JPM vs MS
Hey everyone,
I'm looking to make a pretty big decision regarding my summer internship offers in London (both in IBD), and I was hoping to get some advice since I'm not as knowledgeable about reputation as others out there. :)
My criteria for making this decision have been as follows - feel free to let me know if you think anything else is vital to consider!
- Culture - work life balance, teamwork, employee benefits
- Deal flow/valuation experience - which firm gets the most interesting deals
- Exit opps - which name would look better on my CV for PE/tech?
- Compensation on the long term
- Internship to full time role conversion rate
Thank you in advance for any help!
Goldman.
RBC
1. Team dependent
2. Again, this is team dependent. But in general, you will see MS as the lead advisor on more deals while JPM tends to use their balance sheet to win deals without doing much advisory work
3. Since you are looking to exit to PE / tech, MS has the upper hand. But the difference is marginal at this point
4. On par given the recent pay increases
Both are great options at the end of the day, so go with the one where you feel you will fit in and liked the people more
I would recommend going with MS unless you felt that JPM was a much better fit. Don't get me wrong, both are excellent banks but there will be advantages going forward if you choose MS. I was also recently told that conversion rate at JPM hasn't been as good as in other banks (London) last year, but take this with a grain of a salt.
Thank you! If you don't mind me asking, what types of advantages are you thinking about?
I would say that most of them revolve around MS being a better brand so slightly better PE exits, more desirable for C Dev jobs, better profile for business school, etc. Probably better pay but can't really confirm this.
However, these advantages are marginal, they are both excellent banks/brands so if you liked more JPM It wouldn't be crazy to go with them.
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