Hi,
If you had offers from Lazard NY and DB London for their 2014 FT Graduate programs (IBD), which one would you choose and why? Which one is the best in terms of PE exits? Thanks for your thoughts!
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Lazard
I'm leaning towards DB London.
Lazard it is
I think it depends where you want to live in 2 years after the analyst program is over and you have to look for new jobs.
His ultimate goal is PE. I don't think location is the most important factir
I'll probably try to live in London after the analyst program and I wonder whether a London-based PE fund would value an IBD experience in the US.
If location doesn't matter and the DB offer is generalist I'd go with Lazard NY
There are unsubstantiated rumors, but I've heard Laz is having some trouble internally...
I think that's referring to the capital markets group (ECM) not its advisory practice
I think that's referring to the capital markets group (ECM) not its advisory practice
Yeah I know the the capital markets group is having trouble, but this is actually Laz
another vote for lazard.
Lazard
I think it really comes down to where you want to live. LAZ NY is no doubt a top notch M&A shop, but DB London is the equivalent of GS NY; they are exceptionally strong in Europe.
Not sure how US IB -> London PE works, but definitely know some people that went the opposite direction. Could also try and transfer within the bank. Not sure how easy it is to do at LAZ, but it is very easy to do at DB. Know several individuals that have transferred to different offices all over, including London.
thanks for your anwers! I know DB London is really strong but I am not sure I can get into their M&A group while at Lazard they focus on M&A/RX
Lazard NY
Lazard NY by a mile
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