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Ignore title I am An3. This is given you don’t know what group you’ll be in. This is also my own generalizations from what I have observed and talked about with friends. Technically these are all great places to start a career in with the right group.


Pay:

MoCo>JPM>MS>=BofA. 

Historically, MS hasn’t been best comp wise at the analyst level (generally speaking). Back when I was in college BofA used to pay well, but it seems like they’re in a slump now. Who knows how long it will take for BofA to turn it around.


Exits:

MoCo LA>MS>=JPM>=MoCo Other>BofA. 

Again, this is assuming you have no idea which group you’ll be in. MoCo LA is #1 due to consistency and focus on  M&A/RX deals. Maybe it’s due to their bias for target schools, but I’ve also seen MS kids exit well very broadly. It edges out JPM by a little imo. The rest of MoCo is also great but know there are some groups, since moving away from is generalist program, that are notably weaker than the rest or very niche.

Hours & Stress (most to least)

MoCo > MS>JPM > BofA. 

MS & MoCo are both broadly sweatshops. MoCo imo edges out MS due to precedence, even despite the rework in 2021 (if I remember correctly). JPM has a lot of really sweaty groups too (industrials, HC, M&C, etc.) but I also know they have more relaxed/non-toxic groups in their mix. BofA same thing but to a lesser extent than JPM, have met some people who genuinely enjoy their groups as well. To be clear, you’ll be working hella hours in most groups (unless you’re an fsg banker lmao). 

Longterm banking career:

Whatever group you enjoyed talking to the most. People keep you long term not prestige…

 

largely agree with this also given group placements at each I think Moelis may edge out the others because I think on average you get great reps at all of their groups (though hours vary widely) vs MS and JPM where groups really matter. Wouldn't consider BoA in same tier at all but not bad option. However if you could guarantee MS M&A then i think that's the absolute best group on wall street for exits

 

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