I have Summer Analyst offers from UBS, CS, Lazard, and Citi. All are in New York City. Where should I go, considering that I want to land full-time in an M&A group with great exit opps?
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Lazard
Lazard, hands down... its much more selective - and if you want M&A, this is it.
UBS, Lazard is not BB
and BB is better because..??
BB is not generally better, some aspects are better, e.g. the exit opportunities, just look at the HF/PE websites where the associates/senior associates come from...
i was under the impression that exit opps at a top boutique like Lazard would be better. obviously excluding GS & MS.
Lazard, not even close
All of the above are fine and will get you the same interviews.
UBS, CS, Citi do no have a guarantee into M&A.
UBS/CS/Citi will have ALOT more sponsor activity than Lazard.
Lazard will offer pure advisory services without offering leverage related advice.
If you look at 04 and 05 analyst placement all of the above placed well.
Lazard's exit opps are the same as Citi, Credit Suisse, and UBS? Really? I always heard that Lazard's exit opps were really good - somewhat worse than the absolute top groups on the street (GS TMT, MS M&A, UBS LA) but on par with the other groups at GS and MS....
These firms will all get you the same interviews for next year.
Whichever firm you work for, you'll be in a strong position to get a FT offer after the summer. So ask yourself, which of the four would you most like to work for full-time? This is the one I'd go with, since they will all put you on about equal footing in the FT interview process.
Lazard. All my friends who've worked at UBS have been run into the ground for the entire summer--2 out of 3 didn't go back.
Didn't know banking was a lifestyle move.
long hours everywhere (UBS, GS, Lazard, any other bank). If you're worrying about hours or lifestyle, you need to go into consulting.
another vote for Lazard
Lazard, and they're definitely not the ones with the shortest hours
I always heard that Lazard's exit opps were really good - somewhat worse than the absolute top groups on the street (GS TMT, MS M&A, UBS LA) but on par with the other groups at GS and MS....
o.k., seems to me that I overlooked something here, I'm just curious why exit opps at Lazard should be better than at a top BB?
I just looked up Lazard at Thomson M&A Review:
Rank 10 out of 10 in M&A Worldwide inputed fees 2006, last year they weren't even TOP 10, and they're totally unkown in Europe and Asia , though there are more offices of Lazard in Eurpoe than in the US.
Lazard totally unknown in Europe? What rock have you been living under. Lazard may not be top 10 but their deal-flow / banker is epic. They're much smaller than the BB's but work on some very exclusive deals. League tables are the crudest yardstick for prestige.
Agreed. League tables are shit when looking at bank prestige. Amount of fees made is not indicative of prestige, experience, and exit opps.
Take Citi. It's performing very well and it's a top notch investment bank. What everyone else is saying is bs -the citi investment bank is run completely separate from the retail arm. It is on all the big deals as lead advisors and will do well in the future. There is no argument about it.
lol it's clear that goldmansbanker actually works at Citi, as his old name CITI BANKER implies. don't listen to that dumb fucker. Lazard is arguably on par with goldman, so why would you pass that up for a firm that has similar exit opps to Jefferies
Lazard definately...
maybe Credit Suisse if you get a shot at their high yield group.
no no to UBS.
yeah, definetely all work for Lazard here, good job Mr. Wasserstein...
go Lazard
why are you guys so anti-UBS?
guy who interviewed me was a douchebag
do u go to harvard?
Just say no.
choose Lazard, no question about that.
don't really understand the bashing of UBS.
UBS were rather dirty during WWII.
...so was the German government. I wouldn't not deal with them just because of something that happened during WWII. =)
By the way, no idea/knowledge about the actual question on this thread.
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