Top 20 Groups on the Street 2013
In terms of exit opps to the buyside/PE/HF, the following are the top 20 groups on the street. Dropped GS rankings because GS analysts get fired if they get caught recruiting.
1) Blackstone Restructuring / M&A
2) MS M&A
3) GS TMT
4) GS FIG
5) Lazard
6) Evercore / Moelis
7) GS Healthcare
8) MS TMT
9) CS Lev Fin
10) JPM Sponsors
11) GS Consumer & Retail
12) MS Sponsors
13) JPM FIG / TMT / HC
14) Barclays Natural Resources
15) CS Sponsors
16) Citi M&A / JPM M&A
17) BAML M&A and Lev Fin
18) Deutsche Lev Fin/Sponsors
19) CS M&A / Greenhill
20) Perella Weinberg Partners / Centerview / Qatalyst Partners
Thoughts?
Rankings like these are fucking stupid...
not entertained
This guy loves rankings
Your username makes it hard to believe this "ranking" is objective.
hmmm.... GS in 5 of top 11 rankings. That checks out......
How the fuck do you forget Jefferies, Centerview, and Evercore?
http://www.epicgifs.net/images/show/G4L8X13H
What a ridiculous waste of time.
How is Piper on this list and not Moelis? loll you my friend are a bored idiot.
You're forgetting Perella Weinberg as well....so you're thinking Piper is also better than Perella? awesome dude enjoy your SA spot at PJ!
he originally had moelis instead of piper.
PE or bust
Cuz it's not Goldman
How many times is this list going to be updated? Why don't you just make it a top 22 list if there is a 3-way tie for last? Where did PJ go?
Hurr durr ranking
Everyone here mad cause they're not at GS/BX/MS
This
JPM TMT/Healthcare?
LMAO he even changed his name from GoldmanOrBust to now PJorBust....how piper jaffrayish of you
whats your agenda here? you never had Perella til i brought it up, or jefferies until someone else brought it up, or centerview...and then you take out Piper which shouldnt have been in the first place.
Wheres BX restructuring at?
Don't try to make sense of this High-School Senior's list.
My bad skimmed the post
BX Restructuring analysts can and do exit to pretty much anywhere. They should be alongside BX M&A and the top GS / MS groups.
Why is Centerview so low?
UBS M&A is almost nonexistent now as they decided to make a move towards the GS/BarCap model. Their best groups would be FSLF (has been combined again / placed this year's class into a MF PE firm, a distressed firm and several upper MM PE shops), TMT (placed one into a MF PE firm and one into an upper MM PE shop among other solid outs) and GIG (get solid interviews).
UBS sucks in general so would stay away if you have the chance but those are the group rankings.
Does such ranking also exist for London?
this list is pretty arbitrary. feel like QP should be included if its a groups list...
Plz sticky
why is CS sponsors so high up
This list is so Piper Jaffray-ish of you
Oh, dammit someone beat me to it
This list is horrible.
GS is no longer top 2 since it's impossible to interview effectively for buy side without getting caught/fired. Would put BX M&A/RR at top.
See: http://dealbreaker.com/2012/05/goldman-sachs-does-not-look-kindly-upon-…
MS had a similar policy in effect, yet mere months (something like 3-5 after the original announcement) later they repealed it due to massive pushback from the analyst and (surprisingly) associate levels. GS tried to flat-out ban it, but many people got around that. First years with HF offers still leave days after their first bonus clears, rising second years magically announce that they have a MF offer (which could only have been obtained months earlier), and people still send around impromptu "leaving the Firm, I am grateful and humbled to have worked here" messages at random points through the year when they get the job they want.
If you work at GS, people will come knocking on your door to lure you away. That hasn't changed, and I think it is unlikely to change in the near future. The only question will be the mental process you go through to evaluate whether you want to stay within the firm or not: the money, access, perks, and responsibilities of your position in the firm vs. what is dangled in front of your nose elsewhere.
Dated? It's one recruiting cycle old...
Yes, MS repealed their program, for the better.
1 GS analyst that I know personally got fired a few months ago for recruiting for the buy-side while he was a first-year (and then lying about it...but nonetheless). Yes, GS still sends people to buy-side -- people have learned to navigate around the system. But that's besides the point. The discussion centers around the fact that if a ranking is based on "buy side exit opps" then those criteria are much better met by firms that not only enable but encourage analysts to recruit for PE. The barriers GS put in place do not eliminate PE recruiting but make it harder.
All I can say to OP is:
has GS still not repealed their policy yet? That's just fucking dumb
Any idea how?
BTW, did Qatalyst ever send anyone to the buyside besides that one guy who went to KKR Accel?
Doctor's appointments, family events, etc.
what about Moelis?
Such a fucking stupid list. If you want to actually make a list, it should be done in tiers.
Quick search says: -NEA -Accel-KKR -Onex Partners -Criterion Capital
In general it doesn't seem like there are too many former QP analysts, so it's hard to take this as trend in either direction.
Some PE results from the last two years at CS Tech -KKR -H&F -SLP -Onex
Given that maybe 3 analysts a year actually wanted PE (rest going VC, corporate shit at tech companies, staying for associate, etc), I'd say that's pretty dece. Post-Boutros/Quattrone taking off too. Take WSO "Top 20" lists with a grain of salt. Especially for west coast shit.
What about Moelis? I'm surprised its not on this list
I don't think CS sponsors has sent anyone to a MF since 2009 (I heard that from a very smart friend tho...so not 100% sure if its true). However, I don't see them on any of the team pages of PE funds.
And trust me, JPM M&A and Sponsors are not better than Lazard or GS HC. Sponsors definitely places NOTABLY better than M&A there; however, JPM is now a 3 year program and while the M&A guys will still leave normally (lots of them leave for HFs after the first year), those sponsors guys are really locked in for 3 years. After all, they recruit basically through their MDs who I doubt will facilitate them breaking their contract with JPM to help them leave at the 2 year mark.
GS HC actually this last year had placement that I would argue rivals BX M&A and their culture is good. However, I have some friends there who claim they stay later than their peers in TMT frequently. Admittedly, they do have saturdays off...not sure if HR is changing that back, but I hear the program was well received.
Finally, really? EVR and Citi M&A are on the same level? EVR belongs up there with Lazard. The guys I know there go to places like KKR, WP, Mercado, etc.
I definitely wouldn't rank a lot of the other firms where you did, but that's some of the biggies for me.
Deutsche Debt Capital Markets?
Wow, this list is so accurate! Thank you for creating this list to help me make life changing decisions. Awesome list!!!!
So even if this list is inaccurate, if your group is up there are you in a really good position for pe recruiting?
Since most BB M&A groups are after the top 15, you should stay away from them.
List is arbitrary, clearly.
Bucketing, on the other hand, starts to approach some measure of rationality and hopefully still satisfies the ranking circle jerk.
Bucket 1: GS TMT/FIG/HC, BX M&A/RR, MS Bucket 2: Rest of GS, MS, JPM, most Elite Boutiques (EVR, GHL, Moelis, etc.) Bucket 3: Most other BB's Bucket 4: MM's (Jefferies, WB, etc.) and UBS Bucket 5: Regional Boutiques
^ Wow, very insightful post. You must clearly work at a top headhunting firm to know all this factual information. I very much appreciate your post.
I appreciate the sarcasm being thrown at these clowns. Keep it up.
Because of that, their analysts have the profile every buy-side shop wants + the Blackstone brand + recommendations (and often proactive calls and assistance) from seniors in the group. Yes, the group doesn't get mandates for landmark deals. Yes, it's largely buy-sides done out of the group. Yes, there isn't the same capital markets exposure you're going to get at a bulge bracket.
Despite all of that, however, the placement is routinely top-notch. MS M&A, GS TMT, and GS FIG don't send >50% of their analyst class to MFs, stellar HFs, and the top-notch MM shops that many people pick over MFs.
This. I don't think a PE shop cares about the size of the fee on the deal or the "prestige" of said deal. They care about recruiting smart people.
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