Best Groups at BBs, Best Banks for certain Groups Ranking

TrackBack's picture
Rank: Neanderthal | banana points 2,327

Just wondering about street perception on ranking the bulge brackets/elite boutiques across the major industry and product groups:

(As in which firms have the strongest groups for some of these)

M&A
Equity
Debt
Healthcare
TMT
Industrials
Consumer/Retail
Energy
Real Estate
LevFin
Financial Sponsors
FIG

My perception has always been that there's a lot of variation, with some groups considerably stronger or weaker at certain banks (even at the BBs), so I think it might be helpful for people weighing offers, trying to pick groups strategically, or looking to get into a particular industry/product and want a strong group.

Also which groups do you think are strongest (relative to the other banks, not in terms of which groups get the best deal flow, etc) at each of the BBs?

Investment Banking Interview Course

  • 7,548 questions across 469 investment banks. Crowdsourced from over 500,000 members.
  • Technical, behavioral, networking, case videos, templates. All included.
  • Most comprehensive IB interview course in the world.

Comments (42)

Apr 13, 2018

bump

Nov 25, 2018

Interested as well

Nov 25, 2018

Fairly sure CS Sponsors and BarCap NR are top groups of their respective industries

Nov 26, 2018

M&A - Morgan Stanley
Debt - Citi, Bank of America Merrill Lynch
Healthcare - JP Morgan
TMT - Goldman Sachs
Industrials - Citi
Consumer/Retail - GS, MS, Barclays
LevFin - BAML
Natural Resources - Barclays
Power & Utilities - Barclays

    • 6
    • 5
Nov 26, 2018

Out of curiosity, when Barclays is strong in a sector is it due to Lehman's legacy groups?

Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Nov 26, 2018

Yes, but certain rainmaking MDs have retired or left to do their own thing (re: Skip McGee). BarCap has traditionally been very strong (and they still are), but there are other shops that are now currently on equal footing with them on top of the hill (in Houston at least - not sure what other shops, if any, have a NatRes presence in NYC beyond Chemicals/Downstream activity).

Nov 26, 2018

NatRes and P&U, yes.

Barclays' CR team used to be the Credit Suisse CR team before they all left to BCS. Before then, Credit Suisse had a dominant CR team.

    • 1
Funniest
Nov 26, 2018

Jefferies takes the cake for natural resources

    • 7
    • 3
Nov 26, 2018

[deleted]

Most Helpful
Nov 25, 2018

To add a few more names:

M&A - Morgan Stanley, GS, JPM

Debt - Citi, Bank of America Merrill Lynch, JPM

Healthcare - JP Morgan, GS, MS

TMT - Goldman Sachs, MS, JPM, BAML, Qatalyst

Industrials - Citi, GS

Consumer/Retail - GS, Lazard, BAML, Centerview, JPM, Barclays

LevFin - BAML, JPM, CS

Natural Resources - MS, Barclays, GS, Citi, BAML

Power & Utilities - Barclays, Citi, GS

Generally, MS and GS are always at least top 3; and JPM/Citi/BAML are usually in the top 5/6 for every industry.

    • 9
    • 7
Nov 26, 2018

Well, this pretty much is dependent on location a well...

Nov 26, 2018

Here's a post I made earlier this year

lapike:

All of the below are based on either league tables, hearsay or my own prejudices. Feel free to dispute.

Consumer: JPM or Goldman or Barclays
Energy & Power: MS or Citi or Evercore
FIG: JPM
Healthcare: JPM
Natural Resources: BMO, RBC, Macquarie
Industrials: Citi or BAML or JPM
TMT: Goldman or BAML or JPM
Retail: Goldman
RGL: Goldman or JPM

Middle Market
MM Consumer: Lazard, followed closely by Houlihan, Baird, Blair
MM Healthcare: Jefferies and Piper, but Baird and Blair are nipping at their heels
MM Industrials: Baird by far
Place where my friends who went there are the happiest: SunTrust, TD
MM Restructuring: Houlihan
MM TMT: Jefferies, Blair, Baird - but this is a huge tossup depending on how you cut it.

    • 6
    • 4
Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Nov 26, 2018

What about sponsors groups?

Nov 26, 2018

Both Barclays and CS have great Sponsors groups. BAML is up there as well.

    • 3
Dec 2, 2018

Jefferies/CS are the best Sponsors groups and I don't think you'd find anyone really contesting that, Barclays/BAML/DB round out the top 5

    • 1
Nov 26, 2018

GS FIG is strong too

    • 1
Nov 27, 2018

GS FIG is unquestionably the best. JPM FIG really doesn't compete for the major deals. Would say that top three for FIG in order would be: GS, Lazard, JPM.

    • 2
Nov 27, 2018

Do you have any more info on GS and Lazard FIG? JPM FIG is mentioned a bunch on this forum, but havent heard much about the other two

Nov 26, 2018

What are the stronger CS groups besides sponsors?

Nov 26, 2018

Have heard good things about their LevFin group. Would love more info on them though

Nov 26, 2018

I'm more interested in the rep of their M and A and industry groups, if anyone has insights.

I feel like it is generally tough to have good LevFin and Sponsors groups, because only one would do modeling right?

Nov 25, 2018

What firms have the strongest Real Estate groups?

    • 1
Nov 27, 2018

GS

Nov 27, 2018

or MS

Nov 25, 2018

MS, GS, BAML, JPM

Nov 29, 2018

I think you forgot Restructuring. This is a significant practice too.

Nov 25, 2018

edit

    • 1
    • 2
Nov 25, 2018

HL, PJT, Lazard, Moelis

    • 3
Nov 29, 2018

William Blair = #1 in everything.

    • 2
    • 2
Nov 30, 2018

all you fake ass want to be bankers comparing banks....you will end up at DB and you will be chopping up those league tables to make DB #UNO

    • 2
    • 1
Dec 2, 2018

What are the different EBs known for

    • 1
Dec 2, 2018

How is the industrials group viewed? Is it a broad or specific sector? Are the exit ops good? Is it modelling intensive? Is the modelling/work specific to just industrials (or are there opportunities to move around since it's very open - unlike infra for example?)

Dec 2, 2018

I hear Piper Jefferies' M&M team is pretty good

Float like a butterfly, sting like the bee.

    • 1
    • 1
Jan 2, 2019

preface w the fact that i'm a student, but this what it appears they're known for but obviously have anoythr product they're good at:

Rothschild - Rx
PJT - Debtor Rx (RSSG)
HLHZ - Creditor Rx
EVR - M&A
MoCo - M&A
Lazard - ??
PWP - ??
CVP - ??

    • 2