What is the overall perception of investment banking Latin America coverage groups at bulge brackets (JPM/BAML/Citi/CS)? Which are the strongest? How are the exit opps into PE/VC or HF?
I am from the region and am thinking of interning at one of these.
| +222 | Coverage Banking is Paradise | 28 | 23m |
| +89 | London Recruiting is Paradise | 35 | 2h |
| +75 | My Motivation Is At An All Time High | 13 | 2d |
| +54 | Are Canadians still get jobs in the US? | 39 | 3h |
| +36 | Is 7 years in banking enough to retire, or am I delusional? | 23 | 1d |
| +30 | MM IB --> NYC IB? | 16 | 16h |
| +29 | Do actual investment bankers despise IB TikTokers as much as I think they do? | 17 | 1h |
| +24 | Negotiating VP Sign-On Bonus (NOT Tied to Deferred Comp)? | 21 | 23h |
| +24 | Should I escape the matrix | 3 | 2d |
| +23 | Lawyer moving into Banking | 19 | 48m |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I would say Citi->JPM->BAML. Interviewed with all 3 for LatAm in the past year or so, gonna assume not much has changed.
Thanks! Do you know about exit opps there, both to PE/HF and business school?
Dont really know too much about exit opps. I know a guy who went to a top 20 MBA and another who went on to do project finance based in LatAm. Sorry I cant help much more than that.
I'm currently in LatAm M&A at one of the BBs. All have a very respectable presence in the region, but based on M&A deal flow in the last couple of years it would be BAML > JPM > Citi > CS.
Exit opps into PE from LatAm groups are good if you develop a strong modeling skill set during your analyst stint. Try to get some solid live M&A experiences and you will be well positioned.
Do you need to be bilingual or have a background from the countries that they cover?
You do usually have to speak either Spanish or Portuguese to be considered, but it's not necessary to be from Latin America.
From a local perspective: JPM has a more solid presence here. Citi is leaving most markets in the region (*they should maintain some coverage but leaving location might reduce a little bit the exposure). CS has a very good presence especially in Brazil. If you're based in the US, I honestly have no idea but would say JPM as well.
bump
LATAM groups at BBs (Originally Posted: 10/03/2010)
Hi,
I'm a junior at a target ivy, majoring in econ and I have lived/studies/interned in Latin America. I speak portuguese and spanish fluently. After college I want to stay in the city for a couple years, and eventually settle in Brazil. I'm interested in interning at a Latin America group (IB) in a BB, but I'm not sure which are supposed to be the best options. I heard JP Morgan and Credit Suisse are top players, UBS is sort of decadent and Goldman is not that focused on the region. I found a lot of info on this forum but I guess most of it has to be updated... Can you please give me some advice regarding this? And if someone worked/interned in a latam group, please contact me!
Thanks,
LF
bump
CS kills it in LatAm. They have a standalone LatAm M&A group that does very well too. Hours are rough.
What about Citi or BAML?
don't JPM and Deutsche also do very well?
Voluptatem magnam placeat id est praesentium aut. Perspiciatis est itaque accusamus asperiores qui id. Aut commodi qui eum ad enim omnis. Veniam autem placeat vel neque. Similique occaecati dolorem vero non minima incidunt.
Nesciunt quidem quo amet sed velit sit tempore nisi. Accusamus nihil rem laborum sit reiciendis aut. Perferendis aspernatur eaque tenetur assumenda. Omnis et est incidunt dolore eos sunt ut. Recusandae explicabo debitis atque voluptatem nam quos. Eum ipsam id voluptatibus non iste laborum cumque.
Cupiditate earum doloribus eum ipsam qui. In facere et id debitis aperiam ut temporibus. Sequi sit occaecati animi perspiciatis est. Facere exercitationem ea consequuntur dignissimos.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...