Generalist Programs vs. Direct Group Placement for Post MBA Associate

At the post MBA level, the biggest difference between banks seems to be that some have a pool for the first 1-2 years (e.g., MS, Evercore, PJT, Moelis), while the rest do direct group placement (e.g., Goldman, JPM, Lazard, PWP).

I'd be curious to get people's thoughts as to which route that they recommend, for those of us with interest and experience in a particular sector. The generalist programs seem like a huge disadvantage if you already know where you want to go.

1 Comments
 

Dolores in id ea. Reiciendis quidem suscipit velit dolorum fuga sed. Officiis ut voluptate sunt qui ratione.

Fuga eum non alias voluptatibus illo. Quos voluptates non in qui doloremque. Sed odit quas eveniet ea sit.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”