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Did you have superdays recently or something? Get an offer yet?

People tend to think life is a race with other people. They don't realize that every moment they spend sprinting towards the finish line is a moment they lose permanently, and a moment closer to their death.
 

From what Ive heard BarCap is #1 in Houston in terms of O&G... I believe only them and CS does their own execution, whereas everyone else outsources to NYC... definitely pick Houston if you're not set on being in NYC...

 

I've heard that Barcap does split the energy team between NY and Houston. However, by that, I mean that groups in each city serve a certain sub-sector of energy, even within oil+gas. So like midstream might be in one city with refiners in the other (just made those up as an example). Execution is done out of both cities though for their particular group. It's a little confusing, and different from how many banks do it. I'm not too familiar beyond that. Would love to hear from someone who works for Barcap..

Just curious-Why is your name Barcaprules if you don't work there?

 

Everyone raves about Lehman's Energy group on this board. Assuming the Lehman guys stayed on after the acquisition then they are a great one.

 

What exactly is so special about barcap/lehman nat res. It seems that they've always had a solid reputation in the oil&gas field. From what I've read lehman nat res was also one of the first to have their contracts honored from barcap. Can someone share their insight on this group, and how they are perceived today.

 

Yeah they were the only group to have all of their first year analysts get third year offers, and have had the top analyst at the bank for a few years running. Plus Lehman invented the MLP structure so they are of course pretty much on every MLP deal out there. The power group is strong as well, but chemicals and metals and mining is a lot stronger at Goldman or JPM.

 

Fixed income at Barcap is ranked top 3 internationally (maybe #1), and although you said no natural resources they're actually based in NYC and they're pretty strong across the board, especially within natural resources ECM. Industrials is also one of their strong suits, healthcare i'd say is one of their weaker focus areas. That being said top of the line is probably risk solutions (RSG, basically a swap desk), DCM, natural resources, industrials

 
seekingalphabet

Fixed income at Barcap is ranked top 3 internationally (maybe #1), and although you said no natural resources they're actually based in NYC and they're pretty strong across the board, especially within natural resources ECM. Industrials is also one of their strong suits, healthcare i'd say is one of their weaker focus areas. That being said top of the line is probably risk solutions (RSG, basically a swap desk), DCM, natural resources, industrials

Awesome. Thanks. Interesting about their DCM team.

Any idea on their other coverage groups (eg. Sponsor group, Consumer/retail, and TMT)?

 

nat res has like 20 bankers in NYC if you include chemicals. steer clear of the product groups unless your intention is to be a career banker -- they perform more of a pricing role (even lev fin). you can get your foot in the door for PE/HF from any of the coverage groups and the more "prestigious" product groups like lev fin

Vertical Farming Extraordinare
 

as an aside, M&A is housed within each coverage group. one or two people in a coverage class are assigned to the M&A group that sits in the bullpen with the other coverage analysts -- which sounds a bit different from some of the other banks that outsource M&A to an industry-agnostic product group that handles strategic transactions. most of the time, these deals are usually handled by the coverage analyst assigned to the specific company

Vertical Farming Extraordinare
 

lev fin is garbage at most banks...should be titled "leveraged finance capital markets" so as not to confuse with how things worked at lehman. Before an analyst / associate in LF would cover 3-4 industries and run all of the pitching/modelling/legal for whichever project they were on -- this is the best possible experience you can get as an analyst. Only bank that still has this division of labor is DB...at the rest of the banks LF just gives pricing guidance. Any coverage group > capital markets role in LF.

Vertical Farming Extraordinare
 

wanted to revive this thread, what groups are best at Barclays NYC nowadays

 
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