I think the most hated firms on WSO are pretty clear: BoFA, UBS, and Jef are seemingly shit on everyday. However, this brings up the question on the flip-side what firms is hyped up the most with nothing to show for it. In other words, what firms does WSO overrate?
Feel like some firms def get shit on more than others. There's a new Jef or UBS hate thread every day or every other day while other firms like Citi never get large threads on them shitting on them for example.Also feel like the Canadian banks and DB comparatively to their US league table rankings keep getting talked up at least.
Because there isn't a particular reason to shit on Citi other than intermittent layoffs which applies to most BBs. Exits, brand name, and pay is nothing bad or great. DB is literally the best bank in terms of culture on the street, while the pay isn't the best but definitely not the bottom. I don't agree that Canadian banks are actually considered better than their performance. RBC and TD are not the top banks but certainly terrific places to start a career because you do get deal experience from either banks.
UBS, BoFA, and Jef all get shit on, but also for very valid reasons. Usually, on posts around them, the top comments are pretty reasonable regardless. Yes, there is hate on those banks, but think consensus opinion/at least top comment on all 3 banks, is pretty reflective of their broader league table rankings in the US for LTM. Jef and UBS are part of that group of banks right below the top 8 of the 6 true BBs + CVP + EVR, and BoFA is widely acknowledged as being part of that top 8 as one of the mid-tier BBs alongside Barclays and Citi. Think those are all valid places to put those 3 firms.
Depends on what you mean by nothing to show. If you are talking about deal flow then its Moelis. However Moelis analysts get spammed by HHs with great buyside opportunities regardless.
Tbh this is a hard question because the only group that doesnt get shit on here is PJT RSSG and CVP. I guess CVP by the definition of overrated (culty experience, extremely sweaty, heavy facetime culture, actively discourages recruiting, lackluster exits from ppl that do end up recruiting likely due to burnout...) but it is still one of the best places to start your career.
Deal flow there doesn't seem bad though, just group dependent.
League tables are kind of useless for a bank that does a lot of private work. Their annual revenue was 1.2B vs 1.5B for PJT but their net income was higher.
this IMO. I get that Ken Moelis is seen as a huge dealmaker with unlimited access to a lot of board rooms + exits are good overall for analysts, but that doesn't make up for the subpar quality of deals they are taking on. Too many sub 500mm deals with random-ass companies
Yeah, at least Moelis analysts get paid, while a real EB like Lazard gets paid BofA level bonus. I bet my balls this comment will be bombarded with monkey shits from salty Lazard analysts. I have never seen any post or comment that gets more monkey shits than criticizing Lazard or recommending to choose other firm over Lazard. Literally a bank filled with the most insecure kids.
Meh, large-cap focus is honestly overblown. CVP / Q are the only EB left that truly focus on large-cap M&A. From a strategic standpoint, it means a ton of sense for EBs like PJT to go downstream and take some MM share too, otherwise they would go GHL
Has to be the most obvious troll? This forum shits on UBS and RBC almost every day. There's like a UBS hate thread on top of this forum every day. RBC is also one of the firms that catches the most random strays almost at all times. WF literally has a heavily engaged in and upvoted on that calls it underrated by a senior there, I have no idea how your ranking here.
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No bank is overrated because this website shits on every single bank.
Feel like some firms def get shit on more than others. There's a new Jef or UBS hate thread every day or every other day while other firms like Citi never get large threads on them shitting on them for example.Also feel like the Canadian banks and DB comparatively to their US league table rankings keep getting talked up at least.
Because there isn't a particular reason to shit on Citi other than intermittent layoffs which applies to most BBs. Exits, brand name, and pay is nothing bad or great. DB is literally the best bank in terms of culture on the street, while the pay isn't the best but definitely not the bottom. I don't agree that Canadian banks are actually considered better than their performance. RBC and TD are not the top banks but certainly terrific places to start a career because you do get deal experience from either banks.
lowkey JPM never gets shit on
UBS, BoFA, and Jef all get shit on, but also for very valid reasons. Usually, on posts around them, the top comments are pretty reasonable regardless. Yes, there is hate on those banks, but think consensus opinion/at least top comment on all 3 banks, is pretty reflective of their broader league table rankings in the US for LTM. Jef and UBS are part of that group of banks right below the top 8 of the 6 true BBs + CVP + EVR, and BoFA is widely acknowledged as being part of that top 8 as one of the mid-tier BBs alongside Barclays and Citi. Think those are all valid places to put those 3 firms.
Depends on what you mean by nothing to show. If you are talking about deal flow then its Moelis. However Moelis analysts get spammed by HHs with great buyside opportunities regardless.
Talking about a mix of deal flow and exits/prestige, more so holistic as firm quality, apologizes if not made clear.
Tbh this is a hard question because the only group that doesnt get shit on here is PJT RSSG and CVP. I guess CVP by the definition of overrated (culty experience, extremely sweaty, heavy facetime culture, actively discourages recruiting, lackluster exits from ppl that do end up recruiting likely due to burnout...) but it is still one of the best places to start your career.
Deal flow there doesn't seem bad though, just group dependent.
League tables are kind of useless for a bank that does a lot of private work. Their annual revenue was 1.2B vs 1.5B for PJT but their net income was higher.
Moelis for sure, a glorified MM bank. Was never really an EB
this IMO. I get that Ken Moelis is seen as a huge dealmaker with unlimited access to a lot of board rooms + exits are good overall for analysts, but that doesn't make up for the subpar quality of deals they are taking on. Too many sub 500mm deals with random-ass companies
This the same guy that shits on Moelis on every thread? bro couldn't handle the techs that weren't straight from the guides sadly I guess
nah bro I'm at an actual EB, as opposed to MM that crunches ~$300M deals with random ass sponsor backed HVAC or medical devices companies.
Congrats on MOE though!
Yeah, at least Moelis analysts get paid, while a real EB like Lazard gets paid BofA level bonus. I bet my balls this comment will be bombarded with monkey shits from salty Lazard analysts. I have never seen any post or comment that gets more monkey shits than criticizing Lazard or recommending to choose other firm over Lazard. Literally a bank filled with the most insecure kids.
PJT M&A gets way too much glaze on here
Facts, don’t work here but have heard less than stellar things from roommates (and not the ramen noodles dumping fake news )
like what?
Hires mostly from targets, focuses on large cap deals, and the brand spill over from RSSG, exact opposite depiction compared to Moelis.
I don’t think the large cap focus is true. Maybe after the BX spin out 8 years ago but no longer
Meh, large-cap focus is honestly overblown. CVP / Q are the only EB left that truly focus on large-cap M&A. From a strategic standpoint, it means a ton of sense for EBs like PJT to go downstream and take some MM share too, otherwise they would go GHL
Evercore
X
FTI gets lumped in with Alix + A&M, when it’s not even in the same ball park and they pay 1/3
Every EB in Europe.
Exits say otherwise
True, the Lazard London MM pipeline is unmatched
From the big banks in my perspective:
Overrated: UBS, RBC
Underrated: Barclays, WF, TD
NOTE THIS IS ENTIRELY INDEPENDENT FROM COMP
Yeah so true. RBC and UBS get soooooo much love on this forum 🙄
Has to be the most obvious troll? This forum shits on UBS and RBC almost every day. There's like a UBS hate thread on top of this forum every day. RBC is also one of the firms that catches the most random strays almost at all times. WF literally has a heavily engaged in and upvoted on that calls it underrated by a senior there, I have no idea how your ranking here.
Some people aren't gonna like this, but JPM
Why?
Touch any and everything
I'm not saying JPM is bad, but I've definitely been...underwhelmed by a lot of the people I know who've worked there.
Tobin & Co.
What is Tobin & co
A niche WSO reference, the most elite investment bank, Essentially an EEB “Elite” Elite Boutique some say
Pardon my ignorance—does it still exist?
TD - overflow of white men tbh
I'm neither white nor a girl, but nice.
PWP
so true, dogshit dealflow with BS mandates tagged as "M&A advisory" lmao. What a joke
Agree - specially PWP C&R.
This IMO. Fluctuating performance y-o-y. Was never an established EB
Wells Fargo / DB / UBS
RBC for non energy or M&A groups (their tech team might be bottom 10 coverage group in US)
Truist if you’re in a sweaty group
Blair
Lazard (comp is comical)
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