Rank these MM Banks In Terms of Deal Flow/Exits/Weight of Namebrand
So right now I'm a student and quite frankly I was late as hell to the game on finance. I come from a town where most people don't go to college and becoming a police officer is about as prestigious of a job as is expected of anyone. Fast forward a few years and I'm loving college and just got a SA gig for 2021 at a bank in NY that most people here have probably never heard of. For me, this is huge, but unless I fall in love with the culture I think I'll be looking to use it as a stepping-stone to a solid MM bank for a FT position. Below is my target list, ranked by what I feel are my reach prospects, doable and then some others I think are in the general league of where I want to go. Just want to see if anyone has any feedback for additional banks I should be looking into or if any of these banks are known to have fallen behind the categories I have them lumped into. The boutique I will be at does FIG/Specialty Finance so I am thinking that or Real Estate will be where I will be most competitive. Would be especially interested in hearing how the below compare in regards to those groups.
Reach: Houlihan Lokey, UBS, Barclays, RBC
Target A's: Jefferies, Baird, Piper Sandler, Stifel, Cowen, William Blair, Raymond James, Lincoln, Oppenheimer
Target B's: Janney Montgomery Scott, Compass Point, KBW, Ziegler, Truist, Hovde Group
The tiers you listed are basically accurate, any more specific would be needlessly splitting hairs.
You're gonna piss off a lot of people because Barclays is in no way a MM... let alone UBS/RBC
I think he's saying Barclays and UBS are a reach for his profile, rather than saying they are MMs
Just an FYI, KBW is actually under the Stifel umbrella now, they just do business as KBW still.
I would check out Broadhaven Partners as well, they’re a botique that punches above their weight in FIG. I also don’t think you should rule out the typical BBs, takes only but a few moments to shoot an application through your university career portal.
For what it's worth Blair is great culturally and is a top shop in the middle market. Prob won't get a job at a megafund on the way out but very solid group that's very good at what they do. Not on your list, but I think very highly of Lazard Middle Market too.
Barclays is much better than literally anything you've listed...very odd choice as they compete with citi/baml for talent.
UBS and Barclays are BBs. Houlihan and RBC are in the Target A bucket. Jefferies and William Blair compete with the low/mid-tier BBs in a lot of their groups.
WB is excellent at what the do but don’t really compete with BBs on much of anything. Jefferies on the other hand
Delete
If I were you I’d just apply to everything because why the hell not. Even if you don’t network, most of them are resume drops anyway. Don’t worry about tiers, rankings, targets until you have an offer. Just apply and hope for the best.
Get an offer first
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