Comments (45)

Jul 21, 2011

BBH is considered by many to be a very blue-blooded bank (at least that's the sentiment I get from reading previous posts on WSO).

moneytree:

Highly WASPy. I believe they manage the Skull & Bones account, so that alone should speak volumes.

Jul 21, 2011

BBH has a small but loud-spoken and well-known FX research and advisory business. But that's supposedly only a small island in a mostly dull old-connection banking business.
Pay is below market. But they have very low (comparative) turnover and a relaxed (again, comparative) atmosphere.. They also don't stand out in their businesses- though exit opps are probably still fine I suppose since a lot of people still attach prestige to the name. Overall its probably a good place to work in every way but pay.

edit: oh one complaint I've heard twice is that that there is a lot of "dead weight" at the firm as a whole- meaning the low turnover leads to some people doing the majority fo the work and others in a group slouching around. I don't know what to make of that. I'm guessing its just not an "uber competitive" place.-- literally think of Patrick Bateman's firm in American Psycho (sans Patrick, of course) with a comparable pay (low six figures).

Jul 21, 2011
Seigniorage:

edit: oh one complaint I've heard twice is that that there is a lot of "dead weight" at the firm as a whole- meaning the low turnover leads to some people doing the majority fo the work and others in a group slouching around. I don't know what to make of that. I'm guessing its just not an "uber competitive" place.-- literally think of Patrick Bateman's firm in American Psycho (sans Patrick, of course) with a comparable pay (low six figures).

^ ja

Lots of people very connected to politicians, intelligence, etc... but it seems like it's fading. Firm is a pale shadow of its former bad assed history.

Aug 5, 2011
Seigniorage:

BBH has a small but loud-spoken and well-known FX research and advisory business. But that's supposedly only a small island in a mostly dull old-connection banking business.
Pay is below market. But they have very low (comparative) turnover and a relaxed (again, comparative) atmosphere.. They also don't stand out in their businesses- though exit opps are probably still fine I suppose since a lot of people still attach prestige to the name. Overall its probably a good place to work in every way but pay.

edit: oh one complaint I've heard twice is that that there is a lot of "dead weight" at the firm as a whole- meaning the low turnover leads to some people doing the majority fo the work and others in a group slouching around. I don't know what to make of that. I'm guessing its just not an "uber competitive" place.-- literally think of Patrick Bateman's firm in American Psycho (sans Patrick, of course) with a comparable pay (low six figures).

I got an offer from BBH in their S&T group last year it was pretty much on par with all the other offers I received offers from the BB's.

Jul 21, 2011

really shows how quick turnover could be in banking. used to be a top-class firm

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.

Jul 21, 2011
09grad:

really shows how quick turnover could be in banking. used to be a top-class firm

Their heyday was the 40's .............

Aug 5, 2011
09grad:

really shows how quick turnover could be in banking. used to be a top-class firm

Your kidding right?? Brown Brothers has always been a top notch bank and the placement I have seen for many of their bankers has been phenomenal. Its not a goliath like JP Morgan, although older, but everybody knows them on the Street for their prestigious name. They are as blue blooded as Wall Street gets bud.

Jul 21, 2011

You're using BBH as an example of quick turnover? Ever heard of Lehman Brothers?

:-p

Jul 21, 2011

i guess i meant more of the magnitude of the turnover rather than speed.

Oct 14, 2011

bump

Nov 18, 2011

bump

Nov 18, 2011

they arn't known for much M&A on the banking side however they just sold ZOLL to Asahi Kasei for like $2bn (healthcare / medical tech deal)

Nov 18, 2011

In terms of prestige, they cover the skull and bones money.

"...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident."

  • Schopenhauer
Nov 18, 2011

This article gives a good overview of BBH's recent history:

http://dealbook.nytimes.com/2012/03/12/in-zoll-sal...

Nov 18, 2011

They sent out an email today congratulating on making first round interviews and asking time preferences for phone interviews, then when I replied, said they had made a mistake and there was a "glitch in the system". So now I hate them.

    • 1
Nov 18, 2011

Same here, got the email too... are they even hiring this year or were we just the unqualified ones?

Nov 18, 2011

BBH is quite decent in FX and Global Custody/Fund Administration services. They also manage a couple of alternative funds (PE, Mezzanine) and if I recall correctly most of their funds offered by their Wealth Management unit are 5* rated by Morningstar (if that means anything..) . They're generally a very conservatively managed company and seem to focus very much on developing very close relationships with their clients. This (stubborn maybe) conservatism must have costed them to remain behind developments in finance, but they were not at any risk of bankruptcy as other more prestigious and bigger firms. Oh and they didn't proceed to harsh lay-offs in 2008-2009. Generally integrity and conservatism are at very high levels with whatever pros AND cons that entails.

Colourful TV, colourless Life.

Nov 18, 2011

However it is not well known that they began layoffs in 2012 thru 2013, mostly in veteran IT personnel in favor of cheap labor in Krakow Poland, who cares if it has the worst air pollution in the world as long as the partners can exploit the place to line their wallets.

Nov 18, 2011

Anyone else get an email today?

Nov 18, 2011

I also got that same email, and I don't think I even applied to BBH.

Nov 18, 2011

I received the same email saying to setup time slots. I already accepted a different offer but was wondering what they were like if it was good place to maybe go for ft recruiting.

Nov 18, 2011

bump

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 18, 2011

the glassdoor reviews are probably not for investment banking. they pay street, long hours. and all analysts work on their PE side as well. From an experience perceptive you will learn a lot. Not the best place in terms of culture.

Nov 18, 2011
OMS:

the glassdoor reviews are probably not for investment banking. they pay street, long hours. and all analysts work on their PE side as well. From an experience perceptive you will learn a lot. Not the best place in terms of culture.

So what's so bad about their culture?

Nov 18, 2011

Brown Brothers Harriman is the oldest, standing investment bank out there. So as you could guess, it's pretty stuffy. Everything is old / needs an update, and they're very conservative. What I mean by conservative is that even though they're a generalist shop, they only take deals that they are 100% sure on getting done. So much so that they typically invest in their own deals which makes them quite unique and also a testament to their longevity. Downside is they can't flex a balance sheet to lend money, and most of their deals are smaller / not as exciting as some homerun M&A trade you'd get at a BB.

Nov 18, 2011

It's Investment Bank is not the best, but as previously mentioned, you can apply to be an analyst on the PE Side as well, where you get exposure to both IBanking and PE work. That itself is a pretty solid experience, in addition hours are not too hectic in comparison with other firms. Also, wouldn't take Glassdoor as the measuring tool of the place, people either give very great reviews or bad reviews.

Nov 18, 2011
EightAceTres:

It's Investment Bank is not the best, but as previously mentioned, you can apply to be an analyst on the PE Side as well, where you get exposure to both IBanking and PE work. That itself is a pretty solid experience, in addition hours are not too hectic in comparison with other firms. Also, wouldn't take Glassdoor as the measuring tool of the place, people either give very great reviews or bad reviews.

So what's BBH's best division? PE? FICC?

Nov 18, 2011

Sounds like an old school merchant bank

Nov 18, 2011

merchant banking? i was unaware that brown brothers did any IB activities.. shit things u dont know

I'm making it up as I go along.

Nov 18, 2011

smitty- howd you hear the salary was low? i thought it was a new program?

or is that just a comment on bbh in general...

Nov 18, 2011

These guys will do coinvests and the like with other PEs and FoFs. Probably not a traditional banking experience out of college but worth looking into. You'd have the chance to work with plenty of other PE firms and maybe move on to a bigger place after a few years.

Nov 18, 2011

From what I've heard they use their private banking network to source deals and then serve as the M&A advisor/coinvest.

Nov 18, 2011

-

Nov 18, 2011

I can confirm that all of the above information is false. Have a very close friend working there - for the sake of protecting my identity, can't divulge much much more insight.

Nov 18, 2011

also interested

Nov 18, 2011

interested as well

Nov 18, 2011
Comment
Nov 18, 2011
Nov 18, 2011
Comment