Credit Suisse vs Morgan Stanley vs Citi ER Summer Internship

I'll just start by saying no, I do not have offers yet. This is just out of curiosity because the potential is there.

Anyways, what do you guys think of these 3 places just in terms of quality of work/exit opps/pay/culture, etc? I realize that a majority of it will have to do with the analyst you're working under, but I wanted to get an idea of the big picture of where these banks stand in the ER sphere.

If it helps, I'm looking to do something in the Energy/Oil sector, but I'm not 100% I would be placed in that group.

12 Comments
 

Wow, this is remarkably similar to my situation. Throw GS in the mix and which would you guys choose for research? Is the name brand of the firm more important than the reputation of the research department in regard to exit opportunities? I'm tempted to pick GS for the name, though I know CS's has more II ranked analysts. Any thoughts would be appreciated.

"My dear, descended from the apes! Let us hope it is not true, but if it is, let us pray that it will not become generally known."
 
Best Response
IlluminateWow, this is remarkably similar to my situation. Throw GS in the mix and which would you guys choose for research? Is the name brand of the firm more important than the reputation of the research department in regard to exit opportunities? I'm tempted to pick GS for the name, though I know CS's has more II ranked analysts. Any thoughts would be appreciated.

buy side contacts tell me they have difficulty trusting GS research. strong team but sometimes conflicting priorities.

 
banker00
IlluminateWow, this is remarkably similar to my situation. Throw GS in the mix and which would you guys choose for research? Is the name brand of the firm more important than the reputation of the research department in regard to exit opportunities? I'm tempted to pick GS for the name, though I know CS's has more II ranked analysts. Any thoughts would be appreciated.

buy side contacts tell me they have difficulty trusting GS research. strong team but sometimes conflicting priorities.

That reminds me of their reports on facebook. Recommending buys while shorting the fb holdings in their in-house mutual funds.
 
banker00
IlluminateWow, this is remarkably similar to my situation. Throw GS in the mix and which would you guys choose for research? Is the name brand of the firm more important than the reputation of the research department in regard to exit opportunities? I'm tempted to pick GS for the name, though I know CS's has more II ranked analysts. Any thoughts would be appreciated.

buy side contacts tell me they have difficulty trusting GS research. strong team but sometimes conflicting priorities.

This isn't unique to GS research though is it? All sell-side research seems to have conflict of interests.

"My dear, descended from the apes! Let us hope it is not true, but if it is, let us pray that it will not become generally known."
 

Simply choose the highest II ranked analyst. That is your best answer.

In terms of all the trust/political issues being discussed, it really doesnt matter too much when you're getting paid more than everyone else because your analyst is ranked high and if you keep a strong relationship with him he would hook you up with a job anyway, so meh if people don't "like" you're writing. Hell most II ranked guys suck at picking stocks anyway. If you;re the best stock picker in the world why you on the sell-side? You'd be at a hedge. But that's another topic.

Simply put go to the best analyst, only caveat is if it is a bad platform or if the guy is terrible to work for. You can tell if he is a bad guy to work for by simply pulling up reports on an annual basis and seeing the names change or not.

Finally, based on all this analysis in terms of bank "ranks" if forced to rank the bank as a whole again go to II and pull up the top banks, blv JPM was #1 this yr.

 

As an intern, I'd be hired in as a generalist and would not know my analyst until later in the process (after I accept the offer). As a result, would you suggest using the overall II rankings to make my decision? If so, the order is MS>CS>GS.

"My dear, descended from the apes! Let us hope it is not true, but if it is, let us pray that it will not become generally known."
 

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