Can someone post Chicago rankings? Curious to know the breakdown and power of EBs and BBs there when MM shops like Blair and Baird have such a strong presence there. Do places like Moelis and GS even have a dominant presence in chicago?
Looking for rankings in deal flow, deal size, and exit opps
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Comments (51)
Be more specific. What sort of "power" and rankings are you looking for? PE exits, Dealflow, WSO street cred? Copy/pasted from another thread:
BB
BofA - Automotive, Agriculture, and other midwest general coverage. ~30-40 people (5 MDs).
Barclays - Tech-Enabled Services & Industrial Services. ~20-30 people (2 MDs).
Citi - FIG, Automotive, Metals & Mining & other Industrials. M&A team also sits here. ~40-50 people (4 MDs).
CS - Business Services & Industrial Services. ~20-30 people (2 MDs).
JPM - Automotive & other Industrials (building materials, paper & packaging). M&A team also sits here. ~20-30 people in coverage (2 MDs)
GS - Industrial Tech, FIG, Education, and general midwest coverage. (3 MDs)
EB
Evercore - Paper & Packaging. ~10 people (1 MD).
Moelis - FIG, Paper, general midwest coverage and Food/Bev. ~20 people. (4 MDs)
PWP - Automotive & general midwest coverage. ~20 people (2 MDs)
HL and Laz also have presence in CHI
FWIW, the global head of industrials for HL works out of Chicago
Agreed, Chicago is a major industrials powerhouse
is bofa chi a top group?
Guggenheim's Mid Market team there is a beast
Yeah, heard from friends they're killing it.
HL has a strong Food & Bev team in Chicago, and Lazard has RX, which is also solid. They have M&A too, but I don't think they do execution in this office.
I'm pretty sure lazard m&a executes out of chicago given their staffing structure
even the BBs mostly execute the deals they originate out of CHI
I'm not sure where the rumor that CHI was just for pitch shops originated but it's misleading-lots of BB cov groups in NY are just pitch shops in the sense that modelling is outsourced to M&A group. Most likely if the nyc counterparts are pitch shop cov groups then CHI will be a pitch shop but if the nyc counterparts execute then the CHI group also executes
having said that, there are some MDs in CHI who don't have their own analysts in chi and are responsible for sourcing deals, but that won't affect you at the analyst level since they do their own thing
Citi Industrials and M&A just moved to Jefferies. New office for the firm, so would put Jefferies right there given the group head and other MDs moved over with him.
Gugg too. 60 bankers. Tech, consumer retail, I think some industrials.
Can someone make a ranking list based on exit opps and deal flow?
It could be difficult to get an exact ranking. Each year it would often depend on the strength and ability of the candidates themselves.
Likely can categorize by different tiers, however.
Tiers would be lovely
Why don't you just make the list and base it off of a representative sample of analysts/associates at PE firms to see which IB shop they came from?
Raymond James also has a presence in Chicago. Mainly Industrials there and some from their Tech group which is strong.
I had a buddy who worked there... absolute meat grinder
Also Lincoln, Piper, Greenhill.
del
Jefferies does not have a Chicago office. Not sure what you are basing these ranks off of but your sources seem flawed.
They do have a Chicago office - small shop that got set up earlier this year.
This seems pretty accurate if you move Jeff down
Any break down of like smaller boutique banks in Chicago (non-EB or big MMs)
Blair is king-enormous with good leadership and consistent growth. I'd say the best place to be in the city
I've heard Blair is great place, but they appear to be way down in 2022 rankings (talking transaction value) compared to a place like Gugg (31 bil vs. 13 bil). Does something like this matter? Or does Blair just do a lot of smaller deals, which means Blair bankers get a lot of reps (which can actually be a plus for Blair -- 100 deals for Blair, vs. 35 for Gugg)?
THIS AGED LIKE FUCKING MILK
Anymore colour on i guess what would be LMM boutiques? Like a dresner partners or the sort
More accurate Ranks. Tiers not in order btw.
Tier 1: Blair, Baird, HL, Gugg, Citi
Tier 2: JPM, CS, GS, Solomon, BMO
Tier 3: BofA, Piper, Lazard, Barclays, Macquarie
Tier 4: Ray J, BGL, PWP, Greenhill, Jefferies
Tier 5: dogshit banks (Lincoln, Truist, Stifel, Stout, Oppenheimer, etc) and super small offices (Rothschild, PJT, Moelis, Evercore)
wtf is this a joke? how are you ranking bmo above lazard and on par with gs? Laz chi rx exits are very much on par with Laz ny rx exits
Is bofa chi a top group
Is this some satire post? Prospects, do not listen to users like this. Go network and do some research because this is classic blind leading the blind here. Of course it's made by a summer associate. Zero context provided and I can vouch for most of this list being wrong on any metric. For example, Lincoln is literally headquartered in Chicago and churns out a ton of work.
You probably work at Solomon bro..
who would take baird over moelis or evercore chicago?
Greenhill is tier 1 in Chicago for exits…
Bmo that high is wild
Rothschild has an office there. I know some people, and they say it's super sweaty compared to New York. Idk about deal flow though.
Any other insight on Roth's Chicago office? Have been recruiting there for a FT lateral and would really appreciate the insight!
while many say blair and baird in the same sentence, i think they shouldn't be compared. pedigree of the analyst is very different (think non-targets at baird) blair recruits not only from midwest targets but also ivies
because most people judge the bank on results rather than the inputs. They are virtually identical models of each other. Private. Strong sellside in the UMM with strengths in certain sectors
Nobody gives a shit if an analyst went to a better school that doesn't make the bank better lol
If kid with a 4.0 from wisco is doing the same deals at the same level as some dude from Cornell who tf cares and how does that differentiate the bank? Insane WSO level of thinking
That mf thinks the Dolphins are better than the Bills because Tua went to Bama and Allen went to Wyoming
valid point but do you think people would take baird over evercore/moelis chicago
Do Chicago EB or BB firms have better hours or is it generally the same?
and what about comp?
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