How Sharp of a drop off is there between the top banks and everyone else?
I know in banking everyone loves to pretend like the/MS/ and a / Wells is massive but in reality it seems to be incredibly small and nearly negligible if your goal is to be a career banker (exits seem to be materially different), but what is it like in S&T? I know GS/MS/JPM and / / are pretty much viewed as the cream of the crop and generally pay the best, but what is the gap between them and the rest of the pack. Is it more desk dependent the lower down the totem pole you get? What MM/small shops are the best to shoot for? Thanks.