2021 Investment Bank Rankings for Exit Opps
Hey all, usually hate these posts but after seeing some questionable rankings, I decided to put my honest thoughts on a ranking of investment banks based on what I observed from buy-side placement across the street from 2016-2021. I am NOT claiming these are completely objective and undisputed rankings, but these are just from my observations throughout my time in IB and at an UMM PE fund.
Tier 1a: CVP,, PJT
Tier 1b:, MS, , ,
Tier 2:, , , CS, PWP
Tier 3a:, ,
Tier 4:, , , , HW,
Tier 5:, Piper, Solomon
Tier 6:, RJ, Lincoln,
Tier 7:, , , Leerink,
-Ultimately Tiers 1a/1b have extremely similar exit opps but I definitely noticed (for NY PE recruiting) Tier 1a alumni did better regardless of which office they came from (as in Tier 1a placements were definitely much more diverse and balanced in terms of group/office compared to 1b)
-Tiers 3a/3b started off around the same tier but over the past few years that there's been a clear trend of 3a firms pulling away from 3b firms for NY buy-side placement. The difference and trend is large enough to warrant a 3a/3b, but not enough to be a completely separate tier.