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I work at one. Most MM banks specialize in sell side M&A so the work is less technical on one hand (you probably won’t do many A&D analyses, merger models, etc) but on the other hand there’s a good chance you work on mostly or only M&A, you’ll get more responsibility early (there’s fewer hands to go around so people are more likely to just toss you into tasks earlier than they would at a bigger bank) and your MDs are more likely to know your name (I could walk into any of my senior bankers office and talk to them if I wanted to, while some of my friends at bigger banks have MDs they work with who don’t know their names)

Overall though it’s still investment banking and the work is the essentially the same. If you’re at a Baird / Blair / Harris Williams / Piper / etc you’re doing the same shit for the same hours for the same pay as people at bigger banks by and large just with smaller companies and you can get the same kind of exit opportunities just at smaller funds / less well known companies.

 

Okay so I have a real question as I have a "superday" next week with a MM bank where i networked extremely hard and got the backing of some MDs.

This MM is a sucessful one and is in my hometown and seems to have a great culture. Basically a near ideal scenario (short of GS being based in my city).

On the other had, I have a data science / analytics / consulting offer with a BB bank in a not amazing city (the team is being moved out of NYC, but I have my pick of some cities). So i would learn some VERY marketable skills (machine learning, big data methods, more programming than I already know), but worse city, worse pay, and not IB / FO. Any thoughts on this?

I am 99% on taking the MM offer if I get it for various reasons, but I don't know if that is too shortsided

 

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