GS/MS/JPM vs EVR/PJT/PWP
What are the main pro’s and con’s of these 2 categories (BB vs EB)? Curious to see everyone’s thoughts and have a great discussion.
What are the main pro’s and con’s of these 2 categories (BB vs EB)? Curious to see everyone’s thoughts and have a great discussion.
+227 | My chaotic IB journey | 27 | 3h | |
+211 | MS M&A vs GS HC | 48 | 8h | |
+176 | Ending My Life if I don't get an SA 2025 Offer | 63 | 17h | |
+115 | Anyone live in a different country before? What’s it like? | 43 | 13h | |
+72 | Hazing in the Bullpen. What to do? | 15 | 3h | |
+53 | MD shoved food down my throat. Is this normal? | 16 | 15h | |
+39 | Improving in TMT | 11 | 2s | |
+35 | Basically necessary to be a varsity athlete to get BB IB from Bowdoin? | 22 | 1d | |
+34 | Later Chodes - I'm Taking My Talents to The Mega Fund Leagues | 8 | 1d | |
+24 | Hypothetical Valuation Question | 6 | 5d |
Career Resources
EVR/PJT/PWP/Any EB besides Greenhill/Gugg all DAY every day. Higher salary, higher analyst responsibility, better exposure to seniors, WAY better culture (incoming Moelis analysts…). The only downside to an EB is your non-finance friends and girls you talk too won’t know where you work. But at that point it doesn’t matter because you are making it rain anyway. I got rejected from every EB but work at a lower tier BB and it’s so big it sucks! My friends at EVR/PJT/PWP/CVP really like the people there.
Does it really matter if your friends or the general public know where you work? I've got friends working at all sorts of places, and ultimately dgaf what they do lol. It's not super relevant.
What’s the point of banking if people don’t know you do it?
What's wrong with Greenhill and Gugg?
Nothing wrong at all, they are just a little below EVR/PJT/PWP in terms of pay & exits
Can you comment more on why you are turned off by the size of your BB?
Why PWP and not, say, LAZ/CVP/MOE/etc.? I'm honestly just curious and not trying to be all, "he works at PWP look at this guy!" It just seems like the "big 3" of EBs changes with every thread and it's totally unclear to me what the criteria are. Was it just an arbitrary choice?
Yup just arbitrarily chose those 3 EB’s. They are all virtually the same tbh, anyone who blows one over the other is likely working there and deeply insecure haha
Every EB is basically the same with the exception of GH/Gug imo. Personally though from what I've heard, EVR/PJT/PWP are just the best mix of overall culture, comp, and prestige. CVP could easily be in this as well but given the 3 year analyst program and slight discouragement of PE recruiting, it's probably a very marginal notch below. But this is all stupid, any EB is a fantastic option and should make anyone proud!
I mean, to be fair, Evercore does have a three year analyst program too... if you want to stay on, you have to be a 3rd year analyst (senior analyst) before being promoted to associate...
Granted the caveat is probably still valid given CVP's clawbacks or whatnot
Seems inaccurate to lump Gugg/GHL together nowadays, given pay/trajectory of Gugg.
I'd say because EVR/ PWP/ MOE are slightly harder to get a jobs at due to size/ prestige. They're also growing very rapidly and performing as a better traditional advisory firm, whereas Laz is like a small BB trying to be an EB.
lol dude they're all good. at this level, the difference between each firm is how much you'd "enjoy" working there.
For comparability
GS/MS/JPM = PJT/EVR/PWP
CS/BAML/BAR = MOE/LAZ/CVP
UBS/DB = GH/GUG
This is just my personal take, all are incredible options so don’t respond with negativity!
Looks good. Just move RBC to tier one. Thx
Agree, but I would add CVP to top tier due to deal size!
The caliber of candidate going to CVP (or in some cases LAZ/MOE) is so much higher than CS/BAML/Barclays, it's not close. Most of the analysts at CVP turned down some combination of GS/MS/JPM and would never consider the other 3 BBs you list--that would be totally unheard of. Your grouping them as equal is nonsensical.
I think they meant like tier 1, 2, 3 in their respective categories rather than being equal in prestige
I disagree with Gugg
-Someone not at Gugg
Just curious, is PWP regarded at the same level as PJT/EVR? I thought it was always PJT/EVR/CVP then MOE then everyone else. Sorry to turn this into a rankings thread. Really just curious about what people think of PWP.
Yes
not sure how people make "rankings" these days but based on deal size, comp, and exits, yes
No lol. It’s PJT/EVR/CVP then MOE/LAZ/PWP. PWP had a great year so people here have been overrating them. Which is funny because a few years ago people shit on them.
No. Swap CVP and PWP
Moelis is officially in that upper tier these days for many reasons
Ok Ben.
Just last year people were saying pwp was on a stagnant trend. Even considering it only above gh in the eb circle. Why have people suddenly exploded making it a top eb among PJT, EVR, CVP.
They’ve been killing it in revenue, league tables, and exits. Last year’s threads were also nonsense (by people who likely got rejected from the firm). For instance, someone said PWP hadn’t been on any large rx deals when they’d been tapped by the treasury for the airline restructuring like a week before.
Second this, last year’s threads were ridiculous. For context about why they’re being hyped now, PWP had a larger combined m&a volume (by value) than PJT and MOE combined in the first half of this year and had higher Q2 revenue than PJT, despite having fewer employees
Looks like someone got dinged
Dang was just curious, done know why all the MS.
Literally no one would take PWP over the three you listed. There’s just a few fanboys on here pumping up their own team.
I would take GS/MS over an EB any day. The PE exits are comparable, but the exits to any role outside of PE are far superior. Big part of the pitch for EBs used to be that there is no group selection, but this is no longer the case for a few of them. Also, you quickly realize that group has almost no bearing on PE recruiting (far less important than bank, undergrad school, and GPA). It is impossible to know what you want to do coming out of college, and I believe having the GS/MS name on your resume is invaluable in case you decide to pivot. My life has taken turns that I couldn’t have imagined as a senior in college, and the GS/MS name has been instrumental in allowing me to land my dream role. I don’t believe my transition would have been nearly as easy if I decided to go with an EB. I almost went with an EB in college but decided against it after receiving advice from an experienced professional, and looking back, I am incredibly happy I listened to the advice. The substantial discount in pay was worth every penny. Rather than taking a pay cut versus an EB, I viewed it as I was buying options on my career. After some unforeseen events, I used that option and landed my dream job.
Might get crap for this, but I would probably give it more thought if offer was JPM. A lot of friends went there and the exits seem materially worse. The groups are also huge (analyst class is basically size of GS/MS combined). On an absolute basis, GS/MS place better, and on a relative basis they place far better.
Thanks for your post
Did you leave finance?
Moved to a niche part of finance and also moved cities. I interviewed for a broad set of roles though and the GS/MS name carried a lot of weight in all of them. People see the name and immediately understand the training provided, what the analyst program entails, the skills you develop, and how competitive it is to get a role there.
That's a very interesting way of looking at it, thanks for the insight.
Agree completely with this. And to be honest, I think the only ones who say EB > GS/MS are the ones who didn’t get a GS/MS offer and went to an EB
edit - or because EB’s recruited earlier. Bird in the hand worth two in the bush.
This is entirely untrue. Must EBs recruit before MS/GS start
I received offers from every BB except Barc, UBS, and DB. Picked PJT/EVR. Most of my friends and intern class did as well. The only ones I know that turned down PJT/EVR were for MFPE internships. I only know 2 people that turned down PJT/EVR and that was for GS TMT. PJT/EVR SA are now the largest feeder into MFPE analyst programs. EBs recruit before BBs and they typically get their choice of the best talent. I likely would've recruited for MFPE, but my offer would've exploded and it was way to early for them to accelerate.
Couldn’t agree more with the options framework. I think the GS discount factors in universal brand name recognition and that goodwill affords you a quicker pivot to non-high finance exits that are just as lucrative and increasingly popular. This is especially true outside of the US. Lots of grads go into banking and realize they want to do something else shortly after, strategy/consulting/BD/partnerships/whatever, and from my own experience compared to peers at EB’s, I feel like the brand helped me stand out. That being said, there’s not the slightest chance that it’s what took me through the finish line, and any of the firms being discussed here are exceptional launch pads for a career.
tldr; Pepsi makes 2x the revenue that Coke does, but it’s still Pepsi and it will never be Coca Cola.
Thanks for the insight. I appreciate you are putting “GS / MS” together since in IB they are above JPM but I would have assumed JPM has a bigger name outside IB than MS, no? (Also not sure if you were at GS or MS). Not trying to say you’re wrong, just curious
Thanks for the insight. I appreciate you are putting “GS / MS” together since in IB they are above JPM but I would have assumed JPM has a bigger name outside IB than MS, no? (Also not sure if you were at GS or MS). Not trying to say you’re wrong, just curious
Thanks for the insight. I appreciate you are putting “GS / MS” together since in IB they are above JPM but I would have assumed JPM has a bigger name outside IB than MS, no? (Also not sure if you were at GS or MS). Not trying to say you’re wrong, just curious
I did, so maybe biased. They all have pretty equal name recognition for IB imo. JPM is definitely a bigger name, but that’s because you can get a credit card and a loan from them.
I only included MS/GS because their exits are on par with the EBs, so you’re not missing out on PE placement while still getting more career optionality. MS/GS are also less balance sheet driven than JPM, so experience is closer to EB, although still definitely worse. I know a lot of people who went to JPM and their placement is just okay. Someone recently posted a thread with MF exits from different BBs (based on LinkedIn). On an absolute basis, both MS and GS send a fair amount more people to top “top” PE shops. JPMs IBD class is also basically twice the size of GS/MS, so relative to class size, it’s not even close.
Do you agree with this for mba associates as well? (I will be joining MS/GS this summer) I am worried about the possibility of re recruiting this fall for EBs because I’ve heard so much on WSO about EB >>>>>>>>> BB
Currently weighing JPM with an EB right now for SA. I'm afraid my quality of experience will be materially worse and I'll end up disliking banking but think the JPM name will set me up well at the beginning of my career. My goal isn't MF and see myself in growth but I have mentors telling me to take JPM. Do you know anything about JPM culture / groups?
GS > Any other bank.
prob like 4/5 top wharton kids would choose eb over bb. would honestly almost say 9/10 but being conservative
Would not say that at all. Had multiple top Wharton kids in our group (top group at BB) and their friends to who took offers over GS / MS top groups went to buyside, not to EVR / CVP type firms.
To be balanced, however, EBs definitely get smarter, more well-prepared candidates compared to BBs, which is what creates the illusion that the top students take EB over BBs. In reality, it's less a function of them choosing to go there over a BB (ie cross offer between EVR / GS) and more a function of recruiting timeline (EBs generally much earlier) / structure (much greater emphasis on technicals at EBs). FWIW - I went to a target and we had 5+ cross-offers for this summer between EBs and top BBs, and and all of them took the top BB. Associate recruiting has a different set of considerations, but think most college students value the long-term optionality and brand recognition of BBs.
I’m an MBA associate at GS/MS, and there is a perception that MBA’s care less about brand value and more about money. This is very largely untrue.
MBA programs in the US tend to have young average ages 25-28 ish , we are only a few years into our career. And most of us (80% ish) won’t stay on until MD. It’s the reason GS/MS is still the most attractive.
I mean I can only speak for my actual experience man but that's what I overwhelmingly see, at least for this past recruiting cycle.
Didn’t find this to be true at the Ivy I attended. EBs may have attracted better finance students, but not “smarter” people. Typical person going to EB joined an investment banking club first week of freshman year, started networking freshman year, and believes their life will be over if they don’t get MF PE. People going to BBs were more of the liberal arts type who had good grades and knew thank IB was a great platform, but weren’t entirely set on what they wanted to do with their life.
Yeah do you even go to penn?
How come Rothschild isn’t mentioned here?
Is it not hand in hand with the EBs mentioned?
Def not in the US
Rothschild is reputable exclusively in Europe (more like France and UK)
For Ny it's great, but still below the other EBs as they do not focus on trying to land mega deals as much. They focus on rapid fire smaller M&A which is why they still place highly on the overall league table without having mega deals.
People there I've spoken with say that it does kinda suck that they don't do mega deals but that it also means there is much less pitching since they have so many smaller ones.
Generally I think the EB model is a better experience for analysts and associates to learn how to be good bankers. There are a lot of nuances to each program to consider. Especially because you normally start out as a generalist (think Lazard is the exception but they let you specialize in 2 coverage groups as a junior). MS is also a generalist program to begin fwiw.
I would also add a tier for tmt boutiques like Q, LionTree, Allen which I think you can also make a case for taking over an eb or bb based on your goals
Doesn’t MS do group placement immediately?
Analysts yes. Associates go into a generalist pool
IMO what EB you go to says little to nothing about the quality of your candidacy. EBs fall in and out of Vogue based on movements of rockstar MDs (ex. GHL, P&U from Barc -> Gugg etc). Equating your self worth with that seems ludicrous. The guys shitting on GHL today would have creamed their pants over that offer three years ago.
FWIW: At the target I went to, the best talent exclusively went to EBs - even the likes of PWP/GUGG/GHL over GS/MS/JPM/PJT M&A (ik PJT M&A is not a BB but similar timeline) simply bc of how late they recruit. And most guys would be crazy to turn down a $200k paycheck for the chance to chase clout tokens at Goldman. Most kids who do go to BBs are usually diverse (so timeline doesn’t matter) or mediocre/unlucky prospects who did not receive EB offers and are therefore still recruiting in August.
Agree best talent went to EBs, but I think there is a lot more nuance to this situation. On the pay differences, given new pay bumps / recent GS bonuses, pay is less of a difference (ie, 1 / 2 year ANL at GS are now at $110k / $125k, and top bucket bonuses for first and second years respectively have been $115k and $145k). That said, this year is the first year that it's happened so not sure if it will continue into the future (though senior management has indicated to junior IBD folks that it will). All in, a top bucket first year could hit $235k at GS (110 base + 115 bonus + 10 sign on), and a top bucket second year could hit $270k. FWIW - PJT had the same middle bucket bonus payouts as GS this year.
Agree on the diversity point. 50-60%+ of GS classes seem to be diversity hires or partners referrals, and in conjunction with the lower bar for technicals, creates a class that is less technically strong than the average EB class, which cares much more about pure intellect / competence in finance. I think this is a big reason as to why PJT / EVR objectively have greater MF / top HF exits per capita compared to GS.
On the other hand, I think the alumni network for GS / MS, given the historical reputations for firms like these (with many decades), is strong (ie how GS was pretty frequently referred to as "Government Sachs" in the early 2000s / early 2010s given where the alumni have placed in politics). The heritage for GS / MS in history is substantially stronger, given they have been around for a longer time. I know a friend who left Citi / BofA to go to an EB (CVP / EVR), and multiple MDs were confused by the jump (ie "Totally understand if you are leaving to go to GS, but why would you go to "X" EB?). Obviously, there are clear reasons to make that jump (greater pay, better culture, etc.), but realized that even within investment banking at the BB level, there is a degree of conservatism and valuing heritage / historical track record. Watch Bill Ackman's interviews about who he like to hire, and he frequently says something to the effect of "We hire people from Goldman Sachs / Blackstone's M&A group (ie PJT)". Interestingly enough, many senior folks I know still refer to PJT as "Blackstone's M&A team", despite the spin off. Maybe I'm over-reading, but definitely seems to highlight the value of history / track record.
Never understood the idea of "more responsibility"; yes - you are working purely on M&A which is more intellectually stimulating, but trust me, at a strong group at GS / MS, I don't think anyone there is looking for more responsibility than they already have given how lean the teams already run (ie one analyst on most deals, and each analyst being staffed on 3-6 deals, 50%+ more being live). Working across products at BBs and having large analysts classes also give you pretty good broad exposure, though the large analyst class benefit is reduced in the COVID situation. Hours depend more on which staffings you are on (which are affected greatly by the team you are on), so hard to generalize across firms. After the bad PR from GS-13, there's been a pretty strict policy on protected Saturdays (ie Friday 9PM to Sunday 9AM). Certainly biased as a GS analyst, but wanted to share at least how I thought about it.
OP here. Agree with everything here. Very well put. The whole “more responsibility” thing seems like bullshit when everyone’s plate is already full to the brink - only exception being maybe for someone who cares for a generalist/RX experience set.
Also agree that pay will be a non-factor moving forward and that there are many upsides to a classic BB investment banking experience. In fact, I think caring about 50k as an AN1 is kind of short sighted unless you have immediate financial concerns to worry about so was not considering the pay gap as a factor to begin with.
The greater emphasis for me is on timing. Even with the possibility of an all-in comp at GS of 235k and with the brand benefits, if someone has an offer with PWP/Gugg/GHL with the possibility of all-in comp of 210k (just an example - idk what they make just pulling something out of my ass/sorry if inaccurate) - how can they justify punting that offer just to wait 2 months to APPLY to GS given that they don’t accelerate unless your last name in mantled on a building in Times Square? Unless diversity, people rarely find themselves in the position to compare EB vs BB unless the BB in question is Citi/RBC/BMO and the EB in question is PJT M&A.
On the point of exit opps, I know people who might be willing to make the gamble for a higher probability of breaking into BX PE or Apollo HVF. But it’s the shit show everywhere and from anywhere. Remember how hard it was to break into IB from undergrad and how random the process was. Going to the buyside is the same.
If DB can send even one guy to BX, that tells me it’s more about the candidate than the group they come from. Especially with things like diversity processes making it harder to pin point 1 or 2 groups as having the best of the best candidates. There is no “Top Gun” for juniors on the street IMO. I know plenty of people who couldn’t break into a BB/EB/MFPE career out of undergrad who were sharper than well-connected or diverse candidates who did. HHs know that and so do the buy side shops.
Another point on this. Have been meditating on this for the while bc thinking of exits rn as well. So what if we end up at a MF? Sure the LinkedIn will look absolutely fire for a few years, but then what? How long would I want to stay there/work for someone else at all? Sure, any MF is a fantastic career opportunity, but IMO the only BX employee history will care about is Stephen Schwarzman. I’ll let you decide whether that matters to you haha.
I think given this, anyone considering IB offers and about to write a ABC vs XYZ post should just focus on going where they like the work and people the most. If you’re in the position of comparing IB offers, congratulations - I think you’re already on the top of the world.
In my opinion, there is little-to-no justification for taking GS/MS/JPM over EVR/CV/PJT, at the analyst level, these days. Pay is miles better. Hours are better. Better experience (or at least more responsibility). As-good-or-better exits - due to the experience and a bit more free time to prep. GS might be a (marginally) better platform for career bankers, but guess where you'd have no problem lateraling after a half-decade at any EB? The contention that 'industry doesn't know who XYZ EB is' is laughable as well - Google has heard of Moelis. Sure, some industrial services client in Des Moines might not be familiar, but if that's where you're lateraling as a third-year VP that's being pushed out, you're way better off at that point with an extra $1mm in the bank than you are with "Goldman Sachs" on your resume.
Going to push back here, it's not that clear cut.
Pay gap has become more marginal due to base increases (why do you think GS/MS pay $110 now?).
If you're trying to work in VC/GE or tech, I would argue the opposite case, why would you go to an EB not named Qatayst instead of GS/MS/JPM?
Even when comparing Q to GS/MS, getting exposure to earlier stage clients via IPOs is a huge reason many people go GS/MS despite the insane pay at Q.
How would you view this in European (London) context? Still would you choose EVR/PJT/PWP (what majority of comments seems to do) vs GS/MS/JPM?
EBs in Europe aren't as strong as they are in the US, but the logic still largely applies. Know many Oxbridgel/LSE kids choosing Evercore/PJT over the top BBs in London
This is retarded. EBs take kids from places that top banks wouldn't touch here. Seen a kid go from Coventry to Evercore LOL. They also mainly do MM. Nobody is choosing EVR over MS/JP/GS IB in LDN.
the WSO obsession with Perella is bordering on so incorrect that I am almost convinced someone started it as an elaborate joke lol
https://www.wallstreetoasis.com/forums/the-truth-about-pwp
To be fair PWP is killing it this year in 1H 2021, doing better than Moelis Lazard and PJT. I’m at a BB but still gotta respect when one EB is doing well, props to them
Agreed - props to PWP and they are clearly finding a foothold.
The reality is though that the college-aged aspiring summer analyst population clearly doesn't fully understand the EB business model, which does not lend itself well at all to traditional ways of comparing firms. Looking at league tables doesn't work, in my opinion, because all deals and fees aren't disclosed and aren't public. League tables work for BBs because a material chunk of their fee revenue comes from public offerings and thus league tables are more or less close to accurate, but there are many deal fees that independents aren't required to disclose. Also can't look at revenue on disclosures because each has their own methodology for deferring revenue on potential deal fees. What's more, massive deals banked by independents still have like maybe 5 or so junior bankers work on them over their lifetime. That means you could be at PWP (or PJT or Moelis) closing a huge deal but you also could easily be working on something small.
I get it - people are looking for an easy way to compare one over the other - but the reality is that "deal fee per banker", especially at the independents, doesn't really matter for junior bankers as much as the typical exits, exposure and experience within your preferred industries.
GS>MS>EVR>PJT>PWP>JPM
Depends on what you want, I think - would go to a firm / group that aligns with what you want to get out of an analyst program / exit into afterwards. On average, EVR / PJT will place better on a per capita basis into PE / HFs (I think partially a function of their focus on M&A / more technical aspects of the job, and partially a function of the fact that they have a higher standard for technicals during interviews) than a GS / MS.
Even within GS there are a different set of exits for many groups driven strongly by the culture and personalities of those on the team. Many in CRG often go into corp dev / consumer-related startups, and TMT / Ind / FIG on average care more about PE exits. TMT / FIG on average have had a good proportion of their class exit into PE. For instance, PE exits in TMT this year were 3 Silver Lake, 1 Warburg Pincus, 1 Carlyle, 1 TPG, 1 KKR, 1 Altas Partners, and 1 General Atlantic. That said, if you know you want to go to a single-manager HF after IBD, a BB likely would not be the best fit given you won't have a group of people who align with you in terms of interest; you'd in a much more conducive environment at a PJT / EVR RX or M&A team in which people are much more intellectual / care about pure finance.
This
What about the counterpoint of this - you're a more unique HF applicant coming from a top BB? I know some firms (mine included) have "quotas" for how many associates we hire from certain banks/groups (which is why sometimes exits from a top group can be challenging if you're relatively less impressive than your peers)
For tech GS/MS >>> EBs (excl. Q) but for anything else probably better to be at an EB (+ PE exits, + salary, + analyst responsibility/exposure, – brand name outside of finance)
Agree here with GS/MS (+ Q) being top in tech. Some EBs have solid tech groups (e.g. Evercore) but simply not on par with GS/MS.
Since equity is such a huge component of tech and something you won't get at a boutique, and considering how much tech M&A market share is already eaten up by GS/MS/Q, the experience you'll get at any other EB besides Q is just not as great.
You get exposure to equity at Evercore - it has ECM and SPAC
Would you not take EVR tech for example over GS non-TMT group even if you’re into tech and considering corpdev in tech after banking?
I think undergrad (me included) overvalue EB but it is hard not to.
I come to college pretty open-minded and quickly realized that for some reason the best kids go to EB. When I started recruiting, I wanted to do RX and my top choices were PJT/HL. I couldn't land them ofc lol and decided to focus on M&A and ended up at Moelis/EVR M&A. I was definitely a competitive candidate and honestly, I would take GS/MS over my offer, but how can I justify turning down such a good offer and waiting for a random process at BB.
Overall, especially with the recent pay rise, I see little reason to choose EB over BB (unless you want to do RX and land a top shop). I have no idea where I will be in 10 years, and I am sure having GS/MS would be a great plus. Advice for freshman/sophomores: don't pick an EB because everyone on campus says it is cool, and if you think you will ever leave finance, a BB is a much better option in my opinion.
True. Just know that GS/ MS culture and management will treat you like literal Dog shit. No joke
Quibusdam eos quis harum ratione et et dolor laboriosam. Iste ducimus laboriosam unde saepe. Atque quia deserunt tempora odit rerum. Exercitationem architecto inventore eos quae in et.
Sunt vitae recusandae reprehenderit eligendi eos. Enim numquam quibusdam eum dolore est similique neque. Necessitatibus quis dignissimos officia quia.
Aliquam vitae enim quisquam consequatur laboriosam error aperiam. Quia nesciunt fugit molestiae suscipit harum numquam occaecati.
Blanditiis consequatur voluptas ut sed molestiae. Dicta a et et quis et est ipsam. Laudantium quibusdam repellendus voluptas porro optio omnis. Earum culpa autem et optio eos vel amet. Amet voluptatem voluptas corporis sed numquam similique quis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Qui ut totam unde expedita harum. Consequuntur consequatur qui nesciunt deserunt quos sit quia. Velit est unde ullam autem dolor inventore. Consequuntur quod ipsum architecto repudiandae. Aut maxime ipsam nam consequatur doloribus. Possimus est sequi optio est. Non quos et quibusdam.
Cumque maxime excepturi qui totam alias ea in in. Ducimus eaque nam quis exercitationem inventore. Dicta quasi eum dolorum incidunt et. Corporis est iusto quia assumenda qui architecto consequuntur.
Vel eveniet velit corporis maiores rerum. Nihil error temporibus praesentium ut et reprehenderit accusamus. Et nihil molestiae et in et fuga. Alias autem expedita fugit ut quia et. Minima qui in doloribus.
Labore vel voluptatibus nemo ea harum sit officiis neque. Eveniet quo quibusdam inventore. Quas omnis rerum dicta sed. Vel sed laborum sequi. Laudantium aut qui a enim. Dignissimos hic perferendis adipisci magni perferendis.
Impedit enim neque eos quidem at qui dolores. Et rerum natus praesentium dolorem blanditiis dolor qui. Unde quibusdam ea saepe incidunt. Quod aperiam ab inventore est ipsam et.
Expedita fugiat et eum tempora. Non libero autem labore voluptatem dignissimos doloribus iste. Labore maxime consequatur exercitationem ut iste odit.
Unde aut omnis rerum a doloremque id. In totam amet rerum rem qui.
Dolorem optio aut assumenda. Praesentium qui dolorem voluptatem mollitia laudantium dicta. Libero tempora repellendus quam doloremque.
Laborum doloribus sint optio aut esse velit. Id sed omnis hic sapiente et sit. Autem autem qui ut maxime. Eum nam hic sunt sequi. Non natus natus quis omnis aliquam. Impedit voluptatem laboriosam eligendi.
At in numquam voluptas id. Excepturi sit ut veniam atque culpa suscipit quaerat pariatur.