Incredibly fortunate to have a chance to make a decision like this. I have offers outstanding from GS for ECM in New York City and from an EB (think JEF/GHL/GUG) in San Francisco and have a tough time deciding what to do with a decision deadline coming up. Comp and nature of work is probably better in the latter, location and "prestige" I guess are probably better for GS. I do have a tough time wrapping myself around what ECM will look like in the next few years given the current state of the economy. Would really appreciate some honest advice!
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ECM will always be around and be fine long term.
would you lean towards the ECM offer?
It depends on what you want to do and where you want to live. If NYC is it then GS
Comp will be pretty similar.
I wanted to ask about this actually. Wouldn't be bonus in ECM be lower than in rest of IBD? (that might be my own incorrect perception)
Comp the same until you get to VP range. Then modestly lower. Fewer hours so more on per hour basis.
Congrats on the Guggenheim offer
Terrible take
Ok Guggenheim analyst
JEF/GHL/GUG if you like the industry / don't mind SF. If you want to recruit for PE, those options will be much better than ECM, even if it's at GS.
Also first time I've seen that grouping of three banks and the terminology 'EB' used...but alas, beside the point.
Agreed, Jeff is a new face
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