Lazard vs. MS? (NYC)

Also curious

MS if M&A, M&T. Otherwise, Lazard. Everyone else saying Lazard is better don't understand that MS M&A/M&T/Tech have insane exits.

After seeing exits for this recruiting cycle, MS on average places much better than Lazard. I would caveat that by saying Lazard RX places lights out and Lazard HC places well.

I would go with MS - the only EB's I'd consider over GS/MS is EVR M&/PJT RX and potentially CVP if you're looking to become a career banker.

The only area where Laz is better is pay - and this may only be about 20k/yr since Laz tends to be cheaper than most EBs.

Edit - Forgot there's an obsession with EBs on WSO

Would also pick Lazard. Friends at Laz are way happier than those at MS. Got same looks during on-cycle for PE, pay is higher (think they just increased comp), and they like the culture/people better. Seems like it's gotten less sweaty because they were losing kids to Evercore over the hours.

I’d pick Laz as well, you’ll trade in RX for ECM/DCM at MS, which I’d say have worse exit ops. Plus Laz is a lot less cyclical, speaking to that RX strength.