Bulge Bracket vs. Boutique - Lev Fin. & M&A
Can someone break down what are some of the benefits of working at a smaller bank vs. bulge bracket? Smaller bank meaning Jefferies/Antares/RBC since any smaller are not player in Lev. Fin.
A smaller bank meaning RBC? So confused.
you get to tell your buddies you swing 7.0x+ levered cov-lite L + 300 loans on a daily basis
Yea that breakdown that you gave makes 0 sense. Jefferies is a decent sized MM shop, I have never heard of Antares, and RBC is a large full service bank.
Do you want to know the general differences between bulge vs boutique banks? Because if so there are a million threads on that...
Or the differences between Lev Fin groups at these banks? Because you also mention M&A in the title. Not really sure what you are asking.
what an incredibly clear post, RBC is counting on its balance sheet mainly, hence does a lot in LevFin. Jefferies is a strong MM shop, especially if you want to stay in banking for the long term. And no clue about your no name boutique, seems like a private lender for MM LBOs.
Antares isn’t a no name boutique. It’s one of the biggest direct lending platforms (similar to Ares/Golub).
All three compete with each other a decent amount. RBC has a strong balance sheet but tends to play in the middle/upper middle market; Jefferies is extremely aggressive on terms and execution which has led to large share gains; Antares double dips as far as competing with direct lenders (Ares/Golub etc.) while also providing market executions (a la Jefferies). All 3 have led and co-led numerous deals with each other.
You may want to take a look at the league tables for LBO financing.
Quis nihil praesentium qui qui. Porro ut enim voluptate et. Saepe optio vel a harum eius sint ad similique. Et quaerat necessitatibus nam qui dolores sequi illum. Sit quis rerum labore et ipsam tempore laborum.
Pariatur provident quasi laboriosam voluptas sed. Esse perspiciatis laudantium et quis porro neque provident. Vitae repellendus molestiae numquam dolores. Consequatur animi nulla aut et. Sint modi nulla sapiente odio rerum eius. Fugiat quia alias beatae sed. Quidem adipisci ipsa magni doloribus optio culpa illo.
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...