HL vs HW vs Baird vs Blair

Currently have an offer from one of HL (non-RX), HW, Baird, and Blair and in the process at 2 others, so please don't tell me to 'get an offer then decide'. On this forum, people generally lump these four together as the top MMs, but I'm interested in the differences between them and how you guys would rank. I'm most concerned with exit-ops. Which of these four will be the best for PE (most likely) or potentially HF/B-school down the road? I'm assuming they are all nearly identical comp-wise and in my experience they are culturally pretty similar (all have a friendly, midwestern vibe with a little bit of frattiness thrown in) but let me know if I am wrong on either of those fronts. Lastly, I think I'm most interested in a vertical that will present the best exit-ops, which I believe would either be a generalist program or probably tech (I just assume tech is going to be more relevant to PE than something like industrials).

Also since I know people are going to ask, I go to Northwestern which is a big target for most midwestern banks, hence the strong positioning for MM recruiting.

7 Comments
 

If you're interested in midwestern offices and solely tech then HW is out. Their midwestern office (minneapolis) focuses exclusively on food and bev. If you're open to other industries, food and bev is (pre covid) one of their most active teams. Same "going to bat" rule applies here as it does to other HW offices, so I wouldn't worry about lack of PE opportunities.

 

If it's HL M&A NYC would go with that or Blair. Baird comes in second (assuming Chicago?) and HW a bit behind the others.

 

Can anyone comment on satellite offices for these places? I want to be in either NYC or Bos, not the midwest. How do the exit ops in these offices compare to the HQs? Interviewed at one MM satellite office and they stressed deals are pretty open across offices (for example the C&R team in three different offices could all be working on the same deal) so does it not matter which location you're in?

 

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