Interested in the difference between recent or historical exits from GS (non TMT/FIG) and BofA top groups (M&A/FSG/LevFin/REGL).
How significant is the difference between TMT/FIG and M&A/FSG/LevFin/REGL placement?
Thanks in advance!
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Probably pretty similar. But huge dropoff between GS shitty groups and BofA shitty groups
What about GS top groups vs BofA top groups?
Literally not even comparable
This is a joke. It's a massive difference. GS TMT/FIG > Industrials/HC/CRG exits >>> BofA M&A/FSG. The brand and average calibre of people is just completely different. I worked at BofA and have friends at GS
Okay intern
I heard everyone in GS classic groups got the same HH emails so why is there a disparity between TMT and FIG and the other groups
Getting a HH email and actually getting a job are completely different. I work in an average group at a mid tier BB and still get emails from HH about PE roles at KKR, Carlyle and Apollo. It doesn't mean they would hire me (I also don't have a desire to work there but that's a different topic).
GS's caliber at people is fascinating, at the top, yes many out-match their peers at other banks. Bottom half, same if not worse. Friends in various groups at GS all say nepotism is rampent there, mostly the hirinh of clients children, many of which are awful. It might be fair to say not many are still at the bank after the associate level but GS definetly still has its problems. BofA M&A, REGL and lev fin placements are generally pretty great, a lot of MF and UMM funds. Lev fin might be trending down a bit, not due to the bank itself but the rise of private credit firms who are taking financing share away from all banks, meaning your lev fin experience may not be as good given your deal experience would be worse than before
I’ll take top ten people who didn’t work at bofa
Working on the buyside, and interacting frequently with bankers (across BBs and EBs), I can tell you, when you take out the odd outliers at both ends, all banks are pretty much same calibre on average.
FYI M&A isn't quite a top BofA group.
In terms of MF exits or relative to other M&A groups on the street?
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