Mid-Tier BB’s
Curious to hear what you guys think. Are there any groups at mid-tier BB’s (BAML, CS, Citi, Barclays) that you would take over top BB’s (GS, MS, JPM)?
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BofA lev fin, CS sponsors or lev fin
What about BofA sponsors?
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I would agree to above plus add Citi M&A
This is all for NY offices, correct?
CS sponsors and LFO&R, BAML lev fin (possible REGL, too), Citi M&A or industrials.
(While I don't think Barclays has any groups that stand out as best on the street, they're strong all around and more well-rounded than CS or Citi)
Barclays P&U and Nat Res are best on the street
Lol Barclays P&U is quite good but not best on street
So do these groups exit better than average groups in GS/MS/JPM? Also is this all for NYC offices?
Edit: I got SBs for whoever answers this question.
It depends, but probably will say yes. It's incredibly hard to generalize exits across "average" groups at GS/MS/JP, as it's incredibly hard to generalize exits from a particular group. Being in a good group will get you an interview, but it won't get you an offer. At that point you just need to be a strong candidate and perform well.
I can say that these top groups will get you any (If not more) interviews that average GSMSJP group kids get
I love my bros / sisters at CS Sponsors but Barc Sponsors is technically higher on the league tables. CS Sponsors is the best group at CS though.
Agree. Barclays Sponsors is Top 3 with BofA and CS, but probably the best group in terms of experience.
I'd take CS Sponsors for exits and lifestyle despite the marginal differences at the top of the league tables
hi, do you have ideas about best groups in barclays london? thank you!
hi, do you have ideas about best group at barclays london? thank you
GS/JPM industrials > Citi for exits and general experience IMO. I would toss Barclays sponsors up there as a top group however.
What do you think about BAML LevFin vs BAML Sponsors?
where is the BofA REGL team located? Can't seem to find anything.
NYC
If you can pick a top group, the best ranking is BAML>Citi>CS>Barclays. On average, Barclays>Baml>Citi>CS. Just my opinion.
I don't want to get into this whole rankings thing, but seeing as I've spent ~12 months in the industry I think "on average" it's definitely BofA>Citi>Barcap>CS.
For top groups it's pretty arbitrary to rank them since they're all top groups so I would rank them on exits/fit. Either way, nobody can get into these groups without going through group selection so this is a pointless exercise
Yes, BofA Levfin is great but let’s not kid ourselves. Any group at Goldman is better is terms of reputation and exit opps. Goldman is Goldman and MS is MS
Agreed that BofA LevFin is very strong, but wouldn't take it over GS/MS/JPM. Maybe BofA FSG for culture/exits.
I interned at a “mediocre group” at MS/GS before lateraling to PE. I promise you just being at those firms doesn’t get you great exit opps. The biggest reason I left is because the analysts from my group didn’t place well at all. I tried lateraling internally, but didn’t see much movement there so I started looking at other banks and PE opportunities
REGL at BAML
Citi M&A is strong, as are the levfin groups at some of these. CS sponsors was already mentioned, but great group nonetheless. Not worth taking over JPM etc, but BAML healthcare seems to be back on the rise after dipping down for a little bit. Not saying to take it over JPM, but I know it's a good group--not sure how great HC is at Goldman. Historically good group that made a few good hires from what I hear. Also Barclays Power, culture aside, is strong (at least I think it still is). Citi, Barclays, ML, and CS are all really strong firms with some good groups across the board.
Wow, this is refreshing. You mean to say that we can recognize all as strong platforms and don't need to debate over rankings?
Maybe in another place... another time... but not here... not on wso... we are stuck debating rankings for eternity. It's some form of cosmic punishment I imagine.
Opinions on an average financing group at GS vs a top industry group at BAML/Citi?
Definitely a top industry group at any mid-tier BB over financing at GS. Much better exits and experience.
Is financing ECM/DCM/lev fin?
bofa doing really well this year, 2nd to jpm
In what?
Currently a second year analyst at one of the Mid-Tier BB's. Based on Buyside Exits only:
CS - Sponsors, LevFin BofA - LevFin, Sponsors, REGL Citi - M&A, Industrials Barclays - P&U, Nat Res
All these groups above will get you the same number of MF/UMM interviews, if not more, as most of the top BB groups.
Any firms come to mind for recent exits for CS LFO&R and BAML LevFin? (CS FSG would be helpful as well).
How well do CS LFO&R and BAML LevFin place for PE exits? I would assume they would have their choice of credit funds, but wondering what optionality looks like for those analysts to purse PE vs Special Situations/Credit Opportunities funds.
Both groups exit fairly well into generalist PE funds. Most people exit to MM/UMM with some MF. But generally there's less overall interest in vanilla buyout funds.
Having worked at one of the banks mentioned above, would also add BAML C&R / REGL, Citi Media and Com / RE, CS TMT and Industrials, and Barclays Sponsors / Healthcare
Most coverage groups at most BBs will get you interviews, especially if you went to a target school (I'd argue the Yale guy at CS or Citi will get as many interviews as a non-target at MS or JPM, not necessarily fair but what I've seen). If you are a strong candidate at Deutsche, you will do well compared to weak candidates at PJT
I signed Barclays/Baml over GS/MS, best decision of my life.
what's your reasoning?
culture, support in buyside recruiting, don't care about "prestige"
he didnt get an ms/gs offer lmao
inaccuracy in so many of these posts is hilarious. IB rankings and group rankings fluctuate often and if you are asking this question in terms of exit ops rather than overall firm and group performance it also makes the question vastly different
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