Has anyone else noticed this? Just randomly browsing and any comments saying guggenheim is not on the same level as other banks or is lower than perella/moelis/lazard etc just get downvoted to oblivion. reveal yourselves gentlemen
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LMAO it's so true. Gugg is definitely not on the same level as others. There seems to be a lot of astroturfing in general on this forum for certain banks.
After being in the industry for close to 4 years now it's also pretty clear that there is a disconnect between how people on this forum view certain banks (mostly driven by inaccurate assumptions on PE exits by college students who have never actually worked in finance) vs. how people in the industry actually view them...
Can you name the banks that you feel have had inaccurate assumptions on PE exits put on them. As someone who tries to use WSO for information it'd be great to hear from someone thats not another intern.
RBC, according to my friend whose a 2nd yr analyst and going to a mf soon
^, would be helpful to hear the real deal
Even Perella? and I would also like to hear the real deal^
Unrelated to this thread but you seem like a reliable source and I’d like to get your insight. What’re your thoughts on CS? WSO shits on them, but I think the criticism may be within reason.
Aight since the associate hasn't responded and all you kids are horny for rankings I'll give my take as someone who went to a target and has spent a few years in the industry. feel free to disagree or give me monkey shit I'm really not trying to argue. Everything here is on average, you will always find examples of the kid from RBC who got to "MF PE shop" while the GS FIG person didn't. Also, no one actually cares about these once you are working - just like no one cares about Penn vs Columbia once you are actually a student.
First is that you can make it to a MF from anywhere - seen people from MM shops like Jefferies go to Blackstone, etc. However, in terms of weighting it by probability for top MF PE exits and general prestige since that's all you guys care about, obviously places like GS/EVR have great exits. I think the major disconnect comes when comparing between boutiques and bulge brackets - imo there are 6 boutiques that generally are better for exits/general "prestige" than all the bulges outside of GS/MS/JPM. These are: Centerview, PJT, Evercore, Lazard, Perella Weinberg, Moelis. Have seen people get all combinations of offers from these 9 banks and ultimately comes down to the people that you've liked better.
People will say group at the mid tier BBs matters alot, which is true to an extent, but I still think the aforementioned banks do better on average even compared to M&A/Sponsors at CS, Citi, etc. Between boutiques like Greenhill, Guggenheim, etc think there's a little more of a toss up with those and the "mid tier" BBs and is a lot more dependent on fit. And then you have low BBs like UBS and other places like RBC/Jefferies/Houlihan which are all good but makes it a little harder. It's not as black and white as everyone thinks it is and at the end of the day doesn't matter.
Yeah, I've noticed I've seen people move from mid-tier BBs to EBs but almost never the other way around. Was a little surprised but makes sense now. Mid tier BBs might be better though if you're planning on exiting the IB/PE world though. Do you know if mid BBs or EBs place better into HSW on average? Also, low BBs compared to Gugg/Jefferies/HL for HSW on average? I know it's more based on the individual but curious if ad coms have a preference.
You make a good point - if you're bored and check on linkedin, you see a lot of lateraling from "mid tier" bulges to the EBs, but rarely the other way around.
And as far as non-finance exits go like corp dev, etc - maybe a bulge will help a little in terms of network and name recognition but many of the people working in industry corp dev are ex-bankers anyways so they'll know.
And as far as placement to b-schools like H/S/W: your first bank doesn't really matter as much since people will do 2 years in PE before going to b school, but anecdotally have seen that boutiques are better for this as you get more interaction with senior leadership who can potentially write recommendations, and also it's a little more unique for the admissions officer who doesnt have to see the same ex BAML/CS/JPM banker 100 times. Also, very anecdotally but sometimes the very top people at boutiques will write recs for you - which is why PWP has had the reputation on this forum that you get a great shot at HBS from there, since Perella and Weinberg are both alumni and used to be on the board. (when I was in school this is a reason I was heavily considering PWP over GS/MS). From what my friends have told me this is not as true anymore as the firm has gotten alot bigger, etc
Who cares? The bank / school ranking threads on WSO, the "which firms are BBs?" the "which firms are EBs?", the "why do BofA employees call the bank BAML," etc. are all stupid and a waste of time. Low quality content everywhere. You should make your bank decisions based on your conversations with people in the industry, not based on this echo chamber where you can pretend to be anyone you want.
Op is the same dude who cares about people calling baml bofa, let him have his moment
.
I am a devout follower of the "VP in LBOs" that is generous enough to share his wisdom.
I think there's a lot guggenheim shills because they have inferiority complex because they didn't end up at one of the consensus top 6 boutiques tbh and there's a massive drop off. sort of like going to an Ivy vs UI Kelly
I don't see that many Guggenheim posts on this site. It's usually GS TMT vs PJT RSSG bullshit. WSO is an echo chamber that unfairly targets some banks and glorifies others, are you really surprised? It's 99% prospects posting. Once you actually get a job, you'll have friends at other banks and don't feel the need to constantly shit on other people Your post is grossly inaccurate. Ivy vs Kelly? What is this 2010? If you're actually an Analyst (which I doubt), why don't you contribute to threads such as "PE recruitment process," "how to prepare for internship," "internship best practices," etc. instead of low quality stuff like this? I work at a mid-tier BB (CS / Barclays) that gets unfairly shit on by WSO but you don't have to engage in low quality threads Do I have an inferiority complex because I'm not at GS / MS? Nope and I don't know anyone in my group who does because only prospects care about rankings. Banks differ in more ways than historical exit opps
Well said. And thank goodness some people still do post helpful stuff like the subjects he mentioned.
Thank you for this. would you generally agree with what the other analyst 2 said further up that was upvoted a lot though?
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