Opinions on these MM IBs in London
Hi guys, I have been reading a lot on this forum and thought to create an account to ask. How would you rank these MM banks in London: HSBC, Nomura, BNP Paribas, Jefferies, RBC, Macquarie. I'm currently holding SA offers from 2 of the above and would like to know if I should stop the process at the rest, where I'm very close to the final round. I would like to get good experience as an intern and lateral to an EB or BB for full-time. Which one has the best deal flow, learning experience and reputation in the City?
Additionally, I have an interview coming up for Gleacher Shacklock. I read somewhere that they do very well in the UK and can offer very good experience. How does it fare with other banks mentioned above? Would like to gain some perspectives here. Thanks all!
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Critical question - Which teams are you targeting/have offers for?
From the outset - this might be a personal preference, but I would pick Gleacher Shacklock over every name you have listed above. Their RX team is very well connected in the City and so is the rest of their firm.
In terms of ranking the other firms, if it is M&A I'd go with :
Nomura/RBC Jeffries/HSBC Macquarie BNP
If I had to pick one apart from Gleacher - I'd pick RBC. Have heard very good things about the team here. Hungry, young, motivated, excellent coaching and mentoring etc..
In terms of prestige: Nomura/Jefferies HSBC/Macquarie BNP Paribas/RBC Gleacher
However, as carve you out mentioned, RBC has a really good environment (met with people there all who seem extermely friendly) so if you was to ignore prestige and deal flow for ibd and instead looking for a friendly open environment I would place RBC near the top. Gleacher is a decent boutique but very small in size with not much deal flow or prestige
I am assuming that you're talking about industry groups in IB..
Can't really say much about Gleacher Shacklock, good RX practice but they're not very well known outside the UK
Cheers guys for sharing your thoughts. The offers right now are generalist because groups selection will come at a later date or maybe not at all (for Jefferies). To be honest, I really want to get into M&A general right now to work in different industries and have a greater chance of getting some level of technical exposure albeit very little as an intern. But I think a good industry group can also provide such opportunity.
Opinions seem to differ a bit from the 3 posters above. Personally, I'm not really fond of Infrastructure so I think I would stop here with Macquarie. Nomura, RBC and Jefferies on the other hand, much more difficult to decide. Have offers from 2 of them actually and AC the other next week. Maybe difference is minimal and I'm splitting hair here. Either way, if anyone can offer further insights, I would take them into careful consideration! Hope to put my heads down and do good works anyway!
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