Hey guys,
I got 2 BB offers for IBD, but I have another BB interview lined up in like 2 Weeks (the offer of the other 2 already expired there). Should I just say fuck it and go for a "lower tier" BB?
The problem is also that I said that no matter what I would accept their offers ... (I know, not the most intelligent move).
How is PE recruiting from BB's like Citi/CS/Merill ? Is it much worse than at JP/GS/MS ?
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Are you referring to Citi, CS and BAML as being "lower tier" BBs?
Lower than GS MS and JPM yes
No one has ever gotten hired from Citi/CS/BAML...
It's not really worth letting your current offers expire to try and get a JPM/GS/MS offer. That's what we in the industry call "high risk, low reward".
Email them and let them know you have an exploding offer. Let them know they must act fast if they want your hot dk
Interns pay attn:
Common mistake is overemphasizing the bank. Yes, GS is the best if you get into one of their IBD coverage groups. But after that, way more important to be in the right group (read: M&A or sponsors).
I'd take middle market M&A over JPM or MS coverage.
So focus on where you can get into the right group.
.
That's why I said GS IBD coverage. Not M&A.
And yes I would rather work in the M&A group of smaller bank than generic coverage group at larger bank. You get a better experience. Although some handle the M&A in-house it's hit or miss, and I'd rather not take the chance of landing in a coverage group where that's not the case.
Be sure to let the people down gently when you don't accept their offer. Referring to them as plebs or low born peasant scum would probably best reflect your feelings towards them, so such remarks would be wholly appropriate.
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