3 OFFERS - HELP ME PICK! NOW!! LA vs NYC, BB vs top boutiques?

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offer from Houlihan Lokey in their financial restructuring group in LA
offer from Moelis NYC ibd generalist
offer from Barclays Capital in IBD in NYC (specific group determined next year in training)

Out of these 3 offers, I am implicitly casting Moelis off the list because it seems that their class is so huge and the calibre of their NY office doesn't seem to come close when compared to their LA office..

How would you rank these offers? P.S. I don't have a legitimate banking internship so I don't know whether I prefer restructuring or m&a..I just want to maximize my exits to PE..thoughts?

Comments (32)

 
Oct 13, 2010 - 7:33pm

You should retitle this post to "3 OFFERS - IN NEED OF SOME GENERIC ADVICE NOW!!"

Oh well, I guess I'll start offering some real advice with this common WSO template:

Congrats! Wow Man!
You should go for what you're passionate in. Those are all [pick one: impressive, great, amazing, product of envy] offers!!! Personally I [work, don't work] at [name of one of the banks you mentioned] and I can [say/heard] that they're absolutely [amazing/horrendous/brutal].

HL is great if you're passionate about [name specific financial area or product, even though you should already know this by now and have picked your areas of interest].
Moelie is great if you're passionate about[name specific financial area or product, even though you should already know this by now and have picked your areas of interest].
BarCap is great if you're passionate about [name specific financial area or product, even though you should already know this by now and have picked your areas of interest]

If it were me, I would take up [insert name of bank] out of that group! Even though my opinion is completely personal and based on my own preferences, independent of yours and should bare no relevance on your own opinion because we're not living the same lives.

[pick one: Good luck! / Best of Luck!]

 
Oct 13, 2010 - 7:38pm

lookatmycock:
You should retitle this post to "3 OFFERS - IN NEED OF SOME GENERIC ADVICE NOW!!"

Oh well, I guess I'll start offering some real advice with this common WSO template:

Congrats! Wow Man!
You should go for what you're passionate in. Those are all [pick one: impressive, great, amazing, product of envy] offers!!! Personally I [work, don't work] at [name of one of the banks you mentioned] and I can [say/heard] that they're absolutely [amazing/horrendous/brutal].

HL is great if you're passionate about [name specific financial area or product, even though you should already know this by now and have picked your areas of interest].
Moelie is great if you're passionate about[name specific financial area or product, even though you should already know this by now and have picked your areas of interest].
BarCap is great if you're passionate about [name specific financial area or product, even though you should already know this by now and have picked your areas of interest]

If it were me, I would take up [insert name of bank] out of that group! Even though my opinion is completely personal and based on my own preferences, independent of yours and should bare no relevance on your own opinion because we're not living the same lives.

[pick one: Good luck! / Best of Luck!]

um...wtf?

 
Oct 13, 2010 - 7:35pm

BarCap

------------------------------------------------------------------ "I just want to be a monkey of average intelligence who wears a suit. I'll go to business school!"
 
Oct 13, 2010 - 9:07pm

Dude congrats I think your best PE exit opps. would be Moelis. Would you mind posting your resume so I can get an idea of what I have to work up to? THX. and good luck!

"The higher up the mountain, the more treacherous the path" -Frank Underwood
 
Oct 13, 2010 - 9:16pm

do you know what do you like more? restructuring or M&A? It's it's M&A, go to barcap, if it's rest, go to hlhz. If you like a mixture of both, go to moelis (word of caution - sweatshop...)

 
Oct 13, 2010 - 9:43pm

What's even to consider here. Barcap, end of story.

Ace all your PE interview questions with the WSO Private Equity Prep Pack: http://www.wallstreetoasis.com/guide/private-equity-interview-prep-questions
 
Oct 13, 2010 - 9:47pm

barcap doesnt have standalone m&a, only industry groups. its risky because you might get placed into the healthcare group as an ecm analyst (for example) - no way to know exactly what you'll be doing a year from now. hlhz is TOPS for restructuring - a stern grad i know that did restructuring there for 2 years and is now at TCW in LA is pulling down 400,000...and hes 24. moelis is a sweatshop as others have said. id take hlhz any day.

People tend to think life is a race with other people. They don't realize that every moment they spend sprinting towards the finish line is a moment they lose permanently, and a moment closer to their death.
 
Oct 13, 2010 - 10:07pm

HLHZ really is the single best firm in the world in restructuring. They just do more restructuring than anyone else. Restructuring is the ideal background for going into distressed investments/turnaround funds (Oaktree, Strategic Value Partners, etc.). It can also be useful for going into special situations/high yield credit trading, though the path there is less clear.

I can't really speak on Moelis, though it's well respected, and known to work its analysts quite hard. The latter is true of almost any boutique, though.

BarCap could be a fantastic place to start a career, but you need to stand out/get lucky to get placed on a strong team. Since you don't really know what you want to do, I would probably pick BarCap, since it provides the widest possible career path for you of the three places you mentioned.

 
Oct 13, 2010 - 11:07pm

ahhaha I'm not sure if thewallayb is speaking nonsense. ecm/dcm are broken up in verticals meaning you can cover a specific industry within ecm...i believe.

dukedude, are you really a dude or are you a chick..i feel like i know you.....

 
Oct 14, 2010 - 9:33am

HLHZ - outside the US it doesn't command as much respect as the other two. If you want good exposure (and potentially a variety of product) then Barcap clearly is the one to go for. Moelis is restructuring and M&A I am guessing.

My choice - Barcap. I am sure you will get a chance to network with the various groups etc and influence, to some extent, where you end up.

From the ghetto....
 
Oct 20, 2010 - 8:08pm

what is with all these retarded threads in which pros. monkeys just want to talk about their offers even when its an obvious decision? take the BB everytime vs. non-elite boutiques. man

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