I have an offer at both Lazard and Deutsche for SA. Which one should I take? Heard Lazard is brutal with hours and Deutsche is way more reasonable... but better exit ops and reputation at Lazard.
Also am on hold at JPM and GS-- should I wait those out?
| +197 | Americas M&A League Table Q2 Updated | 79 | 1h |
| +142 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 38 | 21h |
| +131 | Restructuring: Anti-climactic Experience | 34 | 1d |
| +101 | IB Net Worth / Savings Check | 47 | 9h |
| +91 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 24 | 11h |
| +77 | Stop sleeping on UBS - it’s pretty good | 26 | 16m |
| +51 | 2026 VAULT PRESTIGE RANKINGS | 29 | 1d |
| +39 | AI + Financial Modelling | 12 | 22h |
| +28 | Summer before college | 17 | 11h |
| +27 | Hardest interview experiences? | 16 | 20h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Call GS and MS tell them you have exploding offers from 2 competitors and ask them to give you offer.
Well, Lazard is extremely prestigious, so if that matters a lot to you and you can take the brutal hours, go with Lazard.
Lazard over Deutsche Their prestige will give you top excellent exit ops. Also from what I heard the reason there are long hours is there is alot of work. Lazard hands down. Also I would let both JP and GS know your status.
yes definitely let the two others know and put some pressure on them.
Lazard vs. Deutsche = Lazard hands down as the others have pointed out.
Regarding whether or not you should wait out JPM or GS, it really depends on whether you are settled with Lazard / Deutsche. If you are 100% sure you are takingLAZ / DB, don't even bother calling the other places, as it will look bad on you if GS/JPM extends you an offer and you turn it down later.
If you are not 100% sure about taking LAZ / DB, call the place that you want more (JPM / GS, but not both) for the reason stated above.
Force DB to give you their Levfin. DB Levfin >>> Lazard any IBD group and will give you the skills you need for mega fund PE.
Lazard without question. Top shelf prestigious name around the world. If you are still considering JP Morgan and Goldman I would wait to see what develops. But if nothing further happens you still win big with Lazard.
I have only heard good things about Lazard. That's a nice problem to have though. Congrats on the offers.
Lazard is in a different league from Deutsche
And yes call jpm or GS and tell them you have a deadline, although I would pick Lazard over both
hahah how is this even a close comparison? It's like GS vs UBS. Obviously take Lazard
I agree with above how is this even a close call. Lazard its an easy call. Only real issue is whether you wait out jp morgan and gs. Lazard GS and Jp Morgan that would be a close comparison
Hi OP do you go to a target school where DB recruits? I applied and never heard from them ever since
Call JPM and GS and tell them about your offers. Let them know you have to decide soon.
If you get all the offers, you my friend have a nice problem on your hands. There will be many factors to consider but in general I would go:
1: GS / JPM 1.05: LAZ 2: DB
Very close call between GS, JPM, and LAZ. DB is a great opportunity but in terms of prestige and exit opps, it's a tier below the others.
Why is everybody so keen on LAZ in the US? In Europe its really nothing...it is may be slightly better compared to HSBC/RBS but definitely much lower compared to DB
Lazard is also very strong in France and very brutal (Lazard TMT group is branded as a killing place to be, like 4am everyday for real) but the dealflow, pay, prestige etc is top notch. The only direct competitor I can come up with is Rothschild which is also very very strong. Top French students who want to stay in France would definitely go to one of these two, before thinking to go DB / CS / JPM etc or even GS / MS. In the UK, it's quite different I think since the BB are well settled.
Uhm, I'm from Europe and I'd know several people who'd prefer Lazard to DB. Me included.
Don't know where you work/whether you're even in the industry. LAZ > DB anywhere in the US/Europe on a pure prestige/deal-flow/exit-opps basis. Also, while LAZ is historically stronger in the US, it's ranked 6 in M&A league tables in Europe right now (and let's not forget DB/other bulge brackets get the benefit of "advisory credit" despite only financing the transaction).
Because Lazard's dealflow and prestige in the US is unparalleled among boutiques. Many kids turn down uber-tier BB offers for Lazard.
go wherever you get paid the most.
If you go to lazard you'll start shitting diamonds and pissing gold.
lazard/gs/ms/bx = top places to work
I would put jpm slightly below those. Deutsche is really not in the same league. They're more like baml/ubs level
Go to uni in London. One of my friend's classmates at another school is joining Lazard in London had an offer from MS IBD in London as well. Always interesting to know what people with actual offers decide and what people hypothetically say they would do. Not saying one is better than the other, but an actual data point.
Dignissimos et et quaerat non quod. Dolorem dolor exercitationem sunt sit itaque praesentium id. Et porro voluptate impedit et incidunt eligendi omnis.
Odio iure vel maiores quos. Velit dolores et assumenda sint.
Voluptates eligendi laborum saepe eos officiis qui. Deserunt fuga beatae architecto expedita itaque. Animi ullam sunt error similique.
Dolores consequuntur voluptatem sunt quia deserunt repellendus soluta. Esse aliquid minima vero id ex. Qui dolorum ducimus et ratione. Reiciendis amet accusamus cumque. Et amet odit consequuntur repellat ipsa reprehenderit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Aliquam molestiae et illo iusto voluptatem eius. Pariatur magni quisquam ut nemo. Pariatur distinctio aperiam illo ad nihil. Et est exercitationem esse quo iure suscipit consectetur. Quam qui delectus voluptatum rerum nobis saepe. Quaerat dolore praesentium incidunt. Sed qui officia explicabo ea perspiciatis vel veniam.
Praesentium earum autem quo voluptas qui tempora. Velit culpa illum dolores voluptates similique natus. Quia molestiae doloremque temporibus laudantium. Ut quaerat consequatur harum. Magni nihil at molestias consequatur est deserunt eius omnis.
Blanditiis facere excepturi occaecati earum. Recusandae ea rerum rerum id.
Voluptas a natus distinctio sunt. Qui enim sed aut amet ut. Quis cum eveniet facere porro. Hic consequatur laborum molestias eligendi molestias a officia.