Top EB vs Top BB (GS/MS/JPM)?

^ Title. I have offers from a couple top EBs and considering whether it is 'worth it' to leverage these into getting offers at JPM/GS/MS or not. I have a pretty good network at GS/MS in particular and I think I have pretty good odds of getting an offer from one of them if I really pushed for it. Is it worth doing so? I have no particular preferences right now about whether I want to stay in banking long-term or if I'm looking for exit opps/MBA, interested in both avenues.

I guess my question boils down to - would you rather take a GS/JPM/MS offer (let's say you get an average group at one of these) or go to a top EB (Centerview, PJT, Evercore, Lazard)? Would appreciate any advice

Comments (17)

May 1, 2018

These are SA offers in case it was unclear.

May 1, 2018

interested as well, bump

May 1, 2018

Top EB - I may be biased, however. Curious to know what others think.

May 1, 2018

GS really isn't like MS or JPM where group selection is more of a tossup - every classic group (TMT, FIG, CRG, NR and Industrials) is top notch and places extremely well. Industrials is maybe the one outlier just bc it seems to place a little less well and has a tough culture, but that's still 4/5 phenomenal groups. The choice between EB and BB has many other factors, but just wanted to point out that I wouldn't worry too much about group placement at GS.

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May 1, 2018

This is a valid point. A very strong case can be made for a top EB over MS or JPM, but I'm not sure I could ever really recommend an EB over GS for any reason other than culture.

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May 1, 2018

I was under the impression that JPM and MS are also there in that regard

May 25, 2018

Curious - why no mention of HC? Isn't it also a strong group at GS?

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May 1, 2018

Feel free to PM me, I have friends at all the firms you listed, and can provide color.

May 1, 2018

Thanks for the offer - I'm out of PMs right now, can you PM me?

May 1, 2018

There are many factors that go into making this decision. Some people really love that EBs pay more than BBs. Others appreciate the brand name that BBs offer outside of IB/finance.

Best Response
May 1, 2018

Not sure if Moelis is on the table, but they aren't exactly flavor of the month right now if you haven't already seen that staffing email

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May 1, 2018

Seen it - I've heard a lot of bad horror stories from current analysts the last couple years, chose not to apply except as a last resort, luckily I had offers before their app deadline came up.

May 1, 2018

Got offers for the EBs you mentioned and the BB you mentioned ended up picking EB but honestly for me it came down to the fit/people.

If you trust your abilities I wouldn't bother trying to get into GS TMT/FIG I'm sure you'll get the same opporunity to interview with MF

May 1, 2018

Thanks for all the advice everyone. Seems like people are favoring EB over BB unless you can get yourself into one of the top BB groups. I'm favoring taking my EB offer but would appreciate any other comments.

Thinking more about it I think it is possible I'll want to go for a MF/HF long term. How are exit opps for EVR/PJT/CVP/LAZ compared to the average GS/MS group?

May 1, 2018
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May 1, 2018

Would the answer to this question be different if it is specifically the M&A product group within BB vs EBs?

May 25, 2018