Deciding between offers - Trying to figure out summer assoc...

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)

BankonBanking

Rank: King Kong
1,147

Jan 28, 2011 - 10:19pm

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.

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calbanking

Rank: Chimp
2

Jan 29, 2011 - 12:01am

cs >mckinsey > moelis > bcg > UBS

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Rank: Chimp
7

Jan 29, 2011 - 1:44am

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?

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papeete

Rank: Baboon
170

Jan 29, 2011 - 5:02pm

wp - how did you get so many offers?

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leveRAGE.

Rank: King Kong
1,179

Jan 29, 2011 - 5:42pm

papeete:
wp - how did you get so many offers?

he didnt...he said hes in the process

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papeete

Rank: Baboon
170

Jan 29, 2011 - 5:02pm

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 ?

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Rank: Chimp
7

Jan 29, 2011 - 1:44am

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

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papeete

Rank: Baboon
170

Jan 29, 2011 - 5:02pm

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?

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Rank: Chimp
7

Jan 29, 2011 - 1:44am

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.

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KB24TD21

Rank: Senior Baboon
194

Jan 30, 2011 - 11:55am

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.

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Rank: Chimp
7

Jan 29, 2011 - 1:44am

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?

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Rank: Chimp
7

Jan 29, 2011 - 1:44am

anyone?

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nutsaboutWS

Rank: Gorilla
628

Jan 31, 2011 - 12:18pm

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."

calbanking

Rank: Chimp
2

Jan 29, 2011 - 12:01am

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.

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