London LevFin vs M&A Exit Ops/ Prestige (GS vs MS)
As per the title, how do people rank exit ops of Goldman Sachs LevFin vs Morgan Stanley M&A Generalist team?
How does the street view their class quality/ prestige/ exit ops?
Thanks!
If you had any offer you would know that in London SA's at both banks don't really know where they will end up until shortly before the internship. At GS you do a rotation beween IB and capital markets and at MS you get assigned somewhere across IB and capital markets a month or so before the internship...
MS is assigned in March/ April, and GS around May. This is true, but you're forgetting that you have to submit preferences for teams by January, and it is absolutely possible to negotiate for which team you join.
I currently work in LevFin, and I'll say that if you're targeting exit opps, you should definitely be targeting M&A. This is less of a GS vs MS issue, than it is a M&A skillset vs. LevFin skill set issue. The skillset you get in M&A is much more versatile than that you would gain from LevFin.
While I agree on that assessment, the choice also depends on what you want to do in terms of exit. Now, I don't think that the majority of kids who start out in banking have any clue what they actually want to exit into, but occasionally there are people who at least think they have a very good idea. If that person would want to do only credit/distressed recruiting for example, at least in London, you'll be better off working in LevFin or RX. If you want to keep your opps broad, M&A works better.
But does an M&A guy stand any chance of getting into the top credit funds?
If you have the opinion that credit and debt is the future of europe, does it make more sense to start your career in LevFin?
London LevFin vs M&A (Originally Posted: 11/19/2016)
If you have a choice between these 2 teams at Goldman, which one is the best for getting into PE down the line?
M&A is better for understanding strategy and how to integrate companies.
LevFin is better for understanding the structure of an LBO and how to understand debt capacity.
Is Goldman LevFin as good or worse than the JPM/BAML LevFin teams? It has a much smaller balance sheet, but seems to do more intricate/ opportunistic models and lending.
IMHO BAML/JPM/CS have the best lev fin team, even better than GS. You can get into PE from LF and M&A, I think the most important things are the firm you work at and your skillset.
I heard that GS people are better, but because they have a smaller balance sheet they have to be much more opportunistic.
Do you know how recruiters view GS LevFin vs JP/BAML/CS Levfin?
Thanks!
LevFin vs M&A in London (Originally Posted: 10/31/2011)
Have an offer for BB bank in London. Really want to go into LevFin, but 90% of the LevFin market is in the US, in other words it's pretty small in Europe. Ideally would like to do two 2 years in IBD, then b-school in the US, and then PE fund in US. Just wondering in terms of exit opps, and moving possibly from my bank's London office to NY office, would it be better to go into LevFin or M&A in London specfically?
Anyone?
"90% of the LevFin market is in the US" - I do not understand what this means.
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