Honestly seems about right (at least for me), but please note:
This does NOT reflect the amount of OOC's that are currently in process, and the amount of deals that are being made right now. Also transaction sizes are variable and the point of like 70% of this industry is to have no one know about the deals that they're on because of the amount of eyes on each one of the clients.
If rates rise like once more I'm like 90% sure this leader board is going to change to the standard structure. But lets find out, there's been a lot of moving around these days.
Well I think the "rankings" are based on Alumni and bonuses no?
Most analysts are here because they want to be investors in the long-run. So for example, while Jefferies and Guggenheim are Tier 2 shops (Tier 1 being all the EB's, this is a rough generality don't kill me), they are killing it. It makes sense, I know Guggenheim is on that rite aid deal and Jefferies is on FTX on the UCC, in their own rights they are very successful brands.
The problem is their alumni networks are less fleshed out than the PJT's, Evercore's, HL's of the world. These firms have long track record of sending phenomenal analysts to the top shops. Jeff and Guggenheim have only recently gotten much stronger, and while they will have the deal experience to get looks at firms, they lack the networks.
But if you're looking at everything from a pure-play banking route, ranks will be different. But until we see Megafunds taking folks public opinion won't change drastically.
It's not even from a pure-play banking perspective. Jeffries still does 50mm debtor side engagements, Guggenheim arguably a little better. The "best" banks from a bankers perspective are those that win the biggest deals because they have the quals to do so.
1) PJT
2) Evercore
3) HL
4) Rest of EBs
Pretty standard ranking when taking everything into consideration. Guggenheim, GLC, Jefferies and the other shops that did 1 deal this year are way overstated on this list.
These rankings cannot be accurate due to nature of Rx and deals not being publicized which is why ranking Rx off of league tables makes no sense. You either know or you don't.
To your other post, megafunds don’t take people from these lower tier banks, because they’re lower tier and they know it. They get pitched from these banks to represent portcos / credit investments etc. they have an idea of who is producing high quality work and who is not.
Hey man chill out it’s just a job - take a deep breath.
Don’t continue being so mad about some faux rankings. I say let firms that do well just enjoy their success. We should celebrate when firms are succeeding, not try to bring them down.
If you ever need someone to talk to PM me yeah? You seem frustrated and I want to make sure you’re doing good
B. I’m saying that because of your whole “because they do better work” nonsense just sounds like you ooze prestige, when in reality you have no idea how any of this works.
Of course, yes, clients will look at previous transactions and base their opinions of a group from it. But all of this doesn’t touch junior level bankers, and FYI funds will join auctions and processes from any bank, and OOCs/Bankruptcy mandates comes from.. relationships! Shocker!
1) Banks will have coverage MDs, which is a trend boutiques have been adopting such as Evercore, Lazard, and Moelis. This allows for a much easier time networking into pitches and subsequent deals than the pure play PJT’s of the world.
2) RX MD reputation, Neil Augustine and other rain makers are known for their work product and ideas. When these guys change firms, their reputation goes with them. Makes it much easier for “lower tier” firms to win mandates.
Also, how dim do you have to be to think that your work as an A1 has any use besides making things look nice. Have you even seen pitches from Rothschild vs Lazard? Let me tell you the difference is the coloring. The big difference is the MDs and VPs generate ideas that either work or don’t. If they don’t work you don’t grow. Take Piper Sandler pre TRS acquisition vs post.
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At one of the shops above
Honestly seems about right (at least for me), but please note:
This does NOT reflect the amount of OOC's that are currently in process, and the amount of deals that are being made right now. Also transaction sizes are variable and the point of like 70% of this industry is to have no one know about the deals that they're on because of the amount of eyes on each one of the clients.
If rates rise like once more I'm like 90% sure this leader board is going to change to the standard structure. But lets find out, there's been a lot of moving around these days.
This list is not good, does not represent accuracy at all of the "rankings" of these banks in Rx.
Well I think the "rankings" are based on Alumni and bonuses no?
Most analysts are here because they want to be investors in the long-run. So for example, while Jefferies and Guggenheim are Tier 2 shops (Tier 1 being all the EB's, this is a rough generality don't kill me), they are killing it. It makes sense, I know Guggenheim is on that rite aid deal and Jefferies is on FTX on the UCC, in their own rights they are very successful brands.
The problem is their alumni networks are less fleshed out than the PJT's, Evercore's, HL's of the world. These firms have long track record of sending phenomenal analysts to the top shops. Jeff and Guggenheim have only recently gotten much stronger, and while they will have the deal experience to get looks at firms, they lack the networks.
But if you're looking at everything from a pure-play banking route, ranks will be different. But until we see Megafunds taking folks public opinion won't change drastically.
It's not even from a pure-play banking perspective. Jeffries still does 50mm debtor side engagements, Guggenheim arguably a little better. The "best" banks from a bankers perspective are those that win the biggest deals because they have the quals to do so.
1) PJT
2) Evercore
3) HL
4) Rest of EBs
Pretty standard ranking when taking everything into consideration. Guggenheim, GLC, Jefferies and the other shops that did 1 deal this year are way overstated on this list.
These rankings cannot be accurate due to nature of Rx and deals not being publicized which is why ranking Rx off of league tables makes no sense. You either know or you don't.
To your other post, megafunds don’t take people from these lower tier banks, because they’re lower tier and they know it. They get pitched from these banks to represent portcos / credit investments etc. they have an idea of who is producing high quality work and who is not.
Hey man chill out it’s just a job - take a deep breath.
Don’t continue being so mad about some faux rankings. I say let firms that do well just enjoy their success. We should celebrate when firms are succeeding, not try to bring them down.
If you ever need someone to talk to PM me yeah? You seem frustrated and I want to make sure you’re doing good
Alright guy, the post is literally about Rx league tables and thoughts about the rankings. Sorry you work at Jeffries bro.
A. Suprisingly wrong bank, try again.
B. I’m saying that because of your whole “because they do better work” nonsense just sounds like you ooze prestige, when in reality you have no idea how any of this works.
Of course, yes, clients will look at previous transactions and base their opinions of a group from it. But all of this doesn’t touch junior level bankers, and FYI funds will join auctions and processes from any bank, and OOCs/Bankruptcy mandates comes from.. relationships! Shocker!
1) Banks will have coverage MDs, which is a trend boutiques have been adopting such as Evercore, Lazard, and Moelis. This allows for a much easier time networking into pitches and subsequent deals than the pure play PJT’s of the world.
2) RX MD reputation, Neil Augustine and other rain makers are known for their work product and ideas. When these guys change firms, their reputation goes with them. Makes it much easier for “lower tier” firms to win mandates.
Also, how dim do you have to be to think that your work as an A1 has any use besides making things look nice. Have you even seen pitches from Rothschild vs Lazard? Let me tell you the difference is the coloring. The big difference is the MDs and VPs generate ideas that either work or don’t. If they don’t work you don’t grow. Take Piper Sandler pre TRS acquisition vs post.
Sorry for the Ducera offer bro
Damn PWP and GHL low. I did see PWP on Sabre and GHL on NAI ( I think) though
Numquam est iure enim fuga veniam. Doloremque qui voluptatum laudantium sed rerum. Occaecati et qui animi.
Vitae corporis placeat voluptate dolores. Sit consequuntur sit molestiae quia. Esse et quod quidem quidem in repellendus.
Aut dolore ullam officia asperiores molestiae tempore quia. Reiciendis doloribus aspernatur fuga. Itaque fugiat qui voluptatem blanditiis sit. Quod sunt ea dolor est et at. Ut quidem est beatae. Nostrum ut ad ut iste at esse at doloribus.
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