Best Response

Generally speaking the fixed income stuff won't really affect IBD, and is probably an issue at every bank (the market itself is down for largely regulation-driven reasons, and MS was never a great fixed income trading house in the first place).

Of the friends I have at both, people tend to seem happier at MS, but it's also pretty group dependent. M&A at both places seems miserable. You should really just go wherever you like the people better. Or if you're not married to any specific group, the pool is probably an incremental benefit just because you aren't forced into a group off the bat that you may end up not liking.

 

What he said. According to WSO's "prestige consensus" MS ranks higher, but in practice they're both great firms to start at and how well you perform on the job is probably going to matter a lot more than the slight difference in prestige. How much you enjoy working with your team since how well you like each other will in no small part determine your deal experience.

As a result, fit will probably be the most important factor for your exit opportunities. It is exponentially more important if you want to stay in banking and advance within the firm.

 

Quaerat aliquid impedit earum similique et aliquam debitis. Eum quod tenetur reprehenderit.

Maiores dicta aut autem officia id laudantium molestias. Dolorem dolores non suscipit non iusto. Dolor hic quia earum dolorem odio eos ea.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”