Barclays Best Groups
I've been a long time reader of WSO and wouldn't have been able to get SA offers if it weren't for the great advice of the posters on these forums so I can't thank you enough for that. I received an SA offer at Barclays (as well as DB and UBS) and wanted to hear people's thoughts on the best groups at the bank, especially for someone interested in working at a hedge fund or AM firm down the road.
The only posts on this topic are from a while ago so was curious whether the best groups (such as P&U) have changed in the past few years
All M&A is done within each group so you don't need to worry about going to one that might model or one that doesn't, they all do it in house, which is nice.
As far as strongest groups, their natural resources and power and utilities groups are both regarded as the best or one of the very best on the street. Industrials and healthcare are also decently strong, but a few big healthcare bankers there recently left so that might need to be taken into consideration.
There isn't really a bad group at Barclays experience wise, it probably does not get the level of respect it deserves on these forums. Plus, one of the main reasons Barclays sacked their last CEO Antony Jenkins was because of his disregard for the ibanking division. The board and new CEO have been very clear that they are streamlining their IBD division by placing a lot more emphasis on London and NYC, and are willing to work to build those up. They have also been able to poach a decent amount of dealmakers from MS and GS lately, so all in all I think Barclays is past its biggest worries (unlike DB) and would be a pretty good place to work and any of its groups.
Any other thoughts? Offer is exploding next week so any insight would be very helpful
Agree with cayo275 about NatRes and P&U probably being their strongest groups. I also believe that their Sponsors group is strong and does some big stuff. And I think FIG is just a step below those couple groups.
Also, I would say you are better off at Barclays than UBS or DB, so I would probably just take that offer. Then I would talk to people and figure out which group you want to shoot for. While group matters for recruiting, etc. it also matters whether you get along with the people in the group...
Assuming you are aiming PE exits, in this order:
1.) Nat Res (Houston) 2.) Power & Utilities 3.) Nat Res (NY) 4.) Sponsors 5.) Industrial 6.) Healthcare (not as sure now because 5 bankers recently left to CS) 7.) TMT
Although I'm headed to a more highly regarded bank (GS/MS/JPM), all my friends at Barclays seem to be the only ones that never complain about their work life, group culture - they all seem to love it there.
Directly from an insider - one of my friends who'd recently exited to PE from Barclays told me that arguably the best groups for PE exits from the NY Office is P&U and Sponsors. Take it for what it's worth.
Met a bunch of guys from FIG there and have a really strong opinion of them. Flow seems good as well.
The legacy Lehman groups have historically had the best PE placement: NatRes (specifically Houston) and Power were the two heavy hitters. There is no dedicated M&A product group, so analysts in all groups get a good technical skill-set. FIG is also a good group, although it's weaker relative to GS, JPM, Citi, and BAML.
Best Groups at Barclays (Originally Posted: 12/06/2015)
Received an offer at Barclays and was hoping for insight on best groups for exits/deal flow. Know this has been done before but wanted to have an updated thread. Thanks!
Wouldn't say too much has changed, to my knowledge. Power and Nat Res are still the star groups
Power and Natural Resources. Also consistently hear good things about Industrials, Sponsors, and Healthcare being strong. Have heard complaints about TMT's culture and have heard positive things about FIG and C&R, but I don't see them cited as "top groups" all the time.
Power, NatRes, and C&R. However, modeling in NR is done out of Houston.
I've heard their LA office places the best. However, they only take 3 analysts per year. Recent placements include TPG, LGP, Oaktree, Platinum Equity and Marlin Equity.
Barclays IBD Groups (Originally Posted: 02/22/2014)
I've accepted an offer from Barclays for the summer and was looking to get some information on the following groups within IBD (NY). Particularly interested in Healthcare or Power & Utilities, but definitely open to any of the other three, as well. Searching around the site, I've noticed that Natural Resources has a strong reputation and Consumer Retail was solid at one point, but has lost some top dogs. Don't know too much about the others. I would appreciate some input regarding the more "non-cultural" aspects, i.e. M&A deal flow or exit opportunities. Thanks for the insight!
Interested. Would also like to learn about TMT (Menlo & NY).
From the limited info I know, natural resources is great and places really well into PE.
lol solid
Natty res is primarily run out of Houston and the top bankers are all there. Menlo TMT has pretty bad dealflow...not sure about NYC HC or retail but I heard they were good groups.
I wouldn't say TMT has bad dealflow, they were on some large deals including Silverlake - Dell. In general all bulge brackets will get good dealflow, try to reach out to people in your Alumni network at Barclays or to other Analysts you know for knowledge.
Consumer retail is hurting since a big portion of that group got lifted out.
Healthcare is a solid group, but known to be a bit of a sweatshop, so they have had trouble retaining junior resources.
Don't know much about industrials other than that they do a lot with airlines.
Nat res is solid of course. Even the NYC group gets good flow. Lots of activity right now between coal, metals and Petro.
Power and utilities also great group (2ND to nat res?).
Nat Res and Power are historically good groups. Not sure about Menlo but TMT in NYC is a solid group as is healthcare (advised on the Thermo Fisher deal last year). Industrials has gotten stronger in recent years - worked on the American Airlines deal last year. However, my understanding is that the group divided into verticals so you run the risk of getting struck in a weaker one.
Not to Hijack the thread, but anyone know anything about the ATL office?
Don't know too much, but a friend of mine told me a bit about that office. Seems it's a really small office and runs a separate process from other offices. Mostly industrials focused; he didn't seem to have too high an opinion of them.
I know a girl who used to work there as an analyst - it is tiny (I want to say she was either the only analyst, or 1 of 2). Sorry I don't have anything helpful beyond that
Anyone know if the power group handles renewables and alternatives? Or is that under nat res?
NR & P & U are the top groups in Barclays as far as exits to PE are concerned. Mostly all MM PE funds.
Anyone know if their Sponsors group is any good? (Deals/Exit Ops)
More about Barclays P & U??
Bump. Any more info about these? Other groups, too?
What are the pe offers for power compared to nat res?
Bump
Do you want specific ones or generally how the groups place? Generally the P&U guys seem to have an easier time moving out of their niche - know one at Vista (in TX office, not SF) and Warburg. Only NatRes guy I know is at a MM distressed shop (Oak Hill)
Groups at Barclays (Originally Posted: 11/16/2014)
What are some better groups at Barclays? I know that their crown jewel is Nat Res but what other groups are good?
How's Lev Fin and RX group at Barclays? If anyone know.
Thanks in advance!
Good in what way? Culture/lifestyle/exit ops?
I've heard (from a Barclays returning SA) that TMT is one of the hardest working groups there (NYC) but has a great junior culture and some of the best exit ops at the bank.
You are going to boot camp. You will be fine if you don't get nat res. What are you actually interested in?
I would be surprised if Barclays still had a strong RX group.
From what I know:
1.) Barclay's LevFin is a capital markets oriented group (basically HY DCM) that does no modeling. Avoid this group if you are planning an exit to PE. Great lifestyle group though from what I've heard.
2.) Barclays' crown jewels are Nat Res and Power & Utilities in terms of PE exists. Keep in mind that the analysts in the aforementioned groups usually end up in upper-MM PE at best (which is not bad at all) but if you are aiming strictly mega funds then you might be better off going to GS/MS or an elite boutique for FT.
3.) Barclays' RX group (called Restructuring and Finance) is one of the few bulge bracket bank groups that comes as close to doing RX advisory as possible without having to go to a restructuring shop (ex. HLHZ, Laz, BX, EVR). This is because they have pulled in several MDs from HLHZ to run the group. Mark Shapiro (the group head) brings in great deal flow to the group as well. Keep in mind that this group is TINY (think like 12 people from group head to analyst) which makes sense since RX is very slow right now. Can't comment on this group's exit opps because there's just so few people there.
This is all from a friend who is currently a 1st year analyst at Barclays so take it with a grain of salt.
@"application-advice" In terms of deal flow? I am open to coverage group so I would like to work at a group with the most deal flow
TMT has good deal flow based on my friend's comments but I don't know anything personally.
TMT does not have great deal flow. Pitchbook sweatshop, but at least you will see a lot of them.
Thanks for clarifying. Guess my friend exaggerated a bit/I misunderstood what was implied - I did hear about the hours being pretty rough.
Nat Res and to a slightly lesser degree, Power, are the best groups in the bank after taking into account culture, experience and exits. I would say Healthcare and Consumer are up there as well. I wouldn't want to work in the TMT group there, from what I heard it's a sweatshop without any real deals.
Haha wow, disregard my comment OP - shows how unreliable anecdotal evidence can be.
Thoughts on Barclay's Capital Restructuring and Finance Group? (Originally Posted: 06/22/2010)
I'm a little surprised to find a real restructuring group (or at leas something billed as a restructuring group) at a full service bank.How does BarCap's restructuring group compare to the big boys like Blackstone/Lazard/Houlihan? Do they do actual restructuring work or is it more lev fin? Any perspective on what the culture there is like?
As far as I know, they've been doing a lot of lateral hiring from Houlihan into their practice, so I suspect it's proper restructuring work.
Sorry for bumping an old thread but wanted to hear current thoughts on the group?
heard they do actual RX work (not just financing) but someone else can confirm this
You know this thread is 4 years old right?
Top Barclays groups other than Power/NatRes (Originally Posted: 01/24/2013)
hey guys,
quick question regarding top groups at Barclays groups other than Power, Natty Res. I'm aware that these groups are very good, but would like to know what other groups (no cap mkts) are strong at the firm.
I've heard healthcare, Retail, exclusive sales and sponsors are good groups to join. Have a SA offer and debating group placement should I accept the offer. Is this correct?
bump. would love your insight.
bump again.
From what I understand: HC, Retail, Cap Mkts groups are very good. LevFin works out of the Cap Mkts floor, but modeling intensive and market hours. Barc has solid debt performance so this could be another thing to consider. Anyone else?
Barclays Group Selection (Originally Posted: 03/29/2015)
I've been talking to various groups, and all of them seem to think well of their own groups. I was wondering if anyone had some insight in terms of ONLY EXIT OPPS for HC, Industrials, and Sponsors. Feel free to share any info about any other groups too.
HC too specific modelling? From the conversations with recruiters in London at least they seem to prefer industrials / TMT / CoRe
I recently went through choosing a group myself and I found two things to be useful: 1 - talk to someone who USED TO work in your office. They will know what the strongest teams are and will have no reasons to sell you on their team because they already left. 2 - take 10 largest $2bn+ deals in each sector you're considering (harder to do for sponsors) and find out on how many your bank advised. That will give you all the math you need.
Good luck
But also, the HC people have told me that they were able to recruit both as HC specific and generalist for PE firms. Does that still imply their modeling is too specific?
What is CoRe? I can't find anything on it on WSO because I get a lot of "core vs non-core" stuff coming up.
Ah makes sense thanks.
Best Groups at Barclays IBD (Originally Posted: 03/02/2014)
Hey all, I want to get some outside perspective as to which groups at Barclays in NYC tend to be considered more prestigious there and which groups are considered below average.
For context, I'm asking to get additional opinions and already understand that there are far more important things to consider than prestige. Any guidance would be appreciated.
Natural Resources is considered to be the best group... specifically O&G. They quite literally dominate that space. That's all I've got.
Oh, but Houston is better for O&G obviously. NYC is considered the JV team, but I would still aim for that group, if at all possible.
^this guy knows
I keep hearing it called power nowadays but agree, they have a strong NR franchise, especially oil and gas. Good group of guys in Houston too.
Dominate is a strong word but yes Nat Res is a good group.
NatRes Power Healthcare Sponsors
All pretty solid groups
Bump. Does anyone have any insight into their FIG group and the overall bank itself? I am looking for some information mostly about the culture / pay / reputation / and perhaps exit opportunities. Could not find anything specific to their FIG group.
Bump
Top grous for Barclays in terms of PE placement are Power, Natural Resources, Consumer Retail.
Does nat res or power have better pe exit opps?
best groups for ibd at Barclays (Originally Posted: 04/17/2014)
111
natural resources
For placement to Mega Funds or specialized O&G ones?
M&A will give you a best shot to PE imho. Coverage groups such as PUI and NR are good as well. LevFin strong too, good placement in PE.
(talking about UK/EU tho)
In U.S., there is not stand alone M&A group; it is done in-house within coverage groups from my understanding. Any idea on Fin. Sponsors?
Sponsors is pretty small group at Barclays and is mostly split between the LA and NY offices (~20 bankers each). I think they only take one or two analysts per year. Unfortunately, I'm not able to comment on the overall strength of the group, although they were on the Dell LBO last year.
The NatRes group is dominant in all products from M&A, Equities, Debt, to High Yield. If you are looking for a product group the Exclusive Sales Group (ESG) is their M&A specialist team and you will be on most live deals. Leveraged Finance and Financial Sponsors are quite good as well.
The impression I got was that ESG did more pitching work than modeling.
From what I've heard, ESG does a lot of MM sized deals. A lot of their activity comes from portfolio work for PE funds and companies divesting smaller divisions.I have also heard that they spend a good amount of time executing deals.
Barclays RE IB group (Originally Posted: 02/27/2016)
Does anyone have any insight into this group? Culture, REPE Exit Opps, Size etc.
Thanks in advance.
Is this for LA or NY?
SidUSC Any info on either office would be great.
Quality of Barclays Tech group (Originally Posted: 02/01/2010)
Does anyone have any information on the quality of the tech group at barclays? Is it one of their top groups, and would it be better to consider their M&A group....or what other groups should I consider?
menlo park or nyc?
bump
nyc
does anyone know?
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tech group nyc?
Bump
I used to work in Barclays tech group NYC. PM me if you want to learn more.
Fairly strong, but not like CS or GS tech. Good PE exits apparently (purely from hearsay)
go M&A if you're looking for PE, I don't believe their tech group is top tier
Does Barclays have product groups? (Originally Posted: 09/14/2009)
I've heard that the industry groups at Barclays and GS handle M&A, LevFin, etc rather than having separate product groups for all M&A, LevFin, etc (as is the case at MS).
Can anyone confirm this?
What about at Citi?
I know that BarCap has ECM/DCM/Lev Fin groups. Not sure about M&A there.
In GS sort of, the product groups do their M&A but there are seperate LevFin, ECM, DCM groups
barcap has a separate group m&a within the industry group
Barclays Best Groups?!?!? 2014 (Originally Posted: 12/28/2014)
Hi monkeys,
What are the best groups at Barclays? I have heard traditionally NatRes and P&U are the best and that Healthcare, TMT, industrials, and retail are pretty good too. Have the dynamics changed at all?
Don't double-post dood
All of Barclays Groups? (Originally Posted: 11/06/2010)
Hey guys,
I can't seem to find all of barcap's product groups or, if I can, I can't find all of the sub-specializations. So I know they have ECM, DCM (Lev Fin within), Restructuring, Global Finance Solutions, Risk Solutions, Enterprise Risk Management...But I think they also have Equity + Hybrid Linked Solutions, Asset Securitization and probably others.
I want to find out what these groups do but can't find them on the Barclays website...any ideas?
TIA, Yodaddy
bump...thanks
best groups at Barclays (Originally Posted: 02/15/2013)
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Is this for NYC or London? Nat Res and FIG are very strong. From the others try to get into TMT or M&A
.
TMT and FIG
is there any bank that actually doesnt have a strong FIG?
Healthcare and sponsors as well. Strongest groups other than Power/NatRes are Retail (part of cons/ret), CMG (part of TMT now), healthcare and FIG (largest group at the bank), sponsors. Groups to avoid: can't think of any other than real estate. Industrials is OK.
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