What would you do????
If you had to choose between BB or Boutique.
These are the options. whats your opinion and why?
JPM/Citi vs Evercore/PJSC
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Work at a very small I-bank (wish I got an offer from one of those companies) but after researching I-Banking and reading a lot about the industry I would pick JPM or Evercore. It also depends if you want to work for a BB or Boutique and you can't go wrong with anyone of those firms. Congrats on the offers!
bb
depends...if you want exit opps BB has better ones.
99.99% given the choice will go with the BB
You are either going to B-School after 2 (or 3 years as an analyst) or going to work somwehre else.
Lets face it, a BB experience on your resume will look better than a botique's in both cases.
I would suggest not listening to people who are not actually in the industry (nor have seen both bulge bracket and boutique experiences). Your experience will be good at both places however I am biased towards boutique. When you are talking exit opps the boutique MDs actually care where you go and will be proactive in helping you. Although certain groups at a bulge bracket do that, it is hard to tell if you are going to be in that group.
yeah both are very close...but I would think that a BB has a slight edge due to name recognition.
i.e. I'd think a company would rather interview someone from Goldman than someone from a small 50 man boutqiue
thx andrew... your years of experience make for valuable advice/opinions.
Sorry, this is just wrong. The question was not JPM vs. some "small 50 man boutique." It was JPM/Citi vs. Evercore.
Let's face it, 15 years down the line you can always have a BB name on your resume, which could be the smarter play if Evercore tanks. That being said, Evercore is tearing it up right now. I personally like their analyst program where you work on M&A, restructuring and PE deals during your 2 years. And that's exactly it. You don't care about where Evercore is going to be in 15 years, you care about where they are going to be 1-2 years from now, when you start looking for buyside jobs. And the answer to that is in the short term Evercore is here to stay and they have a pretty large impact. That being said, JPM M&A or FSG or something might trump an offer from Evercore, it's honestly a toss-up.
The risk you run is that 50% of Evercore's fees in the past 2 or 3 years have come from 5 clients. That won't last forever, but the firm is doing really well and if default rates go up in the near term and economy turns, you'll get your hands on some of the restructuring side.
Name recognition plays a factor, but all the buyside shops know about Evercore obviously. They also know what groups are strong and which ones aren't at BB banks. So Evercore definitely trumps a weaker group at a BB.
BB. At the end of the day, the BB name will always be on your CV.
you better believe it
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