UBS, JPM, Moelis SA Stint?

JPM.

It is very stable in addition to having a brand name that can be leveraged for opportunities outside of finance (i.e. consulting), if you choose not to come back.

Agreed.

I would go with Moelis. As a summer you're placed into a generalist program where you get to work on Restructuring and M&A (possibly even their PE arm, but I doubt you'll see any action there). You'll work harder but get a much better experience. At JPM, the only group doing anything is FIG.

JPM for the same reason others said. FIG isn't the only busy group at JPM right now

JPM is great, and prob my top choice. But, Moelis seems like a great opportunity. Congrats, sounds like a good dilemma to be in.

Everyone is on Wyeth. JPMorgan is 3rd from the left... not entirely impressive. On Ticketmaster, they're sell-side, not buy-side. I don't know much about the Rio Tinto deal, but either way it doesn't mean that those groups are very busy. It means that, at most, 1 MD/VP/Associate/Analyst are busy (from the respective industry/product groups). That doesn't mean that deal volume is great. It's not.

FIG is the only group doing deals.

the people on this board and their collective hard on for Moelis is both ridiculous and starting to get old really fast...

JPM is currently in 1st place for the league tables for M&A transactions for 2009, followed closely by MS.

They're definitely the place to go, way above Moelis, unless you like Moelis better (people etc).

Congrats though.

Brand Name vs. Boutique. It's the way it always goes. Honestly, both are great opportunities. You heard the rest before. Honestly, weigh the options and go with what will provide you the best experience (or future ops) you think you will get and go from there.

Funny how no one is mentioning UBS at all.

1) if you can go visit the offices and the people ... I did that last year and it made my decision a lot easier

2) at JPM you want to visit or be in the best or most busy group. It's great that Execution is busy at JP London, but you're going to work in New York

3) if you visit or talk to people on the phone, ask them how many deals they're working on, how many are live, how much pitching they're doing and how many hours they're working - try joking with them and see how often they go to the gym in a week ... sometimes they won't give you an honest answer but you should be able to get a feel

4) analyze your relationships with the banks you got offers from, if you choose one bank over another, kept in touch over the summer, do you think you could move come fall (just note that word is most banks are looking to take only from their summer classes, nice thing is that JP, Moelis, and UBS are all next to each other in NY)

some pros and cons for these banks:

JP Pros: -obviously brand name -#1 in league tables -haven't been hit as hard as some of the other banks Cons: -you're a number (yes, I'm sure you'll know everyone in your group, but still) -Jamie Dimon loves to cut costs -uncertainty over what future action the US government will take

Moelis Pros: -generalist program; they are very busy with restructuring - however their model leverages industry coverage MDs relationships to bring in the business and working with the restructuring pros -if you rather work at a smaller place -like people said, it's deemed up and coming - you can be part of building something and it makes for a good story if you want to move to another bank -private bank, no TARP money, lean balance sheet Cons: -it doesn't have that brand name (more so outside of finance; if you're worried about placement after 2 years the MDs have great relationships and are always willing to help out) -you'll be doing mostly restructuring probably (at least you'll be busy) -it's deemed up and coming - if that's not what you want choose JP

UBS Pros: -the Swiss government won't let it fail and they're shopping their US brokerage arm so it looks like they're sticking with IB in the Americas -they have some strong groups (Healthcare, Media) and healthcare should be a busy industry group to be in -there's a lot fewer people there so you should get more responsibility (same goes for Moelis but their means to leaner deal teams is different) Cons: -you don't hear about them doing much (which could be a good things these days, staying out of the press) -you might not get an offer or if you do you get fired within your 1st year, best thing is getting your offer revoked -maybe the Swiss government will nationalize it or cap bonuses

JPM