Can anyone help changing my attitude towards MM banks?
I work at one of the decent boutiques and today had a call with bright alum, pretty nice convo. At the end, he asked my thoughts on bank, a MM he’s joining for FT. I started answering with almost condescending “hmm” followed by some general, unhelpful info.
I feel kinda bad about my attitude and believe people at a few places are programmed to look down MMs. I always thought I’d rather do CB at a BB than joining a MM and some of them aren’t even real IB. (And they have the audacity to claim they are) I further believed (might still do) a large part of student community is fooled by their better culture/WL balance slogan (they are worse, you’ll have to do everything youself, deals are less interesting, limited exits, many work even more)
Can someone change my mind so that I may one day having a genuinely nice convo at a Wall Street bar with people at MM?
What a shit post
Define MM. Do you mean foreign balance sheet banks that mainly do MM/UMM deals? (BNP, SocGen, Nomura, BMO, TD...) Or top MM-focused corporate advisory firms? (HL, WB, Jefferies) Or regional, often no-name boutiques? MM is such a broad term that it doesn’t mean anything tbh
No one with this kind of attitude is going to go far in life. Stop thinking you're so great because you work at some random boutique that 99% of world doesn't even know about. It seems like you determine your whole self worth on the fact that you work at some "decent boutique", which begs the question of why you couldn't land an offer at a top boutique or BB. Does that mean that those people above you should look down upon you? Learn to get a better attitude about people regardless of where they work and maybe you'll have a "genuinely nice convo".
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