The Next Goldman Sachs
To preface this, I have just finished my freshman year in college and 90% of my knowledge of the finance space has come from reading so please correct me if my assumptions are wrong. From my understanding Goldman Sachs has dominated the finance world over the past 30-40 years and has not really had any serious competitors for #1 place to start your career. This led to GS alums running the corporate world in industry and investing. Goldman alumni were running the worlds biggest funds and current employees at any level of seniority were offered seats that no others could get. However, in recent years their edge has started to fade. The value proposition offered by boutiques is extremely attractive and has led to an exodus of seniors looking to recapture the benefits of a private firm Goldman has lost. They also do not have the lending power of banks like JPM or BofA which leads to more loss of market share. My question then is what firm will have the next GS Mafia effect in terms of producing top level talent, being a career jumpstart like no other, and having people from their bank running other firms.
Citi
Shitigroup? Never.
this is cap
UBS. What other bank has the reputation that they have to always grow talent from within and never look to other banks to fill all of their senior seats. They have had a killer past few years and will continue to grab market share.
In particular, they avoid making the mistake of hiring ex-Barclays
If you are picking EBs, then only Evercore fits the mold. In all seriousness, you shouldn’t be looking at banks, you should be looking at AIs.
The US government is literally making AI executive’s Lieutenants in the military.
Apollo
The next Goldman in terms of firms with alumni that dominate across business and politics is pretty obviously McKinsey. Their alumni are increasingly becoming CEO's and holding/being appointed to senior political roles. This isn't that new, but still new relative to Goldman, which has dominated government and finance the past ~40-50 years.
I'd argue the opposite. The industry has realized consultants are worthless, you don't get any real world operational experience whatsoever. It's one thing to guess the best solution and the other is to implement it. Everyone knows Mckinsey consultants are worthless when it comes to running an actual business.
this.
Seems like silicon valley tech giants are in at least at the current moment.
Wells Fargo
lowkey right, really putting in numbers and focus on their IB, CB, & CIB teams and divisions nowadays. they're an up and coming bank thats def pushing into the BB scene.
get the fuck out of here 😭😭😭 the way you retards shill wells on here is crazy
In terms of alumni taking on powerful corporate and government positions, I would expect GS, JPM, and McKinsey to continue being the firms that put the most people in those roles.
In terms of the most respected individuals investment bank, for me personally it is Centerview.
In terms of career earnings and influence, I would argue it is those leading the AI firms, which if transformational, will lead to windfalls for many like those seen on Wall Street in the 1980s.
Wells
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