****MUST READ**** Definitive 2025 Investment Banking Prestige Tier List
S+: PJT RSSG, GS TMT, Qatalyst, EVR M&A, MS M&A
S: EVR RX, MS Menlo, GS FIG, CVP
A+: Rest of GS Classics, rest of MS, JPM HC, JPM M&A, MOE LA
A: LAZ, rest of MOE, M. Klein, PWP HC, rest of JPM, HLRX, PJT M&A, BofA FSG/M&A
B+: Rest of BofA, rest of PWP, Raine
B: Rest of Barclays, Citi, GHL, Allen & Co., DUC, LionTree
C+: UBS, JEF, GUGG, Rothschild, Deutsche
F: Wells Fargo, Nomura, Natixis, Raymond James, Baird
No specific order within each tier
“Prestige rankings”. Is this really the best use of your time?😂
Yes
I think these rankings are pretty unbiased tbh. I have an A tier offer (think LAZ/JP/Deutsche)
Congrats on DB!
If you look at Deutsche's perspective they are the new J.P. Morgan. Historical balance sheet and international presence, but they've been really building out their M&A team. Their stock price really represents this with huge growth over the past few years. I actually did a stock pitch on Deutsche to analyze my own company and I've realized that it's severely undervalued, partly because I'm joining soon.
thanks for the expert insight, SA26 applicant!
I don’t know who you think you are but I have a C+ offer. Think UBS/DB/Rothschild
Expected nothing less from financebro69420
relatively accurate list, more or less
Agree
Gugg, Barclays PU&I/HC/Tech/Sponsors, Citi IND/Sponsors/M&A all exit better than BofA.
Congrats on Barclays PU&I
FWIW deal flow and exits better for PWP RX than HC
That fourth asterisk had me in a chokehold.
I don't mind lists like this, but at least make it accurate😭
Never been a fan of rankings, but this looks accurate to me
These lists are not prestigious
Here we go again. Board culture atp.
If we are purely talking about exits, MS M&A, GS TMT and PJT RSSG top pretty much every other group on the street
Would firms like Harris Williams and Leerink be on C, F, or just below all these?
prob between C and F
CVP and EVR RX should be S+ IMO. Would take MS M&A down to S
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