Cantor Fitzgerald M&A or DCM at a bigger bank?

Title.

For a non-diverse kid at a target, is it better to take a 2024 IB SA offer at a pretty solid bank (HSBC/Wells Fargo/Nomura/etc.) but in the DCM group or take an M&A/coverage offer at a bank like Cantor?

I am planning on rerecruiting FT since this recruiting season was quite tough and I want to have another shot at getting a BB IB offer. Was just wondering which of these two internships would set me up the best to make FT rerecruiting easier.

Thanks.

 

If your offer is with Wells then go with DCM, if it's with Nomura / HSBC then go with Cantor M&A. I imagine that DCM is a top group at Wells due to the company's strong balance sheet, and as for the other banks, they just don't have that strong of a presence in the US.

 

Don’t over think it. Interns never do anything relevant. Genuinely doesn’t matter which you choose. Would you rather do bitch work at wells or cantor?

 

Is Cantor pay still (based off what I remember) way above street?

 

Cantor is largely known as one of the most toxic groups on the street. Call anybody that has previously worked there and you will here unanimously negative things. Howard Lunick is also controversial and does a lot of MAGA deals (SEC suspicious of DWAC offering, BGC partners still operates in Moscow, trying to buy Rumble). Also, not that it matters, but look at the performance of the CFAC Acquisition Corp spacs that they sponsor. They bought most companies for billions and they're literally penny stocks today. Idk what the fuck they were thinking unless they simply just put so little money into their spacs and take out so much fees that it doesn't matter to them how the de-spac performs. Talking about pre-revenue companies with $B valuations. 

Staffers that leave the office at 9:00PM then come back at 11:30PM just to take notes on who isn't there still and fuck them the next morning.  

 

Sit eveniet dolores nobis. Voluptas nisi quam occaecati laboriosam velit ipsa. Tempora explicabo quia reiciendis rerum non. Cumque aliquam officiis aut maxime in cupiditate. Quis quia molestiae laboriosam nihil quo. Doloremque est ex unde totam ullam voluptas nihil. Similique est voluptas sunt a itaque qui molestiae.

Dolores repellat aut et corrupti. Quasi eligendi dolores libero quam aut alias. Perferendis laudantium rerum quo nobis officiis.

Esse natus similique quasi nihil incidunt a minus accusantium. Est illum fugit in temporibus eos aut.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”