Delete

Would not put BAML in T1 same prob for RS, PWP and PJT could be T1 but I guess that’s personal opinion, Evercore definitely T2 

1. Tier 1: GS, MS, JPM
2. Tier 2: BAML, Citi, Lazard
3. Tier 3: Rothschild, Barclays, PWP, PJT, CVP
4. Tier 4: BNPP, UBS, DB, CS, Evercore
5. Tier 5: Moelis, Greenhill, RBC, HSBC, Macquarie
6. Tier 6: Houlihan, WB, SocGen

Please stop wasting time with these ranking posts that nobody cares about other than prospects and interns. 

Tier 1 firm is whatever bank that you still have a job at and didn't lay you off.

Precisely.

The average MD in William Blair is making more than the average MD in Morgan Stanley, even in Europe (and an order of magnitude more than the average MD in BNP, SG). Similar with something like Macquarie in the infrastructure team. Now, I’d probably prefer to be in Morgan Stanley over the long run but that’s personal preference and these are not straightforward choices.

For career bankers, the independent firms are where you get paid the most, then the American BB, then the European BB, then the European money center banks.