Bank/group tiers for MBA recruiting

There's a lot of discussion on this site ranking banks and groups, but it's from an undergraduate (analyst) recruiting perspective, where the most important factor is usually the quality of exit opportunities.

So, monkeys, how would you rank banks and groups from the perspective of an MBA student recruiting for Summer Associate roles? I think group culture (face time etc.) and promotion opportunities are far more important at this level, since many b-school candidates have family commitments and are generally looking to be career bankers.

4 Comments
 

There's not going to be a single definitive ranking for each person. Once you get to the MBA level, people's priorities tend to diverge a lot more.

A few examples: If you have an industry in which you have prior experience and know that you want to do it, you'll set yourself back if you join a bank with a generalist process (you also risk having to make the tough choice between an industry that interests you and a group that's a good cultural fit down the line in this situation)

On the other hand, if you have no prior experience and want a more general experience, it makes no sense to limit yourself to a niche group

Plenty of other considerations, but you should get the point. The top banks/groups will vary depending on your objectives.

 

Thanks! That makes a lot of sense. Is there a clearer answer if you break this down by industry? For example, what are the top 3-5 groups for:

  1. Generalist M&A programs
  2. Restructuring
  3. Consumer/Retail
  4. Healthcare
  5. FIG
  6. Industrials
  7. Natural Resources
  8. Real Estate
  9. TMT
Array
 

Probably yes, but that wasn't really my point. I'm assuming you're a 1st year MBA candidate. If so, I'd try to take an honest look at what you're hoping to get out of the experience and then ask 2nd years, alumni, etc., to get a sense as to which banks will help you achieve those goals. You can also look at league tables, etc., to see what types of transactions the banks have done. The obvious caveat is that they don't tell the whole story (i.e., you need to look at it with the added context of the size of the group, and be aware that not every transaction is classified correctly or disclosed).

Personality can be important as well - what it takes to succeed at least at the beginning will be different from group to group.

 

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