Exit Opportunities Series: BAML, Citi, Barclays & CS

I am doing a series of posts analyzing the various exit opportunities in banks, consultancies and PE shops. For this week (and based on your suggestions), I chose BAML, Citi, Barclays and CS to see how many grads from each bank end up at the largest US PE funds.

To replicate the results or to explore the data in more detail, click each of the individual companies below and go to "Frequency" tab:

Let me know in the comments what combo of firms or banks to do next week!
 

[Background: Over the winter lockdown I coded a software tool that allows to crunch LinkedIn data like a boss. Originally, I meant it to be a company management due diligence tool for investors, but later I realised that its a lot more fun to use on large organizations like banks or PE funds.]

Comments (35)

  • Analyst 1 in IB - Cov
Aug 19, 2021 - 12:01pm

Great work! Do you know how big the analyst classes of each of these banks are?

  • Prospect in IB - Gen
Aug 19, 2021 - 1:00pm

You think these statistics can get more granular? Like seeing which IB group these associates were in by quarrying from LinkedIn job descriptions. Understandably there are people who don't have descriptions.

  • Analyst 1 in IB - Cov
Aug 19, 2021 - 1:15pm

Can you standardize this by analyst class size? CS and Barclays are a lot smaller than Citi and BofA and based on these placement numbers are prob a lot more impressive per capita placement 

  • Associate 1 in IB-M&A
Aug 22, 2021 - 10:57am

Standardize it next time. Smaller analyst classes obviously mean worse placement for similar firms

Aug 22, 2021 - 9:15pm
TheEmperor, what's your opinion? Comment below:

This is pretty dope - thank you.

People on WSO act like GS/MS/JPM are the only ones who send to MFs, feel like this dispels that pretty hard lol. Not to mention: CS runs very lean, and the bulk of Barclays PE exits are from core coverage which only has ~60 analysts per class.

Aug 22, 2021 - 10:20pm
FellySmart, what's your opinion? Comment below:

Wow that's smaller than I thought for Barclays but I guess that makes sense. From 2nd hand friends / people generally I saw had like 100-150 but implied in your core coverage phrase is that those other people are likely capital markets I'm guessing

Aug 22, 2021 - 10:48pm
TheEmperor, what's your opinion? Comment below:

Yeah I mean I put the squiggly for a reason, it could be slightly more but very few coverage groups have more than 10 and some have ~4 so it's pretty easy to see how 60 makes sense.

Most Helpful
  • Analyst 1 in IB - Cov
Aug 23, 2021 - 12:57am

118 NY analysts this year across coverage/capital markets groups at Barclays. These are rough estimates for coverage groups from this past year.

Power - 6

NR - 5

Sponsors - 3

CRG - 8

HC - 8

RE - 6

Tech - 8

FIG - 11

Industrials - 10

CMG - 5

Chemicals - 3

Sustainable/Impact - 2

  • Analyst 1 in IB-M&A
Aug 22, 2021 - 10:49pm

How many does BAML / citi have? Does this imply that barclays then has much better exits?

  • Analyst 1 in IB - Cov
Jul 2, 2022 - 9:31am

Also this is a personal anecdote but I know at least 3 Barclays alum at TPG. Almost certain that there are more, and know 4 more kids who are joining next year in growth/Rise alone. Am on mobile so can't dig into the data, but not sure that this is picking up every level (i.e. I know a VP from Barclays) and covers all the funds (main buyout, growth, Rise, Climate).

  • Analyst 2 in IB-M&A
Aug 23, 2021 - 12:47am

Groups matter a lot for these banks. Most of the BofA MF exits seen above are from M&A, FSG, LevFin, and REGL.. For CS, it's sponsor, M&A, TMT, Industrials. 

  • Intern in IB - Cov
Aug 23, 2021 - 1:19am

most of barclays' MF exits come from industrials, power and utilities, and natural resources from the last two years - this is from linkedin search. almost all other coverage groups have placed one or two in MF in the last two years though 

  • Analyst 2 in IB-M&A
Aug 23, 2021 - 10:27pm

Exits have been good but not great. They sent a kid to Carlyle last year and several to MM/UMM

Aug 24, 2021 - 9:20pm
BottomBucket23, what's your opinion? Comment below:

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