Lehman Brothers vs. JPMorgan
Hi everyone,
I am new to the ibanking world. I have two offers for summer associate positions: Lehman Brothers (New York) and JPMorgan (New York and San Francisco). What do you guys think? Which bank is more prestigious? i pretty much like people at both places and don't care about NYC vs. SF. any advice would be appreciated.
thanks,
Johnny
Nice work, Johnny! If you don't care, go with New York, and all else being roughly equal go with Lehman. But all 3 paths are great choices and you really can't go wrong. Congratulations to you.
Lehman if based on prestige
I'm pretty sure JP has better deal flow if you're worried about that at all.
for prestige and it's harder to get into compared to JPM. Plus, it's gained lot of momentum over the past few years.
Lehman has more lead deals and more M&A than JPM. But i am selling JPM all day.
Selling as in shorting?
JPMorgan is rapidly on the rise, but Lehman is still regarded as the more prestigious bank.
I don't see a huge difference between the two. JPMorgan seems to be better regarded at my school, but I don't really buy that. I'd just try and meet the specific group you're shooting for (say, try and meet the TMT group at each bank) and pick the one where you like the people better.
I think i'm gonna go with Lehman.
Aw man
LOL this has aged like fine wine
JPM and Lehman are very close in prestige, and both banks have some really strong groups and some mediocre ones as well. Have either of the banks given you any kind of promises as far as what group you will be placed into? You're in a very good position having offers from both banks, if I were you I'd try to leverage that into some kind of commitment to get into the group you want. Although lehman might be a hair more prestigous, a bad group there is way less prestigous than a good group at JPM. Either way youre in great shape, but I'd go with whatever bank can give you more of a choice for groups, both are amazing places to work, congratulations.
so whats it like at Lehman’s
would love to see what happened to this guy, i wish u all the best
Give us an update 14 years later.
Johnny, where are you, ya fucking Lehman boy?
oh boy
yeah I think lehman's is fs a solid option
Lol know this got bumped but Lehman had a phenomenal culture for a BB back then. All the people I know who used to work there rave about that specifically. All of them still made 6 figures in finance after or whatever venture they did after, I know 2-3 ex-Lehmans - some front office/middle office. (know of a S&T MD who got laid off there and became a rainmaker at a MM bank, $15+ million net worth).
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