Low tier BB vs Low tier EB
Curious about whether people would take a low tier BB (DB/ Barclays/ Citi) or a low tier EB (PWP/Gugg/GHL) for their summer analyst internship. Have to make this choice and curious to hear people’s opinions
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PWP catching strays.
At my target, PWP is not as popular as before. Its main selling point was it gave you a much higher chance of getting HBS because of its founders. From an exits perspective, not too far off from the others. More career bankers
Just giving an updated view, I definitely wouldn't say it's low tier lol
From the outside, not sure why PWP is all of a sudden ranked so low. PJT M&A and PWP's M&A practice are pretty much the same(From a comp and exits perspective), yet one gets rated higher over the other. OP maybe you should conduct more research beyond looking on WSO for rankings that are absolutely biased and many times inaccurate.
To OP:
I think it's fair to decide between GUGG and PWP. All the other ones are basically canceled out.
These two probably provide the best analyst experience out of the others listed and provide strong exit opportunities. You just have to decide what you want: a Quasi-BB/UMM (Gugg is basically a full-service investment bank, which has shown in its ranking in league tables) or a smaller bank working on strategic advisory and shareholder engagement. (PWP doesn't have a strong sponsor practice unless your offer is in LA, so most of your deals would be working with large-cap corporates).
In summary
PWP >> Guggenheim >>> Other Groups you listed. The spread between PWP and Gugg is small enough IMO you can decide which is better fit for you.
PJT M&A and PWP are not the same exits-wise (PJT M&A has much better exits). Also, people here forget that PWP did struggle quite a bit a couple of years ago so it isn't seen as stable of a platform as PJT/EVR
Regardless, PWP at this stage is slightly better than GHL/GUGG. However, the differences between these places are marginal enough that it seriously makes no sense to start doing tier based comparison. It's not like you're comparing GS TMT to some random no-name bank.
Would take not consider Citi or PWP bottom
Don't think there is a material difference between Citi and Barclays, they are the same tier more or less
Bump
lower tier EB>>lower tier BB... better exit opportunities, experience, and comp, even from "lower tier" EBs
Go to lower tier BBs if you aren't sure you want to stay in finance. BBs have more recognizable names outside of finance, but that would be pretty much the only advantage they have over EBs
If PWP is a low EB wtf a good EB lmao.
Jesus fucking christ everyone here should go touch some grass
First day on the site? This is a completely normal question and asked at least 5-6 times a week.
Lol been on this site for 4+ years. lets not normalize asking stupid questions
“Low tier EB” is like a high end call girl…
PWP shill army has arrived. No one is taking PWP over PJT. Guggenheim is also not an EB but more middle market. DB and UBS are low tier BBs, not Barclays and Citi.
Lmao I'm a bystander reading this but your post history is confusing as fuck. You say you were a summer analyst in your post and then you comment elsewhere saying you're a VP at EVR/CVP?
Bro are you living in an alternate reality?
LMAO this forum can't be trusted
This guy is a troll who hates on GUGG for no reason. Every single one of his posts hates on the bank.
Low Tier EB>>Low Tier BB for other buy-side and sell-side exits
Low Tier BB>>Low Tier EB for other general finance jobs just because the name is more well-known.
If you deicide your done with IB and want to do FP&A or something, coming from Citi would look better than Gugg, thats sentiment from those I've talked too at least.
PWP > Citi > Barclays = Gugg > DB > GHL
Wow this is really bad lmao
wtf is this joke
.
if you are at any of those firms, you clearly didn't win the game. You aren't in a top seat. Why split hairs at that point. It doesn't matter.
This is bad bro. All of these firms (except for DB) are +- in the same tier, depending on what you're looking for.
PWP, GHL, GUGG & Barc, Citi are the same tier of EBs and BBs
Agreed
tell me your Jane Fraser without telling me your Jane Fraser
To clarify: Citi/Barclays both have better exits than GUG ? Really?? And how might that compare to some of DB's best groups (FSG, Levfin) ?
Exits are pretty much the same between those. Wouldn't say better
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