Time to change the definition of BB?
How many of you think the definition of BB should be redefined to be the top 10 banks by fee revenue? Based on that definition, RBC is a US BB. I'm not trying to prop up my old bank, but logically I think this is the best way to avoid all the ambiguity around RBC being a true BB. Call me insecure all you want, but it matters, I went to RBC thinking it was a BB (along with all my colleagues who went to schools like Harvard and Princeton) and seeing all these threads say it's not just doesn't make sense.
Jesus Christ fuck off no one cares
delete
this cracked me up
me checking into and immediately out of this fucking thread
i'm dead
I am not sure if you are trolling, but in all seriousness forget about what people are saying about who's in the BB or not BB lists.
As you move up in your career some of the best paid positions are not really in the GS and MS of the world. e.g. People who has moved from top american bank to lead a team in Nomura got paid the highest and now the team in trading are making the highest paid on the street.
It matters a little bit more at the beginning of the career as the training program's rigour/calibre vary. For more private side of the banking business you get more deal experience and therefore that is valuable. The competition is more fierce for each seat therefore you can give some confidence that the likelihood of hiring an idiot from GS is lower, it doesn't mean it's impossible. You can still be a superstar from RBC and stop worrying about what junior ppl's random ranking of BB is. RBC has a very strong balance sheet and hence the DCM type of business is very strong and that translate to the prices I get on their EUR asset swap pricing as they always have huge axes.
this begs the bigger question - who gives a fuck who is a bb, who’s not a bb, etc. it literally is so irrelevant but why do so many college, high school, and even working professionals care so much about the classification? it’s crazy to me
how do people have enough time in the day to think about classifications for a bb or start threads like these?
A BB is a leading European or US investment bank. RBC is Canadian therefore not a BB.
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