Cantor Fitzgerald M&A or DCM at a bigger bank?
Title.
For a non-diverse kid at a target, is it better to take a 2024 IB SA offer at a pretty solid bank (HSBC/Wells Fargo/Nomura/etc.) but in the DCM group or take an M&A/coverage offer at a bank like Cantor?
I am planning on rerecruiting FT since this recruiting season was quite tough and I want to have another shot at getting a BB IB offer. Was just wondering which of these two internships would set me up the best to make FT rerecruiting easier.
Thanks.
Cantor M&A forsure, would be easy to lateral to an EB M&A shop after a year, can’t say the same for Wells DCM.
Idk about this one cantor stinks
If your offer is with Wells then go with DCM, if it's with Nomura / HSBC then go with Cantor M&A. I imagine that DCM is a top group at Wells due to the company's strong balance sheet, and as for the other banks, they just don't have that strong of a presence in the US.
Can I pm you?
Their best product group is LevFin but DCM def would not be a bad spot to be
Don’t over think it. Interns never do anything relevant. Genuinely doesn’t matter which you choose. Would you rather do bitch work at wells or cantor?
Cantor 100%. Their healthcare team is good.
If you want to be right bookrunner
I’d go to Wells DCM and then transfer to M&A from there. Who knows you might even like DCM with baking pay and easier hours
really depends on what you want to do in the future.
DCM? very low chance to exit to PE/Corp Dev/Investments etc. Also in this environment, not sure if you can transfer internally that easily
M&A? higher chance to exit elsewhere, but slightly higher pay for much more stress.
if it is with Wells, take that one. Brand name with a lot of momentum in their corporate and investment banking division. Bigger presence in the states as well
DCM also seems to be poised to expand. LevFin is the better DCM group but investment grade will still be solid
If you’re thinking of MM PE or any sort of exit eventually, it’ll be very difficult from a product group.
Also, brand name-wise alone, would take Cantor over HSBC and Nomura.
Is Cantor pay still (based off what I remember) way above street?
Cantor is largely known as one of the most toxic groups on the street. Call anybody that has previously worked there and you will here unanimously negative things. Howard Lunick is also controversial and does a lot of MAGA deals (SEC suspicious of DWAC offering, BGC partners still operates in Moscow, trying to buy Rumble). Also, not that it matters, but look at the performance of the CFAC Acquisition Corp spacs that they sponsor. They bought most companies for billions and they're literally penny stocks today. Idk what the fuck they were thinking unless they simply just put so little money into their spacs and take out so much fees that it doesn't matter to them how the de-spac performs. Talking about pre-revenue companies with $B valuations.
Staffers that leave the office at 9:00PM then come back at 11:30PM just to take notes on who isn't there still and fuck them the next morning.
But doesn’t Sage Kelly carry hard for the Heathcare group?
Lol the staffer does not do this -- I work at Cantor
I'm looking at a lateral role at Cantor - can I dm you?
Do we know the base salary for An3? From previous thread, it seems like they get 110k but not sure if that is accurate.
Can anyone provide insight on comp for An3 or Aso 1? Much appreciated.
It looks like they are recruiting for laterals.
Yea they are paying fat stacks to GS / CS caliber laterals. If you don’t fit the bill need not apply
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