Best IBD Group on the Street?
I was wondering what you all think is single best coverage/ product group around The Street. I've heard that MS M&A or GS LevFin are the two best... thoughts?
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MS M&A, GS TMT....
but fyi, MS M&A is kinda sucking this year in terms of fees, and GS LevFin is a very mediocre LevFin team.
GS FIG, GS TMT, MS M&A, Blackstone M&A
IN addition to those CS LevFin is excellent.
If you want LevFin, BAML and JPM are top. CS is top FS.
Also, stop asking dumb questions. There are a lot of really good groups. If you can land in one of the top 3 groups for a particular industry, you should be happy.
GS TMT, GS FIG, and MS M&A get the very first crack at the big-time buyside gigs and these groups are the first ones to get called up by HH. Not BX M&A, not GHL/EVR, and certainly not CS Sponsors or BAML anything.
In that vein, where do you put other groups in GS/MS that are less renowned, but still top by firm standards, relative to BX M&A, EVR etc...
between GS TMT, GS FIG, and MS M&A there are what, like a total 30 new FT analysts per year MAX?
And of those 30, I'd bet at least 10-15 have pretty solid connections in the industry prior... (or those that are die hard finance).
Anyway, point is, yes they may be the "best", but once you put it into perspective and step back from mindless competition (which often is a result of personal insecurities), it DOESNT matter in the long run.
Whoever leads a HAPPIER, more FULFILLING life wins, and I'm willing to be my bottom-nickel that if you took a poll of life-long investment bankers/finance-types, virtually no one will say "The absolute HIGHLIGHT of my life was working at KKR".
Lol at these retarded posts. I completely agree with a poster above - if you can get into a top three group in the industry, that is all that really matters. Picking a group based on probability of an exit opp is dumb. I did the same thing, and it was unfulfilling.
Pick a group or bank that you enjoy working for so that you actually perform well.
If you only care about exit opportunities, you're better off in a shitty group at GS/MS than a good group pretty much anywhere else.
how does GS FIG/TMT MS M&A compare with Lazard, Blackstone, Evercore, Greenhill?
Would Lazard / BX M&A be worse than those three groups and better the other GS/MS groups for private equity?
and Evercore / greenhill be slightly worse than GS/MS in general?
It's better to be the best analyst at a lower tier bank than a crappy analyst at GS/MS.
Probably relatively equal. A crappy analyst at GS/MS will still have headhunters falling over themselves to get him in front of every PE firm. Analysts at lower tier banks need to be much more proactive and, even then, the brand name of your bank could work against you.
Just look at profiles online of pe associates. The people saying that the worst gs analysts are better off than the stars at other BBs are pretty obviously wrong.
Tennis11-->I don't think people were thinking of other BBs when referring to "lower-tier" banks.
Yes they were. The kids on this forum get boners for GS and MS. They just get slightly turned on by JPM, and the rest of the BB's make them want to vomit. Shit is weird if you ask me.
Top IBD Groups Across The Street (Originally Posted: 04/26/2015)
Let's get an updated 2015 list of best groups at the bulge bracket investment banks.
Goldman Sachs: Morgan Stanley: JP Morgan: Credit Suisse Citigroup: BAML: Barclays:
Also, let's not forget about the boutiques.
Maybe? GS: TMT/FIG/NatRes/HC JPM: M&A/HC/LevFin/Sponsors (tho no associates)/Industrials MS: M&A/Tech/Media/Transport or Sponsors CS: Sponsors/Healthcare/M&A/TMT BAML: LevFin/Industrials/M&A Citi: M&A/Industrials/Consumer Barc: Power/NatRes/TMT/FIG or cons. retail
no pls let's not
I used to think these lists mattered. In reality, here's how it works: You apply everywhere. You get some interviews. Hopefully you get an offer or two. If you have multiple offers it might be tricky. If not, you're at one bank. In general, you'll probably have a good idea about which offer you like more if you have multiple. If you don't, luckily you would have meant numerous people networking and interviewing, and also you would be able to talk with whomever you pleased.
The moral of this post that I'm too lazy to flesh out. Get an offer. Talk to the people at the bank. In my experience, people are pretty honest about top groups. Any alum at the firm can tell you what's best. Beyond your own personal experience, does it really matter if some people on the internet think JPM HC is better than MS GPUG?
^agreed plz not again
Is there supposed to be something after the colons for the BBs? Nonethless, useless...
Top IBD Groups (Originally Posted: 01/28/2007)
What are generally regarded as the top specific groups within IBD across the industry? I did a search through the forum and wasn't able to find a topic that really addressed this, so any insight is appreciated.
I believe that product groups are generally well regarded. In terms of industry groups, it really depends on individual firm.
Product groups: M&A, Leveraged Finance, Financial Sponsors
*Note that ECM, DCM are generally not that prestigious even though they may be product groups.
Firm Specific Groups:
GS: TMT, Consumer (Generally every group is strong)
MS: M&A, Sponsors, Real Estate, (Generally every group is strong)
ML: Leveraged Finance, M&A, Healthcare, Real Estate, FIG
JPM: Leveraged Finance, M&A
CS: Technology, M&A, Leveraged Finance, Sponsors
UBS: M&A, Healthcare, Consumer/Retail, Media
Lehman: Consumer/Retail, Energy & Power
Citi: M&A, FIG
I'm assuming this is a bulge list?
Lehman Consumer/Retail was a good call not many people talk about. After their team deflected from CS they have dominated.
MS Tech is also very good.
CS Healthcare in SF is also good.
ML LevFin, ML Healthcare, JPM M&A, UBS Consumer/Retail should not be on there.
ML LevFin hasn't proved shit, ML Healthcare is a joke.
JPM M&A - who needs commercial bankers for strategy? Not most CEOs
UBS - Consumer/retail used to be the shit until Blair left and took all the Bankstars with him.
GS and MS in LA aren't good at all.... GS media is a joke.
"ML LevFin hasn't proved shit, ML Healthcare is a joke."
You must be kidding. ML HC is arguably the hottest industry coverage group on Wall St. over the past year and a half. Their MDs are a HC Banking All-Star team, and the group head is the Don Corleone of HC Banking.
Financial Sponsors is really an industry group I think. They cover the industry of private equity.
depends on the bank. At UBS and CS, for example, they do their own LevFin execution. So it becomes both, essentially.
in NYC is the shit...they advised on HCA deal and Boston Scientific/Guidant merger last year.
Best group at BofA anyone? Either US or EMEA?
Official Rank the IBD groups Thread! (Originally Posted: 04/19/2010)
Since we all love rankings i thought i make an ibd group ranking thread on all the groups. some of you know i'm at a bb in nyc this summer so this will only include bb groups and not boutique ones such as restructuring. obviously some groups like GS TMT are the best but this will include all banks so its just an overall average ranking and not bank specific such as gs tmt being #1 in GS
I think it goes
i know some banks split fs and lf so i dunno how to rank them separately since my bank combines it.
you are a fool
This list might be a bit more useful if it were bank-specific. Otherwise, it really has no significance...
You are a fucking idiot. The sad thing is some clueless junior might see this someday and might actually start believing this shit. Have you ever worked in banking? Can you think beyond PE exits? Just because everyone is doing it, you want to do it.
Chasing prestige will never make you happy. Constructive advice to all those going to be interns this summer: stop thinking you are going to be doing something prestigious. You are going to be a fucking monkey, that's it. if you always think bout rankings and prestige, it's going to show in your attitude on the job and to be honest no one wants to work with tools like that. Get your head out of your ass, you don't even have a job, you are not even a fucking intern yet. Please stop acting like a complete authority on banking.
Groups depend on the bank, not based on some college kid's ranking of the ENTIRE fucking Street grouped together.
I agree. a mentor who i respect alot who worked in Morgan Stanley M&A for 2 yrs before doing asset management and now going to HBS in fall told me this:
Don't need to follow the crowd to succeed. Take a look at rockstars in finance. None of them did what you (and many banking analysts) consider 'cool' - doing banking for a few years then private equity. Buffett is in his own world, schwarzman made partner at lehman (with an MBA), kravis at bears, rubenstein was a lawyer, John Paulson did consulting/banking for many years before trading.So, take it easy and choose the path that fits you best.
well it seemed your mentor did well because of being in M&A, which is top ranked. however i heard recently that perhaps sponsors/levfin is better for PE exits? which of the two deserves the top rank?
Do what you love, and love what you do.
Fixing in your mind what is "best" or "prestigious" limits your ability to see the novel and untrodden path. Take a risk, and who knows, you might just realize what someone else thinks of you doesn't really matter at all.
Forestry is the best, most prestigious group anyone can get.
excellent.
I heard the underwater group has a lot of momentum though. Perhaps the exit opps will be better than forestry within the next couple of years.
not surprised this is the kind of talent ubs is recruiting nowadays, insecure and pure dumb. bank's going down.
no hate but can anyone tell me about PE exits from sponsors vs. M&A? Sponsors you deal directly with PE but M&A seems like the bread and butter group.
If you buy the WSO guide, it states that 46.3% of people surveyed that worked in sponsors groups entered PE after their analyst program. It also stated that 62.9% of M&A bankers entered PE after their program. Clearly, the only route to go in banking is M&A.
please just die, iphoned.
which guide is this?
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