Ok, so I've currently got a FT offer at Lazard, a SA offer at CS and I'm in the process of interviewing with GS. I've never failed an interview, so I'm hoping that GS is going to work out. Whatever the outcome, I'd be working in London. Any advice about what I should do? Should I turn down the Lazard FT offer for a chance at GS? All of this is obviously in the IBD department.
Cheers!
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Strange that you are applying for both SA and FT stuff, but congrats nonetheless on some excellent options. You really can't go wrong either way- I would say probably rule out CS- it is inferior to GS and no guarantee of an offer (like you have with Lazard). If you get the GS offer and do a decent job over the summer you will likely get a full time offer. Both places will have great exit opps- GS probably more and is obviously more prestigious. Depends on what you want. Both Lazard and GS known for having pretty brutal hours so lifestyle won't be better at 1 vs. the other. A big thing to consider- if you get a FT offer from GS after the summer will they let you start immediately or will you have to wait until the following summer (I'm assuming you are graduating this spring). If they make you wait, that could be either 8 months of doing something exciting or 8 months of no salary (whichever way you see it).
people are leaving Laz, it's not what is once was in LDN, and their RXing is waff. But it's pretty hard to advise against an offer in hand for a summer elsewhere
Is GS-London for FT or SA?
take laz and don't look back. gs isn't that great in UK either.
How can you be simultaneously eligible for both FT and SA positions?
Seriously? You're going to forgo a FULL TIME offer at a top elite boutique bank so that you can wait until next summer to get the opportunity to intern at a BB with only the possibility of getting a full time offer?
How can you put such a heavy value on prestige? In this situation it borderlines irrational.
I agree with this. Unless you are that 110% confident that a SA stint at GS will land you a FT offer, which isn't guaranteed at all even though you state you never fail interviews (shit happens that's out of your control), passing up Laz FT for SA positions just doesn't seem worth it. Maybe if it was a smaller regional bank or something, but not an elite boutique.
Oreos did Laz reject you / make you lose a lot of money (in that case I don't blame you ;p) why do you keep dissing it get I just went from another post where you seem to be saying the same thing.
True!
I don't know who deleted the other thread about Laz but anyways sometimes I don't know why I come on this site to talk about this. Good luck to the OP FT is always better than summer. GS has a great brand undoubtedly as does Lazard. I think given the market conditions go with the FT. Oreos I personally think Laz screwed you on some deal your hedge fund was involved with so maybe can't blame your sentiment, but you shouldn't be caring that much about a firm you don't work at.
It's a tough market. Lazard has a strong reputation. I'd take it without hesitation. If you are how good you think you are you shouldn't have problem to land at anyother bank (GS/JPM/MS/...) you want within 2/3 years.
Laz did have some high turnover fwiw and they fired 1st years (I mean who does that lol) and lol at guy who was hating on gs he must be at ms lol
FT > SA, and GS has an especially low conversion rate. Take the job.
No one else is curious as to how you can be eligible for both FT and SA positions?
In Europe if you are final-year student you are eligible for both FT and SA at most of the banks.
Full Time - Everytime!
Go for the FT and never look back. Why would you choose a SA stint over a FT offer at Lazard..
Did you end up scoring the GS SA offer?
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