BB ER or Big 4 M&A (Corporate Finance)

Hey all,

I'm currently in my penultimate year and have been offered:

1. Equity research cadetship (6 months in Utilities and also in Natural Resources at a BB - not sure if analyst are II listed, but the shop is no.1 in many coverage in my region)

2. M&A Lead Advisory at a Big 4 (Summer Internship only ~3months).

 

With the long-term goal is to go into Investment Banking, I was wondering which would be best for my goals.

 

I understand both has their pro's and con's and would appreciate any comments or general thoughts!

 


Likewise, if any other students have any questions on how I got these internships, feel free to comment! This forum has helped me so much in preparation and I'm keen to give back :).

Thanks!

6 Comments
 

I'm not sure which is better for IB, but BB ER is a good gig in its own right, especially if you want to work in the hedge fund industry or have a career in equity markets.

Would assume BB ER is better because relevant skillset and brand name.

 

Doloribus sapiente veniam beatae occaecati quam sit tempora. Dolorem recusandae provident dolorum officia quis beatae voluptatibus. Omnis fuga voluptas iure distinctio suscipit iusto.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
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...”