35 Comments
 
Controversial

Personally would take JPM. Because of the brand name recognition across industries. I also think PWP being a rising star is uncertain given it’s really only been 1 year (my answer would probably change if this was PJT, EVR, or CVP M&A). With that being said, this is just my personal opinion. Obviously pros and cons to both. Congrats on the offers.

 

PWP for better exposure and pay, with the same exit opps. If you plan to leave finance take JPM for the name Rec.

 

I’d rock w PWP, being at an EB is just so much better than a BB imo.

 

Congrats to your friend. Both seem like solid options. I would think if they are dead set on leaving the IB space to go to PE/GE/VC, it might be better to go to a more high-growth type bank like PWP as compared to a blue chip, career-type place like JPM. My gut is telling me that at a place like JPM they may have a stronger preference for you to stay as compared to a larger place but idk so much. I don’t know the specifics of GE/VC recruiting but do have some exposure to PWP and feel good that a PWP analyst in general has a meaningful chance to move into PE and would think GE/VC maybe too depending on if they can get exposure to those types of deals / if PWP works on those kinds of deals / companies. JPM definitely does a lot of stuff but it’s such a big place that hard to know exactly what group and all that. Maybe JPM Tech could be a better option for GE/VC exits / type work as compared to just PWP generalist and/or JPM M&A may be better for PE exits / type work than PWP generalist. But I don’t know for sure. Just trying to share some advice that I hope may be helpful based on the limited amount that I know.

 

I'm a second-year analyst at GS/MS but would go to an EB if I were to choose again. Doesn't really make any sense to compare a BB's total deal volume with EB. Based on what you said, CS would have a higher deal volume than Evercore/PJT/Moelis and thus be a better place for analysts, which isn't even close to the reality.

At the junior level, JPM's groups are way too big and too many financing deals are involved (being a balance sheet bank), so analysts won't get the technical training they need, and JPM's mediocre exits also reflect that.

 

first of all I’m not even taking about financings. All those 600+ deals are M&A.

second evercore did 388 deals with a combined value of $1trln and that’s more than Crédit Suisse , which did 321 deals with combined value of $800m so you are wrong 

all of you, analysts, interns and college students! Please do your homework and then start arguing. PWP is too overrated compared to all US BB. Kudos to their marketing team, HR online presence and their alumni on WSO website. In reality they are shit.

also please do your homework before arguing otherwise it’s just too apparent that you are bottom bucket who don’t do their DD

 
Most Helpful

Not sure what League Table you’re using but here in the US, we use Financial Times YTD in the US. Doesn’t make sense to compare Global deal volume of JPM, which does business in all continents including Middle East/Asia/Africa, with PWP (mostly US and UK presence). CS clearly earned more M&A fees than Evercore YTD per link below.
https://markets.ft.com/data/league-tables/tables-and-trends/mergers-and…
The point is analysts at JPM will spend the majority of their time on financing deals, which are profitable to the bank but not productive from a junior learning perspective. Also calm down man, talk to any major headhunters in the US and you’ll hear the same

 

Def PWP. Great exits, deal flow, pay, and culture. You also don’t need to worry about being screwed over by group placement

 

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