This forum has an unhealthy fixation with Goldman. Seems like the answer to every question lately is 'GS hands down' (not a knock on you, hamwad). It's just another bank, but this whole subprime thing seems to have boosted its status to some untouchable deity. People forget that banks like JPMorgan and Lehman also got out of the crisis relatively unscathed. Exit opps into PE aren't really THAT much better just because you worked at GS.

 

Have you tried leveraging BX into getting into your group of choice at GS? If you can get into a group that you like at Goldman, I would say take that over Blackstone.

Otherwise, I would personally go with Blackstone. Restructuring gives you a unique experience among analysts, esp. with the market the way it is. I have heard bad things about BX's Rest. culture- if you do not fit a certain profile. I think Blackstone will work you harder, but your knowledge/exit opps will compensate.

Both options are great- you should just go where you like the people the most.

 
Genesis:
goldman's just another bank, but this whole subprime thing seems to have boosted its status to some untouchable deity. People forget that banks like JPMorgan and Lehman also got out of the crisis relatively unscathed.

Random bump for the funny quotation.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 
streetwannabe:

How great would it have been if the option was Lehman and someone, and the kid decided on Lehman based on that quotation?

lol Genesis - screwinng pplz futures up cuz he read sumthing online

"so i herd u liek mudkipz" - sum kid "I'd watergun the **** outta that." - Kassad
 
Best Response
mudkipz:
streetwannabe:

How great would it have been if the option was Lehman and someone, and the kid decided on Lehman based on that quotation?

lol Genesis - screwinng pplz futures up cuz he read sumthing online

Hindsight's 20/20; I could have said Merrill (which is a shitshow of equal magnitude that got luckily bought out at a ridiculous value) and no one would have pointed it out. Same thing would have happened to GS if they hadn't been reimbursed for every penny owed by AIG, and then bailed out by Buffett. The time will eventually come when they'll collapse, just like every big name investment bank ever has. Don't kid yourself, the government selectively let Lehman collapse in their only case of being principled about 'moral hazard'. But go on, I suppose GS hasn't had its dick wet in a while and the WSO 1st-year analyst and summer intern mongoloid crowd are just the people to get the job done!

What a pathetic bump by the way. It's a real wonder more people VP level and up don't post here at all any more. More annoyingly, this stuff somehow winds up in my email inbox too.

 
Genesis:
mudkipz:
streetwannabe:

How great would it have been if the option was Lehman and someone, and the kid decided on Lehman based on that quotation?

lol Genesis - screwinng pplz futures up cuz he read sumthing online

Hindsight's 20/20; I could have said Merrill (which is a shitshow of equal magnitude that got luckily bought out at a ridiculous value) and no one would have pointed it out. Same thing would have happened to GS if they hadn't been reimbursed for every penny owed by AIG, and then bailed out by Buffett. The time will eventually come when they'll collapse, just like every big name investment bank ever has. Don't kid yourself, the government selectively let Lehman collapse in their only case of being principled about 'moral hazard'. But go on, I suppose GS hasn't had its dick wet in a while and the WSO 1st-year analyst and summer intern mongoloid crowd are just the people to get the job done!

What a pathetic bump by the way. It's a real wonder more people VP level and up don't post here at all any more. More annoyingly, this stuff somehow winds up in my email inbox too.

Wow. Calm down there, breath deeply and laugh at yourself and accept that almost all would have made a similar comment to yours. The bump was merely to demonstrate the halcyon times of pre Lehman, ya know, a little lighthearted giggle.

And VPs and those higher dont come here because they have better things to do like play with their kids or spend time with their wife. Further, many of those that come here do so for education, VP+ wont find any education for themselves here, they already know how to rank banks and what the exit ops from M&A are. I, too, fully expect by 30 I will not find value in this site.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 
Oreos:
Genesis:
mudkipz:
streetwannabe:

How great would it have been if the option was Lehman and someone, and the kid decided on Lehman based on that quotation?

lol Genesis - screwinng pplz futures up cuz he read sumthing online

Hindsight's 20/20; I could have said Merrill (which is a shitshow of equal magnitude that got luckily bought out at a ridiculous value) and no one would have pointed it out. Same thing would have happened to GS if they hadn't been reimbursed for every penny owed by AIG, and then bailed out by Buffett. The time will eventually come when they'll collapse, just like every big name investment bank ever has. Don't kid yourself, the government selectively let Lehman collapse in their only case of being principled about 'moral hazard'. But go on, I suppose GS hasn't had its dick wet in a while and the WSO 1st-year analyst and summer intern mongoloid crowd are just the people to get the job done!

What a pathetic bump by the way. It's a real wonder more people VP level and up don't post here at all any more. More annoyingly, this stuff somehow winds up in my email inbox too.

Wow. Calm down there, breath deeply and laugh at yourself and accept that almost all would have made a similar comment to yours. The bump was merely to demonstrate the halcyon times of pre Lehman, ya know, a little lighthearted giggle.

And VPs and those higher dont come here because they have better things to do like play with their kids or spend time with their wife. Further, many of those that come here do so for education, VP+ wont find any education for themselves here, they already know how to rank banks and what the exit ops from M&A are. I, too, fully expect by 30 I will not find value in this site.

I don't so much have a problem with your comment as the one by the clown after it. Either way, I do remember a time when conversation on the IB forum was more than posts that inevitably ended with 'GS TMT hands down'.

 
CrankMonkey:

What do you want to do post-IB? More risk is getting placed into an industry group at GS that you're not interested in. If do Blackstone have better opportunities for distressed funds though. Great exit opps for both though.

Are you retarded? This thread was posted six years ago. I think he has decided already.

 

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