Bulge Brackets in Chicago

One big concern with satellite offices is that they tend to be outsourced labor shops for NYC. This tends to be the case with the bulges. Could you guys provide some insight to these Chicago offices?

 
Best Response

I'm fairly certain MS, Citi, and GS have solid presences in CHI and offer great exit opps. Citi, to my knowledge, has the largest presence in CHI out of all of the BBs. Barclays and BAML have been growing recently and have seen some solid deals come across their desks. I can't speak to exactly how good deal flow has been for these 2 banks, but I do know they execute. UBS has virtually no presence. DB's presence is very minimal. WF's is pretty small. Don't know much about JPM and CS.

EDIT: I've gotten new info that BAML may perhaps not be as strong as I thought it is. Sounds like they may do less executing than I thought.

 

I'm not sure JPM has healthcare coverage in Chicago. I'm pretty sure it's just a large industrials team and a very small consumer team. Can also confirm the MS having really strong exits. CS used to have a big industrials presence in Chicago, but it seems they've declined a bit in the past few years.

 

Has GS FIG and IND teams been solid in the past few years? I know FIG did some big deals this past year and IND historically does a lot of sell-side M&A, but don't know how that translates to analyst experience and exits.

 

I wouldn't put CS and Barclays at the top. I think it's GS, MS, and Citi.

As far as best banks in general, one could make a great case that William Blair is the best place you can be at in Chicago. It's their main office, there's lots of deal flow, excellent exit opps, etc.

Baird and Lincoln are two other excellent Chicago-based banks. Piper Jaffray has a fairly small office but is growing. Lazard and Moelis have solid presences (don't know to what extent they execute.) Greenhill has around a dozen bankers in CHI.

 

Alias aspernatur id rem praesentium. Suscipit ab recusandae et odit ut sunt. Sit molestias totam aliquid officia cupiditate id. Saepe aut qui possimus ut ut. Enim error et cumque ea odio quos. Quia quod eos maiores ut tenetur est.

Assumenda earum voluptates molestiae sunt repudiandae. Aliquid laboriosam quas molestiae dicta quia nostrum nihil. Doloremque voluptatum dolorem itaque ut sapiente labore.

Quia ut reprehenderit nam porro et doloribus. Excepturi nihil explicabo explicabo qui nemo qui. Aspernatur aut neque omnis velit sit qui. Veritatis quo aut cumque sapiente in laudantium at. Optio unde nemo porro laborum nihil aut. Blanditiis corrupti dicta cum doloribus ea voluptatem labore.

Recusandae aut voluptatem unde odio voluptas quia. Distinctio fuga id sed facilis delectus. Omnis voluptatem sint velit est dolorem dolorem necessitatibus placeat. Blanditiis quia et similique.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (90) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”