Hi guys,
Just wanted to solicit some advice. I'm currently looking into opportunities for the summer of 2019 and am fortunate enough to have offers at 3 out of the 4 places listed (Goldman NYC, Moelis LA, JPM NYC, Moelis NYC). Does anyone have good insight into where I could potentially get the best experience based on the follow attributes:
--culture/hours
--mentorship
--deal exposure
--exit opps
I know these are incredible opportunities and could really use some advice. Thank you guys in advance!
GS NYC > Moco LA > JPM NYC > Moco NYC
Can you please elaborate? I personally know of someone who took Moco NYC over GS NYC...
Cool. What do you want me to elaborate on? Moelis is more of a sweatshop than GS with equal or lesser exits. The LA office is better than the NY office for exits.
i think goldman is the clear winner of the east coast ones, but Moelis LA is interesting- its supposed to be amazing and if you want to live on the west coast, probably your best option there
hey mike thanks for your response... do you think there's value in having a more generalist experience vs. being in a specific industry group
If you don’t mind the west coast then Moelis LA is probably the best
Moelis LA > GS NYC >> JPM NYC = Moelis NY
Moelis LA is supposedly the grindshow of all grindshows. Not sure it has any exits advantage over GS, so unless you want to be in LA...
And would definitely toss Moelis NY and JPM
thanks brian for the response ... I know itll be a grind... do you think being in LA puts me at a disadvantage for east coast recruiting at all?
I don’t know much about that, sorry. But if you want to be on the east coast after banking, why not just take GS? There’s no NY firm that won’t interview a GS NY analyst who’s solid.
Are people really saying Moco LA > GS NYC? Unless you really have some major factor pushing you to the west coast, I think the answer is pretty obvious.
Second this.
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haha fair. i'll probably spread my net wide for advice. seems like there might be differences between specific groups in GS as well? thanks for your input.
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Would toss out JPM NY and Moelis NY like other posters have mentioned above.
I think between GS NY and Moelis LA, it should be a debate on EB vs BB. Obviously, GS has the bigger name outside of finance and gives the most optionality. But with GS you also have to go through group placement whereas you get a real generalist program in M&A and RX with Moelis (which, given your username, may be attractive). Honestly, Moelis will work you hard, but the top groups in GS (TMT, FIG) will also be sweatshops. As for exit ops, both are stellar. GS is GS and will get you an interview anywhere. Moelis LA is absolutely filthy in the west coast and have heard of people who were able to recruit in NY (apollo, centerbridge). Moelis will also probably pay you more.
I agree. Thanks so much for your input. For me right now it's a lot about EB vs. BB, a generalist experience vs. an industry group. I think in terms of working hard, I'm not factoring that into my decision too much, that being said I'm not in the industry so all I know is heresay. Is PE recruiting out of the west coast for east coast spots relatively hard? (idk if I prefer either coast) or is recruiting out of the east cost for west coast PE easier?
If you dont know which coast you would prefer then I wouldn't put too stock right now on that argument. Typically the latter is truer, but that's moreso because most firms have a better NY office than their west coast office. Moelis is an exception to that as you know. When I was recruiting I was told by an analyst from LA going to NY that most people in that office are from the west coast and just prefer that coast. He personally went to NY for a week and recruited. That being said, a lot of groups at GS is going to place super well too. I would be more concerned with EB vs BB if I was you.
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