Rank the BBs based on how much they care about IB
Hi all, college student here deciding between IB options. Was wondering if anyone had insight into which BBs prioritize IB compared to others - I mentioned to my mentor that I’m looking at BBs, and he said it’s a good idea to join one that values IB.
I heard GS, JP, MS focus a lot on IB, are there any others in the event I can’t land one of those?
I am not interested in boutiques at the moment (I want the broad product focus and institutional backing of a BB).
How did a college student get verified as an AN1?
They all do? Like, none of the BB are going to think of their investment banking division is secondary. He's likely talking about big commercial banks with smaller IB departments, like HSBC or capital one. But even those aren't terrible places to be at; it's just that ib is secondary.
He was saying some of the big BBs are more focused on consumer banking and might not be a better place to be long term vs somewhere like GS that is very advisory focused. Does pay vary between these places?
None of the big BB are going to be primarily focused on consumer banking. They all have separate market division arms that get plenty of attention. Only MM banks really act like that. As for pay, generally most pay similar enough in the BB so they don't lose talent.
MS
GS
Citi
JPM
Barclays
DB
BofA
Citi over BofA is laughable
Bro BofA DGAF about IB, pay and recent performance reflect this.
Citi just brought over a rainmaker from JP to head the IB and they’re crushing it.
These rankings look relatively accurate, would put JP above Citi tho
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