Blackstone(BAAM) vs. ML IB vs.MS Energy IB vs GS PWM

Guys, assuming all goes well and I were to get full time offers from these firms(dont have a division for ML IB yet) which would give best exit ops, best b school(HWS) chances, and highest pay during analyst stint? Blackstone would be for their Hedge Fund of Funds. Anyone have actual numbers for MS and Blackstone(do they get paid same as Bstone PE)?

Please educated comments only.

16 Comments
 

Any of the first 3 would look great. PWM is pretty lame as far as HWS is concerned, but you never know. They do look for "diversity" and all!

 

Well, speaking for myself, I don't know really know anything about Blackstone HF. I'm assuming if its a hedge fund of funds the pay would not necessarily be better. I know a guy at a hedge fund of funds and he made it sound like most of his day was due diligence at all the possible HFs. Would due diligence get paid for as much as 100+ hour work weeks like you would see at one of the IBs? I wouldnt think so. Exit opps would probably be fairly comparable.

 

I'm guessing the overall pay at a hedge fund of funds would be lower (primarily due to a lower bonus) but that the hours would be far better. Probably comparable exit opps and/or impression made on b-schools (not at all true of PWM).

 

Definitely not Blackstone BAAM... the work you do is not the same as Blackstone M&A or Private Equity...don't be misled by the name itself.

If you are looking at PE for exit ops and boosting your chances to go to a good business school, definitely take ML IB or MS IB. Both banks are good, and it is important to join one that fits your personality.

Goldman PWM is a joke... Goldman is definitely not established for wealth management.

 

I totally agree with joining a bank that fits your personality, but ML and MS are so similar to an outsider (never worked at either) that it would seem hard for a potential first-year analyst to distinguish the differences in "fit".

To my outsider eyes, Morgan used to be the shit on Wall Street in the 1960s and 1970s (even Goldman was nothing back then) but ever since the 1980s Merrill has been nearly head-to-head with them. ML and MS are now both large, established BB firms whose favor is holding steady to slightly declining.

For me, I'd rather work at the WFC than in Midtown, but I think 90% of Analysts would choose Midtown instead. At the end of the day, MS might also still be ever so slightly more prestigious. Energy is also a hot field right now and will be for a while.

 
Best Response
My NYSEI totally agree with joining a bank that fits your personality, but ML and MS are so similar to an outsider (never worked at either) that it would seem hard for a potential first-year analyst to distinguish the differences in "fit".

To my outsider eyes, Morgan used to be the shit on Wall Street in the 1960s and 1970s (even Goldman was nothing back then) but ever since the 1980s Merrill has been nearly head-to-head with them. ML and MS are now both large, established BB firms whose favor is holding steady to slightly declining.

For me, I'd rather work at the WFC than in Midtown, but I think 90% of Analysts would choose Midtown instead. At the end of the day, MS might also still be ever so slightly more prestigious. Energy is also a hot field right now and will be for a while.

MS is not ever so slightly prestigious, it is far more prestigious.

 

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