    By Lazard CF do you mean Lazard's advisory practice (M&A and restructuring) or their capital markets group? If the former, I can see a case for taking it over Barcap or Citi but otherwise I'm not sure that taking a pure cap markets group (esp. at Lazard, which typically doesn't get on the big IPOs or debt offerings) trumps a coverage or M&A group at Barcap or Citi.

    OP - please don't blindly take the offer because of the Lazard name as posters here would lead you to believe. M&A or coverage typically > capital markets for long-term benefits

    It is the capital markets group (not M&A advisory). Therefore it is relatively a very new group. I also shared a very similar concern about the type of work and exposure that I will get at Lazard corporate finance advisory group vs coverage at Citi/Barcap. Since I won't be working on M&A transaction and will most likely be working on a purely advisory/consultation role, I'm not sure about career path and exit options.

    I think everyone in this thread has been assuming the contrary, that LAZ M&A/Restructuring over Citi/BarCap, so people should probably reconsider their opinions.

    Yes, It would be great to hear additional inputs on this. Sorry for not making it very clear in the beginning. Also, does anyone has an opinion on whether which bank has a stronger Natural resources/chemical franchise? Would love to hear your thoughts

  • In reply to felixthecat
    audemarspiguet's picture

    felixthecat:
    timatom90:
    felixthecat:
    wallstreetoasis0:
    By Lazard CF do you mean Lazard's advisory practice (M&A and restructuring) or their capital markets group? If the former, I can see a case for taking it over Barcap or Citi but otherwise I'm not sure that taking a pure cap markets group (esp. at Lazard, which typically doesn't get on the big IPOs or debt offerings) trumps a coverage or M&A group at Barcap or Citi.

    OP - please don't blindly take the offer because of the Lazard name as posters here would lead you to believe. M&A or coverage typically > capital markets for long-term benefits

    It is the capital markets group (not M&A advisory). Therefore it is relatively a very new group. I also shared a very similar concern about the type of work and exposure that I will get at Lazard corporate finance advisory group vs coverage at Citi/Barcap. Since I won't be working on M&A transaction and will most likely be working on a purely advisory/consultation role, I'm not sure about career path and exit options.

    I think everyone in this thread has been assuming the contrary, that LAZ M&A/Restructuring over Citi/BarCap, so people should probably reconsider their opinions.

    Yes, It would be great to hear additional inputs on this. Sorry for not making it very clear in the beginning. Also, does anyone has an opinion on whether which bank has a stronger Natural resources/chemical franchise? Would love to hear your thoughts

    Barclays and Citi (a lot of the old UBS group) are both good in natural resources but Barclays is definitely stronger. Not sure about Barclays but Citi has a fairly strong chemicals franchise (advised on lubrizol deal last year) and both banks were on Eastman Chemical deal.
    http://dealbook.nytimes.com/2012/01/27/eastman-che...

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