Can anyone give me some Insights on Santander Corporate & Investment Banking?

I am in the recruitment process for an Investment Banking off-cycle program at Santander Corporate & Investment Banking.

I am well aware Santander is not a Bulge Bracket, but could be even considered as a second tier Bank? I know it is a pretty big bank, with a huge presence in Spain, UK, US and Brazil, but I don't know how important is its IBD division.
Does anyone have any experience working in IB at Santander? How is their deal flow? What is the size of their deals? What are the exit opportunities of Investment bankers at Santander? It is easy to lateral from Santander to BB or EB?

I don't have any alumni from my school at this Bank, that is why I am asking this here.

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Comments (35)

  • Analyst 2 in IB-M&A
Jun 4, 2020 - 1:33pm

Can't speak for anywhere else but at least in the US BNP/HSBC/Nomura is considered a tier 3 bank. Santander would be a tier 4 bank, thats how irrelevant they are.

  • Analyst 2 in IB-M&A
Jun 4, 2020 - 7:11pm

Don't want to make it a full blown rankings (god knows we have enough of that) but generally yes would consider those tier 1 followed by top MM / reputable boutiques at tier 2

Some on the other hand would label UBS/DB as tier 2. (Which I'd agree with)

Once again not for rankings but generally how people would view it

  • Prospect in HF - Event
Jun 4, 2020 - 7:36pm

Agree that Santander is probably a 'tier 4' bank or at least less known than BNP/HSBC/Nomura. . Also, I don't think I've ever seen the name anywhere except on an ATM once.

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Jun 5, 2020 - 2:11pm

It depends on the region you are referring to. In Brazil, Santander is strong (among top 5) as much as I know (consistent M&A dealflow).

Array

  • 1
Jun 14, 2020 - 10:24am

I have worked with a few people who had jumped from Santander. All I can say is they were the laziest people I ever met and looked like they were burnt out. The head of the group was from Santander and he was hiring runaways from his old firm. Also prepare to work with really obnoxious Spaniards. Their culture is pretty much no one leaves before your higher up even if you have no work at all. It's how it works in Spain too. They think spending all day at the office is a sign of a productive worker. Clearly it doesn't reflect on their economy or banks.

  • Analyst 1 in IB - Ind
Jun 14, 2020 - 10:32am

For traditional banking, pretty bad.

However, their treasury group ins Texas is one of the best places to go to if you're looking to learn about subprime consumer finance (auto loans/leases,etc). Their treasury group works on so many subprime auto loan and auto lease transactions that I'm sure you get to learn a lot about the consumer side. That group is a sweatshop, with long hours.

Jun 19, 2020 - 5:49am

I can send u the 2018 and 2019 league tables master excel file to see what deals they were a part of in the US.
I think that should more quantitatively answer your Q. what exactly is the role? can u copy and paste the job description?

Jul 3, 2020 - 6:03pm

Interested in seeing the league tables too

Array

Jul 3, 2020 - 6:06pm

Upgrade just got serioes funding from Santander helping FinTech space so this is relaly solid for the company. Making strides. YOu all know which bank did that? I can't mentino it but this is it.

Also, my wifi connection to this website sucks. MIght accelerate my leaving this website for good.

Can anyone give me some Insights on Santander Corporate & Investment Banking?

Will update my computer soon and leave Incognito so I will disappear forever. How did I achieve Neanderthal by trolling? Some people are after me so need to close account for safety.
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