Top MM Group vs Low BB for Exit Ops?
Kind of a click-bait title but genuine question - how does a reputable MM bank that is good at what it does (i.e. Blair Tech, Baird Industrials, HL RX, Gugg MM, etc) compete for exit ops like Corp Dev, Strategy and Ops, etc (not buyside roles) versus your lesser prestige BBs like WF, BoA, UBS, Jefferies, etc?
Is there a big disparity? I know the buy-side isn't for me but a strategy and ops role at a F500 would be an interesting place to land for myself. I am at one of the listed MMs and am just curious if it is worth it to jump to a BB for the "prestige" and brand-name recognition when corporate recruiters don't know the first thing about banking.
WF and JEF are not BBs even in the most far-fetched wet dreams of Rich Handler and Charles Schwarf lmao
This is the first (and last) time i’ve upvoted a comment from you
Bro when you retire you have to let us know who you are promise?
You cant put BofA and WF in the same category…
HL RX is on par with other EBs and GS/MS/JPM. Guggenheim far above all the MM banks you mentioned. Sounds like a troll post or incoming @ WF
I’ll say it one last time:
If you are not at GS/JPM or one of the mega hardo EBs, then it does NOT matter which bank you are at
You will get interviews at a LOT of places whether your resume says Jefferies, Wells, BofA, or DB (also, these are not even close to the same “tier”)
It is up to YOU, and as a byproduct of YOUR experience and deal flow, to convert the offer
Is that true for MFPE and HFs? I heard from someone that top HFs want specific firms
Maybe because the question is dumb af? Like 90% of prestige related questions asked on this forum?
Like the previous message said, if it's not GS/JPM/MS or the top 5 EB, the name won't make any difference. All will be correlated to your ability to provide good work, to be able to network and be ready for incoming interviews.
Did recruiting with friends who were at MM's and low-tier BBs. Absolutely false to say the MM gets similar looks. BOFA kids got more looks than UBS kids who got more looks than DB kids who got more looks than Jefferies kids who got more looks than Jefferies kids. Groups at some of these also matter, particularly for the UBS/DB/JEFFs of the world and there could be some MMs that get more looks than some non-deal flow groups at those banks, but as a broader statement they simply get more opportunity. Kids at top DB groups(Sponsors or REGL) get MF interviews from the headhunters (obviously most don't convert and it's not gonna be as much as someone from the GS/MS of the world, but the chance is still there)... I doubt many from Blair are. This is still important for corp dev roles as a lot of these roles also are recruited for by these headhunters and it's pretty clear how they think about different banks based on their choices during the PE process.
All about who you know at the end of the day. All of that goes out the window if you’re at a MM and actually know someone in fund who’ll vouch for you - not spoken from experience but hearing stories from alum I’ve talked to
whats supposed to be after jeff? said it twice
For corporate roles, the hiring manager either has to 1) be familiar with your bank / group, or 2) see one of their competitors listed on your resume as a client. As a result, it's going to be easier to get interviews from a lower BB / large balance sheet bank unless you're specifically focused on roles within your top MM group's coverage area
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