Barclays IBD Groups
Hi all,
New to WSO so apologies if any formatting or tone is not in line. Just had a question which I would be really grateful for any answers. Have been fortunate enough to have a summer offered for IBD at Barclays in the London Branch. Was just wondering what the consensus is for the different groups? Ive heard P&U is a well reputed barclays team and that LevFin is very strong but very low conversion and tough team. If anyone had any insights into the exits, conversion to grad, hours, and culture is like at the different teams that would be really appreciated.
I know there was a thread just like this about 8 years ago, was wondering if anything changed though since then - or any more recent updates!
Thank you!
To be clear I don't work there so don't have first-hand knowledge, but I do know that half of the Consumer team left to a rival bank a year or so ago, including a very capable senior banker - I'm not sure how it has performed since, but that's a lot of turbulence. I had understood similar things to you around their LevFin team.
Ldn is very different than NYC
Bump
For Sector:
P&U, NatRes: Good but sweaty
Industrials, HC: Decent and think people/culture are more hit & miss
TMT, Consumer: avoid
For Product:
Sellside M&A: avoid
LevFin: as you said, good but toxic culture. Recent deals didn‘t go too well
ECM: depending on what desk exactly, generally the ppl there are nice but a bit intense
Personally I am in a country coverage group so know all of the above quite well from working with them. If I was to decide, would go P&U or NatRes (particularly Chems). However, they get worked really hard so may not be for everyone
Why avoid TMT and sellside m&a?
Nobody good left, poor flow, remaining seniors passing down their pressure to perform on the juniors…
Tldr hellhole
Thoughts on FIG?
Run away run away as far and as fast as possible
Anyone know about FIG/Real Estate?
RE: small team and I do not recall any RE deal Barclays has led
FIG: can‘t comment as i don‘t know anyone there. Just know that some of the really senior guys (eg Europe CEO) are former FIG bankers so guess senior involvement will be quite high
Their FIG group is top notch. They are consistently on big deals
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