Comments (20)

Jun 2, 2014

Most likely FIG or Industrials. Not sure how their deal flow compares to their NY counterparts though...

Jun 2, 2014

A lot of chicago groups are also more regionally focused than product or industry focused. What I mean is they have one catch-all "coverage" group for IBD and they work on anything and everything that's closer to their clients than a group in NY or San Fran can.

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Jun 2, 2014

Please ELABORATE. You mean some banks have only one group wtf? Can you give specific examples?

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Jun 2, 2014

I think you misinterpreted his response. Orangebull is saying that for many bulge bracket banks, their Chicago office is more focused on deals that happen to be regionally located in the Midwest and man many times work horizontally across products or industries. For example, the GS Chicago office could working with CAT on a carve-out that could involve its Industrials group and likely its Lev Fin if it also plans on financing the deal.

Outside of GS, the best shop in Chicago is William Blair.

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Jun 2, 2014

If interested in Chicago for IB or M&A definitely consider Lincoln International. They're based out of Chicago and these guys have been growing. Almost purely focused on M&A transactions.

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Jun 2, 2014

My experience from recruiting: No particular order within tiers

Top Tier: JPM (great industrials group), Citi (Head of North American M&A here poached most top guys from UBS, great Industrials team) Lazard (Restructuring head is there)
Middle Tier: GS (doesn't always execute, very small intern class(4)), MS (same size intern class (4), doesn't have the strongest group but they seem solid)
Bottom Tier: Barclays, Deutsche, UBS

I know that BAML and CS have practices as well but I'm not familiar so I won't rank. Greenhill also has a decent practice.

On the whole I'd say Chicago is about as good as SF if we were comparing their strength in industrials to SF's strength in tech. Both top notch regional places to work.

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Jun 3, 2014

Which tier is Greenhill? Are you familiar w Moelis' group there?

Jun 3, 2014

Moelis group is solid, but not as strong as LA or NYC.

Jun 3, 2014

Can anyone comment on Duff & Phelps Chicago office for IB?

Jun 3, 2014

Blair, Baird, Lincoln International, BMO are some of the banks that come to mind. GS has a FIG and Industrials practice in Chicago. Most BBs/large MMs only have FIG groups in Chicago.

Jun 3, 2014

GS has a solid FIG and Consumer and they do all execution in house. MS has an office, dont know how strong but I know one analyst went on to a top tier PE shop. Citi has a strong industrials presence and JPM has a pretty decent sized group and is strong in paper and forestry. Lazard also is solid in chicago.

Jun 3, 2014

pretty solid presence in Chi-town, esp the Consumer group

Jun 3, 2014
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