MBA Summer Associate Superday Results: BAML (M&A) vs. Lazard (Generalist M&A) vs. Credit Suisse (Retail/Consumer)

Hi Everyone,

Would love to hear your input as to what my priority should be of the three offers I received, as I am really not familiar with any of these franchises outside of the interview processes I've completed.

Thanks!
Peter Parker

 
Best Response

I have personal experience at both Laz and BAML, but I'd say it really depends on who you are and what you want from the experience. Lazard really does work you to death and it's a really intense place with some of the smartest people I've ever met in banking. Like seriously fucking smart, in your face competencies, driven, etc. And dealflow is ridiculous. Never seen anything like it. Multi-billion dollar M&A crossing your desk every week with unbelievable hands-on exposure. But although some of the sweatshop reputation is undeserved, Lazard still does work those kids hard, and they don't pay as much as they should given the work. Great PE placement too.

BAML is a huge place and where you are and who you know will determine whether you're going to get the dealflow and culture that you're looking for. It's one of the more uptight bulges and feels pretty corporate like JP, but you will not be working as hard or be as abused as at Laz. Pay is amazing for a big firm too. Good exits and I really think the culture and people are great and it's a solid place to start a career and work in banking without wanting to kill yourself from the hours or the stress. THey've been absolutely killing it lately too, so if this trend holds, the prestige, exits, etc will only go up from here (already really at the top - most top analysts in good groups are getting PE looks similar to almost every Goldman or JP or Morgan Stanley kid I know).

Credit Suisse should be tossed. They're sort of treading water, but barely. They have had huge talent loss over the last few years and just don't have the deal flow or cache that either BAML or Lazard do.

 

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