Updated Barclays Groups Info
Hello, in the same vein as the CS thread I was hoping we could mesh together a idea of how the groups stack up against each other in terms of dealflow, hours, culture, and exits. Obv power gets a good rep and industrials has a bad culture but something comprehensive (and recent!!) would be amazing (guaranteed SB from me :)
Bump
Had a buddy who summered in TMT there in like 2013. Sounded like a great place. I think he went on to BX PE FT and now at a top hedge fund. I think I have another buddy who did RX there mainly focused on NR. Sounded like he had a great exp and now does like buyside/balance sheet work for them I believe so he is like a full-on banker there running BarCap actual money it seems like. Plenty of good groups there I would think. Seems like they may have left behind the worst of and taken the best of Lehman post crisis and built on it well. Also believe I met a Bar FIG interviewing for APO PE job. Seemed sharp and nice
this is helpful, I'm assuming TMT was pre menlo back when Barclays had tech in their nyc office?
Yea I think he worked TMT out of nyc
Barclays still has tech in nyc and it’s a larger team overall than west coast last I heard.
Barclays Industrials & Technology (NYC) are the exceptions to the general rule of Barclays having a slightly better culture than other NYC BBs. They both work at a breakneck pace. Good dealflow in both, exits are good, but wlb is by far the worst.
FSG has great exits, but I don't know much about them otherwise. I heard that FSG & P&U are the "hardest" groups to network into.
NatRes/P&U are both still at/around the top of their fields, but the real rainmakers that gave them their reputation have since left, so it remains to be seen how they respond. P&U apparently has great people & a more relaxed culture, can't speak much to NatRes.
FIG is average all around, nothing really special. Although Barclays has a really good Fintech joint vertical between Tech & FIG (they hired a new MD for it recently, the Bulgarian guy). Rumors are that they're on some really big names.
Real Estate has like negligible deals from my understanding — even the coverage team mostly does debt related work. EDIT: this info appears to be outdated
CnR, Healthcare I really don't know much about.
Source: incoming FT in product but recruited heavily for coverage. This is just based on my experience & impressions of what others have told me.
Real Estate group is top tier. Info is outdated on this site. Just did $4 Billion KimCo buy side M&A transaction.
You might be right — my info was gathered from my recruiting process, which certainly may be outdated. Thank you for letting us know
Nat Res NYC continues to grab monster mandates in midstream and downstream as well as renewables dealflow (Marathon/Speedway/7 Eleven, exclusive advisor to Marathon I believe). Would add it to the list of hardest groups to get into as they take 4 kids/year and it’s almost all Harvard and Vanderbilt at the junior level.
Even with the top people gone (this has been the case for at least a few years), P&U and Nat Res remain #1 or #2 in their respective fields (league tables can be manipulated but overall this is very much true), and this is why most analysts continue to exit very well from those groups. Feel like there’s a lot of haters on WSO rooting for these groups to stop dominating.
Also would think LevFin is solid there too
Bump, would love more insight into
Consumer and retail
FIG
media and telecom
Levfin
All seem like good groups
Looks like Lehman TMT was ranked highly in 2006, sounds like barcap TMT may have good creds to work off of from that
Does anyone have more info on industrials and why it seems to be consensus worst group in terms of culture
It's a sweatshop - deal flow is strong in the group but pitch activity is also very high even with the deal flow. Senior bankers are grinders.
so it's a two year trade of a rough culture and hours but great deal experience and exit opps
Maybe it’s just industrials in general at any bank can be seen as a hard working group. Maybe companies are a little more old school and hours can be old school too. Not sure
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