Best Response

MS is top-tier for S&T, Macquarie isn't super prestigious for IBD (seems to get a bad rap on WSO, but from what I can tell, it's still towards the higher end of MM IBD firms).

Two key questions: is this for FT or SA? Secondly, which do you want long-term?

If it's for FT, then pick based on job role and not prestige. Easier to go from Macquarie IBD to BB IBD than to go from S&T to IBD later on (I think - you should get other peoples' opinions on this).

If it's for SA, I'd actually give the same advice. Do Macquarie if you want to do IBD FT and then network over the summer with other BBs for IBD roles. One warning: I heard that Macquarie has a very low return offer rate for IBD SAs (around 50%). I think that return offer rates for MS S&T might not be too high either, but perhaps someone else can speak to that.

If you want to do S&T, then obviously go for MA S&T and never look back. Congrats on the offers!

 

I would go with MS. Aside from the brand name, Macquarie over hire for their summer intern class and they do not have a very high conversion rate in relative to other MM and BB banks.

And if this is for SA, you can always say "S&T isn't for me, I'd like to recruit for IB." MS brand will help you a lot more in this case.

Good luck and congrats on your offers.

 

Hi everyone, thank you for your comments. This is for SA. And I can't say for sure whether I prefer banking to trading or the other way around because I haven't done either, or done both to state my preference exactly. I have to say at this moment I am very interested in both offers. The people at Macquarie are super nice and their office is great. MS has amazing people too. Is it easy to go into IBD or research next year FT at MS if i do well in ST? Does anyone else know the conversion rate for MS? At macquarie, i heard last year was 20/35.

 

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