Which Banks Worth Taking Over Top Group @ Mid BB?

Have SBs. From what I've garnered:

Likely worth it: GS, MS, JPM, EVR, PJT, CEN, LAZ

Maybe: MOE, PWP, GUGG, HL RX

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From what I’ve seen recently MOE/LAZ/PWP are all regarded very similarly with MOE and PWP on an upward trajectory and LAZ trending downward (MOE and LAZ are still seen as better than PWP, but the difference is almost negligible). I’d say all 3 are better than mid BB when considering pay, culture, avg exits, and level of exposure. 

 

headed to top group in mid-tier BB. I'd probably call GS/MS/JPM and EVR/PJT/CVP as "no brainers" over mid-tier BB assuming it's a M&A/coverage role and not capital markets. Would "maybe" LAZ/MOE because of sweatshop culture and their additional value depends on the mid-tier BB group.

I regret not recruiting at GUGG given their salary bumps and apparent good culture, but they're not quite as strong as a top group at mid-tier BB. Could see it go either way depending on what you value more...realistically I might choose GUGG over a mid-tier BB if I don't know my group, but if I'm already at a top group, then not worth it imo. HL RX is obviously in a separate category as it would only be worth it if you're into RX.      

 

Barclays is probably the only bank out of those three that has truly top-tier coverage groups. Many groups sending to MF PE (P&U, Industrials, HC), but rest of the coverage is also good. BAML top groups are products (M&A/FSG/LevFin). Citi's are M&A and maybe Industrials? Note, I'm only referring to PE exits, there are plenty more groups that are strong at each of these firms. 

 

MAYBE the only one of the extras you mentioned is Liontree, and that's just if you're super into their focus areas. Absolutely no to Ducera, Dyal, Incentrum over top mid-BB groups if your goal is maximizing PE recruiting 

 

Not much sense in putting HL RX there. If you wanna do RX, you’ll take it just after PJT well over the others, otherwise it won’t be on your radar

 

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