Thoughts on Barclays in 2020

We've discussed this to some extent on another thread but we're doing well. Good groups include Nat Res, Power & Utilities, Financial Sponsors, Consumer, Healthcare, LevFin, and Industrials (still a good group). Tech group has strong competition in other banks but is getting better & growing through senior and junior hires. All M&A done within the industry groups, like GS.

Exits are more group-dependent and individual-dependent (your school, your personality, your interviewing/networking prowess) but you're not that limited by the bank.

Culture is great across the board. Not going to say everyone's perfect but people generally are friendly and work well together. "Collaborative" is a word that typically comes out around the top of our culture survey. We're also generally more progressive and friendly, as a whole.

Competition with other banks depends heavily on the group, of course. The deal flow has been good as we take share from European banks like CS, DB, and UBS that have chosen not to invest / support their IB franchise as much. People believe in JES' leadership overall in that respect that he supports our strategy as a combined Retail/Commercial/Investment trans-Atlantic bank.