EDITED FINALIZED OFFICIAL 2026 UNBIASED PRESTIGE RANKINGS FINAL
S++: PJT RSSG, EVR RX, GS TMT, CVP Biopharma/HC, Q
S+: EVR M&A, CVP (Rest), GS FIG, MS M&A/Menlo
S: JPM HC/M&A, Moe LA, GS Classics
S-: MS Rest, JPM Rest, PJT, LAZ RX/HC
A+: Moelis (rest), PWP RX/HC, HL RX, LAZ (Rest), BofA REGL/M&A/IND, Citi M&A/IND
A: Barclays PU&I/Tech, BofA (Rest), Citi (Rest), PWP (Rest), Allen & Co
A-: Barc (Rest), LionTree, JEFF HC, Greenhill, Ardea, Dyal, Mklein, Ducera RX, GUGG RX
B+: UBS GIG/Levfin, Guggenheim (Rest), DB Levfin/REGL, Wells Fargo REGL/IND, JEFF (Rest), Rothschild
B: UBS (Rest), DB (Rest), RBC PU&I, Wells (Rest)
B-: TD Cowen Tech + HC, William Blair HC, RJ Consumer, FT Partners, RBC, HL(Rest)
C+: TD Rest, BMO M&A, Piper Sandler CR, RJ (Rest), William Blair (Rest)
C: Harris Williams, Nomura, BMO, CIBC, Santander
C-: Mizuho, Solomon Partners, Cain Brothers, Baird, BNP Paribas
D: Oppenheimer & Co, Cantor Fitzgerald, Stifel, MUFG, Lincoln International, HSBC, Scotia
F: BGL, SMBC, Keybanc, KPMG, Deloitte MNA, Capital One, Truist
All non NYC/SF offices move a tier or two tiers down due to less applicants and thus selectivity.
Edits:
Adjusted Q, PWP
Added Scotia, Santander, and Truist
No Truist at A-Tier. Not real ranking smh smh
LAZ PEI/HC should be S (behind classics), EVR M&A depends on the group but could make arguments to be S++ for some of the groups, move JPM M&A down due to the on cycle stuff, tho this isn't a bad list now
Agree that EVR Tech and EVR Energy Transition are obviously different tiers. EVR overall one of the best MNA franchise among EB, so didnt further specify
Yeah p much i agree with this, but i remember seeing them have 14 MF exits, with an intern class of 80 ppl. Not the same firm in terms of exit opportunities and boutique advisory, but a powerhouse nonetheless
LAZ HC is genuinely ass bro, used to be a good group, fell off so unbelievably hard
Agree. Any MS is from Laz analysts.
LAZ PEI should now be in S+
accurate but get a life
Missing scotia and santander - add to A-Tier left of Truist thx
added
Scotia is KPMG Tier
Scotia > Truist > KPMG = Deloitte > Harvard > McKinsey
The best exit for Scotia is another Canadian bank
Accurate but touch grass
Overall good list but I don’t see why anyone would take a bad MS / JPM group over PJT M&A or PWP RX. Top tier compensation with most exit options available if needed.
Agree, just did not specify to that point, otherwise it would take forever to make a list. Imagine if I have to add EB PCA groups to here as well.
If you did, where would you place LAZ/EVR/JEF PCA?
Know top candidates that didn't take a guaranteed good group at JPM for PWP/HL RX
Know dozen of top candidates who didn't apply HL RX at all because they aren't interested in RX
What are the bad MS/JPM groups?
Q is the #1 option by far if you want to work in tech btw lol. Unimaginably disgusting comp + any exit on the planet in the tech space (not close either).
swap TD and BMO, nobody's taking any TD groups over BMO M&A/M&M/DIG/LevFin
EVR M&A isn’t ++++++++ tier? Lol
U realize not one person on the planet is taking MS Tech or frankly any tech group over Q, right? Lol
Let’s move Jefferies up!!!!!!!!!!!!!
I know a guy in Deloitte M&A not in NYC/SF, where would that group go on this list lol?
😂
The KPMG tier
Move Laz RX up at least a tier and Q should be highest tier as well without a doubt
GS TMT should be in its own tier
Q up, PWP down, LAZ up
This list isn’t terrible but is wrong after S tier. PWP RX above HL RX? Perella restructuring does not nearly see the same deals as HL in quantity or quality.
HL RX has so many offices all over the place. I wld not go to HL LA RX or HL CHI RX over PWP NYC RX, also PWP NYC RX has more money.
Fair but HL RX NYC > PWP NYC RX.
Touch grass but not terrible. HL RX should be higher- the clear #3 rx shop
Laz needs to be higher
Why CIBC so high
.
GS CSG?
probally worse then any EB and most BBs coverage teams
MS M&C / FSG should be above GS C&R / NatRes. Otherwise no comments
congrats on citi and bofa
Congrats on PJT bro
MS Menlo should be on par if not better than GS TMT
Bofa and Citi in A is a choice
Swap BMO and TD, ain't nobody taking TD over BMO M&M/M&A/DIG/LevFin/FIG/PU&I
nice double comment bro congrats on BMO
Swap TD with BMO, nobody is taking TD over BMO top groups
bro stfu triple comment we get it bro congrats on bmo
third reply u left on my comments, congrats on national bank!
where do Credit Ag, SocGen, Macquarie, and Natixis fit on this list?
Citi Healthcare should be in A+ tier. Was #1 for M&A deal value in 2024 and #1 for IB revenue so far in 2026 too, clearly one of their strongest teams.
Congrats on citi!
This is the full 2025 result. The screenshot you sent is only based on first month January and half month in February.
Everyone within Citi knows that healthcare is not historically a top team. Yes there is a lot of investment but it’s not there yet
Where the fuck is ING?
Stop jacking yourself off to these rankings loll
RBC M&A B+/A-
Me when some random online ranks the bank I work at (which has no regard for my life) highly:
Missing tidal
Tidal is S tier
Nice post history
TD above BMO lol, congrats on TD!
TD above BMO when BMO is way closer to RBC than TD is to BMO is a joke, pls fix
RBC Avg Deal Size = 1.53B
BMO Avg Deal Size = 1.84B
TD Avg Deal Size = 1.05B
Make the rankings make sense
Dude chill with the BMO glaze. This is unhealthy
Look at where TD is next to (Big 4 like EY and KPMG) and look at what BMO stands besides (PJT, DB) pls double check ur rankings
TD is literally nowhere to be seen in M&A for 2025, while BMO is #1.
Damn, my Regional LMM bank didn't make it this year. Maybe next year when we close three deals.
Congrats on being rejected from BMO!
#10 by Avg Deal Size in 2025 (excluding outlier boutiques with less than 50 deals done).
That beats out
esdeekid try not to tweak challenge
PJT RSSG too low.
Can I PM, thanks.
You must work at UBS, there is no serious person who would place UBS in its current state where you have them. Need to move down at least 2 notches.
HL RX is clear #3 and leagues better than LAZ/PWP RX
HL top coverage (industrials/HC) to B+
Leerink BP?
Q over GS TMT
GS TMT way overglazed by bouse nerds on this forum
Congrats on Wells Fargo Middle Office!
^ this person went to wake forest and currently works at KPMG in Shreveport
Move BGL to C- Tier
Move CVP (rest) down, move JPM HC down (they've fallen off), move GS Classics down (significant variance between and within groups), move Moe LA up, Laz RX up
Z
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