Wells Vs. MM (HL/Lincoln/Blair)
Wells coverage group in NYC vs industrials group from one of the banks above and not in NYC. What is better in terms of PE exit opportunities?
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Others may disagree but I would rank them: Blair > HL > Wells > Lincoln.
Two caveats, I would take Wells and then try and lateral to a better spot if NY is the goal. If NY is not the goal, I would also target Baird as they are the top MM bank for Industrials.
Agree
Depends. Which group at Wells?
If you wanna go into PE in NYC, hands down take WF in NYC. I assume the other offers are in Chicago - I'm at a midwest school and I know people at all three of those banks' Chicago offices and you can definitely land MMPE from HL/Blair (not too sure about Lincoln), the caveat being that these PE firms are usually also in Chicago. If you're definitely ok staying in Chi long term then go for it, but if you change your mind down the line Chi -> NYC is a lot harder than the other way around
Take wells and the nyc offer. People will always make some argument on here about nyc not being the financial mecca and middle market banks being better than some large or bulge brackets.
The real world of finance is not WSO.
Take the offer from the bigger bank and work in nyc. You will find more job opportunities in nyc and if you’re good you will always be able to lateral from Wells. It’s your first job, take the obvious route.
By the same token, people overate being in New York. A good group at Blair or HL will open more doors than a bad group at Wells even for New York opportunities.
Disagree. You’re going to get way better lateral looks from Blair/HW/etc. A top MM analyst is going to close a crap ton of sell sides and have great deal experience to talk through for a lateral process vs WF. Look on LinkedIn at how many have lateraled from a MM to a top BB or EB, not to mention that most people don’t even end up wanting to lateral because they like their MM experience
Wells...lateraling is easy
Blair>Wells>HL (assuming not RX)> Lincoln. If you get industrials in Wells and really prefer NYC, you could def make an argument for Wells. Wells should be pretty easy to lateral to BB/EB from any of their NYC coverage groups, so if that's the goal, then go with Wells.
Why do you guys always talk about industrials? They don't generate as much revenue as FIG, TMT, and possibly others.
Also confused by this. On the outside looking in Wells seems like a non-factor in the industrials space.
If PE in nyc is the goal then take Wells without hesitation, but broadly comparing banks I think HL is a cut above the others.
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