BB Investment Banking Groups in Chicago
What are the industry groups in Chicago for the Bulge Brackets? Particularly JP Morgan, Credit Suisse, Deutsche Bank, Citi, Barclays, and Morgan Stanley? Which have strong groups?
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While I can't say which groups at specific BBs are strong, the Midwest has typically focused on a few industries including: industrials, healthcare, automotive and some consumer.
any ideas on specifics? Which industry groups in which banks?
If you want to do finance in Chicago, I suggest you look at firms that have their HQs there, like William Blair and other top MM banks. I haven't heard very many positive things about the groups for regional BBs in Chicago. However, if thats what you have your heart set on, best of luck!
Can anyone comment on Elite Boutiques (Lazard, Greenhill) or Chicago offices of BBs (Credit Suisse, GS, BAML, Citi) or top MM's (William Blair, BMO, Baird)? Most of the threads on Chicago banks are a bit dated on WSO.
I've heard that GS Chicago is working on the Delphi IPO. Other than that, I have not heard much else.
Curios as well.
don't forget Houlihan. I think their Chicago office is pretty strong as well.
Chicago BB IBD Exit Opps (Originally Posted: 09/17/2013)
How good / bad are exit opps for BB offices in Chicago? More specifically, for GS, MS, and Citi. Also, which BB has the strongest Chicago presence?
Thanks in advance.
GS has the best exit opps
You are wrong. Not only does GS have the strongest presence in Chicago but it also does execution (though works on some deals wth teams from NY). I'd expect more with that star next to your name. MS has notoriously bad culture and presence in Chicago. Can't speak to Citi or the other BBs, though I believe JP is fairly strong.
Don't reply and give misinformation if you're completely clueless and/or a moron. Of course GS executes in Chicago. They also have the best exits.
Furthermore, your comment is pretty useless considering pretty much all the BBs in Chicago execute, including Citi and MS, UBS, CS, BAML, etc, etc
I knew analysts coming out of GS and MS Chicago that got great placement into the largest PE shops (but only in Chicago). William Blair actually has great PE placement year after year for its analysts but largely at sub-billion dollar PE shops around the country.
JPM Chicago has a generalist analyst program and they also execute.
So I assume exit opps are similar to NY BB IBD roles, with more of a focus in Chicago PE shops?
I think it's easier for NY BB IBD to get a Chicago PE shop, harder the other way around. But if you know you want to stay in Chicago, then yes, I'd say similar with more of a focus in Chicago PE, though if you're at a top shop, you can definitely move.
What part of front office are we talking about here? if IBD then GS and MS. City is solid but not up par to these two.
Yes, IBD.
The boutique offices are pretty new, and therefore don't offer quite as great exit opps but you'll be more than fine. Moelis' is especially new and Greenhill only takes a couple analysts every year in the office. Lazard does have sick restructuring and auto groups.
BBs in Chicago (Originally Posted: 11/14/2012)
Are there any BB banks that have an IBD division in Chicago?
I know that GS, DB, MS and Barclays have offices there, but not sure if any of them have ibd groups.
Thanks.
Yes, every BB has an IBD office there.
...with Citi, CS, and GS doing very well
I would put JPM in that bucket too.
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