GS FIG vs JPM FIG
I know these two are neck and neck in competition for deals -- I think JPM actually has recently topped GS on the league tables. Which group is doing best?
I know these two are neck and neck in competition for deals -- I think JPM actually has recently topped GS on the league tables. Which group is doing best?
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Genuinely nobody cares it’s FIG have fun exiting to McDonald’s
JPM FIG honestly is doing better at this point. All that's left of GS FIG is their legacy (+ it is filled with Asian beckies for some reason)
Exits wise, you'll be fine from both
ngl at the MBA level they only have Asian beckies lol
what lol?
What is an Asian Beckie ?
a becky that is Asian
A corporate beckie is a woman who sucks, does everything by the book, gets offended by any slight, will dime you to HR, is a rat who regularly tells other people (including your managers/bosses) things you said or how you really feel about your job etc. In other words, not a human being you want to associate with or be around and I can confirm that GS FIG has a few and they are not only the Asians...
GS fig exits anywhere tho somehow lol
GS analyst alumnus here had two close friends from UG in FIG. Can confirm that the group is one of the worst if not the worst culturally in the entire IB at GS (still hard to beat industrials) and most of the midlevels are utterly incompetent. There were a handful of exceptions I heard about of Associates / VPs who were smart and had good pedigrees but I think they are mostly gone now. Also believe that it is extremely political and not really a place where the best and brightest rise, it's more about who is in tight with the right partner. Group is split up into four verticals and each one is basically a separate group within the group, no real opportunities for cross-staffings.
JPM has a brand new building and a much better rep in FIG if that's what gets you going. I do have one friend who is in M&A at JPM and while hours are brutal, he seems to like it just fine. I will say GS FIG definitely had some very good exits at the analyst level, but if you aren't capturing that alpha and are thinking about a career in FIG IB or are entering at the associate+ level, this is a group to be avoided at all costs. Forget about the prestige and what people on this site who don't have direct experience say, that stuff goes away after two weeks on the job. New group heads are apparently both weirdos too which likely permeates throughout the entire group. Good luck and PM if I can be helpful otherwise
Disregarding exits (I think PE is a little scary to enter at the moment), do you still suggest FIG? Or is M&A / another cov or prod group better
GS doesn't have traditional product vs. coverage groups; both are combined into one team in 'classic' groups. M&A at GS is just a support group for the classic teams. If you aren't focused on exits FIG should be your last choice next to industrials. That said, get an offer then you can worry about these things...
GS FIG is probably the worst IBD group, up there with Industrials. Historically the exits were great but nowadays you can get similar exits from other good-strong IBD groups. Also, the verticals are beyond boring, even the "cool" fintech deals will be done out of the TMT group in NYC/SF
Do you think it’s worth going into FIG in general?
Can't speak to GS but JPM FIG has some genuine creeps / psycopaths so be careful
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