SF to LA
Currenly in Tech at one of BBs in SF, but moving to LA.
Looking at multiple options, but want to stay in IB. Any recommendation on LA banks that have a strong deal flow and good bankers to work with? I do not care about "brand name", but deal flow and people/culture are important. Indifferent to M&A or Corpfin.
GS,UBS, Moelis,CS,Imperial, HLHZ, Guggenheim,Greenhill.
UBS I heard isn;t doing that well from a former SA, but it was slow for everyone that summer anyways.
Greenhill LA supposedly has a lot dealflow
Imperial is smaller, but I heard it's doing relatively well because of its rest( dunno if you are interested in that)
HLHZ rest is top
GS - I heard they are doing quite well now. Very busy
Moelis- it's moelis
Guggenheim - much smaller firm compared to others in IB. Bear's ex-CEO Alan joined there. Heard it's doing great
CS - has been doing well. Spoke with a couple people there. Been very busy.
Maybe you can also look into Barcap and Boa. Boa supposedly is doing well from several employees there, but I am not sure of the real situation. Not sure about Barcap either.
Thanks!
Which industry verticals do GS, CS and Greenhill cover in LA? Do you know how many bankers they have?
I only know GS covers retail/communication/financial sponsor in LA acutally. Not sure about the specifics.
CS is probably one of the largest. I think around 30 ??dont quote me on that
Green has only 3 bankers now. They cover gaming. They were from UBS LA.
Moelis is probably best in LA.
Have a friend that interned at MS LA - have around 25 bankers, hear good things; have m&a team that executes deals for entire west coast.
Greenhill LA is very small (1 analyst per year).
UBS LA has ~40 bankers in LA... it's still kickin'
Why don't you just stick with your current BB? I'm sure all of them have offices in LA as well as SF.
If not, you can try for BoA if you're man enough. If not, go for banks like CS, Wells, UBS, Barcap. Greenhill's doing horrible in ranks so if you must go boutique take Moelis first.
You probably don't know rankings are a stupid way to judge boutiques. There is more to banking than just M&A. Greenhill has a very good restructuring franchise (Moelis is awesome too). Glad you are man enough to work for BofA. Seriously, I have never seen someone so happy to work for a 2nd-tier bank, tells a lot about you.
FYI, 99% of people would take both these firms over places like Wells.
//www.wallstreetoasis.com/forums/bofa-merrill-lynch Last post on this thread suggests you probably got an offer LAST MONTH and might still be a SENIOR in college. No analyst can spend so much time on WSO (or maybe you work in back office).
I understand you are happy that you have a BofA offer, but being a troll here isn't going to help BofA's reputation. Honestly get a life. You are probably some kid who never gets laid and spends all day on WSO. If getting to BofA is the best thing to happen to you, you must have a very sad life.
God bless you!
I never said Greenhill was bad, just that Moelis as a boutique was probably better in LA and I obviously prefer BB's to non-BB's. League tables do mean something, it means that you can see consistent deal flow and get some real hands on experience.
BoA is doing amazing, seeing as how there's only 10 BB's or so, I'm glad you think it's "2nd tier". FInally, Well's has done amazingly well and it is top 10 in every single U.S. rank table including getting close to top 5 U.S. in M&A, I only compared it to other SF places like CS/UBS/Barcap.
Obviously you have a huge hard on for boutiques like Greenhill/Moelis but since the OP came from a BB I suggested he stay at his or go to another BB where he is likely to be familiar with the culture rather than going to a boutique right away. I'm glad you couldn't see past what the thread is about and would rather resort to flaming me. I am 100% certain you are one of those kids who works at a shitty boutique and could have never made it to a BB, doesn't that suck for you?
I'm glad you couldn't post on your main account and had to create a new one to argue with me, since you've obviously been following my posting history for a while. How do you sleep at night without the spine to post on a msg board with your main account? You really made my morning, hahahaha.
By the way I probably know about BoA's recruiting process since I've been through it, did that ever occur to you? Of course not you are obviously just crap-boutique quality lol.
While we're on the subject, does anyone know what happened to Financial Tech Partners after that whole scandal? How is their office doing?
Thanks.
Staying with the same firm is possible, but want to consider all options.
As I mentioned above, I do not care about the perceived name value as long as I can get my hands dirty on deals.
GS LA: Two groups, Consumer Retail and FIG. Around 10-15 bankers each. Of those, FIG definitely has the better exit opps. Last analyst class one went to SLP and the other to Oak Tree. Rumors that the office is building back up (used to include Media/Comm. and other groups but got slaughtered in the recession). REALLY nice office cuz they share w/ PWM which caters to a lot of celebrities.
MS LA: Not as strong as the top LA shops (Moelis/CS/GS/Maybe UBS). Although they have a generalist M&A group... remember that tech and healthcare deals are run from Menlo Park... so they basically get the leftover west coast deals which aren't as impressive. However, they do place decently b/c the MS name carries.
If you go boutique... it is probably better to go NY (beside Moelis & HLHZ) because the LA offices are all pretty small for LAZ/GHL and size matters in deal flow and placement.
Very helpful comments... I should just stay in SF. Sounds like deal flow is stronger in SF than LA.
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