What BB bank would you NOT want to work for right now?
IB
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(Senior Baboon, 244
Points)
on 11/14/07 at 7:53pm
Any thoughts.. especially with all the recent problems.





Wachovia, BofA, Citi
Wachovia, BofA, Citi
Bear, ML, Citi (Since when
Bear, ML, Citi (Since when is a Wachovia is a BB?)
Reality hits you hard, bro...
Since when is Bear a BB? It
Since when is Bear a BB? It has never been one. BB only means the following 8 banks: GS, MS, ML, LEH, CS, UBS, Citi, JPM.
I would stay away from.....
Bofa (I know its not a BB) and Citi
Not Citi...
been a rudderless ship for a long time. the people's also not great. the politicking at Citi is legendary.
Trust me, I know Wachovia
Trust me, I know Wachovia and BofA aren't bulge brackets but I threw them in because plenty of people on this board seem to lump them in with the big hitters just because of their size. Either way, I wouldn't want to be starting my career there now.
what about DB?
is it a BB
CS isn't really a Bulge
CS isn't really a Bulge Bracket anymore
That's true, about CS barely
That's true, about CS barely being a BB anymore. While there are massive write-downs going on at a lot of the BB including Merrill, Citi, JPM, etc. CS and UBS, in terms of IBD, are simply not on par with those BB banks. So I'd certainly prefer any of the others over CS or UBS.
DB is most assuredly NOT a
DB is most assuredly NOT a BB and never has been. CS IBD has totally gone down the tubes since the '90's and it is probably a good call by wildwest that most people don't consider it a bulge anymore; it's certainly weak sauce these days compared to Citi or ML no matter how many write-downs the latter take. UBS has to be the worst place for bankers right now, hands down. Between letting Moelis and his minions go and capping comp at $700K, it seems they have completely forgotten their IBD exists.
For ML, people confuses its
For ML, people confuses its brokerage strength with its IBD. ML's IBD has always been very weak (especially M & A). It has nothing to do with the recent write-downs.
Agreed. I would LIKE to be
Agreed. I would LIKE to be at Goldman, Lehman or Morgan Stanley ideally. I'd take JPM too.
Don't work at CS, but you
Don't work at CS, but you guys are idiots if you don't consider a bank that's top 6 in IPOs, financings, and M&A to be a bulge bracket. This forum is retarded. How many people actually work in IB?
(No subject)
You could make a VERY weak
You could make a VERY weak case for CS being the very last bulge, but you'd be hard-pressed. They're just not shadow of what they used to be and not nearly as good as what most people consider the "bulge bracket" i.e. GS/MS/LEH/CITI/ML/JPM.
I don't consider Citi and
Why'd you retract your
Hahaha Citi and JPM aren't
nystateofmind
Harsh words from the
ha ha ha
off to bed
Danny_ish... do you have a
Dan the Man
ha ha ha
Seriously
I think it is funny that
Hahaha Dan is such a circus
lol what a character. I