Below are the undisputed investment bank ranking. Comment below if you want any specific rankings.
Tier 1A: Goldman Sachs, Morgan Stanley, Evercore, Centerview
Tier 1B: JP Morgan, Lazard, PJT Partners
Tier 2A: Bank of America, Moelis, PWP, Barclays
Tier 2B: Citi, Credit Suisse, Guggenheim
Tier 3: UBS, DB, Jefferies, Greenhill
All other banks are irrelevant. Make sure to like and subscribe for more content.
Since so many people requested a Houston IB ranking, here are the undisputed Houston IB rankings.
Tier 1: JPM, Citi, GS
Tier 2A: Evercore, PWP/TPH, Jefferies
Tier 2B: MS, BofA, Moelis, Barclays
Tier 3: Piper Sandler, RBC, WF, Intrepid
Tier 4: Lazard, CS, TD
All other banks are irrelevant.
Barclays is wrong FYI
Jeff and Evercore should be Tier 1
I would agree, might put Intrepid to level 4 (heard high turnover), and move Lazard up (heard good comp) and Barclays down (non-player)
After so much positive feedback for my first two rankings, I've decided to release the much-requested undisputed LA IB rankings.
Tier 1: Moelis, CS
Tier 2: Barclays, MS, PWP, HL (RX only)
Tier 3: Lazard, Citi, GS
Tier 4: Rothschild, BofA
All other LA groups are irrelevant. You're welcome.
Move Lazard up and PWP down, other than that looks about right
Considering Lazard just lost one of the office's rainmakers to PWP and Lazard's A&D practice took a pretty significant hit while PWP's hired 3 new partners in the office in the past year, I'd definitely say PWP's on the rise and Lazard's not as strong as it once was.
Lazard LA alumn here, and I'm going to have to disagree. Lazard's traditionally been a stronger and more established office given the PWP office was just founded in 2017, but they've taken some pretty big hits. Even though the Interactive Media guy they poached to reload is very good at what he does, losing the office head to JPM in 2020 was a really big hit. Losing Steve was also a pretty big hit for deal flow and office morale, as everyone absolutely loved Steve. When the senior core has stuck together for so long, so much turnover in the past two years has really hurt office morale.
Also while PWP's obviously poached Steve and their new JPM P&U guy is supposedly a really big deal (I know nothing about that space), the ex-BofA core is really strong and are whale hunters in the Industrials space (off the top of my head they closed the $6.5B MKS Instruments/Atotech deal recently), so they certainly have been pretty good historically.
We need SF rankings
HL RX up in tier 1 easily
Let me meet who picked CS over HL RX
Everyone lmao. For buyout PE the exits aren’t even comparable. CS LA sends almost every one of their analysts to MF/UMM PE
Let me meet who’s picking CS over HL RX rn
why JPM not 1A :((((
.
Morgan Stanley is the superior Morgan
Updated rankings below:
Tier 1: FT Partners (140k analyst base btw)
Tier 2: others
London pls
1)GS
1.5)MS/JPM
everything else
Qatalyst > every other bank
RX rankings pls
PJT
HL/ Laz
EVR/ Moelis
ngl PJT have been killing it this year
Fixed Income IB rankings please (e.g rates, credit, bond issuances - corps, munis, etc., mortgages, excluding FX and commodities).
Not sure about the bottom half but Citi, JPM, and GS are top 3. There are some posts in the Trading forum on this topic, just search "sales and trading rankings wso" on google
No ones taking a bofa or barclays offer over Moelis or PWP.
Depending on what city ur in
Nah bro. Literally no one is taking barclays or bofa over an EB, sorry that you couldnt get an offer
CS literally thinking of spinning off its investment bank lmao
These rankings are rubbish
Rankings should be based solely on analyst exits
If you are a non-target go to GS/MS/EVR, its very hard to overcome the non-target stigma without the best names as HHs sort on prestige
If target, a top/mid BB and any EB will allow you to place well
.
An1 at EVR rn. Not too far off in terms of internal politics, bureaucracy, and caliber of new recruits (half wicked smart, half braindead... I'll let you figure out who falls into each bucket)
However, deal experience, junior responsibility, and exit ops are still well above the BBs (other than GS, MS, and JPM). EVR may not be what it was 5-10 years ago but it's still on a different level
SF rankings needed
MC and PWP below MS, JPM, and LAZ is so inaccurate, at least from an exits perspective.
DJSol69 We need SF rankings fam. Give the people what they want
Chicago IB?
Bump for SF rankings
SF IB analyst here.
My observations from friends across groups here (exits).
GS/MS/Q (undisputed)
EVR/JPM
LAZ/MOE/PWP/CVP/CITI
Barc/Bofa/Jeff
CS/DB
RBC/WF
IMO nothing worth it here except top 2 buckets. NY analysts get much better treatment for on cycle even from banks like Bofa
.
How are SF analysts treated during on cycle? I thought SF analysts gets a lot of looks from SF buyside. And what makes you say nothing worth it here except top 2 buckets
Being in SF is a disadvantage for looks given that SF funds fly teams out to NY for interviews.
I say that only top 2 buckets are worth it, given that Barclay’s industrials kids in NY will get more looks for MF/UMM than third bucket SF banks.
Little late bro but curious where Gugg fits into this rankings list
After several requests, I have decided to bless you all with the undisputed Bay area rankings.
Tier 1A: Qatalyst, Goldman Sachs, Morgan Stanley
Tier 1B: JP Morgan, Evercore
Tier 2A: Lazard, CVP, BofA
Tier 2B: Moelis, PWP, Citi
Tier 3: Jefferies, CS, Barclays
Tier 4: DB, PJT
All other banks are irrelevant.
If you only care about exits, PWP and Moelis are on 2A, and Citi gets moved down to Tier 3 with Tier 2B no longer existing. But my rankings are not about exits. They are undisputed.
Are they based on prestige or what? Confused as on what rankings are based off if not prestige
What about Chicago?
Liontree?
Where does gugg fit into this rankings list
ggugg menlo pretty new but prob on par with jeff/barclays
but baml palo alto lost all of their top rainmakers? are they still tier 2A? what about moelis after they poached the entire team from SVB?
DJSol69 We need NY only rankings
Following
Chicago?
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