JEF or JPM
If you were summering, which would you prefer? Have done tons of networking at both and just wondering from the standpoint of pay/hours/reputation and overall experience which you lot would prefer. Thanks.
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JPM for the reputation (top BB), JEF for the experience (much leaner, much more responsibility). However your experience during an internship doesn't matter too much IMO assuming this is for Summer Analyst (it's only 10 weeks, what are you going to get done anyways?), I'd go with JPM for the name on your resume.
JPM the better pick here if you want better brand name and reputation. JEF has slightly better base pay right now but JPM might end up matching by next year. Don't get me wrong, JEF's brand is getting better and growing rapidly but still behind JPM. JEF is on the edge of being classified with the BB/EBs if not already. JEF's internship program is generalist throughout the summer so you could try out a few groups before making a decision at the end of the summer if that is important.
similar spot here but Jeff vs. Citi - thoughts?
Need to know more info? What level are you entering at? Are both offers for NY and generalist? What are your goals/what do you want out of your experience?
NYC FT generalist
not 100% set on PE but would like to have that optionality in case i choose to recruit
go to a Northeastern/Nova/Lehigh/BU/Penn St level school
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For generic IB JPM, but this really depends on the group. There are a couple groups at Jefferies, namely LevFin (JPM levfin is really strong but for the analyst experience they dont touch the model and have no PE placement), Energy, PCA, RX, where jefferies has the edge.
JPM doesn't even have PCA but yeah have heard Jeff PCA is really good
Jeffries bonuses were way better than JPM
Can you provide ranges for both?
Not at Jefferies but my roommate works there and I heard AN1s were 75-100k and AN2s were 100-130k this year.
del
This isn’t even close.
Who in the fucking right mind would not take JPM out of these two options HAHAHAHA WHAT
Friend of mine summered at Jef but chose JPM for FT. He was considering the lean team at JEF for career banking vs the exits at JPM for PE. He wasn't sure what he wanted to do. Ultimately he chose JPM for FT because he wanted to keep his options open.
When people say lean team, are they staffing transactions with just an analyst and an MD? Or does it just mean there’s not separate product + coverage groups?
selling this as an advantage always sounded like bullshit to me
Nah at a place like jef it's definitely not an MD/analyst situation for deal teams. They also have separation in product and coverage. Think the lean deal teams just refers to having lesser folks on each transaction due to size but doesn't mean that there isn't sufficient staffing.
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