mid bulge vs guggenheim
...
Keywords
...
| +231 | Coverage Banking is Paradise | 29 | 6d |
| +150 | UBS preparing for a October Layoff Massacre | 102 | 2h |
| +116 | London Recruiting is Paradise | 46 | 6h |
| +77 | My Motivation Is At An All Time High | 13 | 4d |
| +55 | Work and Suicide | 23 | 1d |
| +49 | Is 7 years in banking enough to retire, or am I delusional? | 27 | 5h |
| +45 | Do actual investment bankers despise IB TikTokers as much as I think they do? | 28 | 2h |
| +34 | MM IB --> NYC IB? | 17 | 1d |
| +27 | Should I escape the matrix | 5 | 10h |
| +24 | Negotiating VP Sign-On Bonus (NOT Tied to Deferred Comp)? | 22 | 1d |
Career Resources
BB no question. Even UBS.
haha, 'mid-bulge'
If CS/Barcap/BAML are 'mid-bulge' ...would that make Citi/UBS a 'quarter chub' shop?
This is classic
If you want to get paid, I would probably go to Guggenheim. BB are under tremendous pressure now.
Echo the above. Guggenheim is actually a decent shop.
BB no question unless you are super into media or need to be in a boutique environment.
I don't know what comp is like at Guggenheim, but I doubt that it is any more than the BB's at the analyst level. Even if it was, an extra 5k-10k on your bonus isn't worth the (probably severe) drop-off in exit ops.
I've heard from more than one person that Guggenheim is an absolute sweatshop, and they've had multiple analysts quit because of it. I'd take the BB.
Congrats on both offers!
^^^ I can confirm the sweatshop atmosphere.
Guggenheim gets worked hard but I'm not sure if sweatshop is the right term for it. Culture is fantastic and extremely selective in their recruiting process.
I'd give up my BB gig for them in a minute.
Guggenheim. No contest.
i know someone there FT since i networked w/them a lot but was unable to get an offer
regardless, he got 70K base, 55K bonus (as a first year) so pay is street....arguably above street since most BBs arent paying well...and guggs is really trying to grow so im its not trying to be cheap/cut back in any means
i would have taken them over the top MM im going too HLHZ/Jeff/HW without hesitation if i got the offer. they've done a lot of interesting and big deals in just the 3 years the bank has been running. the NY office just poached head of DB HC ECM and is starting to lead their ECM effort. I echo Whiskey5 and wish i got the offer there/would love to be there....might sound risky, but hey thts just me.
I'd take any bulge bracket over Guggenheim. The exit opps are still better at the BB (this might change eventually, but not in the near future) ... and honestly, who cares what type of bonus you get? Much more important to take the better exit opps.
Agreed, just throwing in my .02 for the OP.
Bulge, although maybe not UBS
Dude... Bulge 4 Lyf
Literally all these questions ever boil-down to is group preference. I can't speak for you, but there are definitely multiple groups at each of the BBs you mentioned that I would turn down for far shittier banks than Guggenheim. The thing people don't talk about enough at BBs is that group selection can be a total crap-shoot, so while BBs are generally talked about in terms of their top groups, there's some pretty serious fucking downside risk of getting some obscure, undesirable group. Unless I had a pretty solid "in" at a top group I wanted at the BB I was at, PLUS a solid backup, such that my new expected value rises like crazy, I would take the sure thing of Guggenheim.
Almost three years here and still nobody gets that:
YOUR ENTRY LEVEL COMPENSATION DOESN'T MEAN SHIT AND SHOULD NOT MATTER TO YOU.
I'd take the BB for the name and opps down the line. Maybe Guggenheim pays more, but you gotta think long-term. $15k doesn't mean shit if two years from now you're looking to jump somewhere else and people aren't taking your calls.
this website has too many jokers with an agenda. when someone is recommending guggenheim partners over bulge bracket investment banks you can be damn sure that such a person works/worked at guggenheim and is incentivized to mislead others into thinking it would be a rational choice to choose guggenheim. alternatively, the person could work for a similar firm and is therefore still incentivized to promote a place like guggenheim in the hopes that the new blood will come to wall street with greater respect for middle market firms (and therefore more respect for said person). "if only i can convince a kid on WSO...."
way too much of that shit on this website. the unequivocal answer to the question is to choose CS/BarCap/BAML over guggenheim partners. end of thread.
BB no doubt. Experience, network, brand name, etc will all be better at the BB. Also, Guggenheim doesn't have the best deal flow yet.
Libero id blanditiis minus iste eos. Et voluptates aperiam non magni inventore. Quia expedita id esse cupiditate.
Cum et eos saepe necessitatibus nemo neque quia. Pariatur facilis sunt qui sed quo ea. Ab eos iste velit nisi et aut voluptatem nulla.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Voluptatum minus est saepe quas magni eos deleniti. Aut vero id dignissimos quam omnis. Esse sed et quaerat voluptatum eum sequi.
Saepe omnis velit ratione occaecati et. Rerum dicta aut ipsum eos enim. Omnis aut repellat nesciunt vel. Aut voluptatem magni numquam itaque tempora est. Quas voluptatem in ipsa atque saepe.
Culpa sint sapiente exercitationem ea perferendis. Magni saepe voluptatum cum deserunt omnis. Nobis eaque et odit voluptatem qui asperiores molestias ex.
Veniam non ex est suscipit officiis vel voluptatem. Sit consequatur harum quidem dolorem consequatur.