Barclays vs Gugg vs Greenhill
For summer analyst offers which would you choose / what would you rank these offers?
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Bruh
Probably Barclays. I know they’re going through a rough patch right now but the other banks aren’t good enough to warrant losing that brand name + they still have a few strong groups. I know the Gugg SAs have been putting in the work on this forum to gas themselves up but it’s just not as good imo.
Makes sense, thanks
greenhill bois put in a lot of work - just check out the ms this will get
It's very clearly Barclays. Greenhill has like almost literally no deal flow, and Gugg although solid is in a very weird spot where they are viewed as an EB only by some headhunters(i.e. some headhunters don't treat them as part of the BB/EB recruiting, and so don't give Gugg kids as good of opportunities). Unfair because personally, I think they are an EB, but just kinda reality of the situation. I know a bunch of people in the HH firms and can confirm that Gugg isn't considered part of their "top boutiques and bulge bracket" list, which is stupid because DB is technically included in it and Gugg is very clearly better than them. Again this isn't every HH, but def the case for some and with Barclays you simply do not have that problem.
True but GHL is known to have great exits and promote exiting to PE whereas staying is encouraged at Barc. Do you think they have similar exits? And what about Gugg
Prospects and interns overthink about the exit. Ultimately IB is a 2 year training program for gaining the actual finance skills you would use in PE and whatever later career path. Greenhill simply doesn't have deal flow, which means you will be severely behind and won't really get to understand how deals function from the sell-side. You will get deal experience in a good group at Barclays or Gugg, that's the real difference. Also, I think Barc still has better exits than GHL, but GHL is def more supportive of exits. It's more hush-hush at Barclays, and I'd argue that GHL naturally attracts more hardos than Barclays (probably true for the EB vs BB though generally), but still IMO a relevant point in terms of viewing exits as ultimately exits are a reflection of your analyst class and heavily influenced by how much your analysts want to exit (hardos are typically more prepared and have an easier ramp up process, which helps a lot when recruiting happens mostly in your first year). GHL, in particular, basically attracts no lifetime bankers as that group often looks for pure deal flow, which GHL doesn't have, whilst they are attracted to the BBs generally speaking due to their ability to learn across products. I am somehow who wants to be a lifetime banker (at least for now) and that's the general thoughts of many others going for a similar thing. Note: Am not at any of these 3 firms, but I am at another BB.
Chose Barclays over Guggenheim because I wanted a more recognizable name and bigger analyst class.
Guggenheim and it isn't even close. bonuses are $40k higher per year at the analyst level minimum.
Barclays isn't really committed to US IB and struggling hardcore. Greenhill has been ass for a while (7+ years?), still places decent somehow.
At another BB, but:
If you're looking for higher comp - GUGG/GHL are the way to go
If you're looking for buyside exits, then on average - GHL>BARC>GUGG
If you're looking for brand name (whatever that means) - BARC will be more known than the other two in case you want to exit finance after a couple of years
All in all, I don't think any of the options here is that much better or worse than the other. It's not like you're contemplating between CVP and Cantor Fitzgerald
Caveating that top groups at Barc exit equally or better than GHL. Barc's top groups get on-cycle as well as off-cycle MF attention, and GHL remains a shit-tier bank in terms of actual deal flow. IB is also about experience and you aren't getting live deal experiences at GHL because well nobody is lol. That bank has absolutely gone in the shitter and is only somehow getting shittier and shittier. Exits might also have gotten worse now because it's under Mizuho, GHL is like clearly the worst here overall, and might not be better than Gugg in exits for long (already worse than Barc top groups like HC, Sponsors, or PU&I that regularly get and have MF exits).
How is deal experience at Barc given there is in-house modelling? Does this truly make a difference in deal experience compared to other BBs that just pass it off to the M&A team?
Greenhill by far has better exits than Barclays on a per capita basis lol - source: close friend in analyst 1 class that just started. Don’t spread misinformation (Barclays shitty culture, just go gugg or GHL lol)
GHL is not that same what it was in the 2010s but exits wise it's still better than Barclays considering their large class size. You could argue that P&U or HC teams have MF/UMM level exits, but other than that Barclays has a pretty mediocre and volatile exit track record
GUGG > Barc > GHL
RBC >>>> Rest
Greenhill easily the best if you want to be paid the most and have best chances to exit - Barclays best for career bankers
Could we please start referring to GHL as Mizuho Greenhill?
Bro so unhappy with his life, sure Mizuho Greenhill mogs for comp and exits (from an intern)
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