With Summer 2020 recruiting moving along so early, I need to make a decision in the next week or so and was looking to see if anyone could provide a bit of insight.
I'm currently holding an offer from Baird (in their HQ in Milwaukee) and RBC Capital Markets in New York. When considering PE exits etc.., is there any clear advantage for one firm over the other? Have looked into the archives here, but it seems like the information on RBC is a bit outdated and the bank has really been on the rise over the past few years.
Considering the offers on the table now and that many of the BBs besides Citi are still going through the process, would it make any sense to decline the current offers to hold on and continue to recruit? Any help would be really appreciated.
I'd take RBC over Baird (I'd live in NYC anyday over Milwaukee even with COL when I'm in my earlier 20s). Also as people mentioned RBC has been "on the rise" there literally was a thread a month or two ago talking about it after RBC advised Suntrust/BB&T merger so try searching that up will give you good color.
Also I would take RBC and just renege once/if you get a better offer. Yeah some people might call it immoral but thats just BS, these firms are forcing sophomores to decide 1+ year where they're gonna intern and I find that to be absurd. Of course there is always a chance RBC could hear about you recruiting somewhere else and you could end up with no offer but thats usually a slim chance from what I know.
If RBC Capital Markets means DCM / ECM / Lev Fin only and Baird is coverage / M&A - I’d go with Baird in a heartbeat. Hell, even if they were both m&a, I’d still argue that Baird is a better spot. With that said, think about geography and where you want to end up afterwards.... if you’re 100% NYC then take the RBC gig. If you’re looking for the place you’ll get the best experience and you’re location agnostic, go with Baird.
Is this whole board RBC employees?
From what I’ve read on some recent threads here, and I definitely stand to be corrected if someone can prove otherwise, if DB and UBS and are considered BBs then so is RBC-especially after the BB&T deal and their movement on the league tables. Just my 2 cents tho I’d love for someone older to chime in.