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I don’t know how Jefferies places interns into groups - but I will say it’s the biggest disadvantage of Barclays. You have to go through a whole group placement process and network with soooo many analysts to get into your top choices and could get screwed and placed into some random product group like Global Finance advisory whatever tf that is.

Both great options. If it was me, I’d take Barclays based on supposedly better culture, slightly better exits & brand name, and since all coverage groups do in house M&A

Personally, I would say Barclays. The summer analysts are Barclays and Jefferies are pretty different though. At Barclays, you will fly out to New York to meet with the groups, they will rank you and you will rank them, and you will be placed for the summer. With Jefferies, it is a generalist summer, but you will have the chance to work with 3 or 4 groups throughout the summer, and then you will be placed after. Barclays' group placement is highly dependent on who you can Network with prior to going out to meet the teams.If you are at Jeff, it will be easier to more consistently place into a group you want because you worked with them over the summer. That being said, I do believe that the average group at Barclays outplaces the average group at Jeff and the top groups far outplace the top groups at Jeff, PE wise at least. Although it is possible, if you are smart and likable it is difficult to be placed into an objectively bad group at Barclays.