Why BBs are better than EBs
BBs are one of the most well known banks around the world. Ask your parents if you've heard of the BBs and they will likely know all of them. When you have that name brand on your resume, people automatically know what "JPMorgan" or "UBS" is. Literally no one knows any of the EBs besides people on the IB -> PE track, which is a very small subset of business. Even people in finance don't know EBs -- MDs in S&T/ER literally didn't know what Evecore or Centerview was.
When you go to raise money for your startup, go work for a tech company, go work in corp dev, etc. the BB name will set you up 1000x better than any EB name will because people will actually know what your BB is.
Good groups at top and mid tier BBs have great exits, and routinely send over 50% of their analysts in those groups to UMM/MF firms. So, BB's strong groups get the same PE exits as EBs, but a much more well known brand name.
I'd say BBs are like FAANG SWE, and EBs are like HFT SWE firms such as Jump Trading, Two Sigma, and Five Rings. People in very specialized areas will know those HFT firms, but when you want to raise money for your startup, I can assure you that namedropping that you have Google Experience will be definitely more valuable than saying I worked at "Jump Trading."
Congrats on UBS
Haven't seen a single UBS pitchbook... not sure if they are IB? lol
Agreed
People where I’m from would assume I just misstated “IBS” if they heard UBS. I don’t think that name brand goes as far as you think.
Literally never heard of UBS until I got interested in IB. If you live in the US and don’t work in finance, the only BB you know are Citi, BofA, and Chase because of their retail banking.
Ask your parents, they will know every or most of the BBs and none of the EBs. You are a student so you don't have much exposure to the real world, but among adults BBs are very very well known through various things (such as DB with PPP loans, etc)
money
By this math, Rothschild is the most prestigious bank in the world since everyone will think you're a lizard person oligarch
Why do people feel the need to post these? Do you really think people are gonna stroke your ego in the comments?
Another one of these stupid posts. Every kid at my target would take any core EB (CVP/EVR/MC/LAZ/PJT) over any BB except mid to top groups at GS/MS IB. I had friends choose Evercore/Centerview over GS/MS even.
But those are clueless students choosing between those banks.
In the real world, outside PE/HF, nobody knows wtf any of the EBs are and I can assure you the BB brand name will take you much further than any EB
You definitely only got an offer from BofA/UBS or something and now spend all your time coping on WSO
How I read this comment is the only thing you can derive value from in your life is thinking people's jaws are going to be on the floor when you tell them you work at GS/MS... no one gives a fuck, and as an above poster stated, no one outside of finance knows banks besides Citi, JP, and GS basically. You didn't get a top BB or EB offer, and are now smoking serious copium because you inked an offer at UBS and are outraged no one knows where the fuck you work. People like you are the problem in this industry, and I would never want to associate with you in a personal or professional manner.
Let’s base our careers off if our parents know where we work
Grats on USB
Is he in TMT? lol and does he go to UVA?
Oh god not this guy again. Moelis / EVR / CVP / Any EB destroy BB’s…………
So following your logic, I guess you would accept an offer at Wells Fargo (probably the most known bank in the country along with BoA) over PJT Partners, Lazard, Centerview Partners...
Insecure citi analyst trying to pose as other BB’s to bring them down
Does nobody else realize it’s the same 50 accounts spamming Citi propaganda or impersonating other BB’s to make them look worse?
1: GS, MS, EVR, CVP, PJT, JPM, MOE, BARC, CITI, CS
2: BofA (fuck BofA they are the worst bank)
3: PWP (fuck PWP they are the worst bank)
What mid tier BB sends 50% of their An's to UMM/PE ?
Qui accusantium in delectus facilis. Officiis neque doloribus iusto dolore sit nisi.
Sapiente assumenda voluptas voluptas quibusdam quia eos consequatur. Odit adipisci nihil ipsum ut et fugiat. Aut fuga necessitatibus rem libero velit.
Blanditiis aut hic maiores ut quos magnam. Enim explicabo possimus eaque sed. Et voluptas ut unde dolor quisquam. Asperiores saepe accusantium nam rerum voluptate.
Consectetur rerum consequatur tenetur sit. Sed quisquam laboriosam quibusdam repudiandae. Sed saepe quia eos. Odio eos quaerat dolore ut perspiciatis.
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...
Similique explicabo iure amet aspernatur et assumenda sit. Officia adipisci facilis tempore dolor. Officia rerum voluptas tenetur fuga. Illo magni repudiandae quisquam aut. Nihil quia et sunt et repudiandae omnis.
Provident nostrum ut odit numquam quaerat molestias eius. Blanditiis rerum praesentium qui veritatis quia. Numquam cupiditate blanditiis facere eos. Aliquid veritatis laboriosam voluptatem et et sit at. Delectus atque vero commodi repellat neque. Mollitia vero magni alias reiciendis sed.
Dolores earum optio ut voluptas veritatis. Aperiam qui cupiditate commodi rerum placeat numquam. Iste nemo veniam provident aliquid asperiores quaerat rem. Alias vel iste est dolores. Minima voluptas officiis voluptatem officia.