Can someone rank these offers FT IB 2022 Need advice.
I need help, would you guys please rank/gauge these offers I received? These are all for FT Analyst Class 2022 NYC. I am a college senior (Not lateral hire)
My offers were:
SMBC
Edgemont Partners
Mizuho
UBS
DB
RBC
Stifel
All offers are general (Edgemont is healthcare only though). My #1 desired group for any firm is tech and then I eventually want to do either corp dev/strategy at a tech firm or tech PE or VC, mostly leaning towards PE though.
Leaning towards RBC as I've read they had the best culture by far out of all the offers and I genuinely REALLY liked my interview process (thought everyone was so chill and cool). However, I don't want to restrict myself and pick wrong and screw myself of exit ops just for the culture/easier hours.
DB > UBS >>> RBC >>>> all else
DB > UBS only holds true for TMT (which is what you want), otherwise they're pretty much equal with UBS having a slight edge.
Thank you for the response. I understand the other 2 have BB name, but I was under the impression RBC did not lag too far behind at all (especially upcoming 2022). Is the prestige difference really there? I liked the group a lot and am heavily leaning towards picking on culture vs prestige unless it is massive.
If you loved RBC, go with it. I'd maybe give UBS a slight edge in TMT, but honestly it's not like you're turning down LionTree for RBC.
Banking is a slog and liking your group is more important than a 0.1% difference in prestige which is what we are talking about here.
Thank you. Others already in the industry I spoke with agreed that the prestige difference amongst the 3 (RBC DB and UBS) is not enough to make me take a group that I vibed way less with, so you obviously agree the prestige difference is minuscule?
Only fractional differences between the three names at this stage. While DB / UBS may have the branding edge, they're clearly not what they were 15 years ago. 15 years ago, RBC was nowhere by comparison. What RBC does have going for it is that it's highly stable as an institution. Go for the team you liked best.
I think one important thing to note here is if you have networked with the tech teams at these banks at all. FT hiring is often group dependent so it would be best to ensure that the tech team at the firm you choose has headcount and it would be even better if you have already built a connection with the group
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Nice that you have edited the comment to make it seem like you are being somewhat helpful. Imagine being that much of a loser in this life that you have nothing better to do than shit anon on other people offers. Way to go kid
This guy is a prick but I found the edit funny ngl
I would NOT go to RBC for Tech. They just lost their whole senior team and they also only historically do financing deals with their balance sheet.
this is pretty accurate (I work at RBC but not tech). They make a good amount of revenue but a lot of financing and had a senior exodus but so did a lot of banks. That said, it's a pretty chill group for tech.
Hey, do u mind if u PM me so I can learn a bit more about your firm and group? Thanks.
They just brought over the group head from CS tho
I c that the debate in the above comments are between DB, UBS, and RBC. Although RBC may not be a BB (and some may argue neither are DB and UBS anymore), RBC probs has the best culture (most chill, laid-back, etc.) and is the only bank that is on an upward trend whereas DB, UBS, and pretty much all the European's (Barc, CS, HSBC, etc.) are going downhill. RBC started it's IBD around post-2008 and expanded aggressively to shoot up from T30 to roughly T10 (at least in terms of balance sheet size and market cap and even certain league tables) in the last decade. However, u did mention u wanted to be placed into a tech group which RBC is not the strongest in (a lot of senior leadership recently left, tech group head left, ex-CS tech group head I think is the new RBC tech group head, also TMT is split into separate CME and Tech groups (still share the same floor though along with the FIG and M&A kids) and heard the tech group is downsizing headcount lately so CME group has to cover the tech group's ass on a lot of deals). DB probably follows second in terms of culture (pretty chill, not too bureaucratic) and has a fairly decent TMT group although I believe that their LevFin group is still their bread and butter (also, they moved their office from FIDI to midtown like 2 months ago if location matters to u). As for UBS... not even gonna bother roasting. I don't work at any of the above mentioned banks (miss me with that "Angry RBC, DB, etc. pleb throwing MS" type shit) so just my completely unbiased 2 cents. Can any RBC or DB peeps fact check this just to be safe?
I work at RBC Tech. What the above said is mostly true, except a couple inaccuracies IMO:
I know this thread is super old, but thank you for the response. Would you mind writing up a bit more about RBC tech? I am trying to educate myself more but can't find much online. Maybe how many hours u work on average, what your main tasks are as an analyst, what specific verticals RBC tech NYC does (fintech vs software vs hardware etc), etc. I would heavily heavily appreciate it.
Thank you so much
Rankings are dumb when banks are in the same tier. DB and UBS will offer almost the exact same deal experience and exit ops, any difference is marginal and your performance and recruiting efforts will be the difference maker when it comes to PE down the line.
Cannot emphasize how much more important it is that you jibe with your team, go with the bank that you had the best conversations with. If RBC stood out for you in networking, going there is fine as well.
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