Top BB Group vs EB for exits

I'm only optimizing for MF exits (BX/KKR/APO) and will participate in on-cycle upon starting. Would a top BB group like MS M&A/GS FIG/GS TMT/MS MP/JPM M&A/JPM HC or a normal EB group like EVR/LAZ/CVP/MOE/PJT be better? I've heard BB's discourage on-cycle but still place well (better?) but also that it all comes down to the candidate. Any thoughts are helpful.

38 Comments
 
Controversial

PJT RSSG > GS TMT & MS M&A > JPM HC & M&A > EB M&A


EDIT: all the EB analysts are simply Salty (05/06/2023)

 

feel like below GS TMT & MS M&A would be other top 2-3 GS/MS/JP & top 1-2 M&A groups at EVR/LAZ/MOE/PJT/CVP

but once you land the interviews (whether on-cycle or for FT), basically comes down to how well you do in the interview room. 

there's also other factors like your school, gpa, etc. that probably can distinguish candidates more than group A at this bank vs group B at another bank.

my 2 cents.

 
Most Helpful

Makes sense to me, my opinion is it looks like this below:

PJT RSSG, EVR M&A, GS TMT, MS M&A

  • top groups that funds will want kids from

PJT M&A, EVR RX, GS FIG

  • below the other groups at their firms, but still phenomenal exits especially per capita
  • If you use APO/H&F as a proxy, vast vast majority of their hires are from above 2 rows

Other top BB groups (GS HC/C&R/IND, MS M&C, JP M&A/HC) and other good EB's with strong recruiting culture (i.e. Moelis, LAZ, HL RX)

  • If you use BX/KKR as a proxy, majority of hires are from above 3 rows

Then the next slot of BB groups (i.e. BofA FSG, JP M&C, too many to name) and good EB's but maybe without a strong recruiting culture like PWP, CVP (not because they can't, but that less people want to do so)

  • All MFs seem to hire majority of candidates from top 4 rows

Just an intern, but have done research on MFs for recruiting and MF spots seem to be taken up by the above and it's harder from groups/banks not on this list to get MF, but still doable. These just seem to be the groups where there are solid, consistent per capita placement.

 

Would love to hear input on this. Hard to beat EVR PCA pay too! I’ve heard of associates making 800k but that may not be from a good source…

 

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