Guggenheim Updated Reputation/SA 2022
Any thoughts on Guggenheim's culture, comp, exits, and current reputation relative to other firms, etc?
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also wondering this
If you have no other offers then it's worth committing. If you have other offers then you have a decision to make.
You never know how brutal the hiring cycle will be this year - having an offer from a reputable bank like Guggenheim is 1,000x better than winding up with no offer because you turned down Gugg in hopes for something more "prestigious".
where does it fit in prestige-wise? i have a superday with them this week and its hard to find any information
markets.ft.com/data/league-tables/tables-and-trends/mergers-and-acquisitions
If I had 2 offers, one from Guggenheim and one from those ranked banks, then I'd pick one of the ranked banks. If I had just a Guggenheim offer, I'd accept the Guggenheim offer and never look back. That's my personal opinion, though there are plenty of reasons to go to Guggenheim over these ranked banks, depending on what you value most.
If I were in your shoes with a Guggenheim superday but no offers in hand, I'd try my absolute hardest to get the offer. If you want another bank for "preftige" reasons then win the offer and see if the other bank will accelerate. If they won't (most banks really don't care to accelerate nowadays - take it from my experience last year), then accept the offer and don't look back.
Seriously, any offer is better than no offer. Sandbagging the superday because you think the bank isn't good enough for you is just a STUPID move.
Isn't Guggenheim considered an EB?
Pretty much but wso has a hard-on for gatekeeping "eb" status
Realistically yeah, they deserve it. And Greenhill should probably drop out. But people are really insistent on keeping the BB / EB lists ossified. For bulges this makes a little more sense (regulation and lack of desire will make it unlikely that contenders like RBC or Wells expand to being truly global) but EBs were all built by just poaching random rockstar MDs, and most have spotty global coverage. I don't see why Guggenheim should be left off of that list.
Have interviews started? I was told they wouldn't kick off until May
^
I got an assessment from Guggenheim Chicago last week and just got invited to first round interviews for April 28th. They mentioned second/final round of zoom interviews is May 4th.
Should definitely think twice before rejecting them. Though everyone on this site clearly doesn't agree, lot of people think Guggenheim's already EB status, they're one of best paying firms on the Street, supposedly good culture and really strong groups in media/tech, healthcare and RX. Of course, if you're hellbent on MF PE, there are lot of firms better for that. As people on this site have said, recruiting can be a crapshoot, and people don't always end up where they "belong" ( put that in quotes because lot of people on this site think candidates "belong" at certain firms based on stats/schools)
Not sure how exits are considering I’m just an intern, but I’ve networked with gugg extensively and it seems like a great place to be.
Pay is above street, everyone I’ve spoken with has been extremely nice and helpful, and they’ve been growing pretty quickly. It’s definitely near the top of my list.
Who cares what people on WSO think. Guggenheim is a great shop, an "elite boutique" as people say (no one uses that term outside WSO). Analysts do go on to MFs, it may not be the norm but the fact that many go from every class means that if you're a top analyst, you have the opportunity to as well. UMM/MM exits are more common (which is true for any bank)
Bro, go to Gugg
Gugg is an amazing bank and to hesitate to sign because of what some nerds in the class of 2020 posted two years ago would be very ill-informed. Very good RX practice (Millstein acquisition), coverage groups are decent, some are particularly sweaty and kind of dreadful (tmt, lookin at ya) - but that's just banking anywhere. +1 on everyone that has said if you get the offer to sign and not look back. Definitely an EB, they're better to be at than Roths/GHL nowadays and have better exits than some of the bulge bracket banks and international banks too (DB, UBS, RBC)
Interviewed at their Houston energy location earlier this week. Think interviewer said if you're advancing to the super, they'll contact you on Friday. Nonetheless, has anyone heard back yet? I don't know how they're going to jump to supers already with just a 1st round 20 min phone call. It was super easy
Rx superday this week
Anyone else land Gugg Chi MM offer?
Did you? Are offers out for Chi office?
I did
Yup, got my offer yesterday
Good place. Best of big bear stearns.
Anybody hear anything about NYC?
Offers were given out today.
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