Best group on the street
Helllo everybody, In terms of exit opps/deal flow/comp/culture what is the best group on the street? ex. XYZ TMT. Why?
Helllo everybody, In terms of exit opps/deal flow/comp/culture what is the best group on the street? ex. XYZ TMT. Why?
Career Resources
Jesus here we go again...
pjt rssg
This right now for sure
Goldman Sachs FIG
Not an exhaustive list but based off of general talk/ league tables/ buyside placement etc.
Stifel LevFin
HSBC M&A
Wells Fargo Tactical Opportunities
Jeffries Special Situations
Piper Sandler TMT
Good list, but you forgot RBC! It's the Top BB of all time.
Is HSBC a MM or BB? Seems to fall on the border
Don’t forget Tobin & Co - heard they send a lot of people to MFs
You forgot TD Securities Consumer retail
Guys, chill with the downvotes. I was asking a legitimate question... Sorry for using term "prestigious". I've changed it to "best" because i'm genuinely curious.
In terms of exits, comp, AND culture, I'd go with MS Sponsors. Culture can be subjective tho.
What does the Sponsors group do? Haven't heard of that one before.
Theres a new thread answering this question every month at least
This thread is a few years old
Who has the best healthcare group
recently MS but JPM is also very well respected
Jp healthcare is the biggest on the street and kills the league tables consistently
operating committee, JP Morgan Chase
PJT RSSG
It's the only answer to this, now end the thread.
reasons?
This is one of many reasons, but read following from Reuters:
"The U.S. Treasury Department has hired Wall Street bankers and lawyers to advise on providing tens of billions of dollars in aid to the airline, cargo and defense sectors, people familiar with the matter said on Wednesday.
The appointments come after U.S. lawmakers approved a $2.2 trillion stimulus bill last week to mitigate the economic fallout of the coronavirus pandemic, which has killed more than 5,000 people in the United States and shut down large swathes of the country's economy.
PJT Partners Inc will advise the Treasury on its negotiations with the airlines, the sources said. The stimulus bill, known as the CARES Act, provides for up to $50 billion in aid to airlines, half of it in loans and loan guarantees and half of it in grants.
overall for analyst experience and exits its probably MS M&A. GS TMT is also very good but caveat is you could get stuck only doing capital markets vs M&A. GS FIG is very good too. I think others have a better view on boutiques than I do
Which group in GS do you think has the most M&A activity, since they don't exactly have a standard M&A group like the other banks?
Goldman is the most active bank, all of their groups have a ton of activity. the thing is though that a lot of their groups are split into capital markets and M&A. so you could be in TMT but only do ecm / dcm
GS FIG does the most M&A work in proportion to the other groups at GS, due to the unique nature of FIG companies (not as much ECM activity and little to no DCM since FIG companies are already highly levered through deposits, policy liabilities, etc.)
Those are both very strong groups. But PJT RSSG is stronger. Even if not interested in rx work PJT M&A out places and brings in more revenue per analyst by far.
not even true.. MS M&A has such a strong history of sending kids to amazing places that headhunters automatically trust the group. PJT RSSG is great too at that point what's the point of even comparing? Senior leadership at most PE/HFs are almost all from GS/MS, if that tells you anything.
PJT M&A is overrated on WSO. Would rather be at cvp, moe la, evr, hl rx
There's so much misinformation going around this forum that I decided to chime in. If you were in a classic coverage group at GS and wanted to only work on M&A deals, you can just by maintainin a good relationship with the bum.
Source: Ex-GS IBD Classic Analyst
.
Why do you think MS M&A has a superior analyst exp?
Managment Committee at Goldman Sachs is good work if you can get it.
Whats management committee? Never heard of this
Lmao. That's their C-Suite
pjt rssg no question
MS M&A
JPM FIG
MS M&A, Tech, Media GS TMT, FIG PJT Restructuring
My rough impression having been a generalist for a bit of who you do not want to be pitching against (can only speak from a business perspective, not a comp/exit opps/culture one):
FIG - GS Consumer - GS/MS Tech - GS Media - MS/Moelis Telecom - ? Know nothing M&A - MS (though caveat that most of the top EBs and GS have industry groups execute) HC - JPM Industrials - All of GS/MS/JPM and many of the EBs cover this well, very broad space Sponsors - MS/CS? - Also tough to pin down because it can vary significantly from bank to bank in terms of what the group does. Could be just making lists of companies in some and more execution/leverage finance in others Restructuring - PJT Power & Utilities - Barclays O&G - ? Know nothing
M&A - RBC
O&G: Evercore
Telecom - JPM
Think elite restructuring groups take the cake for the next couple years...
GS RX?
lol GS rx is a joke it’s glorified NPL workouts
PJT, HL, EVR, MoCo, Laz, etc.
love the one you're with.
To Add a few: Consumer - GS/MS/BofA FIG - GS/JPM Real Estate - BofA/MS Restructuring - PJT/HL Sponsors - CS/BofA/MS/Barclays Industrials - Citi/JPM/GS
Restructuring: PJT / Houlihan
FIG: GS / JPM
TMT: GS
M&A: Evercore, M&A
Industrials: GS
Sponsors: Credit Suisse / MS
REGL: BofA
Healthcare: JPM / GS / Centerview
Consumer: GS
LevFin: BofA
Power & Utilities: Barclays
how would u say the HC group in Menlo for EVR compares to GS HC? I've heard EVR is really strong in that space too so would u put them on GS level?
Not on GS level at all. Something to note whenever people talk about any groups (but even moreso relevant for healthcare) is the VERTICAL. For instance, Centerview absolutely kills it in pharma and no one doubts that, but they can't say the same for medtech, services, HCIT, etc.
Back to your question, I'm assuming Menlo EVR HC would only focus on biotech / life sciences given the location. They're solid in the space but by no means at the top (GS / Centerview / JPM / MS all are better)
Where would you out Moelis?
Truthfully just don't know enough about Moelis to put them on here (not in either a negative or positive way).
It does seem like Moelis is just absolutely solid all around, but not sure if they would be a clear-cut industry #1 (or even 2/3) for any sector. Seems like their strategy the past few years has been to focus the majority of their time on smaller deals (e.g. sub $1bn), so maybe this plays a role? Tbh not entirely sure and don't want to say something that isn't true.
RBC Energy IB in Calgary
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