BOFA ERGC vs RBC
I am just wondering how BOFA ERGC compares to RBC in terms of exits both in relation to how it compares to top groups like M&A or PU&I as well as the average groups. Also am curious to learn more about how it compares to groups at other firms like Blair or HL. I understand that the group is a part of BOFA so the initial name brand might be higher, but seems to be the weakest group at the firm focused solely on MM deals while RBC top groups do get larger cap exposure.
RBC > BofA EGRC by a clear mile. Not even a comparison.
In terms of exits, I get the brand name but you will get zero deals done and gain no real execution experience in EGRC - this makes you a weak candidate for exits. That plus shit pay across the board at BofA makes RBC a clear winner in my mind.
Unless you go to BofA EGRC and make the move to an industry or product group, would go with RBC.
Just my two cents.
Also, how would you evaluate this to something like DB then? I am also in the process there, so wondering if I should continue there too. I understand that DB is widely viewed as the weakest over the years amongst the traditional BB firms in overall flow, but their brand name is stronger than RBC, so would love to know how to evaluate RBC, DB, and BOFA ERGC as well. Thanks!
Depends on group
Would take any DB group over BofA EGRC. Would also do any mid coverage group at DB over anything at RBC.
90% of DB groups >>>>>>>>> ERGC
zero chance industry or product takes an egrc minion. the river of sewage flows only one way.
My roommate's cracked and knows various EGRC juniors, especially from SF, who've exited to places like HIG and top B school like Wharton. My roomate has closed 4 deals at EGRC as an analyst and there's also multiple interns who got full-time return offers at other BofA groups like FIG, M&A, etc but asked to switch to EGRC at Bofa over it. Seems like they also get to do more modeling than the other coverage groups at BofA. The awesome culture doesn't hurt either.
That awesome culture isn't true for everyone in EGRC. Most of my shit directors and MDs got pushed out to EGRC. I call them shit not because they get no deals done, but because their demands are such that you'll be doing late nights and early mornings every day of the week for something that they'll call live just to get you to do their stuff.
y u lying? check this dude's post history and its just lying about egrc lulzy...
I can’t believe BofA EGRC is still hiring people, given the ridiculous bloat…
Go with RBC hands down. Deutsche is in the crapper so probably a closer call, but Deutsche is prob better too
Just wondering how you think DB exits would compare with RBC? Understand the DB is in the crapper but wondering since they were/are historically considered a BB whilst RBC is not.
RBC for sure
RBC 1000%. EGRC is the laughing stock of BofA. It is not even about the fact that they are MM focused. They just do not do any deals that are going to close and you will not get the training you need to develop your career since it is full of knuckleheads and bottom bucket rejects from other coverage groups.
Also the biggest bonus pool drain of any IB. They should honestly just cut the entire group… if GS and JPM couldn’t find glory in MM, BofA won’t either. I have never come across such a large group this grossly overpaid and under qualified
Not sure where you are getting your info, but GS and JPM have both been highly successful with their MM strategies, especially JPM. Key driver of growth for several years now. I don't know anything about this BofA team, but there are definitely BB firms that are making lots of money doing MM M&A deals.
So how do you feel about EGRC?
If you polled the entire pool of bofa bankers today, i am confident 99% would parrot my thoughts on that team.
From a pure exit and experience stand point: HL/Blair > RBC > EGRC. From a brand name standpoint BofA beats all.
All are players are in the MM space but HL / Blair executes the most and are most lean. Strong groups in MM banks will see multiple 1B+ deals but at EGRC it would go to a sector or product group. Hope this helps.
This is just so ridiculous. The only people that hate on EGRC are people within BoFA… perhaps rightfully so. But be aware that 100% of the hate is coming from this perception that the group is dragging down bonuses and prestige of the firm + interactions with 1-2 choice suckas (every group has them) and not based in any rational evaluation of the group’s talent or performance. No unbiased observer would ever care or say that RBC is better than EGRC
are you at bofa? b/c if u were u would be more well informed and realize the trash talk on egrc is factual. egrc bankers rarely lead the work streams on live deals since coverage groups do it so u get no training. many egrc senior bankers were brought over from non-investment banking departments so clueless. when was the last time egrc announced a deal that was not led by coverage? these are all factual statistics so if u were at bofa u would know this is all true.
Assuming your private credit intern title is outdated and you do in fact work at BofA, then you also understand that EGRC is a universal scapegoat for all the other problems at the bank. Every coverage group works with a product team. EGRC is just an easy target to shit on because the headcount is ridiculous. They may be the worst group at the bank but it’s still better than RBC. But people like you are just so jaded that there’s apparently a group putting in 40 hour weeks for the same salary full of “knuckleheads” you’ll spend all day venting on the internet
EGRC is a coverage group... I have rarely seen EGRC work alongside another coverage group outside of bringing in a MD who knows that industry. Coverage groups by default lead the live deals, therefore EGRC leads if they originated the relationship.
Sorry but this is such a cope. Ask anybody at BofA and you’ll get the same response and perspective. EGRC has a few good MDs + Ds and has some sharp juniors. The far minority. 90%+ are morons who don’t know what iota of a planet they are currently occupying space on.
The last 3 years they put everyone who was bottom bucket and would have been fired at any other bank into that group.
How is that a recipe for success and not a bonus drain on everyone else? They have hundreds upon hundreds of people..
Sorry but this is just not correct. BofA is full of ridiculous amounts of bloat and EGRC is the headliner. There legitimately have been like 2 EGRC-led M&A deals in totality the past few years. When EGRC is on a deal, it’s usually some hoser D/MD looking to latch on and take credit for a coverage led deal so he doesn’t look completely useless at the end of the year.
Having worked with EGRC extensively, I wouldn’t trust 90% of the juniors to find sand in the Sahara. Seems like all the juniors do is recycle old slides from other teams and collect checks. There are some good seniors who have been in the group for a while, but the vast majority of them were dumped into the group from some random black hole at the bank and can’t even spell M&A.
Literally the only advantage EGRC has over RBC is the BofA brand name. If your goal is to parlay the offer into another coverage or product group at BofA, then take EGRC. Otherwise take RBC hands down. RBC also pays materially better than BofA (even their coverage/product teams), largely because of BofA’s bloat.
BofA ERGC (Equity Research, Global Consumer) typically focuses on middle-market (MM) deals, which can offer valuable experience in the consumer space but may be seen as less prestigious compared to top groups like M&A or PU&L, which generally provide more exposure to high-profile, large-cap transactions.
RBC’s top groups, like their M&A or capital markets teams, tend to work on larger transactions, which can lead to stronger exits, particularly for those seeking roles in private equity, hedge funds, or other high-end investment opportunities. These groups at RBC are often viewed as having a slightly better reputation in terms of deal size and exposure.
Comparing to firms like Blair or HL, both of which are solid boutiques, RBC’s larger cap exposure could offer a stronger exit potential depending on the specific group you’re in. However, BofA’s name brand can still hold weight, even if ERGC focuses more on MM deals. Ultimately, the strength of exits will also depend on the individual’s performance, network, and the specific opportunities available during the tenure.
Chat GPT
This is why AI cannot yet be trusted
Whatever you, don’t go to RBC FIG.
That group sucks.
Most people are quite short sighted in their assessments of prestige. BofA is still one of the largest BBs that beat RBC by a landslide. Just because it announced poor bonuses in the last 2 years shouldn’t skew our perception that BofA will be a prime IB shop for decades to come while RBC is a Canadian bank with much less solid fundamentals.
have you ever transitioned out of IB or lateraled after your analyst years? you realize that you actually need to learn how to do some basic tasks while you are in IB right? EGRC analysts and associates don't learn how to do IB tasks because they spend 99% of their time copy and pasting slides from coverage groups and never lead live deal work streams. If they get lucky they might work on a sub $100MM sell-side that will never close nor will have anyone else staffed on it because everyone refuses to waste time on it. how are you going to recruit out when you did not learn anything and by the way, you are a generalist so you have zero sector knowledge, let alone live deal experience.
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