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Spoke with somebody who interned at Barclays London. Apparently they used to run a Cohort System where the analysts were in different sector teams. First was the 'hard' stuff: Natural Resources, PUI (Power, Utilities & Infra), Chemicals, stuff like that. Second was Industrials, TMT and Retail. So team culture was more a 'Cohort-culture', at the junior level at least.

But they are getting rid of these cohorts, so they expect to see a bit of a change in the culture. What I heard was that Industrials and TMT had good dealflow and were quite relaxed people. Industrials had the biggest group of interns, then TMT, last CR in the second cohort. CR had poor deal flow that summer, but my friend said they were improving.

PUI has always been one of Barc's strongest teams, so I guess their dealflow is good. Haven't spoken about their culture.

 

Not as good as Power and Utilities

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 
"oreos"

Not as good as Power and Utilities

What about their status compared to other bulge bracket IBs? Also, do you guys have any info regarding the work load (-> work hours), the atmosphere, the exit opps?

 

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