J.P. Morgan generalist or Goldman Cross Markets Group
I got offers from J.P. Morgan where I place in a group later and Goldman CMG. Liked people at both. Could potentially place into JPM healthcare or sponsors or M&A…Which should I take / will have better exit oops?
Goldman CMG has terrible hours and mid teir exits, but it’s still Goldman, everyone with a JPM generalist offer is gunning for those groups so there’s definitely a possibility that you could end up in DCM or ECM if you don’t have strong connections in HC or M&A.
there's only been like 2 full years of exits since it's a relatively new group
i can confirm that exits this summer and next summer will be a lot stronger than in the previous 2 years
How can you confirm that?
I networked pretty extensively with the CMG, and I got the impression that it's a solid place to start for a couple of reasons
1. Dealflow. Based on the people I spoke with, it sounds like analysts are able to get a ton of reps from doing deals because the MM space is naturally more busy than the universe of 5B+ deals. Additionally, deal size doesn't seem to matter at the junior level, especially since most PE deals are relatively small in size
2. Responsibility. It sounds like they run pretty lean teams and analysts get to have substantial facetime with clients and be more involved in running the deal rather than just sitting on the sidelines doing menial tasks because seniors won't let you touch the models on megadeals
3. Industry Agnostic. This was a pretty big selling point for me because CMG seems like it's completely generalist at the analyst level which would give you experience across a lot of industries. I imagine that would be helpful for PE recruiting
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