London SA: MM vs. BB (non GS/MS/JPM)
I'm looking for some advice on choosing a summer analyst program. How would you compare a top-tier MM/EB (think Rothschild/Lazard) to a second-tier BB (think BAML/Citi)?
I'm hoping to convert onto a full time position after the internship, but I'not sure if I want to stay in finance forever. I'm looking for the best learning experience possible that still gives me a lot of opportunity if I want to leave IB, but I also really value the transaction experience that a smaller firm provides.
Any insight would be much appreciated! Thanks
Long term banking & lifestyle - EB. Short term technical skills and exit ops - BB.
With the way things are going, Barclays won't have an ibd presence. In 2 years time when it fails to deliver 10% ROE, it will go the way of RBS. For the past few years, they always fell short and got pulled by much more profitable retail operation. DB is in even a bigger black hole. UBS and CS are wealth managers with a convenient and secondary ibd arm.
From your post history, I hope you already jumped, or are working at BAML / Citi, which are in a much better position.
Would disagree with the Swiss guys, otherwise probably right. Don't think BAML are as good as everyone hypes them to be
Whichever is more likely to convert you.
BAML=Laz>Citi>=Rothschild
Lazard is definitely above BAML, not just london, everywhere. But no one calls Lazard an MM bank. This guy definitely has Rothschild, which is known to do tons of MM deals. BAML and Citi are very strong as well so all depends. Outside finance career, BAML / Citi. Transaction experience, Rothschild. Have to weigh which is more important.
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