Outlier Groups at Each Bank
Wondering what groups outperform and underperform compared to their bank average.
Trending Content - Investment Banking Forum
Career Resources
WSO Free Modeling Series - Now Open Through
October 31, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
Some groups that come to mind:
Outperform: Barclays PU&I, Deutsche Sponsors, UBS Sponsors/LevFin, HL RX, Citi M&A, WF REGAL
Underperform: JPM Energy, MS FIG, BofA TMT, PJT M&A
Would add Barclays Sponsors to this as Barclays is a sponsors-driven bank to a massive extent and that group exits well + sees a lot of deal flow despite averaging like 3-4 analysts a year. I would also add DB REGL, the only two groups with any notable deal flow in NA for DB are sponsors/REGL and LevFin also has work but they are a product group. BoFA M&A also overperforms as they have M&A do most of the modeling so the analysts tend to do better due to being more prepared than their coverage peers + due to having the reputation for doing all the modeling (not at BoFA, so please correct me if I am wrong).
Would also add Citi industrials to outperform as well. Honestly JPM HC also outperform in the sense that it’s the only edge JPM has over GS/MS
Sorry to hear that you weren’t able to get a PJT first round
Sorry you get a hard on whenever you hear PJT but everyone knows in terms of actual deal volume PJT M&A underperforms
This is not talking about exits, but groups that preform well
For EMEA add outperform DB levfin and industrials, underperform MS industrials
Bump
bump
BMO M&M
For Moelis: Media, RX, Middle East ECM
Qatalyst and Tech advisory
How can tech advisory outperform if that's all they do lol
.
Citi P&U most def as well
Sit voluptate qui dolorem. Vel quia similique sed nam optio. Optio facilis alias doloremque est. Quae totam quidem sed labore iure ut. Dicta non voluptatem qui et. Non molestiae cumque commodi consequatur. Natus et et ratione quia sunt.
Nihil corrupti maiores sed nam deserunt aut ab. Tempora odit aut assumenda explicabo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...