I have been noticing some discrepancy as to which firms are Bulge Bracket firms and which are not. One publication had the five stand alone American i-banks as the bulge bracket and I have seen different people on here say different things. Below I listed who I believe is the Bulge Bracket, is this an accurate list?
Citigroup
JPMORGAN
UBS
Goldman Sachs
Lehman Brothers
Morgan Stanley
Merrill Lynch
Deutsche Bank
Credit Suisse
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I guess that's a reasonable version of it
Reasonable, I'd take Deutsche out personally though. and isn't this in the FAQ anyway?
Much more useful would be a list of the top boutiques. People disagree on that much more I think.
I'd actually be more inclined to take out UBS instead of Deutsche. Deutsche is actually not faring as bad as UBS or Citi.
Unless UBS goes bankrupt I doubt they'll ever fall off the bulge bracket. Plus even in their sh....y position they still manage to stay on the top of the league tables.
Remember, you will always be a salesman, no matter how fancy your title is. - My ex girlfriend
When the tide is down, we finally know who's not wearing any clothes...what you see in some of these banks are actually pretty ugly. Citi and UBS are definitely two of the ugliest.
Sounds like a good list to me.
Though I think most lists/rankings are basically bullshit. I'd really hate to see this proposed list of top boutiques - talk about a flamewar waiting to happen.
the flame war is the reason why I think a list of top boutiques is needed. Even at Wharton, unless a person is really into finance, they have no idea wth Evercore or Greenhill are quite often unless they've already done banking. The BB list is there fundamentally so people know what kind of firm they're getting into in terms of prestige and exit opps. a top boutique list would serve a similar purpose I'd think and at least the debate would give people a lot of new info.
In my opinion, bulge bracket status is too subjective for "definitive list."
To me, if a firm meets the following three criteria consistently, I consider it bulge: - the firm is large in scale (revenue, tables, volume) and scope (product mix, including cap markets) - when any newsworthy transaction is announced, it would not be the least bit surprising to see the bank in a lead role - in a given sector/product, on average the bank is either in the top 5 by volume/revenue OR it would be reasonable to assume that IF the bank REALLY wanted to be, it could make that happen within a few years
I don't think bulge status is in any way a function of "prestige," rather it's the other way around.
Bulge bracket list seems kind of stupid to me. How about an "Investment banks that you would'nt not want to work for" list. Especially considering that M&A experience is something that a lot of people want in order to go on to PE/HF/whatever. Would people here really choose Wachovia or someone else not on this list, or even one of the other names on this list like DB over LAZ/GHL/EVR?
http://wallstreetoasis.com/forums/the-not-completely-definitive-boutiqu…
Add Bank of America!
No, don't!
Douche bag.....wait...I mean Deutche Bank isn't a BB...not realy at least
So what do you do? -I work for an investment banking firm. Oh okay; you are like my brother, he works for Edward Jones. -No, a college degree is required in my profession
They might not be on top of the Worldwide M&A league tables but Deutsche is the European Powerhouse. One of the biggest debt players globally. It goes on the BB list...
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