I'm wondering if any of you can give an opinion on RBS (Royal Bank of Scotland) and Rabobank. Are these considered legitimate I-banks in the context of gaining valuable IB experience, contacts, prestige, perception of brand on street, etc.
Any input is helpful. Thanks in advance.
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anyone?
I know someone in Lev Fin at RBS and they are not very busy. You'll probably get a decent experience nonetheless. Prestige wise you're probably looking at or a step below Wachovia. Middle of the pack as far as middle market banks go. You may be able to exit to some small PE shops, but I really can't say for sure.
The upside is that you won't burn out as quickly and if you decide you like banking you can probably stick with it longer.
I would have thought that RBS would be slightly superior to Wachovia. Maybe slightly better than RBC, but a full step down from, say, Bear.
With respect to Rabo, I would have thought they were on par with a Wachovia (strong balance sheet, but not necessarily able to get in on deals based on banking expertise in any particular area).
I don't know where RBS ranks in terms of prestige, but the bank is ranked pretty high in the league tables for Leveraged Finance and other debt services in the US and Europe.
Yep, top place in Europe for Leverage Finance. I also know a guy who interned there and said the atmosphere is great. If you get a position in LF it's miles ahead of anything you can do at Rabobank.
Not sure whether you meant US or Europe, but I second the atmosphere for NYC. I'm not in banking, but I've been in the NYC office and it's a great place to work.
Also, the leverage finance group in NYC is great. I'm personally biased but the guy running the US operation is top notch.
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