Best Investment Banks
I'm just curious and want to know your opinions on which are the best investment banks to work for and why? Thank you !
I'm just curious and want to know your opinions on which are the best investment banks to work for and why? Thank you !
+169 | The "Not So Obvious" things that get you a return offer? | 20 | 4h | |
+101 | Is my life over after not getting GS? | 25 | 3h | |
+65 | Best IB group on the Street | 27 | 6h | |
+56 | BIG FOUR ARE PARADISE | 15 | 7h | |
+49 | Thoughts and tips on how to speak like an investment banker. | 25 | 5h | |
+46 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 22 | 10h | |
+36 | UBS Outlook | 28 | 1d | |
+34 | How to deal with egotistical team? | 6 | 3d | |
+33 | Highest Paid Bankers in Toronto? | 51 | 3h | |
+25 | Got RBC offer but I have cold feet accepting. | 33 | 1d |
Career Resources
Lol
And so it begins.
You're in Business School (so must be older than 21) and you're asking this sort of a question. Can you tell me what BSchool so I never go there?
I'm 19 and I'm interested in the investment banking field so would like to know more about it...
Pierce & Pierce...great culture.
UBS San Francisco.
piper jefferies
Rajaratnam and Gupta have really good deal flow, exit opps to HF (SAC recruits from them heavily) are very strong, PE not so much
Fair enough. The best investment bank is.......Lehman Brothers, they rode the crisis surprisingly well.
Thanks Oreos...i just spit blue powerade all over my monitor and its coming out of my nose...and the lady nxt to me wont stop looking over here now... lol
Bear Stearns probably a close second.
edgeview and mccoll are ideal in charlotte
Pearson Hardman
I'm pretty sure Pearson Hardman doesn't have ibanking. And that's not even their name anymore.
first work on getting a reservation at Dorsia's
PE is where its at.
.
this, for sure.
Investment Bank Rankings, The WSO Edition (Originally Posted: 03/08/2013)
If we all want to see rankings, we can easily hit vault rankings or look at some league tables.
But vault rankings aren't based on the considerations a monkey has in accepting/rejecting roles in investment banks. We aren't concerned with how energy efficient a bank is, and so long as we get the job, I doubt we're going to knock back a bank because their diversity ranking is in the second quartile.
Dealogic rankings are obviously our go-to-guide as dealflow is good for us when we want to go elsewhere and bring out all our tombstones to impress prospective employers. However, those deal tables come with rigid rules that mean that a bank advising a 20% shareholder on a hostile takeover gets full league table credit, just to give an example.
In this post, I'd like to see where the monkeys rate the investment banks.
In light of recent news eg. some banks exiting businesses (I do not want to give specific examples that might form a biased view), I thought a reviewed, updated monkey ranking should be posted.
Note: the rankings are to be considered on a global scale
good lord, go focus on getting an offer
1 Salomon Brothers
2 Lehman Brothers
3: Bear Stearns lol
Terrible topic from OP but how many of you are going to keep making the same joke and thinking it's still funny?
Apparently a lot of us. Haha
I thought it was funny
4 WAMU
5 Drexel Burnham Lambert
6 Donaldson, Lufkin & Jenrette
7, First Boston
8 Kidder, Peabody & Co.
9 Pierce & Pierce
10 Alex. Brown
So many of these.... A little help (quick search should be easy enough),
BX, GS, MS
You're welcome.
Thoughts on "Top 10 Investment Banks to work for" (Originally Posted: 10/11/2013)
I recently came across this article while looking for top investment banks to work for. This is very interesting. For instance, would you ever choose HL over CS and MS? What are your thoughts on this article? Legit?
http://www.vault.com/blog/workplace-issues/50-best-investment-banks-to-…
Pearson is a top law firm, great finance practice run by louis lit
If they're using a "weighted algorithm", this seems about right. HLHZ's lifestyle and culture pull its average up, while GS/MS's prestige counterbalance the shitty culture and lifestyle. Blackstone kills it in both categories. To my understanding, the algorithm has more "lifestyle-based" variables and thus those hold more weight -- hence the high HLHZ ranking. If you want to look purely at a firm's prestige, Vault has a "Top 50" list ranked solely by prestige -- HLHZ is way low on that one.
There's something negative said about hours or work/life balance in each of the first 6 reviews. It gets repetitive. Vault has a strange hard-on for HL and it's reflected in their rankings.
Also, from what I've read on this sight it sounds like BX doesn't work particularly long hours since deal flow isn't that great. So that means BX analysts get the benefit of manageable hours and top prestige? Does this sound fucking sweet or am I missing something?
good hours, prestige, above street pay, lean teams/great learning experience, amazing exit ops
yeah, pretty fucking sweet
Heard from somewhere on this forum that HLHZ used to sponsor this report (or Vault to some extent). Might not be true (ever or anymore), but could be attributed to their apparent bias for them.
HL culture definitely differentiates it from other banks. Don't agree that the lifestyle is better than most other places though. Hours can get pretty rough but the culture/people make it more bearable. This is for RX though
UBS is by far the best run bank in the world. Goldman Sachs has been scoring record losses the past few quarters so I would avoid them like the plague.
Ranked (assuming generalist offer): GS Ms Jpm/Lazard/evercore/pwp/qatalyst/centerview/bx/other elites
Gap
CS/Barcap/baml/citi/DB
Gap
Top mms/UBS Strong mms
Gap
Mms
Huge Gap
No name boutiques etc.
中金是最好的
What are you seeking to attain out of the experience? Best bankers, best M&A, most deal flow, learning experience, most capital, flat org, etc. ?
Gleacher
You recorded Gap multiple times on the list, just FYI. May wanna fix that.
Also, Gap is only good if you get into the slightly more exclusive Banana Republic group, regular Gap is meh and avoid Old Navy like the plague.
Look man I don't like this obsession with not ranking on this site. In my opinion it's silly and adds no value. Ranking does add value because kids then know wtf they should do (at least from a prestige/exit pop perspective) about multiple offers.
I know kids at low tier bbs thinking they have it better than the kid at evercore. I mean it's crazy.
GS TMT last year gave 12 return offers. 7 accepted. 2 of those 5 who passed their offer up went to Blackstone, one to McKinsey, another said "fuck finance, I'm out" and went to a startup, and I don't recall what the 5th ended up doing.
First of all, GS and MS give generalist offers. When you get hired as a summer, you have to go through the placement process; there's no guarantee of getting any of the three groups you pref highest. Chances are, you will, but it's not guaranteed by any means; for example, a friend at GS ranked his three preferences with TMT as the first, yet got put into FIG (well agreed as the bank's other strongest group) without even having it as a listed preference.
When you get hired as a full-time analyst at MS or GS, for regional offices you may get hired to a specific group, but the accelerated recruiting process at the end of the summer is simply a mechanism to get warm bodies into the seats they need. They get the total number they want to fill out their analyst class and worry about the sorting later; it's not until much later in the process (well into the fall semester) that specific desks go out and recruit for a precise role (and even then, it's almost invariably because one of their summers who received an offer took his precious time to decline it and the group ends up scrambling to fill it late in the process).
Blackstone doesn't give generalist offers. If you're in advisory, it's either M&A or Restructuring (although the new M&A Structured Products group has started recruiting separately from the other two).
This is an inherently subjective thing. If you want to work at a distressed, special situations, or event-driven fund, a place like Blackstone or Lazard for restructuring is probably going to set you up better than GS TMT/FIG. Headhunters will love you for being in those groups, but if you can't get past the invitational dinner, coffee chat, or first-round interview because you aren't technically prepared to work at a Centerbridge, York (Credit Opportunities), a Gates, a Fortress (Drawbridge Special Opportunities), or an Angelo Gordon, GLG, Halcyon, Redwood, Litespeed, Solus, Jana, Contrarian, etc., then God bless you, you're stuck in banking.
If you want megafund PE, then yeah, aim for the groups that enjoy perennial positions in the limelight, the usual suspects (strong coverage groups like GS TMT and FIG, MS Media/Comms and CRG, JPM Sponsors and TMT ... strong product groups like MS M&A, GS LevFin, JPM M&A and LevFin).
Long story short, know what you want to do, then identify the best path to help you get there. Blindly following the herd because you heard "this is the best group" will get you lots of headhunter love but won't necessarily get you real skills, and on the buy-side, all they ever want is alpha-generating talent. If you can't produce, get the fuck out of the seat.
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