Trying to make a decision between the three firms. Lets just say for argument its between these three, Lazard M&A, Greenhill M&A/Restructuring, and BarCap IBD for a Junior SA position. Thanks!
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Culture sucks at Lazard. I would not want to work there. Take your pick with Greenhill and BarCap. Both are great.
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I'm assuming you posted this based off of other posts on WSO? You clearly don't know anything about Lazard's culture, so please refrain from posting. I personally know several people that are at Lazard and their culture is actually great.
I think it comes down to LAZ vs. GHL. LAZ hired one of GHL's founding partners a while back if that says anything lol. I'd choose Lazard, but that's just personal preference. Talk to some of the analysts and associates and go from there.
Barclay's.
Full disclosure: heading to BarCap for the summer. Three points to consider:
Regardless, it's a very good problem to have. Congrats!
Lazard's M&A is within their industry coverage groups as well and not a separate product group.
IBeinhopeful, thanks I appreciate the advice. How about BarCap Real Estate? Do you know about their relative strength in the Real Estate Group?
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Lazard.
Nice work! congrats
My take: BarCap/Lazard > Greenhill
Lazard will work you harder, while Barclays is a little chiller (still working hard). Good deal flow at Barclays and Lazard, Greenhill has been a little low on deals lately relative to other boutiques.
Lazard is straight M&A and has smart guys but is a known sweatshop. That's what people mean by "bad culture." Like you might start there and wanna jump from 30 Rockefeller or whatever their building is. Barclays is less of a sweatshop, has smart people, and similar compensation, but you might get placement into some random group, even if you have an ibd offer. However, if you're lucky you'll get the M&A analyst position within an industry coverage group, which is a good combo of gaining industry expertise while working on cool transactions.
All three place decently into buyside, so don't let that factor into you're decision too much
Agree w/ Plastic Cup. Idk where LAZ garnered this terrible rep. Every bank gunning for competitive deals is going to work you hard (you'll get worked plenty hard at BarCap or Greenhill and likely get yelled at) and have some assholes running the show. Have met w/ an MD group head at LAZ once or twice who's alum and an extremely nice guy. Buddy at "awesome culture" BB's Director is the living incarnation of Satan. It's all relative.
Who's the Satan?! I wanna work for him..
I apologize if I was incorrect.
At BarCap, you'd work in coverage F/T for six months at which point you can choose to either remain in coverage or focus on M&A within that vertical.
At Laz, don't you start as an M&A generalist and then focus on a particular group? Or are you immediately slotted into a industry-specific M&A group?
Regardless, the structures at both firms are very different.
Lazard analysts (for FT) are placed into industry groups at the end of training. These industry groups are essentially fully self-functioning in that they execute their own M&A. If you're in the restructuring group however, you'll work across several industries and can often work alongside specific industry groups as well.
Go with the big....Barclays
barclays pay cut - http://www.bloomberg.com/news/2012-02-02/barclays-plans-25-to-30-pay-cu…
Lazard
Dude..Lazard. I would have said Greenhill after Lazard, but heard it has been kind of shaky lately...so maybe Barclays after Lazard..
Bump, any others? From what I'm getting here its probably BarCap?
It's between BarCap and Laz and you can't go wrong with either. Maybe see what it's like at BarCap this Summer, and keep the line open with Lazard should you change your mind after your internship.
(I'm obviously biased of course!)
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