4 Comments
 
Best Response

ZJG,

These two places are pretty different in terms of experience. I've heard good things about JPM PWM but have more knowledge abot HL FAS. FAS as you probably have read on this forum is not an investment banking group at HL and its primary focus is on Fairness Opinions, Portfolio Valuations, PPA and so on. You'd get great tech skills, but in terms of transaction, presentation and client experience it's lacking, think glorified accounting (the valuation practice at Duff & Phels comes to mind). If you're a very technical guy, this place can be for you. As for the exits, I could argue since you're facing more PW customers and build better client skills, the exits could be better at JPM + name recognition. Not sure about MBA stats. Hope this helps. Oh, almost forgot - I've heard plenty of hot girls at JPM PB!

 
m0k0naZJG,

These two places are pretty different in terms of experience. I've heard good things about JPM PWM but have more knowledge abot HL FAS. FAS as you probably have read on this forum is not an investment banking group at HL and its primary focus is on Fairness Opinions, Portfolio Valuations, PPA and so on. You'd get great tech skills, but in terms of transaction, presentation and client experience it's lacking, think glorified accounting (the valuation practice at Duff & Phels comes to mind). If you're a very technical guy, this place can be for you. As for the exits, I could argue since you're facing more PW customers and build better client skills, the exits could be better at JPM + name recognition. Not sure about MBA stats. Hope this helps. Oh, almost forgot - I've heard plenty of hot girls at JPM PB!

Thank u very much for your advise! I would love to do IBD in the future, FAS or PWM which experience do u think is more valuable to help me get into IBD? Thank you!

 

Iure necessitatibus ab aliquid nulla. Eos illum doloribus vero porro. Nemo unde ut eveniet ipsum voluptatem nemo necessitatibus. Ad explicabo est consequuntur illum animi illo iste.

Ad minus dolores ut. Ab ratione est vel quo.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”