Prestige Rankings London

Prestige in London:

Banks:

Tier 1: GS, MS, JPM, Rothschild, Lazard, PJT, Robey Warshaw
Tier 2: BAML, Citi, Evercore, PWP, LionTree
Tier 3: CS, DB, Barclays, UBS, Houlihan, Guggenheim etc.

Location of banks:

Tier 1: Mayfair
Tier 2: City
Tier 3: Canary Wharf

Location of home:

Tier 1: Mayfair
Tier 2: Chelsea, Kensington
Tier 3: Elsewhere
Tier 100: Shoreditch

Transport:

Tier 1: Central Line
Tier 2: Northern Line
Tier 3: The rest
Tier 4: Car
Tier 5: Bus

 
Funniest

Nah bro, all wrong

Banks: Tier 1: NatWest, Aldermore, Allied Irish Banks Tier 2: British Arab Commercial Bank, First Bank of Nigeria, Habib Bank AG Zurich Tier 3: Everything Else

Location of home: Tier 1: Daghenham East Tier 2: Pontoon Dock Tier 3: Elsewhere

Transport: Tier 1: Walking 10+ miles Tier 2: Stolen bike Tier 3: Santander Bike Tier 4: London Trams line

 

Thought the same, Kensington, Knightsbridge, and Chelsea are the crème de la crème in London.

But if you're an analyst working in Canary Wharf, you're better off looking at flats in CW, Canada Water, or North Greenwich, maybe even Stratford (Stratford is still a bit dodgy and far af from the social scene in London but you can get a reasonably priced flat right next to the station and not a long commute to CW).

 

One of my best mates has been dishing out 650 pounds a week for a VERY old appartment, with okay-ish furniture and concierge. Also, I never liked the thought of living across the road from the office, but then again to each his own. You can get a decently sized one bedroom appartment in Belgravia/Knightsbridge (15/20 minute walk to Mayfair) for the same amount and I personally prefer that area.

 

Couldn’t agree more. For anyone wondering: Tbh if you work in Mayfair, then living in Belgravia/Kensington/Chelsea would be ideal. If you worked in the City, then Whitechapel would work really well (only a 10 minute walk). Or Shoreditch if you are into that kind of scene.

 

The list in my opinion should be:

1) GS, MS 2) PJT, JPM (PJT>JPM if interested in restructuring) 3) Lazard, Moelis, Evercore (all three also top for hedge funds especially if in restructuring at LAZ or Moelis. Plus all three have the great advantage of having a generalist pool which gets you great exposure to restructuring and M&A ans allows you to work on a great variety of deals, plus relatively easy mobility to the US if you want to transfer. Plus average first year bonus of 90% from what I have been told from friends)

4) PWP, BAML, Rothschild, Credit Suisse 5) Citi, Greenhill, Centerview 6) DB, Barclays

7)UBS, Jeffefries, HSBC, RBC 8) BNP, Nomura, Macquarie 9) MUFG, Mizuho

This list is for exit opps, in case you want to be a banker for life boutiques should be much higher because of the higher bonus and cash compensation. You do NOT want to have huge deferred compensation tied to the performance of the stock as most Investment banks have sideline stock prices and even huge declines as soon as a crisis hits. You want to be putting your money to work in a smart way such as real estate and possibly other investments rather than being massively overexposed to one super-cyclical investment. This is not my case, but if I wanted to be a banker for life I would definitely choose Moelis and Evercore over MS and JPM, possibly even GS depending on the group. The reasons are:

-Faster promotion for super stars

-Less bureocracy and compliance

-Easier mobility to other offices

-Much greater exposure to senior managers and clients

-Higher compensation

-Cash compensation rather than stock options

If you disagree with my ranking or any of my points feel free to chip in!

 

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Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
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