2023 UK Investment Banking Tier List
Tier 1: GS, JPM, MS, Lazard Rothschild, BAML, Citi, PJT, Evercore
Tier 2: Barclays, DB, UBS, PWP, CVP
Tier 3: BNPP, Jefferies, Moelis, Greenhill, RBC, HSBC, HL, Nomura, Macquarie
Tier 4: SocGen, Blair, Guggenheim, DC Advisory, Santander, Mizuho, MUFG
Tier 5: UniCredit, ING, Natixis, Mediobanca, Numis, Berenberg
Tier 6: Cantor, Piper Sandler, RBS, Stifel, Lincoln, Scotia, Credit Agricole,
Tier 7: Big 4, Alantra
Did Alantra dirty with that
Would move Jefferies up a tier and CVP down a tier
nah
Where would you place Baird?
Probably at 5 in the UK but very solid shop in the US
William Blair, Stifel?
credit suisse
It’s extinct so it doesn’t matter.
credit suisse
y alantra bottom
del
Heard that Rothschild advised the UK Government on the £4 million acquisition of the Suez Canal from the Egyptian Government
Cantor shouldn’t be that low. Their infra team is solid.
GS, MS, JPM in a tier of its own. Absolutely no way you can have Citi and GS or Evercore and MS in the same tier.
My guy living under a rock
This ain’t it.
It would be interesting to see the differences in comp between the tiers.
Put Lazard Rothschild, PJT and Evercore to Tier 2 and downgrade the rest. Also if talking about emerging markets and being UK based, Aream might be worth putting somewhere
This is the first ranking I've seen with no MS.
Speak of the devil
In what world is Rothschild the same tier as GS and MS.... And Jefferies below Deutsche lol
Deutsche and Jefferies are pretty comparable I’ll give you that, Roths in Europe is top tier though
You've got this backward - Deutsche in the UK blows Jefferies out of the water. This isn't the US. Jefferies shares their building with RBC and employs at most 4 or 500 people. Deutsche employs 7,000.
AGC?
This list is complete crap - some of the banks here have been completely dead and only surfaced because of 2021
Typical WSO post from someone that has never worked at any of them
ridiculous list, qatalyst obviously missing. also harris williams deserves a spot in this list
To be fair Qatalyst has about 7 employees in all of the UK and no graduate or internship programmes - not exactly a scathing omission because they don't have much of a presence. HW is a good shop though probably should've been on there
They do take 2 interns every year which have conversion opportunity
where would Cantor actually rank?
HSBC, Macquarie and Nomura should be tier 4
Congrats on the Berenberg offer!
Where would you say Standard Chartered Bank places, got a return offer from a spring, wanted to build my strategy with application season coming up.
This list is pretty inaccurate but would probably be tier 4
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