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
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I would agree to above plus add Citi M&A
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
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.
I'd take CS Sponsors for exits and lifestyle despite the marginal differences at the top of the league tables
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
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.
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.