I've read recently about the relative struggles of both CS and Barclays. Barclays had problems w/ their CEO, while CS is turning into a wealth management firm (like UBS). Which is stronger for exit ops to MF PE? Which will give a better experience? Are healthcare, P and U, and natural resources as strong as CS Sponsors or M and A?
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do you have offers there?
Yes, I do, currently favoring Barclays over CS
CS got rid of their private bank 2 years ago. Exclusive agreement to recruit to Wells Fargo.
Thanks for letting me know
Top groups at each will place equally well, depends on the types of funds that you are looking at for recruitment. E.g. If you want to go into the likes of BX/KKR Energy/Riverstone, Barclays will be a better choice. Has group placement been decided yet?
Barclays just went through a massive restructuring phase to consolidate into a Euro and US focused bank which has been a big driver of bad results these last 2 years, but it looks like they are on the tail end of that process. The CEO was Jamie Dimon's right-hand man for a long time and is steering the firm in a similar direction as JPM. He has been very vocal in support of IB divisions of Barclays and investing in those groups (which cannot be said for the other EU banks, look what happened to Deutsche).
This is just my two cents about where Barclays as a firm is heading for their IB divisions. Keep in mind, accepting an offer now is lining up your FT two years from now. About a year ago when DB came out and said they were considering trimming IB, I don't think anyone could predict it would get as bad as it is now. Obviously group placements are crucial, but I think knowing what the leadership of the bank thinks about their IB arms is important when comparing two very similar offers.
So you think its on an upward trend? What're your thoughts on CS as a firm then?
Cannot speak for CS but I do think Barclays as a whole is on an upward trend.
If your offers are in Chicago, definitely go Barclays because the CS Chicago office lost 4 of its MDs over the last year and a half to GS and Macquarie
NYC offices. Has CS had troubles there?
.
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You are talking about very comparable, top-quality bulge bracket investment banks. The hard truth that a lot of prospective Analysts need to know is that any recruiting differences will be de minimus compared to your own skill, preparation and personality as an interviewee.
EDIT: Haven't you already posted basically 4 topics on the same subject? Take the advice you have already received. Not sure what the fear is. Look dude, PM me if you want advice recruiting to PE from Barclays.
can you PM me?
why have you made so many topics on the same thing?
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