Time for another BB/ Boutique Rankings List SA
Is there a list of BB/Boutique Rankings for SA?
I understand it goes roughly:
GS MS JP Lazard Citi BAML Credit Suisse UBS Deutsche Barclays Wells Fargo
Where do the boutiques such as Moelis/ Greenhill/ Centerview/ Evercore/ Gleacher Shacklock/ Houlihan Lokey/ PJT Partners/ PWP/ Rothschild/ Macquarie/ RBC fit in?
Do any of them rank above Citi and is Lazard still seen as the "ultimate" boutique?
Thanks!
Better done in tiers. Based on reputation, selectivity, comp, exit opps:
1: PJT, GS, Evercore, MS 2: JPM, Lazard, Centerview, Moelis, Greenhill, BAML 3: Barclays, Credit Suisse, Citi, Deutsche 4: UBS
Get an offer first
That's OK, I have MS and Centerview offers
You're behind, I have offers from 10 out of 11 firms on your list.
- 2. Every other bank.
When you're in the office at 2AM working with people you like, you'll thank me.
Clearly there are other factors in play, but if we're just comparing exit opps into pe/hf, I feel like nobody's really laid out the pros and cons of different top banks. For example if you had an offer from MS (generalist), Lazard, Centerview, and Moelis NY (which is totally feasible for a top student) how would you think about the pros and cons of each for PE recruiting? Seems like consensus is that goldman and PJT RX are a cut above, but what about MS vs top m&a boutiques? Again, I understand that culture matters - but at the same time it's hard to get a feel for that in interviews, and I think most people going to these places consider the exits first.
I wouldn't separate PJT RX and M&A - many kids who took PJT M&A offers in the past two summers have turned down best BBs (GS/MS) and best EBs (EVR/LAZ).
THE RANKING FROM PRIVATE EQUITY RECRUITER:
Cream of the crop... 1: PJT, GS, Evercore, MS, Moelis, Lazard
Still top.. 2: JPM, Centerview, Greenhill, CS sponsors, BAML M&A, Citi M&A, Barclays natural resources, Perella Weinberg Partners
You did okay in college... 3: Barclays, Citi, BAML, Credit Suisse, 3B: DB
We have doubts about you.... 4: UBS/fig and real estate groups of BB, Holihan, and Jefferies 5: Wells Fargo, RBC, BMO, HSBC
Not considered to be reached out: 6: RBS, Key Banc, Small boutiques, Soc Gen, BNP, Nomura, Mizuho
Lol Gleacher shacklock? I assume that's where your offer is actually from. It's like when people have questions about their school or firm and say they go to (Harvard/Princeton/Emory) or work at (GS/MS/Piper)
I'm listing the firms that are advertised on my university careers website lol
What's the consensus on these tiers for London?
HSBC vs Deutsche at this moment of time?
(London IBD Summer)
What team? Still Deutsche for most IBD teams
HSBC LevFin/Financial Sponsors/Maybe M&A
HSBC conversion was very high this summer (c. 80%), and I don't want to go to Deutsche and not convert even though it's IBD business probably is stronger than HSBC.
.
PJT because - Great junior experience, apparently the exposure to deals and clients is amazing - Better comps, bonus is and will remain on BX levels - Partners are apparently willing to jump on the phone for you for exits - Better exit options for PE (maybe on par with GS TMT and MS M&A), definitely better exits to HF
GS/MS because - Prestige (You can't brag to your friends outside of Finance, as PJT is still fairly unknown) - You want to do something outside finance after, better corporate exits - You're someone who likes to take the safe option, GS/MS can never be a bad decision
Can see this being a hard choice to make if M&A but clearly PJT if RSSG
Agree with above. But what about GS/MS vs Laz/Evercore/Moelis?
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