Prestige Rankings London
Prestige in London:
Banks:
Tier 1: GS, MS, JPM, Rothschild, Lazard, PJT, Robey Warshaw
Tier 2: BAML, Citi, Evercore, PWP, LionTree
Tier 3: CS, DB, Barclays, UBS, Houlihan, Guggenheim etc.
Location of banks:
Tier 1: Mayfair
Tier 2: City
Tier 3: Canary Wharf
Location of home:
Tier 1: Mayfair
Tier 2: Chelsea, Kensington
Tier 3: Elsewhere
Tier 100: Shoreditch
Transport:
Tier 1: Central Line
Tier 2: Northern Line
Tier 3: The rest
Tier 4: Car
Tier 5: Bus
Nah bro, all wrong
Banks: Tier 1: NatWest, Aldermore, Allied Irish Banks Tier 2: British Arab Commercial Bank, First Bank of Nigeria, Habib Bank AG Zurich Tier 3: Everything Else
Location of home: Tier 1: Daghenham East Tier 2: Pontoon Dock Tier 3: Elsewhere
Transport: Tier 1: Walking 10+ miles Tier 2: Stolen bike Tier 3: Santander Bike Tier 4: London Trams line
Not really sure that Robey Warshaw or LionTree deserve to be Tier1/2 off a couple of deals that they didn't even lead....
CS also underrated in London imo.
Very true. For some reason people shit on CS but they are actually decent in London.
Edit
Living in Mayfair sucks haha
Thought the same, Kensington, Knightsbridge, and Chelsea are the crème de la crème in London.
But if you're an analyst working in Canary Wharf, you're better off looking at flats in CW, Canada Water, or North Greenwich, maybe even Stratford (Stratford is still a bit dodgy and far af from the social scene in London but you can get a reasonably priced flat right next to the station and not a long commute to CW).
Based on what you say this? I had been living there for more than 1y and I actually loved it
One of my best mates has been dishing out 650 pounds a week for a VERY old appartment, with okay-ish furniture and concierge. Also, I never liked the thought of living across the road from the office, but then again to each his own. You can get a decently sized one bedroom appartment in Belgravia/Knightsbridge (15/20 minute walk to Mayfair) for the same amount and I personally prefer that area.
Couldn’t agree more. For anyone wondering: Tbh if you work in Mayfair, then living in Belgravia/Kensington/Chelsea would be ideal. If you worked in the City, then Whitechapel would work really well (only a 10 minute walk). Or Shoreditch if you are into that kind of scene.
"Tier 100 - Shoreditch" brilliant
The list in my opinion should be:
1) GS, MS 2) PJT, JPM (PJT>JPM if interested in restructuring) 3) Lazard, Moelis, Evercore (all three also top for hedge funds especially if in restructuring at LAZ or Moelis. Plus all three have the great advantage of having a generalist pool which gets you great exposure to restructuring and M&A ans allows you to work on a great variety of deals, plus relatively easy mobility to the US if you want to transfer. Plus average first year bonus of 90% from what I have been told from friends)
4) PWP, BAML, Rothschild, Credit Suisse 5) Citi, Greenhill, Centerview 6) DB, Barclays
7)UBS, Jeffefries, HSBC, RBC 8) BNP, Nomura, Macquarie 9) MUFG, Mizuho
This list is for exit opps, in case you want to be a banker for life boutiques should be much higher because of the higher bonus and cash compensation. You do NOT want to have huge deferred compensation tied to the performance of the stock as most Investment banks have sideline stock prices and even huge declines as soon as a crisis hits. You want to be putting your money to work in a smart way such as real estate and possibly other investments rather than being massively overexposed to one super-cyclical investment. This is not my case, but if I wanted to be a banker for life I would definitely choose Moelis and Evercore over MS and JPM, possibly even GS depending on the group. The reasons are:
-Faster promotion for super stars
-Less bureocracy and compliance
-Easier mobility to other offices
-Much greater exposure to senior managers and clients
-Higher compensation
-Cash compensation rather than stock options
If you disagree with my ranking or any of my points feel free to chip in!
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I'd put Citi in Tier 1
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