Centerview vs. Goldman vs. JP Morgan NYC?
I know there have been a few related forums before, but most of them are not CVP/GS/JS specific, and the one that is closest is from about a decade ago.
I have outstanding offers from these three firms, and I was wondering if anyone has advice on which to take. Most people have said to take CVP if I want to be a career banker, but I am not sure if I want to be yet, since I've never done an IB internship in the past, and I have to sign before my internship this summer. I like the idea of being an advisor for life, but I'm not sure if I'd truly enjoy the day to day of IB until I do it. TLDR; I'm open to all options right now.
CVP seems to have the best culture and compensation by far, but the other two have global brand names and resources and 2-year analyst programs.
Any thoughts on this decision? Anything would be extremely helpful.
Truly depends on what you’re looking for. CVP may have better culture and pay but having Goldman or JPM on your resume is also worth the investment because career prospects can look better for you if you choose to exit banking in the future. Brand names on your resume can take you very far but if you want to stay in banking long term or want to completely exit finance after a couple of years then CVP is the way to go. I’d try to build out a career path for yourself and then make the decision.
JPM does group placement right before the internship starts so there's a risk that you could end up in a bad group.
If you have a group specific offer from GS it is worth considering. Regardless, I'd still choose CVP any day of the week. If you want to exit to anything finance related, the difference in brand name is negligible while the difference is comp is not.
Besides ECM/DCM, what groups at JPM would be considered bad? Feel like they’re top 5 or higher in almost every industry and top 3 in M&A.
Considering whether or not to try to lateral for FT from a very good group at a mid BB and would appreciate any color you (or anyone) could add.
Centerview, no question for me. GS isn’t what it used to be and Centerview has the same prestige / exit opps within any finance circle + best culture and compensation + generalist
What do you mean GS isn’t what it used to be…? They’re still #1 in league tables every year. Also GS TMT (specifically tech) is head and shoulders above any competitor when it comes to fees generated. Pick any high profile tech IPO or M&A deal, and there’s a 90% chance GS TMT was lead left on the IPO or lead advisor on one of the two sides of the m&a deal. Yes, their comp absolutely sucks but the GS brand / reputation is still #1 on the street and it’s not even close
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No doubt GS is still a great brand, but the analyst position at GS has lost a lot of its competitive advantages. Comp is ass, culture (group dependent ofc) is broadly lacking, benefits are bare bones and league tables don’t mean shit to juniors (also a function of headcount).
Reason why I say it’s not what it used to be is because you can get the same exit opps, better transaction experience, more responsibility, much higher comp, and better culture at a variety of other banks — with Centerview at the top of that list.
I say this as an ex-GS analyst. Lateraled out and haven’t looked back.
wait how do you have GS offer right now? I thought their accelerated SD happened a month ago and apps haven't opened for regular?
Hate to break it to you, but diversity students at my non-target have had GS since March.
No I get that but my point is don't offers expire within 2 weeks? so is OP reneging something?
GS TMT/FIG > Centerview = JP M&A > GS Other > JP Other....imho
CVP with my eyes closed. But congrats on getting all three, big accomplishment.
I strongly prefer EBs, so I would definitely go with CVP, but I see GS TMT and FIG being just as good. JPM M&A as a close next. Overall though, unless you get a top group at the BBs, go with CVP no question
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Probably easier the other way around
Why?
100% the other way around. BBs, even GS now, are constantly scraping for talent given their turnover. CVP on the other hand has relatively low attrition, high A2A rate, and a very tough and rare lateral process.
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CVP > GS (sans FIG, TMT) > JPM. OP you should know that any recruiter at MBB, and overwhelming majority of other prestigious roles will acknowledge how great CVP is. You might be SOL if you become a FAANG software engineer, but pretty much everywhere else CVP is well respected (among pedigreed circles).
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