Hi all,
T15 student weighing offers between a top EB (Evercore, Centerview, PJT) and a top BB group (MS/JP/BoA Tech, HC, Sponsors).
Putting aside my own experiences with the people for now, what are your thoughts on the differences between the two options for quality of work, prestige, culture, exits, etc?
Most relevant threads I’d found were all a bit dated. Thanks in advance.
| +161 | Evercore > Goldman and I don’t think it’s particularly close anymore | 58 | 2h |
| +152 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 17 | 11h |
| +124 | I am a drunk MD AMA | 40 | 1d |
| +86 | UBS Offer Day | 30 | 1d |
| +75 | Santander IB? | 10 | 3d |
| +68 | I hate Wells Fargo | 19 | 7h |
| +51 | No return offer - feeling like a failure is an understatement | 20 | 2h |
| +45 | How cooked am I as an incoming WF IB SA 2027? | 17 | 5h |
| +43 | WF Return offers | 28 | 2d |
| +40 | 2026 Investment Banking Return Offer Climate | 25 | 8h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Also interested
Side note: does Centerview recruit on your campus for Associates? Didn't think they did OCR at all for post-MBA. Could be misinformed tho...
Not sure if they do OCR for the summer, but they have taken some post-MBA associates. Not sure the pipeline or process.
In my experience they didn’t OCR formally, but reached out to people they were interested in directly who generally had previous transaction experience.
take the EB, comp difference is huge for MBAs
One of those BBs is not like the other.
Most of those factors you mentioned (i.e. quality of work, prestige, culture) are going to be better at EVR/CVP/PJT. The pay is another big difference vs the top BBs. Exits are hard to compare at the Associate or higher level because EBs tend to have better retention so you see few people leaving overall. The only reason you would go to a top BB is for the brand name so if it's worth that much to you then you should go to GS/MS M&A. But you don't even have those options so I don't see why this is such a hard decision for you
Well he has MS listed as an option.
I could be wrong, but I don't think MS has any direct placement for summer associates into their M&A group. Outside of select coverage groups like RE, FIG, the Menlo Park office, etc. every summer associate gets placed into the Generalist Pool.
The pay differences between these groups is very big. What is the value of a brand name to you for people outside of finance? You will be looking at pay differences of at least $40k/year for comparable buckets and groups and it could be much more than that. Keep in mind that within finance, the brand names are quite comparable and people will care more about the group you were in. Nobody that is in finance is going to think a random coverage group at JP is better than PJT SSG or Evercore M&A.
After 3.5 years as an associate, you are looking at potentially a total pre-tax comp difference of >$150k (and could be much greater) and that doesn't factor in cash vs stock splits. That is a very large gap that is hard to justify if the groups are comparable.
Omnis ut molestiae explicabo. Itaque non omnis consequatur repellendus at et perferendis. Dolores dolorum molestiae blanditiis perferendis vel vero. Harum aut ut eveniet aliquid rem ut. Quo voluptas sint aspernatur et quia. Earum architecto corporis quis.
Voluptatem aut ut modi est dolores excepturi. Dolorem in recusandae tempora. Occaecati modi dolore earum ut recusandae. Consequatur nulla quia aut repellendus ab corporis debitis. Repellendus ullam inventore veritatis quod eum.
Aut soluta doloremque numquam aliquid commodi inventore ullam. Temporibus itaque ab molestias sapiente vel. Neque omnis eum ut non ipsa vero et. Qui voluptate eligendi ut doloribus. Labore possimus fugit aliquid reprehenderit aperiam nihil. In officia fuga quidem quo.
Voluptatem iste qui eos. Velit earum similique ut ad fugiat deleniti ut. Eius quibusdam rerum inventore et totam voluptas suscipit. Id dolorem temporibus animi libero ipsum.
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...