Why are banks ranked on here by brand not group>brand (60/40)?
Obviously brand and group performance sort of go hand in hand, but can a brand name really hold up poor groups? and 2, wouldn't all the pursued finance exit opps know the reputation of the group that you're in and see beyond just the name on the resume?
Cuz ppl are prestige whores
Lack of qualified professionals to opine. Also, candidly it’s very difficult even for an experienced investor to understand groups and their strengths. Like someone who works at MS tech, and goes to a tech fund, then HBS, is going to have little comprehension of restructuring groups that kill it.
It’s why the forum is so inaccurate.
Not my opinion, just a thought Outside of people keeping track of IB groups someone may not know how strong Piper's Medtech group is but they know who MS/GS/JPM is
Because unlike college kids who care about the brand “as long as I work at a BB I don’t care what group it is because I can say I worked at a BB” once you work in the real world group performance matters and it impacts your exit opportunities, and compensation. Why work for the shittiest group at a BB if there is no business when you can work at another place and get better experience, more deals, and a better comp. most importantly, the experience you’d get from ages 23-30 matters a lot for your next steps in your career so why would you want to work at the shittiest group and not get the experience you’d need to learn when you can get that elsewhere? It’s not even about prestige at this point it’s about choosing the group that will help you grow.
For example, if you have two offers in hand, one at a BB in the shittiest group, but a MM offer at a very well known respected advisory team, why choose the BB? That’s the whole point of this.
he's asking why ISN'T it the way you described.
The tough thing is how much it varies from sub-vertical to sub-vertical. I’m in public finance and there are some shops that might be great at general govies and suck at healthcare. You can be in a strong group at a good firm and still find it’s uneven.
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