Advice on Offers, Please

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For one the brand name itself is the strongest. BMO doesn’t tend to lead much and can be sweaty. Isn’t a powerhouse in nyc.

Wells Fargo is a decent banking shop, but I don’t think their trading arm is very strong. However, if you’re interested in trading then I would obviously take it.

Morgan gcm is not very technical and would be considered a soft group by the modeling hardos. But you will get exposure to all the top deals and lateraling around that bank as a junior happens all the time. So once you’re foot is in the door, you could potentially move to a top group like sponsors or tech.

 
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If you want banking, go to Bmo and then recruit elsewhere for FT. Base is 100k (at least that’s what they paid the interns after they bumped), high conversion rate, you will be working more than 40 hours.

If you want capital markets, go to MS.

As others have said, don’t go somewhere just because it has a higher base because after taxes it’s pretty small. Don’t put yourself behind for a better brand name. If you want banking, 100% Bmo, if you want capital markets MS all the way. I work at one of the firms mentioned if you want me to dm you advice.

 

Close friend of mine works at MS GCM and loves it. The MS brand is much better than BMO and IMO FT recruiting for IBD would be easier coming from MS than BMO (you liked GCM but wanted to do IBD rather than I do IBD at a lower tier shop). 

Also, know someone who left GCM at MS for MFPE and another for UMM PE so it's possible. 

 

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