BB/EB Strongest Industry/Product Groups
Hi everyone, College freshman here interested in IB. Just wondering what people consider to be the strongest BB and/or EB banks for each industry group/product group. E.g. TMT - GS.. M&A - MS etc. Thought people with actual work experience in banking could provide some insight. Also, does GS have a separate M&A division besides the industry groups in their “classic” division? I wasn’t really able to tell from their website as it seemed a bit vague. And conversely, does MS have distinct industry groups besides their M&A division? Any help would be appreciated!
Yes, GS technically has an M&A team but they don't really do shit since most of the M&A modelling is executed in-house within each industry coverage group. Heard the M&A team just helps out with some tax related stuff or smth, not the usual M&A product group activity u find at other BB's.
Yes, MS has distinct industry coverage groups just like every other bank, not sure y u would think otherwise.
Thanks for your response. Couldn’t find industry group info on MS’s website, probably poor research on my part.
Being a proper product group, how is MS’s M&A group considered in comparison to its industry groups in terms of strength? Are the in-house industry groups stronger as is with GS?
MS:
FIG, CRG, Transpo, Industrials, Power, Tech East, Sponsors, HC
M&A - MS
LevFin - JPM, BofA
RX - PJT, HL
Tech - GS, Qatalyst
Media/Telecom - MS
Healthcare - JPM, CVP (specific verticals)
Industrials - GS
Power & Utilities - Barclays
Financial Sponsors - CS
FIG - GS
O&G/Energy - TPH
Real Estate - BofA
Consumer & Retail?
BofA
Would add Evercore to M&A, Moelis to RX, and MS Menlo to Tech
Not sure why HL is considered top on this forum, they're just a volume shop. If we're talking actuality it's PJT. HL is not equivalent to PJT in any way.
Lol I think PJT is considered top on this forum. Also HL was on Evergrande
friend who worked on evergrande said all they do is meet with creditors once a month and wait for a gov bail out
Curious about other capital markets (ECM/DCM)
A lot of this perspective is quite dated. The most glaringly obvious is CS in sponsors.
Who’s top in sponsors
lol
This is totally inaccurate
Its mostly accurate just because your bank isn't on there doesn't mean most of them dont deserve to be in each category
There’s some real layups on that comment that really discredit “totally inaccurate”. GS and Qatalyst not best in TMT? PJT not best in RX?
ECM/DCM/LevFin?
Evercore - Secondary Advisory
BoFA DCM is the strongest on Wall Street
ECM - MS
Power - Barclays, J.P. Morgan, Morgan Stanley, Lazard
Here are my opinions:
M&A: MS
LevFin: JPM, BofA, DB
RX - PJT, HL, MOE
Technology: GS, MS Menlo, Qatalyst
Media/Telecom: MS
Healthcare: JPM, CVP (BioTech)
Industrials - GS, Evercore, MS (Transportation)
Power & Utilities - Barclays, MS
Consumer & Retail: CVP, GS
Financial Sponsors - CS, BofA, MS, DB
FIG: GS, MS
O&G/Energy - TPH, MOE
Real Estate: BofA, CS, MS
ECM/DCM: MS, DB, JPM
Sales & Trading: DB, MS, CS
DB is slept on for Sponsors
worst list ive seen
CS s&t? you mean the bank with no prime brokerage, 90%+ equities revenue drop, a sold off securitized products business, and a limited credit business. Are some of you actually on the street?
Bros conveniently forgot Evercore PCA, when their Assocs, VP, MD are better paid than every single groups mentioned above lol
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