Lazard MM vs Guggenheim

Step2's picture
Rank: Senior Chimp | 21

Hi all, just wanted to try and get a consensus behind this dilemma. I know rankings are pointless to a degree, but hey, multiple opinions are better than one. I'm trying to gauge between SA offers for these two positions. I know Gugg is growing but definitely lag behind Lazard in terms of reputation. However, Gugg would give me the chance to work on larger deals where as if I were in the middle market group at Laz, most of the deals I would see would be on the smaller side. In other words, does the opportunity to work on larger deals mean more than the network, reputation, etc that Lazard would provide (even if the MM group isn't seen as strong, as say, healthcare). Just looking for general advice!

Comments (7)

Apr 16, 2019

Lazard is a completely different league than Lazard MM. I'd take Gugg by far.

The only thing Lazard has in common with Lazard MM is the name

    • 1
Apr 16, 2019

Thanks for the thought! I've heard the difference between Laz and Laz MM before, but I know Gugg is heavily group dependent while MM at Laz is generalist and gets Grade-A dealflow (Their 2018 Annual Review says they closed ~150 m&a deals <1 billion). Do you mind explaining how you would take Gugg "by far" when, as far as I know, the whole of Gugg doesn't even complete that many m&a deals per year? (Laz MM still has restructuring, capital markets advisory, etc)

    • 1
Apr 16, 2019

I'd second teaktable.

From my sheer knowledge I believe Lazard MM is mainly LMM (EV < 200m) focused with very different exit options from the main firm. Even though Gugg is heavily group dependent, the firm is still closing deals with $1b+ EVs and would trump LMM by far.

Apr 17, 2019

not even close man - EB vs LMM bank that's strong in its space

    • 1
Apr 17, 2019

I would take Guggenheim

fuck nevada i ain't goin to that state

Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Apr 16, 2019

I wonder if anyone has knowledge about recent exits for Laz MM and Gugg analyst classes? Possibly another angle to explore in terms of how the positions are viewed from the buyside

Apr 17, 2019
Comment