WSO Virtual BootcampsSee all
Popular ContentSee all
Total Avg Compensation
April 2022万博app网页版
LeaderboardSee all
| 1 |
|
99.2 |
| 2 |
|
99.2 |
| 3 |
|
99.1 |
| 4 |
|
99.1 |
| 5 |
|
99.0 |
| 6 |
|
99.0 |
| 7 |
|
99.0 |
| 8 |
|
99.0 |
| 9 |
|
99.0 |
| 10 |
|
98.9 |
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Comments (48)
Really dependsBBvsEB. Both are similar strength-wise (Not TMT)
Are you out of your mind lol? PWP hands down
"Markets can stay irrational longer than you can stay solvent."
Judging from the mixed responses here, I don't think it's "hand down." I was hoping to get more insights into each one
Citi, unless you really prefer the boutique structure. Most people have never heard of PWP outside of finance. And inside finance it doesn't have the same history asplaces like EvercoreandLazard.
Could you talk more about the boutique structure and how it differs from aBB?
Positives of boutique structure include less red tape and bureaucracy (very prevalent at big global banks Citi andBofA), fewer people to deal with (No M&A group etc.), and more camaraderie/closer relationships across smaller analyst classes.
Easy PWP. Better pay, better culture, better average exits
PWP is actually no longer generalist across the analyst program fwiw.
OP, you have to take PWP hands down. The only things that matter, comp, dealflow, culture, and mentorship will be much much better at PWP
Citihas weak advisory in both of those spaces and really just gets on a ton of deals in a financing capacity (yuck!). Do yourself a favor and go to PWP
I would only take citi if you are unsure whether you want to stay in finance since the brand is 100x stronger outside the world of finance (no denying this).
However, PWP has better culture, exits and compensation (know former & current bankers there).
The only reason to pick Citi is if you want to leave finance at some point because Citi has a good brand name. PWP has better pay, better exits toPE, and better culture. Even if you exit to corpdev, those departments are mostly ex-IB guys, and so they know the PWP name.
Have heard from analysts that PWP SF has a rough culture, sweaty hours, and bad deal flow. Nyc may be a bit different but I don't think pwp tech is that great. Hc is another story though.
How isnycoffice?
FTorSA22?
Just inputting from what I've gathered.
If SF tech,
would go for whichever group you enjoyed more. However, I've interviewed with PWP tech in the past, got very stressed vibes from them. I've heard from different groups and banks that it's probably their worst group. Rough seniors and lots of pitching. Maybe things changed over covid?
If HC SF
PWP I've heard is pretty much the opposite of its tech group. Would definitely pick them if HC.
I mean I love it how people here onWSOhave some type of different league tables or whatever
If it'sTMT, pick Citi hands down. Simple search on Mergermarket with the following parameters
(1) Target or Acquirer must be from the USA
(2)TMTsector
(3) Time period: 2019 till now
(4) Announced deals excluding lapsed or withdrawn bids
Result:
(a) Citi -> 101 deals with combined value of USD429bn
(b) PWP -> 23 deals with combined value of USD132bn
AnyUSBBbalance sheetbank will do a lot more deals than a boutique such as PWP, which can only offer M&A advice
Knowledge of financing will help you anywhere, be it inPEor Corp Dev or even at a boutique bank such as PWP. Why? Because you can't do M&A without financing
Pick Citi, it will make you a well-rounded banker and it will expose you to some very good deal flow, as I laid down above
lol what should I be jealous of? Regardless of how many more offices Citi has, they only have most of theTMTteam in two locations I presume -NYCand SF. I'm guessing probably ~20 analysts, that means on average one analyst ~5 announced deals per analyst in the US
PWP has ~4TMTanalysts in London so probably up to ~10 in the US
Let's say only slightly more than 5, so ~7. That's ~3 announced deals per analyst
Nice try PWP HR team
I think both of you guys are forgetting thattmtis divided into two groups at both banks (T/MT). Where MT makes up a greater portion of deal flow than Tech. You may want to look into that considering PWP and Citi Tech may vary differently due to that in deal flow.
Again I dont get why people are wanking so much when they hear PWP... I mean I don't really care about "I hear PWP SF team is great" or "my friend works at PWP and their tech team is amazing, deal flow is great" because I like the facts.
Simple search on Mergermarket with the following parameters
(1) Target or Acquirer must be from the USA
(2) Tech (consists of computer services, computer software, computer hardware, semiconductors and internet / ecommerce)
(3) Time period: 2019 till now
(4) Announced deals excluding lapsed or withdrawn bids
Result:
(a) Citi -> 78 deals with combined value of USD202bn
(b) PWP -> 14 deals with combined value of USD16bn
Can you elaborate? I thought they were in hiring mode? Eg poached MDs fromCS
PWPTMTis not what it was a few years ago. Look up the Business Insider article with this:
After flashy hires and a big buildout,Perella Weinberg媒体和电信团队也已经面目全非。我们tracked the exodus - and what it says about the landscape for blockbuster M&A deals.
Take a closer look than what this forum is telling you and talk to people at both banks and inTMTgroups at neither bank for an unbiased take
Ab repellat aut tempora velit id. Voluptas laudantium facere qui. Dolores pariatur similique ullam quas fuga ut architecto.
Sed recusandae illo consequuntur dolorum tempora blanditiis. Alias aut sapiente harum minima numquam. Velit facilis porro ullam animi et. Neque explicabo quidem vitae tempore exercitationem.
Quia aliquam voluptatem et sunt dolores. Facere quisquam maxime quis tenetur. Qui quia dignissimos dolore ducimus ut suscipit. Eum nemo veniam et nisi unde et exercitationem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus:6 financial modeling lessons free($199 value)
orWant toUnlockby signing in with your social account?
Fugiat enim molestias magnam. Est aliquam soluta iure facere cum in. Corporis doloremque ab maxime commodi enim. Enim placeat in illo esse iste quia maiores.
Preview & download comment as image
You can download this screenshot as image or copy to clipboard using browser's context menu