Mid-tier BB vs top-tier BB exits?
What would be better for UMM/MF PE exits?
M&A at BofA/Citi/CS, NatRes at Barclays vs average groups at GS/MS/JPM (real estate, transpo, energy, industrials etc)
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M&A at mid-tier BB would exit better than average/bad groups at GS/JPM/MS for UMM/MF PE. My friend from a mid-tier BB in the M&A group got really great looks for UMM/MF, and ended up only interviewing at MFs.
I currently work at a "weaker group" at a top BB, and the PE exits aren't nearly as good as you think
Interesting take...but what would you consider to be the average/bad groups at GS/JPM/MS
Pretty sure most of the groups OP listed for GS/MS/JPM are definitely better than NatRes at Barclays
Yeah I'm not too familiar with NatRes at Barclays; I was moreso talking about BofA/Citi/CS M&A, CS Sponsors etc. that would have great exits for PE
NatRes isn't even the best group at Barclays.
GS Industrials exits are still pretty good (lot of UMM and some MF). Honestly might place better than a couple of GS groups considered "better" than them. Awful culture though.
GS Industrials has had arguably the best placement in all GS IBD over the past 3 years. Culture is absolute trash though. Friend works on their floor and... yep.
Source: Work in GS TMT/FIG
Out of curiosity, why do you think Industrials is able to place better than TMT/FIG? Because of self selection, it would seem logical to guess that TMT/FIG would place the best because those are the most desirable groups which would attract the most competitive people. Does Industrials place the best because of a higher proportion of people actively recruiting for PE while I imagine some in TMT/FIG would be more inclined to stay on A2A?
Congrats on GS FIG.
Btw, GS TMT analysts didn't even recruit for on-cycle that much this year because of how busy they were, they didn't want to, etc. GS TMT definitely gets better looks than any other GS group though
Source: GS TMT SA
Now I'm going to be trying to figure out which one of our douche SA's made this comment.
If they didn't recruit for on-cycle, would they still be able to exit to MF/UMM through off-cycle recruiting?
they went to a top target, got a top internship at a top bank in their top coverage group and are looking for top MF
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I would argue that similar to SA placements and what school you are at, the bank/group you are in will help you get looks but it’s highly dependent on the candidate to land the offer.
I am at a mid-tier BB and most of the kids I was competing with spots for during OCR were at “top-tier” banks/groups (GS FIG, MS M&A, Barclays Power), but I managed to get the spot over them.
What type of group are you in, M&A?
What type of group are you in, M&A?
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