long time lurker from the UK
Hey,
I'm a student (non-finance degree) at a target uni in the UK looking to break into investment banking. Am currently penultimate year looking for summer placements Taken a rather recent interest to Investment banking so still don't know a lot about the industry. One big consideration for me is exit opps (potentially exit opps into non-finance careers). Can anyone give me a lowdown on which places have the best exit opps after a few years stint? How do the BBs rank in london vs the EBs? How are the EBs in London further subdivided?
Thanks in advance
In tiers:
Tier 1: GS, MS, PJT Tier 2: JPM, EVR, CVP, BAML Tier 3: PWP, MoCo, Citi, CS Tier 4: UBS, DB, BarCap
BB > EB for most exits outside of Finance EB > BB for most exits to PE, HF, etc.
Depending on the teams, these tiers can differ
XXX
Nope, I was at one of the other two in that tier but I know some people there. The same is the case for league tables in the US so according to your logic the same must be the case there. Unlike the US, analysts there get to work across RX and M&A in Europe - which is a big plus given they're the best in emea RX.
So let me guess, you're at JPM, CVP or PWP and created this account because you felt offended?
@Patrick Batman's profile clearly states he's at a HF so not sure how he would be in PJT. I doubt he was over selling it - just my tuppence however. Also this obsession and adherence to League tables annoys me.. there is so much that is not captured just by league rankings. Same story with MBA schools.
Also, to compare Citi to PJT indicates that you may not fully appreciate the quality of PJT. Just trying to convey my take on PJT
Just to quote you on this, PJT sent 2 kids to top funds. So did JPM and Citi. How many guys are in Citi and JPM? Same number of investment banking junior employees in these firms isn't it?! Point is relative success rate matters. League table wise, PJT still does not rank as high as JPM and other bigger banks in the US. Does it make PJT kinda bad too in the US according to your argument?
My point is that rankings should not be taken as face value. It should give a very very general guidelines to someone who does not have a whole lot of experience in the field and they should definitely talk to the people at each firm first before making any big decisions. I saw @Patrick Batman's ranking as reasonable for London.
Agreed wholeheartedly.
Best not to conclude using absolute figures. Relativity is everything. If Citi sent 4 Analysts to the buyside out of a class size 40 thats 10% of the class to PE/HF.
If PJT sends 2 Analysts as well to PE/HF out of a class size of 15...that's 13.33%. Very crude example but I'm sure you get the point.
Also, there are many recent articles on the rise of boutiques - I DO NOT mean Evercore, Greenhill, Moelis etc. More along the lines of Zaoui Bros, Liontree etc... Where are they on the rankings? Non existant right? Would you go as far as to rate the above two below UBS or DBS or Barclays? All the above needs to be taken into account..
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