Best Response

Yes, have a personal connection there. I don't think most people are aware of this, but LevFin groups are usually weak. They don't do a ton of modeling, they're mostly pulling levels.

That being said, the european banks do not fit in the above categorization. They utilize their LevFin groups to do all the lbo modeling and credit risk modeling as well. So yes, levfin groups at CS, UBS, and DB are usually strong.

 

thanks man. Yup. I have pre-mba Banking and PE experience. Just trying to figure out which banking job will be a better backup position to have based on how PE recruiting goes the next couple months.

 

Lev Fin isn't one of GS's top groups, so yes, I'd say CS Lev Fin in NY is stronger than GS and even MS. They're behind JPM, Citi and BofA in total volume but in terms of doing sponsor-led/HY deals they are still very strong. You won't get a bad experience at CS Lev Fin whether it be in LA or NY and there is 100% buyside placement in both cities.

 

I think you're better of taking a job at GS or MS in a different group than at CSFB LF.

Case in point, TPG hired 4-5 kids out of GS TMT this year, KKR hired 2 kids out of GS Industrials, THL hired 2 GS kids, 1 MS kid, and for the first time ever, 1 kid from CSFB.

People will disagree with me all day long, but I will tell you until I die, that you're better off at MS or GS than anywhere else. No matter what the group, you're best off at a top 2 BB which is GS and then MS.

 

Would you still recommend going to GS if the offer was for DCM or ECM over a BofA/Bear/Deutsche industry group?

A friend of mine also has an offer from Laz/Blackstone corp finance group. In other words, they do not do any M&A, just ipos, debt offerings, secondary offerings etc. Any advice on how he should objectively evaluate that type of offer vs industry group offers from non GS/MS BBs?

Thanks.

 

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