Try to think of it this way: I'm sure everyone going into banking has told a friend about their new job only to receive the response of: "Why would you ever do that, are you crazy? As an extremely job oriented individual it is very difficult to see or understand this point of view. I, although my career is my top-most priority at this point in my life, do not feel so wildly obligated to be the richest hotshot on Wall Street. Lastly: Working for an MM bank still puts you leagues ahead of the thousands of other college grads working their s.
Going MM isn't banishing yourself to a mediocre life, not to mention we are pretty much all talking about analyst positions. Everyone has a chance to be reborn if they make it into a top-tier MBA program. It's funny, some of the people in this thread remind me of someone I know. This kid, from freshman year on did nothing but talk shit on banks like BofA, it was all Goldman this, Goldman that, etc.
He had this "BB or nothing" attitude and was very, very smug about it. Guess what, he works for BofA now, he realized it's a lot of horseshit to jerk off to a bank's name. Have some humility, people. The only reason he's saying it's horse shit now is due to the fact that he didn't get an offer from any of the top banks. Yeah, maybe so. But the point I was trying to make is that it's foolish to run your mouth about this shit because you could very well end up looking like a fool in the end like that friend of mine.
Past that, anyone that looks down on someone else for the firm they work for alone, is a retard. You don't measure a man's worth by the size of his wallet or his business card, for that matter. Definitely agree with you on the first point. And I am by no means saying that you should look down on someone in IBD at a less regarded bank although these people tend to be especially sensitive to working there, so fucking with them about their bank can be pretty fun , as really, when it comes down to it, most of getting the first offer has to do with luck.
That being said, it is unrealistic to go under the assumption that exit ops for BofA and GS will be equal. If, however, you're like CompBanker and not interested in exit ops, then it does not matter. No, these are all good positions relative to the rest of the college grads in this country. I would say no However, a big piece of it is determined by how hard you work after you get in.
An MM analyst at the top of his class will have most opportunities open to him. I think people greatly underestimate the experience gained from a 2 year stint as an MM banker. I guess I will pose this question: What does an analyst learn after 2 years at a BB that you wouldn't learn otherwise? What skills do you gain that will qualify you more for a position let's say, PE that I won't be gaining?
Because the people on this board are obsessed with investment banking, that's why they actually take the time to visit a site like this. Depends on the MM. If you're at HLHZ , then sure, you will be learning just as much as any guy at a BB although you will still be at a disadvantage due to the fact that your MDs won't have the same industry contacts as their BB counterparts, which is one of the keys to opening doors in PE.
If, however, you are at ABN AMRO or any bank along these lines , then no, you will not get experience anywhere close to the level of those working as analysts at BBs due to the lack of deal flow, the lack of any structured training program, the lack of any serious senior people that will be able to mentor you, etc.
I dont know, i dont think you need to be in a top ranked firm to get where you want to be, just whatever you make of where your at Not sayign that i wouldnt turn down an opportunity or GS but its not everything.
Do senior people really mentor juniors "better" at BBs than at MM firms? I interned at a boutique and the analysts all had regular interaction with each MD as well as the founders. The founder even sat down with each of the analysts and pointed to their specific faults.
I would imagine that larger institutions would have a more intense separation between the junior and senior people.
Is this a fair assumption? Iusto ex beatae et officiis dolorem. Ut amet corporis nihil est ut. Numquam rem et reprehenderit dicta. Sequi qui velit deleniti quae dolores aperiam quam. Eum quasi est inventore et et. Cumque ratione illum consequuntur fuga. Numquam veniam enim optio rem possimus ex unde est. Quidem ut iste ab in temporibus similique velit. Aut sit labore nemo quis quasi. Yup, those are good points. With CS vs. JPM vs. Traditionally the European banks have been stronger than the U.
So in particular, if a bank has less IB deal-flow, they would rely more heavily on their word-of-mouth referrals compared to referrals from their other business division. Taking this into consideration, do the U. Or would they be similar? Hey Brian, my comment is more of a broad one to the blog: I think it would be a tremendous help for us to be able to identify dates on the articles, to know the exact timing that they were published and see how that still applies today or historically.
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But what exactly are they? These are investment bank jargon used to classify investment banks in 3 subgroups. Cream of the crop. Leader of the pack. Bulge bracket investment banks are often international banks with global presence in North America, Europe and Asia. Most of them are publicly listed. They can therefore easily raise funds via stock and debt offerings to beef up their balance sheet, and support their clients in financing exercise.
They offer full investment banking services i. Within these 3 divisions they are numerous groups to cater a wide variety of clients. Develop and improve products. List of Partners vendors. Your Money. Personal Finance. Your Practice. Popular Courses. Careers Career Advice. Bulge Bracket vs. Boutique Banks: An Overview Aspiring investment bankers can work in one of two types of investment banks: bulge bracket or boutique.
Key Takeaways Bulge brackets are the largest banking institutions in the world and regularly handle multi-billion dollar deals. Employee satisfaction, however, is not a paramount concern. Boutique banks tend to specialize in certain areas of investment banking, aiming to give a more personalized service to their employees and clientele.
Work-life balance at bulge brackets tends to be less enticing, but the resume power and skills learned with large deals can have enormous benefits for an employee's career trajectory. Bulge bracket banks tend to offer more powerful training materials to new hires. Article Sources. Investopedia requires writers to use primary sources to support their work.
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