Wells Fargo Generalist vs Greenhill IB SA NYC
Would love some perspective on this with 2 competing offers - WF is generalist & Greenhill is M&A
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If you wanna stay in finance/do PE, take Greenhill and don’t look back
GHL is a sinking ship, and WF is a rising ship. I would strongly consider going to WF if any interest in staying in IB for more than 2 years. Ultimately, IB professionals in the longer run, IB professionals are evaluated on deal experience when looking to lateral, and you have to be able to talk about deals you were on; Greenhill is basically not even competitive on the GHL whilst WF is growing market share every year. WF isn't lead on most of its deals, but at least you'll have deals to talk about, whilst the GHL juniors will have no deal period. Not going to comment on anything PE related as I am very far removed from it, but WF is one of the major commercial banks that is rapidly and aggressively growing it's banking franchise; will be a very good place to get transcational experience for a longer career in the IB world whether that's moving upmarket or even staying within the firm due to the overall growing nature of it.
Edit: I have literally been part of the process evaluating lateral candidate resumes where analysts from WF and GHL apply, we will 100% pick a WF analyst with deal experience over a GHL one without every time, and make no mistake the deal experience is much more likely coming from WF rather than GHL (take a look at the league tables for reference). I am only talking about those looking to stay in IBD, not those looking to leave. I do not see any reason for downvotes outside of prestige-obsessed hardo's on the forum being mad that the actual world does not always follow the prestige rankings of WSO.
Greenhill b/c WF has a bunch of random groups that you can get placed into in Charlotte that aren't even really IB like securitisation in Charlotte. At least your guaranteed actual IB if you pick GHL.
You copy and pasted this exact comment on another thread, except you swapped GHL for UBS. Lmao it's ok if WF rejected you
Nice copy and paste
Offer letters show which location you placed into, so you can make that consideration without getting screwed over.
To exit to a PE fund, it's greenhill and not close. HHs and PE firms don't care about the deal flow for on cycle. If you are 100% on not recruiting for on cycle then wells fargo.
How does the integration work with Greenhill though considering they got acquired by Mizuho. Wouldnt prestige of WF be greater of Mizuho, or does Greenhill still operate separately within Mizuho
That is not true at all. HH knows for a fact that GH is not what it is used to be. (Source: was in charged of recruitment at our firm)
Would your fund rank WF higher than GHL when looking for prospective associates? (assuming both are much lower in priority than typical BB/EB ofc)
Wells for sure. Does greenhill even do anything anymore?
Since when is Greenhill the Cornell of EBs
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Go make your $50k in your SA stint at Wells
Can you actually make bank (obv not 50k) at WF as SA with their OT pay?
yes u can make 50k at wells, not the average but not uncommon either
40 hr at 53 for 10 weeks: 21.2k
the average ib intern works like 70-80 hour per week which conservatively puts you at 30 hrs OT: 30* 53*1.5 *10: 23.85k
work in a sweatier group and you're pushing 50k for the summer
Lol the fact Greenhill is even spoken of is a miracle to me. Have literally never seen them even pitch on any Rx mandates etc. firm is just held up by Konstantine who is lowkey a physcho - will say it does place on cycle to PE very well but at that point you are just joining a firm to gain the ability to join another in 2 years which seems funny. Wells is honestly a great firm that is heavily investing into IBD with senior hires and has the relationships and massive commerical bank to support a someday BB level IBD practice, good place for juniors it sounds like. Kid that networked with me told me he made 55k over his summer and is contemplating going FT but has great looks for FT other banks like BoFa, MS, JPM etc. Seems like a better place to be than Ghill if banking is the goal and not on cycle recruiting.
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