I'm interning at Barclays over the summer in an associate position and wanted to know about the leading groups in the bank in terms of:
1. Street competitiveness/franchise
2. Culture
From all similar such posts, I understand that Nat Res is clearly a leading franchise, but that's a group that I'm not wholly interested in. Are there are other recommendations?
Alternatively, anyone have intel on how are the following groups:
A. Consumer Retail Group
B. TMT
c. Sponsors
Thanks in advance folks
| +145 | The "Not So Obvious" things that get you a return offer? | 18 | 1h | |
| +76 | Is my life over after not getting GS? | 18 | 3h | |
| +56 | Best IB group on the Street | 22 | 1h | |
| +52 | BIG FOUR ARE PARADISE | 13 | 6h | |
| +45 | Thoughts and tips on how to speak like an investment banker. | 23 | 2h | |
| +40 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 20 | 17h | |
| +36 | UBS Outlook | 28 | 17h | |
| +35 | Georgetown Placement for 2024 and 2025 | 21 | 6d | |
| +31 | Highest Paid Bankers in Toronto? | 50 | 1d | |
| +30 | How to deal with egotistical team? | 6 | 2d |
Career Resources
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.
would also like to know about barcap ibd groups
Heard good things about Power and CRG. Don't know much though.
Full disclosure I don't work with Barclays. However, they come on campus and do information sessions (target). I'm pretty involved with the clubs on campus and through the experience have forged some really strong relationships with people in various groups, including some higher ups. When I've asked the same question concerning groups I was told nat res and industrials are really good (known on all of Wall Street). The md that I consider my go to guy works in DCM and claims it to be a great experience and when I did independent research I found Barclays to be a top tier debt servicing franchise. I've been speaking with people in ECM also given the great balance and culture it provides. I'm unsure if I'll choose barclays when the time comes, but if I do ECM or DCM would be my play. Ignore what people say about ex. Opps and all that stuff, if you prove yourself no matter what group the doors are left open to progress on the path you choose. Lastly, don't underestimate the culture of the groups. Barclays has a great culture throughout the entire bank, but look our for some of the coverage groups.
Thanks for the response 21 and IBNINJA.
Bumping to hear more inputs.
In TMT you get great deal experience where there is always a plethora of live deal activity, and same goes for Industrials. Industrials is a pretty top-heavy group, a lot of seniors members, great deal exposure at the analyst level. Nat Res is obviously a top franchise at the firm. I have friends in both ECM and DCM: great culture.
Industrials has a great culture. Agree on the group being top heavy, although, they are expanding at the more junior levels.
The general culture across the coverage groups at Barclays is pretty solid. There aren't really any "infamous" groups to worry about. The only group that I've heard some bad things about is TMT in NY, but this is from a second-hand source.
Really? I've heard that new management was brought into that group and as a result the morale picked up and more deals were getting done. This was fairly recent (after the layoff season) Are you able to comment? Thanks Mr.Wolf.
And, going off what others have said the consumer group does have a good culture. I can't speak to the deal flow or the amount of technical work analysts and associates see though.
Not sure about the new management for TMT. The stuff I heard was fairly recent (Q4 2013), but it is certainly possible that things have changed. The best way to find out for sure is to get in touch with junior bankers in the group.
@kidflash While several MDs left the CRG group last year, the group has maintained nearly all of their accounts. Solid group, for sure. Within Barclays, I'd say they are just below Nat Res and Power, in terms of deals.
Nat Res is the top dog in Houston. The NY group is solid, as well, but mainly deals with chemicals, metals, mining, etc. (not oil & gas). Great exit opps from both locations, though.
In regards to Sponsors, I'm fairly certain that the majority of the group is in LA and they have more of a capital markets role within Barclays. Can't really comment much further than that.
Do you know how the Industrials group in Barclays in structured? Are there subteams such as machinery, aerospace & Defense or they are all considered to be in 1 group and the analysts work on all the deals?
Haven't heard good things about TMT. Crg got gutted by Guggenheim. Nat res is universally praised as top barcap group.
Heard same as above, I heard sponsors is really small in NYC but not sure as to how good they are.
considering all m&a is (supposedly) run out of coverage groups (according to my contacts), i'm guessing sponsors isn't that strong. maybe more of a relationship group?
MinneBanker, sponsors is lean in NYC but great experience at the analyst level. Place well in terms of exit opps. Real Estate Group is niche, but strong if thinking exiting in a similar vein. Culture of Nat Res is top, going hand in hand with group prestige across the Street.
You're right about the culture of Nat Res. I have a friend that worked in the NY office and she claims the experience was great. I ignore the people on WSO that say the group is principally known for its Houston location. Both groups work on the same deals (perhaps with a slight skew of oil and gas) and the modeling is surprisingly intricate. I know they have a good name on the street, but I don't know anything about the real estate or sponsors group.
Thanks for the solid inputs folks.
As a quick feedback from my impression having interacted with the various groups: - Sponsors is indeed lean due to M&A done within groups, but the impression I got (after multiple senior/junior level interactions) is that they spend ~50% time on modeling with the rest on coverage - TMT got a sense that they're on the treadmill, but I still haven't gotten a sense as to the deal closures, deal quality and group quality. The few people I know are constantly under the gun, but that doesn't say much. Hence the question - CRG, again, had a great bunch of people, but from the deals I eyeballed, I wasn't sure how robust deal flow/quality was.
Once again, thanks for the inputs. If there is anything I can help with PM me!
Natural Resources is the top group. Consumer Retail is great too except Taussig and some other top guys got snatched by Guggenheim. As everybody else said here, I've heard great things about ECM, DCM, and LevFin. LevFin is very capital markets heavy (i.e. no LBO and cash flow modeling) so make sure you speak to people in the group and learn more about their job before you put it as your top choice.
Barclays Desks (Originally Posted: 02/13/2014)
So there have been threads like this in the past, but in light of recent events (specifically recent earnings releases), I wanted to try to get some fresh opinions.
Barclays has been considered a FI giant for a while now, but in 2014, which desks do you guys think are their strongest?
High Yield/Investment Grade credit are their top 2 desks in FI (consistently #1 on the street for credit), also very strong in rates. Not too sure about other FI products...definitely would not want to stray into equities (although they are building up their equities franchise)
Est sequi nostrum rerum eos earum. Porro a doloribus dolor est aliquam maiores. Repellat at nisi cupiditate.
Sint rerum ullam fugit dolores et. Vel sequi provident neque libero sint similique. Dolorum voluptatem eaque asperiores eos neque aut.
Fuga quibusdam temporibus sed dicta. Excepturi quisquam voluptatem ab sint. Numquam ea beatae impedit consequatur. Sequi dicta consequatur autem id praesentium iusto adipisci.
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)
or Unlock with your social account...