Solomon Partners v BMO

Based on the most helpful WSO content, here's what you need to consider when choosing between Solomon Partners and BMO for a summer internship:

1. Reputation and Deal Flow:

   • Solomon Partners: Known for its boutique investment banking model, Solomon Partners offers a more focused experience with leaner deal teams. This often translates to more hands-on exposure and responsibility for interns. Their reputation in M&A and advisory work is strong, particularly in specific sectors like consumer and retail.
   • BMO: As a larger, full-service bank, BMO provides broader exposure across various products and industries. While it may not have the boutique feel of Solomon, it offers a more structured environment and potentially more resources.

2. Career Advancement:

   • Solomon Partners: The boutique experience can be a great stepping stone for roles in private equity or other buy-side opportunities due to the depth of experience gained. However, the brand name might not carry as much weight globally compared to larger banks.
   • BMO: BMO's larger platform and global presence can be advantageous for networking and long-term career mobility. It may also provide a more diverse set of exit opportunities across geographies and industries.

3. Work Environment:

   • At boutiques like Solomon, you might experience a more entrepreneurial culture with closer interaction with senior bankers. However, this can come with longer hours and higher expectations.
   • At BMO, the environment might be more structured, with a clearer hierarchy and potentially better work-life balance, depending on the group.

4. Exit Opportunities:

   • Both firms can lead to strong exit opportunities, but the choice depends on your career goals. If you're aiming for private equity or a specialized role, Solomon's boutique experience might be more valuable. If you're looking for a broader range of options, BMO's platform could be a better fit.

Ultimately, the "best" choice depends on your career aspirations, preferred work environment, and the specific group/team you'll be joining at each firm. If possible, reach out to current or former interns at both firms to get a better sense of the culture and experience.

Sources: BAML SA 2020 guide fellow BB interns, Goldman Sales & Trading vs. BCG -- Sophomore Internship, Solomon Partners vs. FT Partners - Which Is A Better Firm, Graduating in 2 years, what path to take?, What offers would you take over a BB S&T?