Comments (32)

 
  • Analyst 2 in IB - Gen
Jul 19, 2020 - 5:51pm

Moelis LA / CS Sponsors / Goldman TMT / MS TMT / Qatalyst / Houlihan Restructuring LA are really the only banking analysts on the west coast that will 100% get looks from NYC headhunters. The rest are fighting for the good west coast spots left behind by those at the top groups, and have very little chance to land a umm/mf offer in NY.

 
  • Prospect in IB - Gen
Jul 19, 2020 - 5:54pm

Curious, how do you know this? Are you just going by the logic that those are the best groups -> they'll get all the looks, or have you heard from people who've worked at those groups and tried to recruit?

 
  • Intern in IB - Restr
Jul 25, 2020 - 10:56pm

Currently a first year at one of the EB groupS mentioned, and I can attest this is 100% true. It's a struggle recruiting for NY PE in general, especially so for MF/UMM for any of the weaker groups. General view from headhunters was that a lot of the regional office kids were "too weak" to make it to NY in the beginning, and thus aren't viewed as competitive candidates compared to the NY BB/EB crowd.

 
  • Analyst 1 in IB - Gen
Jul 25, 2020 - 11:27pm

Just curious, from what you've seen, do you think it's actually true that many regional office kids were "too weak" to make it to NY"? I always figured industry preferences/family background were the primary motivators for starting out on the west coast.

Also: if HH's have this preconceived notion, is there anything someone could say to "excuse" why they're starting in LA instead of NYC (e.g. would telling them that I'm originally from LA work)?

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