Hey everyone, I attend a semi-target in the south (think Vandy, Duke, Washington & Lee) and have recently decided to pursue investment banking. I'm far in the process with the above banks and have an offer from one of them for SA 2024 (Stephens is accelerating for me).
Could someone please rank these banks in terms of exit ops/comp/prestige.
Thank you!
Edit: I want to go PE in general in the long term; I get that none of these will lead to MF PE now.
| +298 | Return Rates For Interns Are Falling? | 122 | 6h |
| +132 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 14 | 7h |
| +115 | I am a drunk MD AMA | 39 | 1d |
| +79 | UBS Offer Day | 27 | 15h |
| +69 | Evercore > Goldman and I don’t think it’s particularly close anymore | 34 | 14m |
| +64 | VP Lifestyle at Top BB Coverage Groups | 40 | 2d |
| +57 | An Outsider’s View of RX Banking Out of College | 6 | 5d |
| +43 | I hate Wells Fargo | 10 | 6h |
| +41 | WF Return offers | 28 | 18h |
| +40 | No return offer - feeling like a failure is an understatement | 14 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I’ll be honest it’s extraordinarily unlikely to go to a MF or top HF out of any of them. Which groups and cities?
Stifel- generalist St. Louis.
Croft & Bender generalist Atlanta.
Stephens generalist Atlanta.
BlackArch Partners generalist Charlotte.
Stephens, easy decision.
Disagree with the "easy decision" comment below.
Stifel has a very small IB presence in STL vs. other offices, so I would steer away from that for that reason.
BlackArch wins better mandates than Stevens IMO in the middle market, particularly among sponsor exits. Because BlackArch is very integrated with sponsors (on both sides), you will get better exposure than you will at Stevens, which should help with placements IMO. Also, I think Charlotte > Atlanta, but realize others may not agree.
Stephens is the choice here…
None of these will get you to top PE/HF.
They’re all pretty similar, would decide based on city you’d like to live in.
I get that now, if I wanted to go Atlanta would you take Stephens or Croft & Bender?
Croft and bender seems like a regional boutique, while Stephens has a presence across most of the country.
Have heard that Stephens is pretty sweaty though. Would do research on culture and also look at where analyst exits from both have been to.
Stephens is definitely superior.
Over stifel or just Croft & bender?
All of them. Stephens actually has a respectable presence.
BlackArch is not well known on this site but consistently places analyst classes into PE. If you want MM PE you can easily get from BlackArch.
Used to work at Stephens. Can confirm super sweaty and Atlanta is a decent amount of specialty FIG but also has business services (terrible culture). Common exit for ATL is Roark Capital, so MM definitely on the table. Interviewed at BlackArch. Heard they have good PE exits but also very sweaty.
Duke a semi target..lol
Are people really giving MS saying Duke is not a target school? What am I missing
BlackArch is legit and will get you into MM PE. It will also get you good M&A reps that you can use to lateral to top banks if you chose to. Would think carefully when choosing between Stephens and BlackArch.
Firm’s whiter than a suburban mom’s wall paint though.
Do people lateral from Stephens to larger banks?
Eveniet numquam aut natus enim voluptatem. Vero maiores sapiente voluptates aut non perspiciatis magnam. Illo aut nostrum eum distinctio vel quo culpa.
Nulla enim odit doloribus qui. Officia vel dignissimos est tempora unde. Quis doloremque enim et illo nulla vel. Suscipit voluptatem sit itaque delectus voluptatem. Quos rem dolorem debitis ea facilis consequatur veritatis eos. Veritatis itaque et voluptas dolor esse. Minus quidem totam qui aut quisquam.
Ipsum commodi animi reprehenderit blanditiis recusandae in quam. Quia autem aperiam adipisci nulla et et totam deleniti. Non dolorem fugiat qui omnis sed. Iste quia ea necessitatibus laborum officiis. Ut libero dolores possimus deleniti et. Aspernatur quia deleniti quisquam inventore perferendis voluptatum aliquam.
Enim voluptates sunt beatae eos sed mollitia. Sint voluptatem nobis et illo. Nulla blanditiis veniam sed ad.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...