I see a lot of people hyping up GS as the "holy grail" of investment banking (analyst stint), but was wondering why many people tend to prefer BB over EB like GS/MS over Evercore, PJT, etc.
For those who have gotten both offers and decided to go down the BB route over EB, what drove your decision to take the pay cut to go to a BB? Exit opps? Also interested in hearing from the people who have not yet applied but would rather receive a top BB over EB offer. What factors led to your preference?
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Being able to lateral to other products and name out of the finance world.
Finally its dominance in Europe and possibility to move to other offices in a few years time also made me decide that BBs were the best choice for me.
But for those who are interested in pursuing a more "coveted" high finance path/staying in high finance (IB->PE/HF->MBA->PE/HF), does going to either a BB or EB make a significant difference?
In short, no it wouldn't make a significant difference.
I had similar thoughts when I was going through recruiting. At my target, most would consider GS/MS/JP to be on par with the EB's, and the rest of the BB's coming after the EB's. This was mostly driven by the fact that the placement process at BBs is opaque and you could be stuck in a bad coverage group with no modeling work. Most candidates were ok with gambling on placement at places like MS/JP/GS simply because all groups are pretty strong.
If you're set on high finance just pick the BB or EB with the culture you vibe with best. You'll get looks at every PE firm and it's just on you to convert offers.
at my target, it's a big trend where ppl take EBs over BBs. have also seen multiple ppl turn down offers from gs tmt & fig for EBs. ppl who summer at EB and then FT at GS/MS exist, but rare.
Who would take FIG over an EB? Genuine curiosity, not hate.
guess its diff when its gs fig? idk
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