IB Tier List based on Prestige, Dealflow, Comp, Exits, Culture
S: CVP, EVR, GS, PJT, Qatalyst
A+: MS, Lazard, JPM, Moelis, PWP
A: Bofa, Dyal & Co, Allen & Co, LionTree, Citi, M Klein
A-: Guggenheim, Raine, Jefferies, Barclays, Rothschild, Ducera
B+: William Blair, Houlihan Lokey, Piper Sandler, Deutsche, Wells, RBC, Harris Williams, UBS, Tidal, Baird
B: Raymond James, Macquarie, Oppenheimer, BMO, Scotia, Solomon, BNP, TD, Nomura, Mizuho, Leerink, Eastdil, Lincoln
C: SocGen, Cantor, Stifel, Santander, Union Square, HSBC, CIBC, Truist, SMBC, Capital One, Capstone, DC, BGL, Cascadia, SocGen, Aeris, MUFG, Stephens
D: Rabbo, Credit Agricole, BBVA, PNC, BDO, Stout, Kroll, BNY, US Bank, Intrepid, KeyBank
S+ GS CVP EVR
Everything else in S is A+
congrats on evr
Most dominant EB in M&A and top 3 in everything else they compete in lol
lmao they are overtaking MS in IB advisory fees desping being half the size. Good try bud
someone got rejected by EVR
Congrats on Evercore or PJT!
PJT glaze needs to stop. They have one great group and are average everywhere else (in comparison to the other EB's in S).
The pay and the exits are what matter brochacho
Demonstrably false, lol. Does Qatalyst even have a shareholder advisory group, a PCS group, etc? These lists are dumb because the reality is these banks are competing in several non-overlapping domains, each of which has its own league tables. It’s a matter of what the individual wants to do.
List isn't helpful at all without specific groups
GS is not a tier above MS
UBS too high
Gugg is A tier
My bank is decently ranked, good list.
congrats on PWP and Lazard
Congrats on Citi/BofA — don’t think anybody outside your non-target thinks of LAZ/PWP as on the same tier as them.
none of them belong with MS/JPM/Moelis - congrats on almost finishing your analyst years at UBS btw
.
UBS gets a lot of flak on WSO but it's directed more toward IBD than ER/S&T. Depends on your goals and if you want to exit to PE/Corp or stay long term in whichever you choose.
Would def go with ER - UBS is still a strong brand name and most of the hate is towards their IB groups
Rabo IB and it’s not close. Assuming you want PE or IB long term best fit and can lateral well. Recent exits include JPM Tech, MS, Moelis, etc.
Right, well last year PJT advised on the 15bn Omnicom/IPG acquisition, the 48bn KC/Kenvue acquisition and the 20bn verizon/frontier acquisition, just to sample three of the many other transactions they advised on.
So you see, the stat you cherry picked is clearly fallacious bullshit to anyone who is paying attention. Try again?
well evercore is at 100 bn YTD, 25x PJT's current deal flow right now, contradictory to PJT being in the same rank as Evercore.
Where would you put GS Financing and MS GCM teams.
Good groups in their own respective areas but quite lower -> any reputable MM IB shop is exiting better
About which tier would they be equivalent to?
PJT m&a is so overrated
PMO when people say “(EVR/CVP/PJT),” because their M&A group is not up to par with the others.
People hating on PJT M&A because of "muh league tables" but if you consider selectivity, exits, comp, and chill factor (literally the enumerated criteria of this post), then they're obviously A if not S. Hell, if you're going to be a banker long-term it's even better; imagine being an ASO in some random generalist PJT pod compared to idk EVR Tech? Same comp for night and day quality of life
Is EVR Tech that sweaty? Heard they grind hard
Probably the toughest group at EVR in terms of hours, demand etc (true for both NYC or Menlo, both are harsh to be honest)
Surely rothschild & ducera are in B+ if we're talking abt Americas and move up HL and Wells
How is BBVA? Have seen a lot of posting on linkedin for different roles and analyst programs
Jefferies needs to go down a tier.
GLC?
Hooray, yet another tierlist!
(all by one tier) - Tidal higher, TD Cowen higher, Piper lower, Gugg lower, Moelis lower, UBS lower
Congrats on PWP
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