Firms as Soccer Team

BBs:

GS: Real Madrid - Golden benchmark for elite performance

MS: Barcelona - Quite often beats out Real Madrid, still somewhat lacks the pristine view of Real

JPM: Bayern Munich - Less flashy compared to Real Madrid or Barcelona, yet still delivers just as well, stable management that knows how to deliver (just as Dimon)

BofA: AC Milan - Storied legacy (Merrill Lynch), inconsistent current performance

Citi: Inter Milan - Often punches above its weight, lacks the prestige of some of the top names

Barclays: Chelsea - Past dominance (Lehman) overshadows present situation 

UBS: Juventus - Illustrious past performance, uncertain present

EBs:

EVR: Manchester City - Consistent peak dominance, elite execution, talent concentration

CVP: PSG - Star power, gradually gaining traction and beating some of the old guards

PJT: Arsenal - Dominant arm (RSSG / Premier League (at least this season)), along with a slightly less consistent arm (M&A / Champions League) that is still a nightmare to deal with

LAZ: Manchester United - Great legacy brand, but slowly fading away in relevance

MOE: Atletico Madrid - Often comes as the underdog, yet is able to beat out superior teams with scrappy play

24 Comments
 

Based on the most helpful WSO content, here's a breakdown of investment banks compared to European football teams, reflecting their performance, legacy, and reputation:

Bulge Bracket Banks (BBs):

  1. Goldman Sachs (GS) = Real Madrid
    The ultimate benchmark for elite performance, prestige, and dominance. Known for consistently attracting top talent and delivering results.

  2. Morgan Stanley (MS) = Barcelona
    Often rivals Goldman Sachs, with moments of brilliance that surpass even the best. However, it still lacks the untouchable aura of GS.

  3. JP Morgan (JPM) = Bayern Munich
    A powerhouse with stable management and consistent delivery. Less flashy but just as effective, much like Dimon's leadership.

  4. Bank of America (BofA) = AC Milan
    A storied legacy (thanks to Merrill Lynch), but its current performance can be inconsistent, reflecting a mix of highs and lows.

  5. Citi = Inter Milan
    Known for punching above its weight and delivering solid results, but it lacks the prestige of the top-tier names.

  6. Barclays = Chelsea
    Once dominant (with Lehman Brothers as part of its history), but its current standing doesn't quite match its past glory.

  7. UBS = Juventus
    A historically strong player with an illustrious past, but its present performance is marked by uncertainty.

Elite Boutiques (EBs):

  1. Evercore (EVR) = Manchester City
    A dominant force in recent years, with elite execution and a concentration of top talent. Consistently at the top of its game.

  2. Centerview Partners (CVP) = PSG
    Star-studded and increasingly competitive, CVP is gradually challenging the old guard and making a name for itself.

  3. PJT Partners (PJT) = Arsenal
    A strong player with a dominant arm (RSSG akin to Arsenal's Premier League form) and a slightly less consistent arm (M&A akin to Arsenal's Champions League performance). Still a formidable competitor.

  4. Lazard (LAZ) = Manchester United
    A legacy brand with a rich history, but its relevance and dominance are slowly fading in the current landscape.

  5. Moelis (MOE) = Atletico Madrid
    The scrappy underdog that often outperforms bigger names through hard work and strategic execution.

This comparison highlights the unique strengths and challenges of each firm, much like the football teams they are likened to.

Sources: Investment Banks as European Football (Soccer) Teams, Investment Banks as Football Clubs, Sports Private Equity

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

nah, WF was never great though. Man Utd. is more like LAZ or UBS - Firms that were renonwned in the past but are a shell of their former self

 

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Career Advancement Opportunities

June 2026 Investment Banking

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  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
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  • Morgan Stanley 07 97.1%

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