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In no particular order

BAML has a strong team. Lots of execution.

MS pretty bad culture, unhappy people and too much politics at the top

CITI is ok, many deals, there are some assholes too, but overall not a bad place to be.

JPM don’t know that much, feel culture not great but could be wrong

CS has a strong team, probably best group behind Sponsors to be.

UBS don’t go there

GS go there for the brand name, but would prefer other banks to be honest. Still a good deal experience but bad culture.

DB better than UBS. Good culture and nice people.

 

Isn't GS C&R supposed to have one of the best cultures among the other classics groups?

 

Work with the Citi C&R team a lot and can confirm the above. Decent deal flow (more so on the capital markets side than M&A tbh) and mixed bag culture wise. 

They lost a lot of MDs recently to the likes of RBC and Jefferies but are trying to fill the void. 

Were on the Albertson's Kroger deal as well which was a pretty landmark transaction.  

 

Work with the Citi C&R team a lot and can confirm the above. Decent deal flow (more so on the capital markets side than M&A tbh) and mixed bag culture wise. 

They lost a lot of MDs recently to the likes of RBC and Jefferies but are trying to fill the void. 

Were on the Albertson's Kroger deal as well which was a pretty landmark transaction.  

Albertons / Kroger hasn’t closed and doesn’t count given FTC scrutiny

 

JPM consumer team is toxic source: i was a intern in 2021 in different coverage group and heard bad stories from my freinds

 

Here’s the league tables from Factset since 01/01/2021 until now.

M&A advisory only. North America.

Sector filter: Retail trade, Consumer Durables and consumer non-durables.

So basically the bulk of R&C. Appreciate that some eCommerce gets covered out of R&C at some banks vs tech, so this is not adjusted for that, etc.

  1. CITI
  1. BOFA
  1. GS
  1. GUGG
  1. CS
  1. JPM
  1. WF
  1. JEFF
  1. RBC
  1. EVERCORE

I’m surprised about WF & RBC. Probably just advisory credit for league tables in connection with balance sheet financing.

 

This is a pretty wild lineup:

Seems uncharacteristic for Citi and BofA to both be ahead of GS which also raises the question, how tf is Jeff, RBC, WF ahead of MS which isn't even listed on the top 10?

Is MS C&R really that weak?

edit: not even sure why I’m getting ms for this

 

Citi C&R combined with HC so that could be why. Also confused about MS lol

 

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