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When talking about mostly BB, its all group dependent and culture dependent as well. But the general consensus is:
BofA ML > Barclays > UBS
But take into account top groups:
BofA ML: Sponsors, M&A, Healthcare Barclays: P&U, NatRes, HC (and maybe TMT) UBS: LevFin/Sponsors, M&A
Congratulations. Really. You killed recruiting, and you're really fortunate to be able to choose.
Do you know more about BAML?
not even a question. BAML by far. last 2 years have killed league tables (at least 3rd both times depending on which tables you're looking at) and their top groups have placed well (warburg, apollo, cerberus, KKR, kelso, THLee, etc...)
hey do you know much about the top groups at BAML?
The top groups at Baml in terms of exit opportunities to PE are M & A, FS, Lev Fin & HC.
BAML especially if u can get into one of their top groups ie M & A, FS & Lev Fin.
where? UK, US, APAC? It's not the same.
Offers are all in NYC office
in that case i guess i agree with posters above (BAML)
but all 3 are fine, my impression is that the difference is not so big between them write down all pros and cons (including personal impressions etc.) on some sheet and make a call based on that
Didn't see this.
Go BAML. As many have mentioned, they have their standout groups which differ geographically but you can be safe with M&A, FSG, Healthcare and Industrials.
BAML might be higher on the league tables, but I have heard the firm has been over-hiring a lot lately. I know a few analysts there and they tell me they are having trouble with buy-side recruiting because they have not been staffed that much in the first six or so months. Albeit they are not in the top groups listed above, but it is still worth mentioning. BAML is definitely a great bank, but I am unsure what their strategy is going forward by having these insanely large SA classes where every candidate gets a return offer. Definitely diminishes the quality of work and responsibility given. Also heard face-time is pretty big there.
Do you know anything about the top groups there?
If you want to do PE, BAML lev fin / sponsors / m&a or UBS lev fin sponsors are probably your best bet as far as groups go
I would also say that TMT places into mm or upper mm pe. I know it sounds strange but I've been talking to people in the group for placement day and that's what they told me.
Depends on location.
I'm guessing this is for the US since Barclays in the UK tends to be desk specific with minor rotations.
Btw, FT conversion rate for BAML is much lower (hoovering around 60% last year according to the interns there I know last summer) for the reasons mentioned above (i.e. over-hiring). Barclays is closer to 90% (also from intern sources and analysts have told me that they gave out offers typically to all, or maybe except for one, out of the 10-20 interns they had depending on the group. Just something to think about.
Echo others that offer rates at BAML are low
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