Barclays or RBC (Mid-Tier Group) Lateral Offer?
Lateralling from a MM/balance sheet bank and targeted mid-tier BBs, ended up getting two offers, both from very similar middle-of-the-pack groups at Barclays/RBC (think FIG/Industrials). Looking to maximize prestige/brand name and I don't necessarily care about pay. From what I know, the group at Barclays should not have been or will be impacted by recent layoffs.
Bumping for visibility
Where is the US?
RBC is good in terms of deal in North America
I would say FIG (if that's your thing) and industrials are two of the better groups at rbc in terms of dealflow if that helps.
Despite the recent struggle at Barclays, the bank is still fairly strong and brand reputation is sticky. It will be a while (if ever) that RBC 's brand surpasses Barclays, so I would lean that way. If for some reason you think you'll be a lot happier at RBC then go there.
However bonuses at Barclays aren't great. I'm pretty sure you will get a much larger bonus at RBC vs Barclays. I think at Barclays if the stars aligned top bucket would get 50%. The damage to NY Barclays rep has been done (a lot of strong MDs have left the bank).
That's fair, I don't work at either bank, so not too sure on pay difference between Barc / RBC. OP said they were indifferent on pay, and only want to maximize brand/prestige. RBC has had a ton of positive momentum recently, but I'd imagine most seniors, headhunters, and buyside firms still view Barclays > RBC as these reputation views are quite sticky.
Is that still the case?
FIG and Industrials are very different at barclays.
Industrials is solid for exit opps / experience, they work pretty hard though from what I’ve heard. FIG not so much.
Why do you people still entertain this stupid troll?
I have only heard good things about RBC
Bump
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