Which are the best teams in Barclays IB?
Hi all, can you share your ideas on the strongest teams in Barclays IB? What coverage/product teams have the best deal flow? Also, how do they compare to the ones of the big American investment banks?
Trending Content
| +130 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 59 | 1d | |
| +49 | Intern Ettiquette | 14 | 10h | |
| +47 | Ranking banks that went under | 34 | 8h | |
| +39 | Burnt Out M&A ASO | 22 | 1d | |
| +38 | Relevance of A-Levels for U.K. London recruiting | 27 | 4h | |
| +26 | What are hours like at BBs in London? | 48 | 17h | |
| +26 | 2024 new grads who didnt get return offers update | 12 | 16h | |
| +21 | NEED NY RESTAURANT RECOMMENDATIONS | 17 | 2h | |
| +19 | 3.7 at semi target, how can I prep for recrutiing | 5 | 4d | |
| +19 | Lateral from BB M&A to MM A&D - Tips for Interviewing for A&D? | 7 | 5d |
Career Resources
No team, so no deal flow. Lol…
Ranking artificially propped by historical deals (most of which was coadvisory/financing anyway).
Bit of toxicity in the past 4-5months
Knew SA who was there even before the recent MD exodus and agree on the toxicity. The group he was in at least was also trimming client relationships and struggling with positioning for newer bigger players.
none lol, it‘s Barclays
Have to defend the wall here. Power is best on the street, healthcare, industrials, sponsors, and tech have been the main course historically. However, 10%+ of all MDs recently left the bank across these groups. CRG got hit heavy with exits as well. There is definitely turmoil as MDs leave, bonuses aren't great, and deal flow is slow. That said, show me one bank who is having a killer year that plays in the same playground. Barclays has its issues but it's still a BB with better recognition than any MM firm out there.
What are exits and deal flow like in industrials / sponsors / tech ?
Exits are top tier. KKR, TPG, Bstone, etc. You'll have same looks as all other banks. Deal flow is slow right now for all banks. Sponsors probably better off than tech. Industrials too but bank can't have a dying tech team. Will be a good investment to be there when it gets rebuilt and you're a junior.
Anecdotally but buddy in Industrials said Apollo, CD&R, Lindsay Goldberg. Might have been a few years back. Said it was sweaty af though lol.
How is RE?
Average. Definitely not above BofA or other RE shops. Fairly small team but good culture. Wouldn't recommend it above any other group other than FIG or product groups.
Barclays Energy has worked on some big name M&A deals including Exxon-XTO
Networked briefly with the Barclays HC team. Sounded super sweaty (the associate I spoke to said 2-3AM nights weren't uncommon on deal sprints) but the experience sounded very well rounded if you wanted to eventually exit to industry / buyside. At the time, I already struck out at majority of the banks I applied to as a first year MBA student and at the point I got cold emailed by a senior associate there I already pivoted most of my prep (my school is not a target for Barclays so it was a pleasant surprise but at that point, I already moved onto other recruiting avenues as my Christmas break gave me time to reflect that banking wasn't a good fit for me).
Is 2-3am during deal sprints sweaty? That's normal during a deal sprint
May be true for some firms but that's not what I was told by some former summer associates (2nd years at my school) for other firms I recruited at.
Few exceptions though, there are a few MM firms that recruit at my school and have a few super sweaty groups (one of their associates admitted he's been up since 3-4am for almost night for 1-2 weeks at the firm's happy hour lol, poor guy looked like he wanted to go sleep rather than network with eager prospects).
Appreciate the defending wall thing.. believe me I have been there
but don't want another good analyst career burnt cause of management mistakes like in CS… where smart seniors exited to BofA and JP early while poor peasant soldiers (A&As) defending the wall collapsed under it. So gonna make this as detailed and evidence based as possible…
Power - https://www.reuters.com/business/finance/barclays-hit-by-more-departure…
HC - https://www.bloomberg.com/news/articles/2023-04-05/wells-fargo-taps-bar…
Sponsors - https://www.efinancialcareers.com/news/2023/04/barclays-ma-bankers
I don't even have to post for Tech, lol
The number 10% is just false, I will bet my month's salary Barclays doesn't have 300 MDs in IB. Maybe including trading … but that's not even the point, the MDs who left are senior relationship guys generating the flow…. The ones left behind are MD1/2/3 etc.. who are gonna be pitching for the next 2 years atleast
Sure Barc can rebuild which will require a minimum 2 year $3–5mm yearly guaranteed for attracting senior MDs.. do the math for recruiting 30 MDs and imagine Barc doing it.. while having a history of paying shitty bonuses .. connect the dots my friend
Sure, the street is bad, flow is bad currently, but if you are looking ahead look for potential, not historical benchmarks…
Rest assured Barc is not going the CS way in terms of Bankruptcy (where will the king bank then?) or forced merger but with a string of stupid management mistakes (SEC fine for over issuance, trading error, distracted CEO) the sheen is definitely off. - perception is that it’s a weak bank - rather take WB or HW over BARC… Look at their P/B ratio and benchmark, tells you enough
https://www.wsj.com/articles/troubles-at-barclays-prompt-a-shake-upand-…
Sure you will get looks from recruiters, sure, I have enough good friends from there who got placed well back in the day but if you don't get good deal exposure converting will become tough.
Barclays will continue to be a good financing shop but large sell side M&As, exclusive buyside advisory, lead left bookrunner are not on the table anymore. Period.
Dolore culpa amet voluptas quia sed dolores quidem omnis. Exercitationem accusamus aut quisquam et nemo provident molestiae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...