Barclays - Top IBD Groups in UK/EU?

Hi guys, "long" time lurker here.

I was wondering if anyone could drop some insight on top IBD groups at Barclays, London office in particular.
I was given an opportunity to name my top 3 preferences for the SA internship.

I talked to several analysts last week, so I have some information.
PE and possibly HFs are my preferable "exits". Hours are not a factor. I think that Barclays culture is pretty nice in general.

Currently, I am looking at these three:

i) M&A
ii) Leveraged Finance
iii) PUI (Power, Utilities, Infrastructure)

-M&A's pitching to executing ratio is around 20:80 according to their analysts. You get to work with different sectors often, on lots of deals,technical work is good, and people who tend to stay with Barclays move to one of their favourite sector groups after several years. PE placement is very good as I think all analysts interviewed for MF positions this year (didn't get much info on this) and I know at least one was placed into BX. Barclays is in the top 5 if I am not wrong.
-LevFin is very technical and interesting work with hours in summer and winter being really easy and killing hours during the season. I know that the work is pretty different than at other groups, but I am genuinely interested in this area and I liked the analysts. PE placement should be solid. Not sure if this would cross out HFs.
-PUI looks like a place because most of the analyst mentioned that they enjoyed working with the group or think highly of it. Read about it on WSO as well. Not sure about exit opps.

Other groups that I heard were good:
-Sponsors
-Healthcare
-Natural Resources
-TMT
-Consumer Goods

Thanks a lot guys!

Comments (24)

Apr 13, 2014

I've spoken to a guy or two at their PUI and Natural Resources desk when I fiddled with the idea of interning there. This was obviously coming from him but they said they have a pretty good position in both of those groups due to their commodities presence.

Without a doubt, their UK M&A group is one of their best. If you can angle yourself into that, you should be good.

Apr 13, 2014

Thanks! @Rumplesmoothspin

Anyone else have any insight? Need to make the decision in next 24 hours.

Apr 14, 2014

Heard some good things about PUI as well but with your "exit" focus in mind M&A is probably the better choice. Though I haven't heard that they are top 5, they are definitely a stronger group.
Unfortunately can't really comment with confidence on the other groups.

Apr 14, 2014

Much appreciated! @"EuroLocust"

Apr 15, 2014

Yes, PUI and M&A are two of their best teams, but Barclays IBD overall is def not Top 5 in Europe (Top 5 is GS/MS/JPM, DB/CS. BARC is more like Top 8).

You know you've been working too hard when you stop dreaming about bottles of champagne and hordes of naked women, and start dreaming about conditional formatting and circular references.

Apr 15, 2014

BARC is indeed top 5 in EMEA M&A, ahead of DB and CS, according to the 2013 Thomson Reuters M&A League Table.

http://hereisthecity.com/en-gb/2014/01/06/mergers-...

Apr 15, 2014
HedgeKing:

BARC is indeed top 5 in EMEA M&A, ahead of DB and CS, according to the 2013 Thomson Reuters M&A League Table.

http://hereisthecity.com/en-gb/2014/01/06/mergers-...

lol, those rankings change every year brah. Since market dip in 2008/9, consistent top 5 have been GS/MS/JPM, DB/CS

You know you've been working too hard when you stop dreaming about bottles of champagne and hordes of naked women, and start dreaming about conditional formatting and circular references.

Apr 15, 2014

But on that table, in 2013, DB was No. 9, and CS was No. 14 (and No. 9 in 2012) in EMEA M&A. How can you use "consistent top 5" to describe them?

And BARC was No. 4 in 2012.

Apr 15, 2014
HedgeKing:

But on that table, in 2013, DB was No. 9, and CS was No. 14 (and No. 9 in 2012) in EMEA M&A. How can you use "consistent top 5" to describe them?

And BARC was No. 4 in 2012.

The problem lies herein that you are looking at a somewhat misleading extract from a report, rather than the original source data.

In the reports Thomson publishes there are typically two tables - deals announced for the year, and deals completed for the year. That HITC link doesnt say which one it is, but my guess is it's deals completed. Usually don't look at deals completed because deals can take an indefinite time to close (ie. from a few months to a few years) so a deals completed ranking doesnt really mean anything. It's the deals announced table you should look at, as quite obviously that table shows you how much business these guys have drummed up over the course of the year.

Based on deals announced, most consistently performing top banks in Europe since the market dip in 08/09 have been GS/MS/JPM and DB/CS.

You know you've been working too hard when you stop dreaming about bottles of champagne and hordes of naked women, and start dreaming about conditional formatting and circular references.

    • 1
Apr 15, 2014

Ok, you want to talk about announced deals, let's talk about announced deals. According to the following Bloomberg ranking, for the 2013 Europe announced deals, BARC is No. 4, DB is No. 9, and CS is No. 14.

http://www.bloomberg.com/professional/content/uplo...

Apr 15, 2014

Have worked with the P&U guys in London before, some of the smartest and funniest guys I have met. Definitely a top group for the UK and EMEA area.

Apr 15, 2014
yesbrainer:

PE placement is very good as I think all analysts interviewed for MF positions this year (didn't get much info on this) and I know at least one was placed into BX. Barclays is in the top 5 if I am not wrong.

please feel free to PM me, I would also be curious to hear who told you the above.

Apr 22, 2014

Hi @"Matrick", I apologize for the late reply - didn't check WSO for a while because of tight schedule, I thought that the thread was dead. What do you want to know specifically? PM me please (I am still low on banana points). I'll be happy to share everything I know, although I am not sure how valuable an insight from an intern-to-be really is to an industry professional.

By the way, thanks for other comments guys. I truly appreciate it.

Apr 22, 2014

I wouldn't go for a country team unless you absolutely want to work in that country, are utterly fluent in the language and comfortable with the customs etc.

In the UK, I would say you don't need to worry that much about going for the M&A team for exit ops. I would advise going for an industry team because then you not only get the M&A skills but everything else as well (LBOs, equity raise, debt issuance etc.)

I'm not too familiar with Barclays specific divisions but Energy & Resources is always an interesting one (beware of travel to Aberdeen for oil though!!). I think TMT is usually overrated, especially here in the UK. Everyone thinks they're going to be working on Apple, Google, Facebook etc but there are THOUSANDS of tech companies, most of which are quite dull. FIG seems to have the worst hours at every bank so if that's a concern for you, take that into consideration. I would say DON'T go for Real Estate if they have it (JPM rules the roost in the UK for real estate).

With regards to industry group it really comes down to your own personal preference and the team. Barclays is a good name to have on your CV regardless of group and people here don't care as much in the US about "presteej". Choose something you're interested in, kill it for 2-3 years and then think about what you want to do next.

Apr 22, 2014

..

Apr 22, 2014

Barclays natural resources group is pretty highly regarded, often ranked one of the best of all NR groups in the UK. It has a particularly close relationship with BHP Billiton which helps, they pretty much work together on all their mergers. The deals are interesting in the sense of the scale, the widespread geography (not just concentrated in one main region like for example TMT tends to be) and also for the political side of it too (if that's your cup of tea, lots of politics at play when it comes to natural resources deals both corporate and government).

Apr 22, 2014

If you have the chance and are interested in the sector then definitely consider Barclay's NatRes group. One of the strongest over here!

Apr 22, 2014

Whose the best for consumer and retail?

Apr 22, 2014

Bump

Apr 22, 2014

PUI (power, utilities, infrastructure) is supposedly the most profitable.

Dec 3, 2018
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