Deciding between offers - Trying to figure out summer associate plans

WP's picture
Rank: Chimp | 7

New monkey here trying to figure out summer associate plans - in process at a few places and trying to weigh UBS LA, CS SF Tech, Moelis LA, McKinsey, BCG. feeling good right now, but not sure how to evaluate these. I really liked the folks across the firms. Any thoughts?

Comments (15)

Jan 28, 2011

Well first thing is first - do you want to do consulting or banking? If banking, then do you want to do Tech, M&A or something different? If you want to do IB and M&A, I'd probably lean towards Moelis. If you want to do tech, I'd probably lean towards CS.

Jan 29, 2011

cs >mckinsey > moelis > bcg > UBS

Jan 29, 2011

Want to do banking but unsure if it's worth passing over a McKinsey offer. I know there was a lot of talk about both UBS LA and CS SF Tech having issues due to key man loss which makes me think Moelis is probably best place from an experience point of view?

Jan 29, 2011

wp - how did you get so many offers?

Jan 29, 2011
papeete:

wp - how did you get so many offers?

he didnt...he said hes in the process

Jan 29, 2011

why do people waste time with such questions???? see where you get an offer and decide then.
What kind of yacht do you all think I should buy ?

Jan 29, 2011

Fair enough - Have offers with 3 of 5, waiting on other 2 (1 final round left, other waiting to hear back, just had final).

Jan 30, 2011

would you care to share how did you manage all the offers/good progress? I guess I am particularly keen to learn what sorts of technical questions were you asked consistently etc?

Jan 30, 2011
papeete:

would you care to share how did you manage all the offers/good progress? I guess I am particularly keen to learn what sorts of technical questions were you asked consistently etc?

Hm, I guess for me - I go to a target school, did some relevant stuff pre-mba, approach case interviews with lots of structure, studied up on accounting / finance, and was able to craft a story on "why" for each opportunity. Also, quite frankly, a bit of luck.

As far as technical questions - got a lot statement linking questions (flow through changes in dep. through statements), valuation methods (benefits and drawbacks or each), and some general economic questions (what do you think is going to happen with european sovereign debt crisis) on top of standard fit questions.

anyone else have any thoughts on the opportunities? Really like Moelis folks and have been pretty impressed by their story, but I guess two main concerns are that it's still a pretty young firm and whether the tremendous growth is sustainable.

Jan 30, 2011

I mean as an associate - you have to approach it as what do I want my career to be. Banking or Consulting... because now its not as easy as switching across industries. If you want consulting, you have two great offers there and as amazing as McK is, pick the one you felt most comfortable with. If you decide banking, then it becomes an industry choice - Tech vs. LA which is usually media and some hc or tech (not sure on Moelis). Moelis is a hard one to predict because they came out of the gates very strong - then have struggled recently but they still have talent at the top.

Jan 30, 2011
KB24TD21:

I mean as an associate - you have to approach it as what do I want my career to be. Banking or Consulting... because now its not as easy as switching across industries. If you want consulting, you have two great offers there and as amazing as McK is, pick the one you felt most comfortable with. If you decide banking, then it becomes an industry choice - Tech vs. LA which is usually media and some hc or tech (not sure on Moelis). Moelis is a hard one to predict because they came out of the gates very strong - then have struggled recently but they still have talent at the top.

For Moelis, what do you mean that they've struggled recently?

Jan 31, 2011

anyone?

Jan 31, 2011

McK for consulting, Moelis for ib.

Moelis is fine, they don't get as many deals done as they should, but their doing the right things to expand.

--
"Those who say don't know, and those who know don't say."

Jan 31, 2011

You should definitely take CS. First of all SF is a better place to do banking and you will get more interesting deals working in Tech. LA in general gets in front of less deals. Also Moelis has turned into more of a restructuring spot. Restructuring deals take about 12 months, so you definitely wouldn't get as much out of your summer experience. Moelis LA also bring back fewer people fulltime than they hire as summer associates. So if you are left without an offer after your summer it looks really poorly on you and will make it harder to recruit fulltime.

Jan 31, 2011
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