2024 Investment Bank Tier List (Ranked by Unethical Culture)
Happy to incorporate feedback but this is generally what I feel is correct, can be extremely group dependent.
Ranking
Tier 1A: BOFA FIG NYC, GS TMT SF, BOFA Intern London, Moelis NYC
Tier 1B: Jefferies M&A NYC
Tier 2A: Moelis 2am Staffer NYC, PJT 3am Staffer NYC
Tier 3A: Stifel Trading London
Tier 3B: RBC Calgary, BMO Mining Toronto
Tier 3C: Pierpoint IBD London
Glossary
Tier 1A = Evidence of overworking junior employees to death
Tier 1B = Evidence of sexual harassment of junior employees
Tier 2A = Evidence of general abusive treatment of junior employees
Tier 3A = Evidence of running an elicit office prositution ring
Tier 3B = Evidence of Canadians abusing each other
Tier 3C = Evidence of questionable behaviour
Source: efinancialcareers.com, wallstreetoasis.com, trustmebro.com
I think you might have forgot to list a specific BMO group
Bro put Pierpont, Hari will be missed.
MS M&A, GS industrials
Can you elaborate/share a source please?
GS Industrials
...
Tobin and Co
damn i remember so much shit posting about this outfit years ago. any recent interesting stuff from there lately?
BGL, Earth
Is it still that bad? After how much of a hit their reputation has taken in the past few years I would’ve expected them to make a change.
FT Partners
Moelis
Evercore
Ask about the analyst “burnouts from natural causes” they’ve covered up
What other banks have overworked juniors to death besides bofa (2)?
Goldman and Moelis suicides a few years back, people suspected long hours
I would add PJT M&A. There was an intern who committed suicide which was very unfortunate.
Bonus: Not an IB but PE firm Greylion had an associate that died back in 2021.
Do you have a wso forum thread or other reference for the PJT intern suicide case?
https://www.nydailynews.com/2016/06/07/indiana-college-student-20-hangs…
see above - there’s a WSO thread on Baird a few years back where I think the VP got fired for abuse.
Extremely weird of WSO to take down the links? It's not false information, he was objectively a pjt intern who committed suicide. What's the excuse for the censorship this time?
Was a very close friend of that person. There were other issues going on with him personally and I don’t believe the work culture at PJT was the main reason. It certainly didn’t help, but the guy needed help vs going off to do the internship.
sorry for your loss man
Thank you everyone for your contributions, I have added a glossary to contexualise the rankings by evidence of unethical culture
How is Lazard not in Tier 1B considering what happened last summer
I thought the girl was drunk after the game?
Surprised nobody has mentioned Jefferies Healthcare, literal unethical hours. Notable mention is the Jefferies energy transition team. I sit in NYC, and everyone on the floor has heard about how that team wrecks their junior team in Houston, sounds like great deal flow lol.
I pity the energy transition juniors at JefCo. They were told they can’t eat food in the break room (like the other juniors) because if they have time for that then they have time to get work done.
They are hiring summer analysts but the process runs very slowly bc the group got so jammed up with live projects.
What groups at Jeffs in NYC have best hours/WBL/culture? if any...
Legit? That sounds crazy
What is considered unethical here?
What groups at Jeffs in NYC have best hours/WBL/culture? if any...
What groups at Jeffs in NYC have best hours/WBL/culture? if any...
Are they worse than traditional energy @ Jefferies Houston? Also where r u hearing about this?
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