Guggenheim Thoughts 2022?
Have heard they lost clients, have heard they're declining. What are some comparable banks and is it technically EB/Boutique/or MM? How has the deal flow/size been?
Also, is the rise/fall of a bank cyclical or is Guggenheim declining fast and it is best to get out/lateral asap? I'm summering this year and want to be well informed as I go into it. I'm concerned about UMM/MF PE exits and don't want to be caught in a bad position.
Who has been saying that they're declining? Are you confusing them with Greenhill? I wrote about them on another post but would probably call Jefferies and Greenhill their best comps. Guggenheim has a better trajectory than Greenhill, but the latter has still managed to churn out pretty solid exits (significantly smaller class sizes). If you were to stay long-term in banking, I would definitely pick Guggenheim over Greenhill.
I'm not sure you can really call them a true independent advisory shop and I wouldn't call them MM either. They are a solid platform. Not at the same level as the top BBs or the traditional independent advisory shops. If I knew I was going to get HC or TMT, I'd almost definitely pick Guggenheim over "weak" groups at "mid-tier" and "lower" BBs.
A lot of candidates there will get UMM interviews (even some MF) although strong exits are typically concentrated within the bank's best groups. I wouldn't sweat it too much but if you want to maximize your odds at Apollo, you should aim for the GS/PJTs of the world.
Side note, there have been a lot of recent posts about Guggenheim on this forum. May be helpful to reference.
Guggenheim, very well respected, very good shop. Best shop for MF exit? As stated above, no. But top-of-street pay, good culture in (at least) some of groups and very solid exits to UMM will put you in very good shape.
Regarding losing clients? I don't know, I imagine all banks do. When that happens, banks usually reload by poaching MDs from other banks to bring in more biz.
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