11 Comments
 

I don’t necessarily agree. There are a lot of great MM firms out there. I think it also depends because a lot of MM’s with name brand will have decent exit opps (ie. Jefferies, RBC, William Blair, Raymond James, etc), whereas some other low MM firms might not have as great of an opportunity. Breaking into banking is a great step in the right direction and there are always opportunities to lateral which is lower stress when you have a job secured at the current MM you work at.

 

I would guess there’s some truth to this.

Nerdy analysts who have no life outside of their finance jobs would agree with this guys statement, and definitely care.

Everyone else in the world, including future prospective employers, will probably not care. I know several people that have started at MM and are now at top banks. Sure, it’s harder to jump from MM to Goldman than it is to jump from Goldman to another premier BB, but it’s still very doable.

What the heck do I know anyways

 

mergelord11

Sure, it's harder to jump from MM to Goldman than it is to jump from Goldman to another premier BB, but it's still very doable.

What the heck do I know anyways

Idk if it's even that hard. There are a ton of Goldman bankers on LinkedIn that I've observed who came from places like Cantor Fitz, TD Securities, Truist, etc. Just do a quick search for Associates at Goldman on LinkedIn. I did a 5 minute one just now and it looked like over 50% of them are MM laterals. After all, where do you think they are going to get quality Associates when all of their own Senior Analysts and those at the other BBs end up in PE? 

 

Great troll by the HF turd but also that's stupid as shit. The way I see it there are precisely two situations where being at a BB is helpful. 1 is if you're looking to exit into a top-tier, massive PE fund. 2 is if you're a senior MD who gets paid according to his group's P&L and you're in one of the higher producing groups at said BB. As far as at the Associate/VP or even Director level there really is no benefit to being a career banker at Goldman/Citi versus Jefferies/Blair. Hours suck the same if not worse and the pay isn't meaningfully better (sometimes it's lower) than EBs or MMs

 

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