DB vs BarCap vs Moelis IBD
Trying to decide between 2014 SA IBD offers from DB, BarCap, and Moelis (all three are in NYC.) I know that BB vs EB is another discussion entirely, and I've searched through old forums as well, but if anyone can give some perspective on experience/placement, recent deal flow, culture, hours or anything else I'd really appreciate it.
Any indications of groups at the BBs?
Moelis
Would have a good chance of getting into CRG at BarCap and possibly NatRes, even better chance of REGLL or LevFin at DB.
I honestly do not know what this hype about EB are - they say they specialize in 'pure unbiased M&A advisory' but Moelis is only #15 in worldwide M&A compared to Barclay which is #5, DB which was #8 last year. Sure, you might have better deal exposure but I know Analyst at Moelis are getting killed and culture is what you expect from UBS LA. Buyside placements are great though at EB but I know there's always the debate between BB and EB and yes that is for another forum.
Between DB and Barclays I think it's very marginal. The Leveraged Finance group at DB is fantastic and places quite well. I know the NatRes group at Barclays is talked up on this forum but the CRG group at Barclays is legit and was on some landmark deals last year. They were the lone sell side adviser to $ 7 Bil Smithfield's acquisition by Shuanghuai International, earning a hefty $31 mil fee if I remember correctly.
Most of the CRG team at Barclays have left. Anyways, the OP should think whether he wants a smaller company, boutique experience vs a bulge bracket one
'Most of the CRG team at Barclays have left.'
What is that info based on? Last year I checked Adam Taetle, co-head of global CRG and all of his senior lieutenants, including rainmaker Sandeep Patel are still there and the Smithfield deal was last quarter. Mind you, Taetle was lured away from Goldman back in 09' along with a crew of GS CRG bankers and he had a stellar record so far working on Kraft/Cadbury and AB-Inbev/Model at Barclays.
http://www.bloomberg.com/news/2013-04-04/barclays-investment-banker-taussig-departs-for-guggenheim.html
Tausig was the guy. He and most of the retail team were plucked off by Gugg.
There's more where that came from. Rothschild poached consumer bankers from Barclays
http://www.bloomberg.com/news/2013-08-14/barclays-said-to-lose-consumer-m-a-bankers-to-rothschild.html
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