EB (EVR/CVP/LAZ) vs MBB (Bain/BCG)

Option 1 - EB (EVR/CVP/LAZ)
• Hours 65-90
• Culture is reportedly rough
• Deal flow is low right now, not a lot of deals that can be put on resume
• Work would skew toward pitch work
• Was told MM PE recruiting is realistic but MF is tough to compete for against the generalist groups at peer EBs/BBs
• A&A promote in 2-3 years

Option 2 — MBB (BCG/Bain), non-NYC
• Hours 65-85
• Culture seems good
• Works sounds more interesting vs pitching
• Exits are strategy/corp dev roles, PE is doable but difficult (?)
• Promotion in 2 years

Other context: Prefer NYC as a city but not by a huge margin, generally agnostic. Not 100% sure that I want to do PE but seems like a realistic/natural next step given my levfin background. But also very interested in Tech strategy role.

Main hesitation on the EB is that a low deal flow seat seems like a tough place to spend two years if the whole point of banking is reps. Main hesitation on MBB is that it closes the investing door pretty firmly.

For anyone who’s been in either seat — how much does deal flow actually matter at the analyst level, and is MM PE off an EB with thin flow realistic?Appreciate any thoughts.

2 Comments
 

not sure how any of those 3 EBs have low deal flow (esp EVR/CVP + LAZ banner year).

Depends on the group for sure, but if truly bad deal flow recently in the coverage group across all banks, i'd recommend consulting. If firm specific, it is manageable and you could probably level up

 

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