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In short, it basically depends on what specific desk/product you are looking at - did you have a specific one in mind? Some banks are great at some products and terrible at others. Also, people move around which means that strengths and reputations of the banks change over time. Sure, there may be some bank which objectively has the highest sum of P&Ls comparatively, but that would only matter if you were a senior person running the business.
For comp? Prestige? Culture? WLB? Gotta say what the list means pal
Prestige.
Prestige/quality of intern hires wise it's gotta be gs-ms-jpm-citi-bofa-barclays-db in that order
jpm beats out ms for S&T any day of the week
Bruh ain’t no way u just said GS has the best intern quality. They literally don’t ask any technicals in ST interviews. Not even market questions. 70% diversity program hires and for the regular round ppl, I don’t see how they have better ppl than JPM holy shit 😂
Being blunt here:
Ranking based on product/desk strength is fine, and it would've been helpful especially when I was applying, but if you're going to rank whole banks by prestige for S&T, get the hell out of here.
Views on best BB S&T desks for HY / Distressed?
curious
Hsbc is better than Deutsche
Complete BS.. the current so called prestige among BB is mostly driven from IBs not S&T.
Even some desk in non BBs like Nomura, Socgen,Bnp is better and guarantees better career trajectory than some in BBs..well this can also differ by region
I bet you work at SocGen cuz ain’t no way you just put that bank among everyone else.
They kill it in Equity Derivatives, Nomura and Macquarie kill it in Rate Derivatives
If comp is the question, depending on the product, nomura (as surprising as it might sound) is very close to the top as they pay the old school way, very close to formula payouts (HF style) for senior traders
GS is great for commodities, JP is the most well rounded, HSBC is for FX (especially EM), soc gen for equities derivs, DB and Barclays for anything E-Trading.
Really pointless to do ranks for the whole bank because in « prestige » terms I can guarantee you that a China FX trader from HSBC is going to be seen by any serious fund or bank as the most « prestigious and best » china FX trader even vs JP GS candidates… Same exact story for a commodity trader from GS.
This is especially true for juniors, as when late talking or moving to buy side, the reputation of your desk and senior trader is significantly more important than the name of your bank.
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