Hi all, currently weighing offers from both JPM HC and PWP (have to go through the placement process). Would love to get some feedback on how both options compare in terms of comp, exits, culture, and WLB. Thanks!
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Comp and Culture - PWP by a mile
Buy-Side Exits - Same
Business Dev Exits - JPM
Gotta disagree with the above. Buy side exits is JPM HC by a mile; basically every analyst who recruited and put in effort in the past has gotten an offer at a MF/any top fund of their choice. Culture is absolutely horrendous though, especially post-COVID.
HC banker at another NY BB.
Culture - PWP wins by a mile. PWP's overall culture is pretty good for banking standards, with Industrials and C&R having better culture while HC having a reputation for having a pretty sweatier culture. That being said, even PWP's worse group in terms of culture (HC) beats out JPM HC's culture by a mile. JPM HC is insanely sweaty and the culture is terrible.
Comp - PWP by a mile.
Dealflow - Varies by group. All of PWP's groups are solid, and JPM HC is one of the best BB HC groups out there. Really depends on whether you want M&A (or RX) or the full-service BB experience more than anything else.
Buyside Exits - JPM HC. Both JPM and PWP are very strong in terms of exits, but I'd definitely say JPM HC places a bit better than PWP with MF.
Corporate Exits - JPM HC by a mile (for HC). The JPM name carries more weight outside of finance, although JPM HC's exits tend to lean to the healthcare industry obviously.
If you want exits at all costs and think you can go through 2 years of grinding with no regard for your comp, go for JPM HC. IMO PWP is the better choice if you want a more holistic balance between culture/comp and exits.
Hey all, OP here and wanted to provide closure. I ultimately decided to sign with PWP as I liked the culture there significantly more than from my conversations with juniors in JPM HC, and also realized that I don't see myself as the just-hit-the-desk on-cycle gunning for MF type of person and PWP's buyside placement was more than strong enough. Thanks for the feedback from everyone on this thread!