Obsessed with Bear Stearns
So, I go to a semi-target school and I am about to graduate. Some companies recruit and some don't. Bear Stearns doesn't. I have a full-time offer for a BB (think Citi, DB, JPM, CS) but I have always been really attracted to BS culture - entrepreneural spirit, fluidity between ranks, good promotion rate to 3rd year, associate etc. and I have always wanted to work for it. Is that doable down the road, and what will I be giving up if I decided to pursue this? How easy would be to lateral to BS from one of the above-mentioned banks? Thanks in advance!
Have friends working as analysts at Bear, and they get worked to death. I'm talking 1-2 all nighters in a row. Even associates have it bad there. If I were you, I would be glad that I'm working elsewhere.
Stick with your BB offer, you'll regret it long-term if you choose mid-market over bulge.
I don't think it would be bad at all. Street what group does your friend work in at Bear?
BB, I don't think Bear is that Bad, I know of one guy from their going to KKR next year
Aren't they also leading the EOP deal with Goldman?
They have 1 guy going to KKR, and 1 guy going to another top tier shop. When I received my offer for the summer, as part of their "recruiting effort", they had me meet with both these guys. From what I understand, this year was definitely an anomaly (they don't normally have 2 guys going to these places, but these guys were pretty damn impressive).
Having said that, the way I look at it is, going to bear and then trying for top-tier PE is like trying to get into IB from a non-target. It can be done, but why would you yourself at a disadvantage if you don't have to?
Street, do you know where the other guy was going...just curious, why didn't you decide to go to Bear; just bc of the exit opps?
Bear is one of 8 buy-side advisors on the Blackstone/EOP deal. "Leading" is a strong term, and false.
I don't think that is false, the daily deal stated it was them and Goldman leading, they were also the first two banks named and the only two with banker references....
IMHO BSC is solid, but I would be hard pressed to pass up any of the other banks mentioned for a spot at Bear.
But, if you really enjoy the culture then it might make all those hours that much more bearable.
so 1 in 100 went to KKR, if that's a good metric, by all means.
The banks mentioned - Citi, DB, JPM and CS -arent that much better than BSC (outside of CS Sponsors) and DB is arguably lower than Bear overall. Its not like he said MS, GS, ML, UBS or LEH which would make this argument different.
You are in a unique situation. I've never head of anyone who wanted to "lateral" (if you can even call it that) to Bear. However, if you like Bear that much, I say go for it.Do what will make you happy. People on this board are way too concerned with "exit opps".
especially exit opportunities into a space that will most likely have fizzled significantly by the time they'll be exiting
Exactly, will PE even be hot three years from now?
I wonder how this turned out...
lmao 10+ year bump
OP must respond
DickFuld Does it still hurt that they saved Bear but not Lehman?
Dolores aliquid aut mollitia illum qui eum. Exercitationem eaque suscipit sapiente cumque molestiae qui. Doloremque dolores debitis aut corrupti consequatur.
Deleniti consequuntur nemo qui qui distinctio incidunt. Quisquam vel nihil voluptatem autem. Ut aliquid itaque ipsum quas inventore. Natus consequatur aut eligendi voluptatem sequi ut quas. Sed aspernatur distinctio asperiores.
Quis nesciunt provident odit qui et voluptatem praesentium. Quis consequatur et at accusamus esse minima enim. Enim nihil laboriosam ut placeat occaecati. Beatae est iusto esse optio possimus ea qui. Impedit eveniet sed aut tenetur eveniet qui temporibus.
Id aut hic ipsum odit iste consequuntur. Ab quisquam et non est. Repellat soluta corporis sit minima ut inventore sed repudiandae.
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...