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From what I’ve seen recently MOE/LAZ/PWP are all regarded very similarly with MOE and PWP on an upward trajectory and LAZ trending downward (MOE and LAZ are still seen as better than PWP, but the difference is almost negligible). I’d say all 3 are better than mid BB when considering pay, culture, avg exits, and level of exposure.
+1 sb thank you
would it ever be a good idea to take gugg over bb?
that $$ got me so tempted
Same lol. $100k base is crazy.
If you value/prefer the boutique model, of course.
headed to top group in mid-tier BB. I'd probably call GS/MS/JPM and EVR/PJT/CVP as "no brainers" over mid-tier BB assuming it's a M&A/coverage role and not capital markets. Would "maybe" LAZ/MOE because of sweatshop culture and their additional value depends on the mid-tier BB group.
I regret not recruiting at GUGG given their salary bumps and apparent good culture, but they're not quite as strong as a top group at mid-tier BB. Could see it go either way depending on what you value more...realistically I might choose GUGG over a mid-tier BB if I don't know my group, but if I'm already at a top group, then not worth it imo. HL RX is obviously in a separate category as it would only be worth it if you're into RX.
What about top coverage group at Baml/Barc/Citi?
Barclays is probably the only bank out of those three that has truly top-tier coverage groups. Many groups sending to MF PE (P&U, Industrials, HC), but rest of the coverage is also good. BAML top groups are products (M&A/FSG/LevFin). Citi's are M&A and maybe Industrials? Note, I'm only referring to PE exits, there are plenty more groups that are strong at each of these firms.
Rothschild if London or Paris
Qatalyst is an EB So definitely them. I’d also throw in industry boutiques like Ducera, Liontree, Incentrum and Dyal.
Everyone's taking Qatalyst over mid-tier BB, but nobody is taking any of the other ones over a top group at a mid-tier BB.
^^^
dyal is sick as fuck what are u talking about that place sends dudes from like state schools to KKR
MAYBE the only one of the extras you mentioned is Liontree, and that's just if you're super into their focus areas. Absolutely no to Ducera, Dyal, Incentrum over top mid-BB groups if your goal is maximizing PE recruiting
What about top group at mid tier BB vs average to “worse” group at top BB?
depends on the group, but most of the groups at the top BBs are already top of their peer group. Can't go wrong with GS Classic and MS/JPM are probably mostly competing between each other for top of street.
Not much sense in putting HL RX there. If you wanna do RX, you’ll take it just after PJT well over the others, otherwise it won’t be on your radar
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