SA OFFER DECISION: MS vs Lazard London!!
I have recieved both offers for a 2015 summer internship position in LONDON
I Liked the pple at both places so the decision would be ideally based on the learning experience/dealflow/exit ops.
Which one would you choose??
Much appreciate it!!
Also interested if you have an idea if any particular teams that are doing well in terms of placing lately
MS has higher conversion rate and early start is more likely if you want to continue. In MS you will have a higher flexibility to rotate within industry and product groups. In Lazard however you get unrivaled M&A experience and you are working in a leaner teams getting more responsibility and having the opportunity to distinguish yourself. For European M&A Lazard is a step lower than MS according to Dealogic. Its a close call, however for someone starting his career MS seems a more reasonable choice.
In London MS is a nobrainer vs Lazard.
If it was Paris office you might consider it, although Lazard is known for being a sweatshop.
I would go with Lazard. I like working in Mayfair more, because the Wharf sucks.
Matrick, I see that you are currently in PE and were in an M&A group at a BB before then. Between CS and Lazard in London, which do you think offers the best exit opportunities to the buy-side?
I thought Lazard would have good opps, but looking on Linkedin and the sites of funds I am hard pressed to find any Lazard alumni in the well-known PE funds or hedge funds.
There are plenty of people who started at Lazard at HFs, PEs, etc. I don't think you can go wrong with Lazard if buy-side opps are important to you.
Everyone above, how about CS vs Lazard?
I would take MS to the original OP, second post has all the benefits.
I think in general unless you are set on pure M&A or restructuring a bulge bracket would give you a more rounded experience to start a career in finance.
Lazard placement in recent years has been fairly good, not sure about CS but cant imagine you would be at a disadvantage.
hanks GBB_19NHS, Really? I was unsure whether Lazard does place well as it doesn't seem to have a great reputation in London (compared to Paris/New York etc) and has only done well in terms of deals in this last year.
I've heard in London, buy-side recruiters prefer BBs and that to start ones career they are better as you can always move to a boutique, but the reverse rarely happens?
Also, how about Rothschild vs Lazard? I would think Lazard is best but then in London some say Rothschild reigns supreme.
I'd choose MS .. I am also interning there during the summer, everyone I met were very nice, I've had great feedback from friends who interned there, whereas Lazard is know to be a sweatshop (maybe less in London than in Paris or NY) .. I think it's better to chose a BB because you'll be faced with Investment Banking in general, and not just M&A, and you never know if you'll find ECM or DCM quite interesting .. anyway, look forward to seeing you around the office!
How long after your AC (I presume it was on the saturday) did it take for you to heard back?
Yes it was on a saturday, 2 weeks ago, heard back on Tuesday (around 4pm in the afternoon)
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