Name the MOST ELITE financial institutions?

I'm new and just wondering what people think are the top places (regardless of what they do - IB, S&T, HF, PE, whatevs)... I suppose firms like Blackstone, KKR, TPG, and Citadel are among the top? What other firms are that well-regarded?

Thanks.

19 Comments
 

How does a top boutique IB like Lazard compare to something like KKR in terms of prestige? compare to top BBs like Goldman?

thanks - keep adding firms from all areas of finance.

 

This is such a stupid thread. How could the answer to this question be relevant to anything?

Nobody even really uses the term 'financial institution.' That's basically a vocabulary word from ch. 1 in your intro finance textbook, and technically ti includes insurance companies.

 

Yeah, too broad of a question..but to answer your other question..

Pretty much anyone in their right mind would prefer to work at KKR in PE over a top boutique like Lazard. Lazard and Blackstone for M&A are just as good (in my opinion) as GS/MS.

 
Best Response

hf's are much harder to quantify, and I don't think anyone in the HF community actually thinks that Citadel is the best shop around / or is dying to work for them (can't compare this to KKR/TPG in PE or GS/MS in IBD). They have a notoriously bad culture and had some subpar years recently (although last year was good). Any big HF has good/bad things about it, but not as easily quantifiable as PE or banks that are all doing the same thing

 

Renaissance is probably the most elite institution having anything to do with finance, period. Besides having the highest annualized returns of any hedge fund in history, their strategies are always groundbreaking and (if I may indulge in some hearsay) have been siphoned by other quant shops, most notably D.E. Shaw (remember when they paid an exorbitant amount to hire a Renaissance analyst, only to have him go back to Rentech after a couple years?)

 

Interesting FYI...

e·lite or é·lite (ĭ-lēt', ā-lēt') n., pl. elite or e·lites.

  1. a. A group or class of persons or a member of such a group or class, enjoying superior intellectual, social, or economic status: “In addition to notions of social equality there was much emphasis on the role of elites and of heroes within them” (Times Literary Supplement).

    b. The best or most skilled members of a group: the football team's elite.

  2. A size of type on a typewriter, equal to 12 characters per linear inch.

I had no idea about #2. Honestly, did anyone else know this?

 

"Financial Institutions" I am most interested in being CEO (not in order):

Goldman Sachs

JP Morgan

BlackRock

The Federal Reserve

This is based on absolute raw power. I'd argue HFs are largely irrelevant, though they can make you rich and PE is overcrowded and becoming commoditized, but if you are CEO of one of the firms above then you may be the closest thing to "master of the universe". 

 

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