What are people's thoughts on Guggenheim Securities?

The label of EB gets thrown around a lot with many banks who used to be strong (GHL, PWP) now being tentatively considered EBs but was curious if Guggenheim's reputation has risen to take their places? Also curious about recent exits and what people think about them poaching both of Barlays's global heads of industrials last year.

 
Most Helpful
Intern in IB - Gen:
pwp is still considered strong, idk what op is on to be honest

In general there is just less visibility on PwP since they are private. It's clear that Evercore, Moelis, and PJT have been on a tear over the last couple years in terms of growth and the types of mandates they are on. Centerview too is private but the caliber of deals they are on is unquestionable.

Greenhill is struggling pretty badly (two quarters this year where they only generated $40M in IB fees, yikes). Just being in the industry my impression of PwP that it is still a good shop but definitely does not seem to have the same momentum as the ones above.

Guggenheim is a good shop and works on some real high quality mandates (especially in TMT). It would be disingenuous to say though that they really have anywhere near the placement as the ones mentioned above (not to say you can't still go buyside as a good candidate). They expanded extremely rapidly and I think that has at times diluted the analyst pool/quality and reps to go around on the top mandates.

 

Heard from an analyst that dealflow can be all or nothing depending on the group you're in - I personally don't see them as a strong or upward trending eb

To live is to suffer, to survive is to find some meaning in the suffering.
 

Just finished recruiting with them and can say that they're definitely an EB today. Most of the WSO posts about Guggenheim are very outdated. As others have mentioned, they work on top mandates and the exits are good (top MMs and a few MFs, although not on the level of Evercore / PJT) TMT and HC (all three verticals) have solid dealflow, and Industrials as well with them poaching both Barclays' heads. Also heard good things about Retail and P&U (former BX P&U team). Not sure about FIG

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”