Best IB groups per bank

I am just curious about the best group(s) per each bank, both BB and EB. Also curious about how the east coast group compares with its west coast counterpart.

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Irrelevant unless you have specific offers to compare

best group=the group that gives you an offer

 

If you’re actually in b school, I think considerations like industry interest and how a platform sets you up are more important considerations. At a BB or balance sheet bank like WF/RBC you can offer a full suite of products, EBs can only offer advisory. It’s easier to generate revenue when you can offer a TL, Revolver, FX, ECM, DCM, liability management, treasury management, trade finance and M&A. I feel it’s more difficult to get to MD at an EB than at a BB.

 

If you are interested in career banking, at Evercore it's PCA. A VP can likely break a million, deal flow is non-cyclical, revenue per head is insanely high, and the market is rapidly growing - 45% CAGR over the past 3 years. Plus working with sponsors is amazing - multi billion dollar transactions with BX, Ares, Carlyle, H&F, GA, get done ever year.

 

I accepted Evercore PCA over another EB offer (PWP/Laz/Moelis) for Summer 2023 and have heard great things about the group.

Not confirmed but apparently PCA has a different fee/bonus structure than M&A as well?

 

I'm at a top 3 bank for PCA (not EVR but PJT/Jeff); Essentially what GP-Led does is if a PE firm wants to extend the life of one/few assets in their fund, they do a continuation fund which the PCA team essentially performs a more complicated sell side M&A process, selling the portfolio company back to the PE firm without the original LPs (giving the original LPs liquidity exits). Theres also other ways to do this through strip sales/single asset recaps. It's a really interesting space and very hot right now. 

 

What are you talking about? FS is with LevFin together as a group. Also M&A analysts don't work a 9-5 lol

 

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