I'm trying to decide between full time offers at the two banks, and was wondering if anyone could provide an additional opinion. Also, if someone has a higher level understanding of pros/cons between being a career banker and moving into/PE, and what the two areas might look like in the future, I'd really appreciate it.
Both are generalist M&A models, though with Centerview, you're assigned to specific accounts/ companies. Both offers are for New York. I worked atover the summer, so I liked the people there and would be happy to go back. I also liked the people I met at Centerview during interviews though. Both are similarly sized/ small deal teams, and I don't think prestige differences are a factor here. I don't think either firm has done layoffs. Good deal flow at both places.
Centerview has a three-year analyst program, is more focused on developing bankers (strong A-A tradition), and has more variable hours than. The work seems to be more focused on strategy in addition to deals (such as helping the CFO prepare for a board meeting concerning a new business plan), which is interesting to me. It also seems like there is more client exposure, but it could just be that I was a at , which would limit the opportunities for that. I understand that they pay above base, but I don't think money should be a consideration.
has a two-year analyst program, strong placement into PE/HF, and had pretty good hours (for banking). The work was intellectually interesting, but I like Centerview's added dimension on strategy, since it would allow me to understand -how business actually works. It might have a bigger brand though, which could be helpful in the future.
What it essentially comes down to is how interested I am in being a career banker, or if I'd want to move into HF/ PE down the road. A somewhat sustainable lifestyle is also important, and I probably wouldn't do well pulling constant all-nighters. I think the two vs. three year analyst program should also be a consideration, but not sure. I like the strategy aspect of Centerview, but this could go depending on how bad the hours are.