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.

23 Comments
 

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?

 

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.

 

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.  

 

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