Hi,
I have recieved offers from both Merrill Lynch IB as well as Greenhill & Co IB. I was wondering if anyone in the forum could shed light on the pros/cons either way, and which firm seems to be the better route to take?
To tell you the truth, while I know Greenhill would be a great experience, I am uncertain whether the name would really make my resume stand out. Will the Greenhill name get me into a top 5 MBA program? Most people I talk to don't seem to know about Greenhill...do most PE shops/MBA schools/industry insiders know/respect Greenhill?
Also, just to clarify -- this is only for a summer analyst position. Which firm would give me more options, come full time recruiting?
Sorry, I know I asked a lot of questions, but as many of you have probably been in this spot -- you know that its unbelievably frustrating/confusing. I keep going back and forth.
To tell you the truth, I also was considering offers from Goldman Equity Research, UBS IB, and Deutsche IB -- but i figured and from what people have told me, if you wnat to do banking -- stay in banking for the summer. And i figured Greenhill/Merrill would be better than UBS/Deutsche...
once again, sorry to be so long... Thank you for any help!!
I would say ML, Greenhill and UBS are all equally good opportunities. ML and UBS will be a similar experience while Greenhill will be more a pure advisory/boutique role - you'll probably feel more appreciated than as one of 100+ interns at the banks (though that can be good fun at times). Go with your gut - don't let a bunch of college kids on a message board influence a major decision like this. Go with the bank you got the best vibe from and the people you liked the most.
Yes, Greenhill will help you get into top 5 MBA program if that's what you want (they recruit only at HBS/Wharton for associates). You will primarily do only M&A and won't have to deal with and debt issuance/originations. Initially, it might be difficult getting adjusted since there aren't as many resources, but you'll like it once you get used to it. Two of my brother's friends are analysts there (I've hung out with them and both are cool, social guys that aren't very arrogant, yet very bright).
One guy is going to Providence Equity Partners and the other one decided to move into Greenhill's PE arm for his 3rd year. It's also considered more prestigious since I think they only recruit at H/Wharton/Texas/Virginia/Y/P for undergraduates.
Take it and run with it. Congrats!
Go with Greenhill. There's no risk that you will be put in a poor group because I believe all summer analysts are generalists doing not only M&A but restructuring deals (great experience to leverage into distressed debt HF someday).
Greenhill as a firm is considered more prestigious and more selective of candidates than ML. If for some reason you want to do BB banking full-time post-graduation, the Greenhill name resonates in the halls of Morgan Stanley, and I'm sure they'd love to poach a talented analyst from GHL after losing many of their top MDs to Greenhill recently.
For MBA, Bob Greenhill is a staunch supporter of Harvard Business School and has made some very generous donations there - I believe a building is even named in his honor. I can't imagine that wouldn't differentiate your application in the eys of a admissions officer.
You can't go wrong here... Greenhill is the most prestigious though.
no question, Greenhill.. you will also get paid much better than at Merrill.
Greenhill by far.
You'll walk into any MBA program, better exit opps, better pay. It's almost an exit as is.
i would definately take Greenhill over ML ibd.
i know a couple of people who had an offers from Greenhill but turned them down to do goldman ibd and principal investment at another BB respectively. however, Greenhill is a better bet than ml ibd. better hours, better pay (for full time, maybe not as an intern) and less pitching.
only word of warning - a few years ago they were not as selective when it came to hiring as their reputation wasn't as established. some of those they hired out of undergrad who are now 3rd year analysts/1st year assocs are very ordinary.
no doubt
Has anyone read the efinancialnews article about MD salaries at GS/GHL? http://www.efinancialnews.com/archive/keyword/Greenhill/1/content/1047189620
Apparently Goldman is the only large I-bank paying its Partner MDs $600k salaries (normal MDs make $250k), GHL being the only other bank that pays the same rate for its MDs. All other BB banks pay $200k-$250k.
Do you guys think this upwards bias is the case for all positions at Greenhill (analyst upwards)?
Does this higher base salary mean that Greenhill will pay out lower bonuses, or is the firm said to pay street level for total compensation?
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