Bulge Bracket 2015 Rankings

Here we are again. Another person has posted another useless post. But, I guarantee I am not the only one who is simple curious for shit's sake. Again, I am sure these mean nothing, but I (and I am sure many others) are just curious what others think and it would be cool to see how things vary depending on your background.

Now without further adieu, here are my rankings for the bulge bracket by NAME only (aka not by division or product etc)

1) GS/JPM
3) MS/BAML
5) CS/Barclays
7) Deutsche Bank
8) Citi
9) BNP Paribas (Even though not BB, consider it better than UBS)
10) UBS

Comments (83)

Apr 28, 2015

Apples and oranges.
For example:
Fixed income Barcap vs Equity at Barcap....
BNP structured products Europe vs BNP advisory New York

I don't even know why I bothered commenting.

    • 1
Apr 28, 2015

wow OP, so Piper Jaffrayish of you

Apr 28, 2015

Will someone from Citi run across no mans land, take a leap of courage and sling his faeces or will a GS comrade selfishly dump his excrement bucket on his MS ally for being mentioned in the same breath as if it were the French to the British? I don't know. Let the battle commence.

Apr 28, 2015

great list

Best Response
Apr 28, 2015

Solid list. Well thought out. 10/10. Will read to my great grandkids on my death bed.

    • 8
Apr 28, 2015

I would say goldman is tier 1a and MS/JPM more 1b

May 1, 2015

I would say Goldman is tier 1a i, while MS is Tier 1a ii, and JPM is 1b.

Apr 28, 2015

where's RBS on your ranking?

WSO's COO (Chief Operating Orangutan) | My Linkedin

Apr 28, 2015

In this day in age you need to include boutiques in rankings. Especially after Heinz-Kraft.

Robert Clayton Dean: What is happening?
Brill: I blew up the building.
Robert Clayton Dean: Why?
Brill: Because you made a phone call.

May 1, 2015

What is Goldman Sachs?

    • 2
May 4, 2015

In terms of OVERALL name brand, that ranking is more or less on the mark. But it's irrelevant since you should care about your specific group.

May 4, 2015
MBAGrad2015:

In terms of OVERALL name brand, that ranking is more or less on the mark. But it's irrelevant since you should care about your specific group.

I agree completely. But I was just curious more about how people did think in overall brand. How would you change my rankings?

May 4, 2015

Who gives a shit? Get that money & move on to the next.

May 4, 2015

ado not adieu

May 8, 2015

There's really no need to comment on this, but I'm absolutely sure a sophomore or freshman will look at this and take it face value. (And hopefully not take BNP over UBS).

So, for the sake of those guys here's in my opinion a more informed "ranking" to CONSIDER only, NOT to 100% follow. For all those reading out there, it depends on group, location (London/NYC/SF/etc), etc. But seriously, having interned at a BB and did FT recruiting, I would not recommend taking OPs ranking into account.

1) GS/MS
1a) JPM (arguable, seen some peers take over MS)
2) CS
2a) BAML (arguable, seen peers take over CS)
3) Citi/Barclays/DB
4) UBS

You can look at M&A/IPO league tables etc all you want, but historical reputation, group placement, and past calibre of analysts should still be the main emphasis. CS might be 12th on the league table today and have been behind BarCap, but CS guys have even in the most recent cycle placed noticeably better than BarCap even though they have been trailing them league table wise for a while now. (Also have to take into account CS as a whole is more lean than even say BAML, etc). And exit opps are ultimately what it comes to. (As seen in BX > Everything)

Basically, it depends.

    • 1
May 8, 2015

GS

..

HUGE GAP

.....

GS TECH

....

HUGE GAP

....

Morgan Stanley MA
JP Morgan IBD
Credit Suisse IBD
Citi IBD
Douche Bank IBD
Barcap IBD
BAML IBD
UBS IBD

May 8, 2015

Hahah I love how you kept Douche Bank's spelling.

May 8, 2015
dukeofduke:

I want you to rank them!

Goldman Sachs
Morgan Stanley
JP Morgan
Credit Suisse
Citi
Douche Bank
Barcap
BAML
UBS

Get ready for a bunch of losers aspiring to get BAML/UBS jobs come in here and complain about rankings being "meaningless." Yeah, sure bet you'd think that if you were at GS/MS.

This is retarded.
Are you really saying that there's that much of a difference between Credit Suisse and Citi?
If this post is even in the slightest bit serious, you're much better off with having 3 or so tiers rather than an outright ranking.

May 8, 2015

Don't feed the trolls. It's hopeless.

May 8, 2015
A Posse Ad Esse:

Don't feed the trolls. It's hopeless.

This.

May 8, 2015
bankersa329123:

1. Goldman Sachs
2. Morgan Stanley
3. JP Morgan
4. Credit Suisse
5. Barclays
6. Deutsche Bank
7. Citigroup
8. BAML
9. UBS
10. Lazard

Lazard under BAML and UBS. Oh my god you guys are so freaking funny.

May 8, 2015
May 8, 2015
DoingGod'sWork:

1. UBS
2. Barcap
3. Citibank
4. BAML
5. Deutsche Bank
6. Credit Suisse
7. Lazard
8. J P Morgan
9 Morgan Stanley
10.Goldman Sachs

i see what you did there

May 8, 2015

Gotta go with tiers.

Tier 1 - GS, MS, elite boutiques (not Perella. Not sure where they fit in)

Tier 2 (more like a 1b) - JPM, CS

Tier 3 - Citi (arguably tier 2), BAML, Barcap, UBS, DB

May 8, 2015
  1. UCONN
  2. UK/UNC Winner
  3. Butler
  4. VCU

Ranking banks is so dumb, but definitely something I would expect from a Dukie

May 8, 2015
TimothyBryce:

1. UCONN
2. UK/UNC Winner
3. Butler
4. VCU

Ranking banks is so dumb, but definitely something I would expect from a Dukie

You are mistaken. I go to a target (Harvard, Princeton, Wharton - I consider the rest to be semi-targets or non-targets). I just happen to be considered royalty at Duke because of the large donations my family gives them.

May 8, 2015

I'd put Citi above CS.

Goldman Sachs
Morgan Stanley
JP Morgan
Citi
Credit Suisse
Douche Bank
Barcap
BAML
UBS

Or if we go Tiers then:

Tier 1: GS, JPM, MS
Tier 2: Citi, CS
Tier 3: BAML, Barcap, DB, UBS

May 8, 2015

tollolollololol

"Have you ever tried to use a chain with 3 weak links? I have, and now I no longer own an arctic wolf."
-Dwight Schrute

May 8, 2015

Not only is this a dumb discussion, but it's a dumb discussion that this board seems to have every week... WTF is wrong with you people?

May 8, 2015

Closing thread. Dukeofduke, either stop trolling, get better at it, or I'm going to ban you.

May 8, 2015

1-3 and 9 will be the same for anyone. the others are pretty similar. (would personally have DB/Barclays/UBS as bottom three though).

May 8, 2015

Not sure, I would put Barclays higher up there, Citi lower, BAML lower unless you're M&A

May 8, 2015
    • 1
May 8, 2015
May 8, 2015

It depends on location. IE DB is much stronger in Europe, but much weaker in NYC. In New York, it's pretty much impossible to think of bulges by pure rank, as it's highly group centric. ie, Citi M&A is probably better than almost all the groups at Barcap, but the same can't be said on average. I'd say the ranks you posted are relatively accurate if you consider the top group only. In aggregate though, it's much easier to bundle in tiers. On the same tier, you should definitely pick on group and not on prestige. For NYC, it's more like

GS
|
MS JPM
|
|
CS
Citi, BAML, Barcap
DB
|
|
|
UBS

May 8, 2015

WOW AWESOME GREAT.

What did this accomplish?

"Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.

    • 1
May 8, 2015

1) Goldman Sachs
2) J.P. Morgan
3) Morgan Stanley
4) Bank of America Merrill Lynch
5) Barclays
6) Credit Suisse Group AG
7) Citigroup
8) Deutsche Bank
9) UBS

I am skeptical about who actually works in banking here. I would rank J.P. Morgan and Barclays higher. J.P. Morgan has been killing in fees over the last few years and has generated the most fees across all products. Both banks are top five across all regions in terms of announced deals. It is true that fees/deal are lower for Barclays but the fact that Barclays have the ability to win deals is a testament to their growth in the U.S. over the last few years.

    • 1
May 8, 2015
Powa23:

1) Goldman Sachs

2) J.P. Morgan

3) Morgan Stanley

4) Bank of America Merrill Lynch

5) Barclays

6) Credit Suisse Group AG

7) Citigroup

8) Deutsche Bank

9) UBS

I am skeptical about who actually works in banking here. I would rank J.P. Morgan and Barclays higher. J.P. Morgan has been killing in fees over the last few years and has generated the most fees across all products. Both banks are top five across all regions in terms of announced deals. It is true that fees/deal are lower for Barclays but the fact that Barclays have the ability to win deals is a testament to their growth in the U.S. over the last few years.

This, although I might swap CS with BAML.

May 8, 2015

Credit Suisse has been killing it as well, hence why I ranked them 4th.

May 8, 2015

lol

May 8, 2015

Re: CS killing it this year - no they havent. Have you seen the league tables this year?

Either way this thread is stupid. For PE MS and GS generally have a premium above all other banks with JPM a distant third. After that it just depends on what group you work at.

    • 1
May 8, 2015

bahahaha... 5 Greatest Rappers of all time

Dy-Lon

Dy-Lon

Dy-Lon

Dy-Lon

&

Dy-Lon

That is how I feel about this topic... Cuz I spit hot fire. And this topic is stupid... Centerview is the new gold standard of bankers and their paychecks back it up

Oh and Piper is making a run for it

    • 3
    • 1
May 8, 2015

Prestige rankings are pointless. Its more critical to be in a top group at that particular investment bank. Having said that my rankings are on a global perspective.

1. GS
2. MS
3. JPM
4. CS
5. Citi
6. DB
7. BAML
8. Barclays
9. UBS

May 8, 2015

Is Barclays that low? I've always imagined that it was near CS in terms of prestige?

May 8, 2015

great thread, i must GS or bust now

May 8, 2015

"Prestige rankings are pointless. Its more critical to be in a top group at that particular investment bank."

Completely disagree. Top banks matter since they lead to exit ops outside of just investment banking. You are far better off approaching an Apple/Google/GE/IBM recruiter with a top bank on your resume.

For PE, they may look at the group. But in just about every other exit opp, they do not care about the group anywhere near as much. Private equity has probably become less of a focus since its attractiveness has gone down, so individual groups may matter even less now than previously.

    • 1
    • 2
May 8, 2015

Lol

'Before you enter... be willing to pay the price'

May 8, 2015

Why don't you get a job in the field before you start acting like you know everything?

May 8, 2015

BUMP :)

    • 1
May 8, 2015

1) Goldman
2) JP=MS
4) BAML
5) Credit Suisse
6) DB
7) Deutsche
8) Barcap
9) UBS

This is my preference for where I'd want to work for IBD.

    • 2
May 8, 2015

Forgot Citi and DB = Deutsche

?

May 8, 2015
crimsontide:

1) Goldman

2) JP=MS

4) BAML

5) Credit Suisse

6) DB

7) Deutsche

8) Barcap

9) UBS

This is my preference for where I'd want to work for IBD.

lmao

May 8, 2015

whoops. Deutsche should read Citi haha.

May 8, 2015

1. GS
2. MS
3. JPM
4. BAML
---
5. Barclays
6. Citi
7. CS
8. DB
---
9. UBS

Writing this from my perspective European IBD employee. GS is obvious no.1 looking at the prestige with MS just behind. JPM and baml are doing well in overall fee's and feels like both are growing quite a lot, looking to attack the top. Barclays is for me the European giant in IBD and I feel like they have quite a lot going on at least in Europe.

The surest way to make a monkey of a man is to quote him.

    • 1
    • 1
May 8, 2015
ModernMonkey:

1. GS

2. MS

3. JPM

4. BAML

---

5. Barclays

6. Citi

7. CS

8. DB

---

9. UBS

Writing this from my perspective European IBD employee. GS is obvious no.1 looking at the prestige with MS just behind. JPM and baml are doing well in overall fee's and feels like both are growing quite a lot, looking to attack the top. Barclays is for me the European giant in IBD and I feel like they have quite a lot going on at least in Europe.

I'd say I agree your rankings the most. CS had a terrible year, let's just hope they can get back from that.

    • 1
May 8, 2015

http://fn.dealogic.com/fn/MARank.htm

Global Announced M&A Ranking - 01 Jan - 30 Dec 2013

Pos. Advisor Value $m No. %share Previous YTD
1Goldman Sachs 718,127 362 24.8 1
2JPMorgan 664,372 276 23.0 2
3Morgan Stanley 598,974 307 20.7 3
4Bank of America Merrill Lynch 547,418 241 18.9 8
5Barclays 475,669 211 16.4 5
6UBS 335,716 187 11.6 10
7Deutsche Bank 293,100 190 10.1 7
8Citi 287,148 217 9.9 4
9Credit Suisse 225,910 232 7.8 6
10Lazard 209,866 208 7.3 11
11Guggenheim Partners LLC 159,090 12 5.5 141
12Moelis & Co 147,148 92 5.1 22
13BNP Paribas 139,852 113 4.8 15
14Rothschild 129,780 213 4.5 9
15Centerview Partners 105,853 27 3.7 18
16Evercore Partners Inc 96,979 125 3.4 13
17RBC Capital Markets 84,944 139 2.9 14
18HSBC 67,860 71 2.4 17
19Wells Fargo Securities 66,814 62 2.3 29
20Jefferies LLC 60,487 118 2.1 16
Subtotal 1,805,868 2,252 62.4
Total 2,892,803 37,030 100.0

    • 3
May 8, 2015
mossy695:

http://fn.dealogic.com/fn/MARank.htm

Global Announced M&A Ranking - 01 Jan - 30 Dec 2013

Pos. Advisor Value $m No. %share Previous YTD

1Goldman Sachs          718,127         362         24.8 1

2JPMorgan          664,372         276         23.0 2

3Morgan Stanley          598,974         307         20.7 3

4Bank of America Merrill Lynch         547,418         241         18.9 8

5Barclays          475,669         211         16.4 5

6UBS          335,716         187         11.6 10

7Deutsche Bank          293,100         190         10.1 7

8Citi          287,148         217           9.9 4

9Credit Suisse          225,910         232           7.8 6

10Lazard          209,866         208           7.3 11

11Guggenheim Partners LLC           159,090           12           5.5 141

12Moelis & Co           147,148          92           5.1 22

13BNP Paribas           139,852         113           4.8 15

14Rothschild          129,780         213           4.5 9

15Centerview Partners          105,853           27           3.7 18

16Evercore Partners Inc             96,979         125           3.4 13

17RBC Capital Markets             84,944         139           2.9 14

18HSBC            67,860           71           2.4 17

19Wells Fargo Securities             66,814           62           2.3 29

20Jefferies LLC             60,487         118           2.1 16

Subtotal        1,805,868      2,252         62.4

Total      2,892,803   37,030       100.0

cuz m&a fees mean everything lol nevermind ecm/dcm/other products

speed boost blaze

May 8, 2015

I usually go by sexy deals. For example, the sexiest deals are usually swooped by GS/MS (although MS has been getting shafted more and more after FB).

Then I would say JPM grabs the next/same tier of sexy.

It drops off steeply, but CS had quite a few this year. (e.g. Nieman earlier this year)

BC gets some pretty tasty ones in their industrials sector. (I think I remember seeing Boeing)

BAML usually gets its hands on a little bit of everything, and even wins main underwriter on an extremely nice deal once in a while.

DB is huge on anything with large debt and dealing with bonds.

Haven't seen a TON of Citi this year, but that doesn't mean they're falling by any means.

UBS is downgrading its IB so...

That's my view of the BBs after this year. I don't like ranking them one-by-one, but instead just know what's been going on.

May 8, 2015
Joshua93:

I usually go by sexy deals. For example, the sexiest deals are usually swooped by GS/MS (although MS has been getting shafted more and more after FB).

Then I would say JPM grabs the next/same tier of sexy.

It drops off steeply, but CS had quite a few this year. (e.g. Nieman earlier this year)

BC gets some pretty tasty ones in their industrials sector. (I think I remember seeing Boeing)

BAML usually gets its hands on a little bit of everything, and even wins main underwriter on an extremely nice deal once in a while.

DB is huge on anything with large debt and dealing with bonds.

Haven't seen a TON of Citi this year, but that doesn't mean they're falling by any means.

UBS is downgrading its IB so...

That's my view of the BBs after this year. I don't like ranking them one-by-one, but instead just know what's been going on.

Another flaw in this site are aspiring Summer Analysts like yourself repeating what others have told you.. UBS is not downgrading their Investment Banking Division you dumbass. They are cutting FICC of S&T, which is PART of the Investment Bank, hence the confusion. Advisory and IBD are not changing at all in UBS, so people need to get their facts straight on this board.

    • 1
May 8, 2015

LOL...I usually go by talent. And by talent, I'm talking about females.

May 8, 2015

The first response was probably the best. Top 3 are top 3, UBS is the worst. Among the rest, it is group / geography / culture / fit / opportunity dependent

May 8, 2015

Can't we all just be friends?

    • 1
May 8, 2015

So wait, what are the top 10 BBs ranked?

May 8, 2015
May 8, 2015

Ahhh pre$tige.

We all know guys at top shops that are bloody miserable and the whole prestige factor diminishes over a period of time but from an European 2 pence perspective, if you want to see who has the biggest penis, I'd go with ModernMonkey's list.

1. GS
2. MS
3. JPM
4. BAML
---
5. Barclays
6. Citi
7. CS
8. DB
---
9. UBS

May 8, 2015
Comment
May 8, 2015