Ranking Barclays Groups
I know there has been a lot of threads on this but curious to hear more about how levfin, ECM, DCM and their sec prod teams stack up against coverage. Interviewing with them right now and from the convos I've had it looks like
1. Coverage (all modeling done here)
2. Sec prod (strongest product group?)
3.ECM?
4.Levfin?
5. DCM?
but curious to see where ECM, DCM, levfin, and sec prod falls under in term of prestige. Not looking to move to PE. Just want to be a career banker but really wanting to start in the right spot. Anyinsight from anyone who works here?
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LevFin and DCM at Barc are very strong groups within the firm
Yeah, would second this. LevFin in particular is consistently a leader on the Street across most verticals.
ECM has made significant strides in the past few years, but still hit or miss.
Are you at Barclays?
Interned there this past summer in Coverage. Depends on what your goal is but I highly recommend interning in a Coverage group. First, Coverage is at the nexus of all the banking activity so you will get to interact with all of the Product groups and ancillary groups while there. Second, if you don't like it, it is super easier to move Coverage->Product than the other way around. Also, if you stick around after your analyst stint they have an internal rotation program so you can move to any group you want.
In the Product world, not all groups are created equally. You should find a few teams in the Product you would be interested in working or else you'll be thrown to the wolves when they draft all the incoming summer analysts. I think it goes DCM>LevFin>>>ECM. I don't know much about SecPo and didn't meet anyone who worked in that side bit I think you're better served in one of the traditional product groups rather than SecPo for your summer if you want to be a career banker. Reasons being that the skills are broader so you can lateral banks or teams easier and you will have a larger network because product teams are mostly on one or two floors so you will be with all your DCM/LevFin/ECM contemporaries.
Happy to talk more via DM if that would help.
DM me.
How’s consumer?
Broadly, but it still depends on the MDs you work for:
Tier 1A: LevFin, DCM, Power & Utilities, NatRes, Financial Sponsors, Consumer, Healthcare
Tier 1B: Industrials, FIG, Tech, Media
Tier 3: ECM
Also my advice: network early. Came from a target school and started in the Spring, heard from those in top groups that they started networking in November. Would recommend having verbal offer from groups by start of summer, or at least having spoken to all on the recruiting team by then.
Interned there last summer. Word among interns was:
(Coverage):
Power (best culture, best exits) > Nat Res >> HC ~ Consumer (great culture, solid exits) >> Industrials (work hard, solid exits), FIG, Tech (work hard, decent exits), Media
I mean just look at league tables: Barclays Power and Nat Res are top of street, rest are step below. Once you hit industrials you're kinda in the generic bank
NY tech at Barclays exits better than consumer, natres, power (last 5 years). Worse than healthcare, industrials, sponsors.
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