just curious about the prospects of working in ibd at ibank - would it be better off to go with a brokerage firm (your MS/ML) with strong distribution abilities or universal bank (your JPM etc) that can use their balance sheets and get deals. I'm only talking about their deal flows etc and hold all the other stuff like comps etc constant. thx
| +413 | Evercore Intern Seizure | 63 | 3h |
| +128 | UBS IB Americas has failed, now behind Santander and Stiffel | 34 | 9h |
| +96 | Sent my Claude prompt to 200+ Teams chat. MD wants to see me Monday. | 34 | 52m |
| +79 | deleted deleted deleted deleted deleted | 44 | 13h |
| +60 | How do I understand vs. just memorizing? | 11 | 22h |
| +56 | Some banks are overrated as fuck | 17 | 13m |
| +48 | Associate & Above IB exits | 18 | 1d |
| +47 | The good and bad with Wells Fargo | 16 | 3h |
| +41 | Tech to IB Pivot | 22 | 3h |
| +36 | Incoming IB Analyst: Best Ways to Prepare? | 13 | 20h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
IMO, the universal banks will win out. they can lend at LIBOR minus.
Once this liquidity sloshing around dries up, MLS, LEH, BCS, GS, and MS won't be able to offer compelling financing. and the boutique IBs like EVR and GHL will capture the purely advisory business.
but that's the long run. you need to be concerned with the next 5 years.
This kid doesn't even know his ticker symbols. Its MER and BSC genius. Seriously, this justification has been making the rounds, its the standard pitch the Universals give to recruits but it's really just crap. The big monoline banks are NOT going to loose all their advisory business to Greenhill etc.
They are able to arrange financing with Commercial/Universal banks should the clients need it. Clients still need the monolines on account of their extensive client lists, debt and equity platforms.
Not to mention the inherent conflict of interest that arises when a universal bank lends money to and advises a client at the same time. The bank's main goal is to get its loan back, and this could lend a conservative bias to the advice it offers clients (to ensure that the client can make the interest and principal payments, as opposed to investing in further growth, etc.)
Quia aut ut et velit ut. Sint tenetur explicabo possimus voluptatibus odit perspiciatis ducimus.
Molestiae et est illum voluptatem nesciunt deleniti sed. Qui a nostrum dolores et quas. Sint nulla molestiae neque quae ut quia. Velit ad et qui voluptatem ab aut. Aperiam aut sequi sunt qui. Culpa dolor dolor qui rerum et tempora.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...