MS vs Boutiques

tedsterrider's picture
Rank: Chimp | 6

Which offer would you take in an analyst position between MS and Boutiques like Greenhill, Lazard, PWP, Moelis or Evercore? Would it really depend on which group at MS you got placed into? I feel that there are some groups at MS that would be much more prestigious than at boutiques but if you don't get placed into the right group that the boutiques would be better.

Comments (11)

Feb 25, 2009

MS M&A is arguably one of the most prestigious groups on the street along with GS TMT. So if you were placed in M&A, I'd say definitely better than the boutiques you're mentioning. Other groups though, I'd agree with you and say it depends.

Feb 25, 2009

But you don't find out until you get to MS (accept offer) in terms what group you get placed in right? so wouldn't it be a better bet to go with one of those top boutiques where you are guaranteed to do M&A or Restructuring?

Feb 25, 2009
wavelink12:

But you don't find out until you get to MS (accept offer) in terms what group you get placed in right?

That's correct.

Feb 25, 2009

i feel like having MS in your resume is much better than having a boutique... if then you determine that your MS group is not for you, i think you can still push your way to a boutique once FT comes around

Feb 25, 2009

MS will open doors.

Feb 25, 2009

Keys open doors.

MS is just another line on your resume.

Feb 25, 2009
  1. You have almost no shot at landing the m&a unless you are seriously well-connected and are an all-star relative to the rest of a pretty impressive summer class
  2. I'd take either Lazard, Greenhill and Evercore over MS, but certainly not some obscure boutique. Ultimately, MS is one of the most prestigious names you could ever have on your resume...it'll carry serious weight whether or not you are one of the lucky few who actually snag full-time offers.
  3. Which brings me to the next point...kids got slaughtered by MS w/ respect to full time offers. Make sure that you think through the very real possibility of not getting a return offer.
  4. While you'll be a strong candidate, don't assume that the SA experience will automatically land you a FT offer. Its brutality out there in the job market.

Good luck.

Feb 25, 2009

If you have moelis or pwp your decision is tougher assuming you don't get ms m&a.
The reason I say this is because I wasn't too impressed with the guys I met at pwp and from the sound of people on this board, moelis has a terrible culture. So go with whoever you liked more in the interview process.

If you have lazard, greenhill or evercore I would personally go with them. Either way these are all the best of the best and you're in a pretty enviable position

Feb 25, 2009

Your odds of getting a FT offer in an incredibly tough job market are much higher with the boutiques

Mar 4, 2009

Unless you can get into a top group at a BB, like MS M&A or GS TMT, the private advisory, "balance sheet free", non-TARP funded, boutique is the model of the future. Of course, when we're referring to boutiques in this context, we're talking "elite" boutique, i.e. Perella Weinberg, Lazard, Moelis, etc. not Piper Jaffray,etc.

Mar 4, 2009
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