BofA vs PWP vs CS
Hey everyone, my younger brother has an offer join either BofA, PWP, or CS next summer in NYC. I've given him my opinion already (I’m currently at an EB) but curious to hear what everyone thinks. He really enjoyed the people at PWP and pay is higher, but he is not THAT committed to banking and feels a BB name might help him with a different career if he changes. What do y'all recommend?Thanks so much!
PWP > BofA > CS if he wants to stay in finance
If he thinks he wants to stay in finance definitely
1. PWP
2. BofA
3. CS
if he thinks he may want to pivot outside of finance might recommend he go to a more well known name like BofA or CS for increased optionality
Do you guys think the heads of recruitment at Fortune 500 firms haven’t heard of Evercore or PWP. I would just do PWP.
PWP 100%. Culture, comp, prestige, exits, experience, learning. Even outside “banking”, I think it is a well respected name that will hold up in any business setting.
If your brother is pretty open minded to leaving business completely, then maybe go with CS or Baml.
pwp finished summer recruiting a while ago
BofA for great exits and better optionality outside of finance.
If you don’t want finance long term do BofA, otherwise do PWP all day. Better average pay, exits, and experience. They only group that can compete with PWP is BofA’s M&A team (hard to land that specifically). CS doesn’t play in the same sandbox.
M&A and FSG at BofA might even place better than PWP but getting into those groups can be quite challenging
Have to disagree here, or at least entertain the other side. it's been discussed that pwp is slightly falling in status relative to other EBs, and if he wants to leave finance completely the BofA or CS name will go farther. Top groups at each (BofA - M&A, REGL, Sponsors; CS - Sponsors, M&A) can certainly compare
not sure where you got the idea that PWP is falling in status. During H1 2021 they had higher combined deal value than MOE and PJT combined. They also had higher Q2 revenue than PJT and grew 128% YOY. On top of that their exits were unreal this year (just look at the exits thread if you want to find out)
PWP > BofA > CS based on exits comp & learning experience
CS arguably have better exits than BofA if you consider the thread from yesterday and the much smaller class at CS
So you work at CS?
Fully agree that CS exits well but may be better to say “on or with BofA” as opposed to “better”
Hey congrats on the CS offer dude
CS/BofA > PWP
Bump
PWP all day unless you absolutely know you want to exit to corp dev etc. BofA and CS are pretty similar in terms of what you will learn, exits, etc, but their cultures are very different. Go with the one where you felt like you connected with the people the most since you'll be working with them for most of your life for at least two years.
We need more info man. What groups at each bank? Which team did he feel like he jelled well with?
I’m a prestige guy since that’s my background and tend to favor candidates like me when hiring, and since he is not dead set on a banking career I would suggest baml. Can’t go wrong with a big name as a starting point. If he is solely focused on pay, then PWP. Would leave CS on hold forever.
Pay + better average exits to PE: PWP
Brand name so the girl at Phebe’s bar will fall in love with you: CS/BAML
The latter is not to be understated. Phebe’s forever
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