Little bro deciding between summer offers. 1) RBC NY in M&A 2) Allen & Co. Any thoughts are welcome! FYI - we come from a monied background and he was able to get a couple accelerated processes amidst COVID-19.
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I would say rbc UNLESS you little bro wants to do IB for the long run. Most of the people I spoke with at Allen were laterals and had no desire for buyside opps.
Any idea what he’s looking to do after his analyst years? Stay in banking, PE, HF, Growth Equity, VC, Start-up, corp dev?
Also does he have a strong interest in a specific industry (Tech or Media)? Answer can be pretty clear based on what he’s looking for - RBC M&A and Allen & Co have very different focuses and exits
RBC by a wide margin unless you're deadset on being a career banker in TMT
This is where I was going with my comment above, but I will add a couple things to be more specific. RBC M&A will be better for everything except the following:
Allen & Company is the much better place to be if you want to do TMT anything. MUCH better placement at Allen & Co than RBC for VCs and especially corporate development or any corporate roles at the large cap tech/media companies. Just a big example: current CFO of Facebook is an ex Allen guy. Also a lot of corp dev guys at media companies like Sony Entertainment are ex Allen guys.
Basically, if you want to do anything with TMT long term, go with Allen & Co. Everything else, RBC M&A like the comment above says. Hope this helps
RBC diversity literally just gave out offers and hasn't even assigned groups yet. How would he know he is in M&A
Top candidates who sign early can get preference especially if they have a strong connection. OP also did mention coming from a "monied background" but even that is not necessary. Even if he wasn't M&A though the main points still stand versus just Allen & Co.
Correct, he got the role through a personal connection
Thanks for all the thoughts, feel free to add more as they come up!
Both are fine places. Allen for TMT and more prestigious because it's so exclusive (very hard to get a job there without connections). However, because they're so secretive, it's hard to learn much about them besides speak with current analysts (and WSO certainly isn't a good source). RBC is a good place, don't get me wrong, but this forum overhypes them. I've posted twice and have had to mention them twice...
Actually curious - how does coming from a "monied" background provide useful context for someone answering your question?
He's just anticipating the "worry about it when you actually get the offers" answers
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