Barclays IBD vs. BAML IBD vs. Guggenheim IBD
I have three offers and I'm trying to decide which one. I like the generalist program at Gugg and not entirely sure what group I'd get at BarCap. Thanks!
I have three offers and I'm trying to decide which one. I like the generalist program at Gugg and not entirely sure what group I'd get at BarCap. Thanks!
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Career Resources
For summer analyst position. They seem pretty equal to me.
Help
If you don't know where you want to be placed then I'd probably take BAML over Barclays. Across the board I'd say that it has better groups when comparing side by side. That said, BAML has some solid groups in M&A, Sponsors, and LevFin while Barclays has tops in NatRes and P&U so if you have a strong preference for one of those groups I'd take the respective bank.
I don't know much about Guggenheim because the opinions seem to be really polarized.
Interesting thanks. I'm interested in Gugg bc of its TMT and healthcare groups. what have you heard about it being a scam?
That's honestly my biggest concern. I have no idea what group at BAML either.
BAML sponsors - least work for good exits (very efficient 2 year program)
BAML M&A - work a lot, good exits as well
BAML LevFin - this group still has some good exits but i think you would prefer sponsors
BAML REGL - probably best REIB group on the street? If you want to do REPE at MF this is group to be in IMO
Barclays Power - probably best exits of this group set, idk how much these guys work, but very good HH pedigree
Barclays NatRes - from my experience, very overrated, would need someone who works in this group / knows Barx/Leh to comment if they still exit well or even have a lot of work coming their way, Barx has missed a lot of really big nat res deals in the last 2 - 3 years
Barclays TMT - a very solid group overall, and better than people give it credit for. Insane culture, in a good way
Barclays HC - i think they just lost a bunch of people, but used to be pretty good
Gugg - bad exits in general, but they do work on a handful of big accounts; just not a great rep with HHs as far as i know
EDIT:
Because you are a summer and have no job security, thinking about return offer % might also be helpful. In the last couple of years, BAML has been returning anywhere between 45% to 75% of their summer interns on a group by group basis, and many groups have been on that lower end (particularly 2 years ago). From my understanding, some of the people who got cut were actually good candidates, and so if you are concerned about job security would take Barx over BAML. Barx probably 60 - 75% return offer rate if not higher for some groups. Gugg idk about return offer rate
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Wow thanks for this. Very helpful. I've seen some pretty bad things about Barclays TMT (sweatshop, no deals, bad exits) lol but there are a ton of trolls on WSO I guess.
Yeah definitely, those groups at BAML and Barclays would be the dream, but everyone is probably going for them so the odds are definitely against me.
And will keep the return offer rate in mind. Thanks!
Barclays TMT went through a very big culture shift a couple years ago. However, it's also going through a transition period where they just recently split T from MT
And you can confirm that the exits are good?
Barclays TMT has a conference room with a big ass sign that says "The Money Team". Absolute clown culture, I think they have a lot of fun nowadays
which locations man?
The first comment says that these are summer analyst positions.
thats just a comment bro, good u confirmed it
New York City!
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