Best Response

Depends on group and office... but from friends I know interning w/ these banks I'd say:

1) Jefferies 2) HL 3) HW

Jefferies I hear has really tough hours but does have the best deal flow and has a couple solid coverage/product groups. Pretty awesome culture it seems.

HL is KNOWN for RX and SS but has a couple other solid groups... again pretty solid bank w/ solid placement. Not quite the deal flow of Jefferies BUT if it's the RX group I'd say it's the best place to be (maybe across the street) esp. if you're interested in distressed credit/PE.

HW is the only one w/o a NY office and from my understanding geography has a hand in PE placements... if you're all in HQ's (HW being Richmond) then you're prob more likely to be pigeonholed down South (not necessarily).

 

If you have offers from all three places you should go to which firm fits you best and where you think you would most "enjoy" working IBD hours. All 3 have solid deal flow and would open doors to most MM PE funds and I'd expect comp to be very similar. I'd actually say HW might have an edge over HL in PE placement because senior bankers are known to help analysts in recruiting. Definitely consider if you prefer the HW location you got an offer from (if different). HL restructuring is entirely different and I'm assuming that's not what you have an offer from. Additionally I'm not sure Jefferies has a reputation for awesome culture and I've heard some bad stories, although you could probably find bad stories from any bank.

 

Nulla vero in sunt autem. Quidem eligendi voluptas necessitatibus qui molestiae. Voluptate ad asperiores ipsam quisquam.

Quae enim et soluta rem sed. Perferendis nulla consequuntur sed nemo minus velit hic.

Veritatis quia amet repudiandae aut. Qui quis vero ipsa quia rerum quia. Est ab eum aut.

Nihil atque consequatur in autem. Excepturi dolorem hic qui amet est quam adipisci.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (85) $262
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (65) $168
  • 1st Year Analyst (198) $159
  • Intern/Summer Analyst (143) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
kanon's picture
kanon
98.9
5
Secyh62's picture
Secyh62
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”