If you had an offer from Baird in a coverage group or Citi Capital Markets, which would you go with?
I have two very similar competing offers. My goal is to have a broad range of exit opps—PE or Entrepreneurship.
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Baird IB. Capital markets exit opps are more narrow.
If you’re set on MM PE, the Baird Cov offer is compelling if it’s a strong coverage team, but the citi brand name will carry you farther outside of traditional high finance (and honestly probably would get you the same looks from MM PE as the Baird one. They’re pretty comparable; I would take Citi in your shoes for more optionality, but you should also consider culture of each firm and team (there’s a reason they call it shiti bank) and where you want to live during analyst stint and long term.
I would take Citi for brand name
What coverage group?
Would need more info on which groups. Baird has some really strong coverage groups that can place into good MM or even UMM funds and some that don't place as well. Overall, IB will give you a better platform to move to PE and if you don't see the PE exits you like, Baird is well respected and you can land a top position through lateral. Capital markets just doesn't give you the same skill set and you would very likely need to move to an IB role before you could move on to PE.
What groups don’t place well? What do other than industrials ?
Honestly not too sure outside of industrials. Their ADG team is really good, I think they've been building out HC as well. They also have a tech enabled services team which I've seen has produced some sharp people. Not sure what other groups they have as haven't heard much about them. Would also consider what the end goal is as they have teams across a lot of regions. Not sure if you'd want to be in the Milwaukee office or Chicago/NY.
Go to Citi and get placed in LevFin, since they model in the Capital Markets group.
That's 100% false -- they completely rely on coverage for any modelling.
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