JPM vs. MS vs. PWP vs. RBC London
Have ACs upcoming for all four firms above. Should I get offers from all four, which one would choose or how would you rank them? And based on what criteria?
Thank you
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Bit late for ACs - what start date are you recruiting for? Anyway without doubt MS > JPM >>> PWP >>>RBC
only real top boutiques in London are Rothschild and Lazard but comp and exits for pwp will still be much better than RBC which is still a solid and growing MM shop.
Good luck on the ACs, hopefully you land one
Thank you!!
cries in "prospect"
My terrible CV, grades and interviewing skills doesn't make the advice any less valid ;)
I will get MS for this, but depending on team MS and JPM are equal / splitting hairs. PWP is a good backup and RBC London should be a last last last (your should keep recruiting) choice.
Makes sense, thank you!
JPM = MS > PWP >> RBC
MS>JP. Insecure JP interns at it again
MS > JPM = PWP >> RBC
Inaccurate - Check the leagues tables
MS / JPM will give you well rounded expertise if you start there. can't fault these choices. bit of a difference in cultures and deal style (e.g. JPM is all over PE deals as well as corporate and goes down the scale to do smaller deals, MS sometimes less so).
PWP i don't have a good view on because in my sector they haven't been very relevant. Good brand name though. works if you want to try boutique life
RBC should probably be your default option, and if you get there the best options are leverage finance & infrastructure. Infra is actually a good team with serious M&A dealflow. levfin has grown a lot and now has good leadt left deal flow. both enough to 1) develop skills and 2) create some decent lateral opportunities.
levfin is the easiest way to end up as the debt guy. I wouldn't start there for breadth of exits.
RBC is absolute dog shit anywhere except US/Canada. During internship, fees the European team brought in were 2% of overall budget. Can’t speak on the other banks.
Nah their PU&I team is actually solid. Less corporate focused (like a BB) and do more asset / sponsor deals but one of the best in EMEA in that space.
Get the sense that the other industry teams are not great though.
This is really weird logic. If the European team is significantly smaller, why wouldn't they bring in significantly smaller fees? Next you'll be saying DB>Centerview because it sometimes ranks higher on value tables. You have to make arguments per capita.
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