DEFINITIVE RANKINGS PRE 2023 RECRUITING SEASON
Alright fellow monkeys, recruiting for this cycle is about to start heating up. Restructuring is finishing up, the Elite Boutiques are in motion, and Bulge Bracket firms are coming to campuses. Below are the indisputable rankings coming into this year:
Top Tier - Exits to MFPE will be available to anyone at these firms, regardless of group in IB. The difference between these firms is honestly pretty inconsequential but you know how people on this firm are so I'd imagine a bloodbath ensues either way
1A. Centerview, Goldman, Evercore, Lazard, PJT, Morgan Stanley
Tier 2 - Great firms, consistent deal flow, going to be a little bit group dependent when it comes to exits
2A. BAML, Barclays, Citi, Credit Suisse
2B. M Klein, Greenhill
Tier 3 - Still solid firms, ability to exit to MMs / great reputations on the street
3A. RBC, UBS, Guggenheim, LionTree, Rothschild
3B. DB (despite what people say it is still a great gig all things considered), PJ Solomon, Wells Fargo, Houlihan Lokey, SVB Leerink
Tier 4 - Going to be hard to have great exits, but still going to make six figures and have opportunities to lateral, venture into PE/VC, even hedge funds if you play your cards right
4A. HW, Piper, Lincoln
4B. Cowen, Macquarie, Stifel, Mizuho, BMO
All of these places are fantastic places to start a career at, and at the end of the day, where you start isn't going to matter as much as people think. For those who stay in finance, they have a 30-40 year career in front of them, the shop they start out at won't matter that much.
These types of posts are garbage.
please get this beta shit off my fucking screen GS/PJT RSSG >> BX/KKR >> HBS >> MCD(onald's) Manager all the way
HL RX > PJT RSSG
lol
lol
I hate these fucking posts… but seems about right
DB below RBC lol
I guess Jeffries doesn’t exist anymore
What about Baird and William Blair?
Big miss
How tf are greenhill and M Klein tier 2 and then LionTree tier 3
I would rank HL RX at 1A
yeh bump for a separate RX tier
I would even rank HL CF on Tier 2B, as they have sick dealflow and literally lead league tables in # of transactions
.
PJT M&A and Lazard should not be 1A
Yeah they are perfect for the 1B rank
Lazard MM teams are merging with Freres so not sure if any dilution there
This is so trash and stupid. Your ranking structure is just so ass dude. I guess Baird, William Blair, Jeffries, Qatalyst, Ducera, and FT Partners (all jokes aside) don’t exist but Macquarie, Mizuho, and BMO are “fAnTaStiC pLaCes tO sTaRt a cArEeR”
I’d bump lazard down to 1B and raise LionTree to 1B
Because different groups in banks don’t vary tremendously on exits, experience, etc…
You’re brain dead buddy
Congrats on Greenhill
As a long time poster here, I just want to say that these posts are super toxic. Ranking banks on some subjective esoteric basis for those who are beginning their recruiting process is extremely fucked up. When will all of those who are taking this seriously realize, that when you actually start working at a firm, no one ever talks or thinks about rankings again. And with that in mind, why start off those who want to go into this industry with preconceived notions in mind about places they don't even have an offer at that one is a subpar place than another? Sure you can rank them personally based on exit opps or career trajectory or industry or product focus, but that should be a decision one makes by themselves. God I hate these bank rankings.
I disagree. A definitive ranking of investment banks by someone who has never worked a day in industry is the way to go.
I would encourage every employed banker on here to print out this list and share with your respective group heads to give them a reality check. Looking at all of you in prospect's Tier 2 list and below.
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