choice between ML London and CS NY
I want to do M&A work. which would you choose?
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not analyst
Credit Suisse by far, I had an offer to work for one of their groups and have several friends who work in their M&A groups...it's a good/fun place to work as far as IBs go, and you also get good experience.
Not to mention, why the hell would anyone want to work in London over NY ?? Europe sucks in general compared to America, both in terms of work experience and social life.
Probably CS. Good life, good name, strong M&A groups, but the more germane question is where do you want to be a few years from now? London does a lot of execution for EMEA (europe middle east and africa), and if you want to work in any of these regions then Londons not a bad choice, esp with a firm like ML.
Then again, being a Wall-Street banker carries its own weight. If you're a london banker, you're likely more knowledgable about the EMEA region, but you're not that big of a deal to others in Europe because they see London bankers al the time. On the other hand, when the wall street cats fly in, everyone sits back and goes 'alright, these are the New York bankers, lets listen up'.
If you want to stay in North America, take CS. If you want to work in EMEA, I would again say start off in NY, then move to London in a few years. A new york banker is a new york banker.
would your analysis change if I told you the CS offer was for a specific group that only did origination?
I suppose. Whats the ML offer then?
just a generalist summer offer
go to london for a few years and experience a different culture, then move back to NY.
I don't even think London exists anymore, more like "Londonstan". I think Paris is probably worse though, last time I was there I saw a bunch of "ethnics" running around firebombing cars, pretty cool stuff.
On a side note... Europeans are fucking gay; they act too fruity. Brits seem to be the lesser of the fruits though compared to the French/Germans/Scandinavians etc.
I agree with onickjo. Move to London and broaden your horizons, get some new perspectives. I'd go with ML in London. Some of these comments here really amaze me "europeans are fucking gay", "work culture sucks as does social life" - I wouldn't really listen to those guys if I were you.
agree with mash. just take a look at assholes like seanc and der bankier and form your own oppinion.
Agreed. Ignore this London sucks bullshit, its a fucking brilliant place to be. Take the Channel Tunnel to Paris on the weekends, chic clubs, sexy women with slutty british accents. Also appreciate the no-nonsense british attitude.
Deal size and flow in London is comparable to NY. In fact I think the # of IPO's filed in London were higher than NYC this year (since they service a lot of pan-European deals). Life in London is brilliant, albeit a little expensive. Personally had an offer from a top BB in London, and I was sort of facing the same NYC/London dilemma. While i was really inclined to go for London to 'broaden my horizons', I took NYC because I can always do London later on in my life. Its easy to go from NY to London, harder to get into NY FROM London.
I'm an asshole for stating my opinion ? I just feel that most Americans wouldn't adjust well to life in Europe.
I've been to London and other parts of Europe many times and I can safely say that it doesn't compare to America at all in terms of quality of living. Everything is smaller, slower and inefficient. The people in general are surly, rude and boring. The wierd accents get tiresome after a while. I could go on but I'll stop there.
Europe is America's playground, we don't actually want to live there...
what of the choice is now between ML London and DB Commercial Real Estate (NY), HSBC (NY), or Citi Lev Fin (NY)? I assume ML would be the answer.
that's why europe and china are the biggest lendersto the US so they don't go belly-up with their high spending and budget-deficits. Where excactly does the euro-dollar stand these days? doesn't look like you can afford the euro prices for companies and the red commi bastards and cultural europeans are buying every US company that's worth buying. sorry for the reality check SFF
That's just the American traitors selling the country out. We shouldn't even be trading with a communist country like China in the first place. Are laws are all screwed to hell from bribed politicians but we're still way richer than the average European. I think I read somewhere that 1/3rd of Europe's population would move to America if they could.
You're a dumbass
Go fuck yourself.
http://www.taemag.com/issues/articleID.18720/article_detail.asp
That's the problem with us Americans these days, everyone just talks and complains. Stop whining and get shit done yourself if you're so tough.
missed the part where a third of europeans stated an interest in moving...
You people are ridiculous.
I'm American, am going to London to work in IB. I've lived here for a while. It's really fun, the members-only clubs are awesome, housing is NOT more expensive than NYC, and you can get to Paris, Barcelona, Madrid in a few hours. The people at banks here are really international, and you'll get a better experience. Also the deal flow in London was larger than Wall Street this year.
PS ML's office in London has the largest trading floor in Europe and it's an amazing building.
So you don't miss America at all ?
I can't stand those snooty Brits.
The taxes aren't 60% in London. And there are big cars here, I've seen SUVs and huge S Class Mercedes in the nice neighborhoods. Since when are houses huge in cities? Do you see mansions in Manhattan?
You really don't know what you're talking about. Living in London isn't significantly different than living in Manhattan. Except the people you meet will be more international--banks have people from Italy, France,UK, US, Russia, Germany all working together here. Oh yeah, and there are more green spaces. My friends are paying $1500/month in Murray Hill with 5 guys living together. For that I can get a 2 bedroom/2 bath flat in London within a 10 minute commute to work.
I've never even been to NYC. Here in the Midwest everyone has a big ass house and they cost next to nothing. Mostly everything here costs next to nothing and the people are really friendly.
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