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I've heard BNP Paribas is in contention from a friend who works in their M&A group. Extremely sweaty, below street pay (base and bonus), lack of direction, incompetent senior bankers across levels, low deal flow and sneaky culture. They have a 3 year analyst program and apparently only promoted one 3rd year analyst to associate in the US. They are also apparently hiring a lot of senior bankers from Credit Suisse and Wells Fargo and doing nothing to increase headcount at the analyst and associate level to compensate. Overall, sounds like a shit show I wouldn't want to be a part of.
What's a "sneaky" culture? Sounds positively devious. Do tell.
What about their LevFin group? Is it a sweatshop?
Have worked with people from BNP, absolutely dumb as fucking nails with an air of self-importance that baffles me.
Holy fuck
Moelis is sweaty but at least they’ll comp you well. List is unclear in terms of how you’re ranking
How do you not understand the clearly defined ranking tier that ranges from William Blair to Goldman Sachs?
Lol ok smart guy. I was basing it off culture and employee satisfaction
What an insane list ahaha
BMO slander due to recent M&M news, somehow Goldman is in there too. What is even the basis of this list?
Bankers out of BMO’s Canadian IB groups are very strong - any B5 banker in Canada got a seat in a very competitive space. Goldman is Goldman, you know what you’re getting when you go into it. It’s a deal with the devil and you sell your soul for the fortunes that come after. Jefferies has gone through some shit but you still land on your feet after.
The worst bank is the one with the worst exits, that works you needlessly, and which delegates the shittiest tasks downstream so analysts are database and bitch work monkeys that don’t learn. Now to actually name those that fit the bill is impossible as there are a multitude of banks that do.
I think the whole homophobic slur thing got some egg on bmo
If you take the article at face value sure, but even then every bank has dicey individuals and the outcomes from BMO are still solid and it’s a good platform (in Canada at least - admittedly all the B5 are shit in the US except maybe a bit less for RBC and TD, which are still low 2nd but realistically 3rd rate).
I have no idea what you are referring to, but BMO sucks because the culture is terrible, IB strategy is among the worst on the street and once lending and lev fin slowed, they can’t win mandates.
BMO exits are shit unless you work in M&M, let me remind you they are MM all other groups at BMO are not as strong. I disagree with Jefferies and Goldman being on this list.
deutsche, because ugly logo
That sounds like a valid reason
Got a buddy at Nomura as a VP that doesn’t even know how to model or work any of the processes due to lack of activity. He said he’s basically trapped until he gets fired.
Dude had like 5+ years to learn lmao
Junior or senior VP? That sounds terrible
BMO is an amazing bank, why is it on this list? Our bonuses and base are higher then that of all other Canadian Investment Banks.
These HR accounts getting too obvious
lol I can't take the username seriously
BMO is not a sweat shop, whats with all the anti-BMO propaganda on WSO
Congrats on the shittiest bank
BMO got top quartile bonuses in the US last 2 years and better WLB than 90% of the street but congrats on your prestige!!
Tell that to their metals and mining bankers and their low retention levels
Heard BNP M&A hasn’t closed a deal in like 5 years but still somehow works 100 hours lol
Shots fired but true
Hard to judge a bank based on temporary deal flow slowdown. Not trying to defend BNP but I'd be more concerned with long term culture, I know guys who enjoy it there.
You call 5 years temporary? The fucks probably enjoy it because they get paid to do dick.
So why would anyone work there? I'm so confused? And how has it stayed under the radar for as long as it has?
BMO only included due to recent headlines lmfaooo.... it's really not as bad as people think. RBC is significantly worse
Jefferies is literally a growing firm in its respective market for deals… is the culture or something bringing it down??
as far as I know culture has been bad since 2017, have a friend who started that year and hates it
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