Comments (24)

Feb 7, 2013

BB no question. Even UBS.

Feb 7, 2013

haha, 'mid-bulge'

My drinkin' problem left today, she packed up all her bags and walked away.

Feb 8, 2013
Kenny Powers:

haha, 'mid-bulge'

If CS/Barcap/BAML are 'mid-bulge' ...would that make Citi/UBS a 'quarter chub' shop?

Feb 8, 2013
BlackHat:
Kenny Powers:

haha, 'mid-bulge'

If CS/Barcap/BAML are 'mid-bulge' ...would that make Citi/UBS a 'quarter chub' shop?

This is classic

Feb 7, 2013

If you want to get paid, I would probably go to Guggenheim. BB are under tremendous pressure now.

Feb 7, 2013

Echo the above. Guggenheim is actually a decent shop.

Feb 7, 2013

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.

Feb 7, 2013

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!

Feb 7, 2013

^^^ I can confirm the sweatshop atmosphere.

Feb 7, 2013

I knew someone who did his SA at Guggenheim and really liked it. He never really mentioned the sweatshop atmosphere though...
Anyway, I would go with Guggenheim over the CS/Barcap/BAML. Guggenheim has been pushing growth aggressively and bringing in a lot of new people over the past few years so I would feel much more comfortable about job security there and getting paid bonuses, etc.

Feb 8, 2013

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.

Feb 8, 2013

Guggenheim. No contest.

Feb 8, 2013

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.

Feb 8, 2013

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.

Feb 8, 2013
streeteric:

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.

Feb 8, 2013

Bulge, although maybe not UBS

Feb 8, 2013

Dude... Bulge 4 Lyf

Feb 8, 2013

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.

Feb 8, 2013

Almost three years here and still nobody gets that:

YOUR ENTRY LEVEL COMPENSATION DOESN'T MEAN SHIT AND SHOULD NOT MATTER TO YOU.

Feb 8, 2013

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.

Feb 8, 2013

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.

    • 1
Feb 8, 2013

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.

Feb 8, 2013
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