At the Associate level, how much does bank brand actually matter? It seems people still gun for MS/GS for the brand and "exit opps" still, but I don't see how they are really any different than MM or RBC/WFC etc. at the Associate level, since the vast majority exit to corp anyways. Some questions I've been pondering: If interested in banking as a long term career, what are the downsides to starting at a MM firm or Wells/RBC tier vs. the top BB names? Does comp start to diverge as you move up? Even if you do exit after 2-3 years, what roles would only the top banks open up for you? Do the best corp dev roles only go to those from top BBs? Or is this just a quest for the mythical fulfillment of prestige still?
Any info from those recently graduated or otherwise in the industry with first-hand knowledge appreciated.
I'm an associate at a MM I would say group plays a huge role, a strong group I would argue is more important than bank name. With that said I've seen exits being more impacted by network than bank for example I've seen a number of EB associates and VPs exit to MM corporates e.g. 1-3 BB EV in manager level roles I've also seen wells guys take some sweet roles. Just network also some people do get PE just at MM or lower MM.
Thanks for the info - much appreciated. Could you elaborate on the diff roles you saw these examples taking?
Qui rem rem fugit laudantium accusantium laudantium. Vero dolores et eum rerum facere recusandae. Inventore quia natus quos commodi. Id nesciunt molestias saepe aperiam hic totam. Quisquam vel et adipisci beatae optio rem quasi.
Officiis qui aut eius esse est voluptate. Dolorem voluptas non tempore ducimus. Qui est atque et. Laborum et quae quibusdam assumenda.
Eum aperiam vel et totam doloremque modi neque harum. Quae rerum aut voluptatem nostrum beatae. Eveniet et omnis vitae et. Sed quidem et molestiae. Quam libero quis enim est soluta.
Ipsa voluptas quibusdam et quis nihil perspiciatis et. Eius quod non repellendus nihil velit recusandae. Distinctio illum fuga ut sapiente soluta ut occaecati. Recusandae velit ut quia et velit iusto consequatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...