BNP Paribas vs RBC

Hey guys, I'm going through recruiting season now and I'm fairly new to the game. I'm an international relations major so I'm not really even studying finance, but I've received a couple of offers for S&T and IB and I was looking for ways to differentiate between the firms and divisions. So far, I've received an IB offer at RBC and Market offers at both RBC and BNP Paribas. I know the differences between S&T and IB, and deciding between them is a personal preference, but how should I differentiate between BNP and RBC within S&T? I mainly see IB rankings but S&T rankings are less common.

So with that in mind: RBC or BNP for markets?

5 Comments
 
Best Response

Both are pretty solid spots as they are two of the players that are aggressively trying to gain market share as some of the former bulge brackets pull back (DB, Barclays, etc.). BNP actually seems like they have ambition to become the premier European investment bank. However, I do have a slight bias towards RBC as I still think North American players will remain stronger. Maybe others can speak to specific desks.

 

In S&T? BNPP is a top-notch player in fixed income/credit products. That said, number 1 rule on Wall St is: never work for the French

 

i'm not in finance, but I'm from France and finally went to canada at 33. I think there's a real cultural gap between french and north american that can not be ignored even on the long term. you'll get upgraded to a certain level within the company but above this level you have to come from one of the top french school. french people have a tendency to over-debate things to finally come up with no solution and that can be very annoying for people who have a more down to earth approach of things. that's what I can say from a generalistic pov. As for specifics in finance I can't help you.

 

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