Question to all: Would you rather VP at a better MM name (Cowen/HL/ RJ/WB) with a less established MD (ex Big 4), or a better MD (ex BB) with a worse brand (Japanese IB)? Thinking about future exit opps.

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Solid MM imo

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Random thoughts…

Ex-BB doesn’t mean they’ll attract better clients necessarily or that your experience will be better. They could be a way worse MD because they came from a much more cutthroat environment. Ultimately the ex-B4 MD is at a good shop and has established credibility there.

Also, it’s MM not ECM. The b4 MD may be better with smaller entrepreneurial clients because that’s their baseline experience versus the ex-BB may have worked on mega deals and is better with a more formal board.

Lastly, (I’ve seen this directly at a boutique I used to work at) the ex-BB MD may chase big deals that are unattainable in the current platform because that’s what they’re used to. Versus the ex-B4 knows their place in MM.

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VP at a better name or MD at like a no name LMM boutique where you keep like a huge percentage of transaction fees

So in terms of hours: 65 at LMM and 85 at MM for context

If it’s Daiwa stay away the company is failing

VP with a better name.

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