How is life at a MM Investment Bank?
Obviously there are a million topics on life at BB banks. But how is life at a successful MM bank? Is it much the same, or does the reduced number of new analysts and smaller teams make for a very different vibe
Obviously there are a million topics on life at BB banks. But how is life at a successful MM bank? Is it much the same, or does the reduced number of new analysts and smaller teams make for a very different vibe
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Really depends on the group, but I really liked the team I was on. My group had less deal flow than the bigger firms so it was a lot less work, but they still paid us about the same and I got a pretty good experience
Highly group dependent, much wider variance in terms of experience. I would say in my experience it’s less complex work but a lot more direct responsibility.
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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