Did I make a mistake by taking a MM internship over a BB?
Accepted a spot as a SA in a top group at Jefferies over UBS and Barclays, since I was a little sketched out about the placement process. Did I make a mistake?
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I would personally take a guaranteed top group at Jefferies over both of those offers, so no I think you made a good choice.
Mistake. Jefferies is less prestigious
Fuck off
This is obviously a lie/troll as Jefferies internships don’t have group placements and are generalists programs. You don’t get a group placement until after a few weeks you’re full time. Also I think most/many would take Jefferies over UBS overall in terms of best experience, although exits are still gonna be pretty solid for UBS.
What if you throw DB and RBC into the group
Would personally take Jefferies over both.
Barclays > Jefferies > UBS, you fucked up lol
I think you should DM Rich Handler this exact question
Exit ops? Barclays.
Culture? Barclays.
Better experience? Barclays(internal M&A).
Name recognition? Barclays.
League tables and performance? Barclays.
Return offer rates? Tie.
Coolest CEO? Jefferies for sure.
Hey, at least you didnt choose UBS
Sorry you work at Barclays, get over it.
Don't work at Barclays, and probably 10 places I would rather be.
RO % at JEF was 95% last year doubt barcap beat that.
dont work at Barclays but it was above 85-90 last summer
For a strict, 2 years and out to PE experience, Barcap definitely the better choice in terms of exits, deal experience (some groups), and name brand. However, I personally found the culture at Jefferies to be great (extremely comparable to Barclays but group dependent). Jefferies is also a rapidly growing firm and the majority of M&A deals you’ll work on will be over 1 billion. (This is public information. please look it up before you MS)
For a long term career Jefferies is a good spot (minus bonus claw backs if you leave early associate and up) and has been rapidly gaining market share in the past few years.
They had a slight down year last year bc WeWork and Toms shoes defaults but have had their best quarter ever in Q1 of this year For IB revenues. For overall experience I would take JEFco over DB, UBS, and RBC (pretty much same experience). DB in some groups may have better PE exits but exits at JEF have improved a lot in past few years and if the trend continues will be on par with mid tier bb like barcap in ~10 years. That’s a big “If trend continues” caveat tho. Top groups at Jefferies that are comparable to any other BB include Healthcare (all modeling done in house), M&A, Levfin (infamous for structuring ridiculously leveraged transactions) followed by industrials and tech. Energy is also one of the best groups on the street in Houston but has gotten rocked lately like all other energy groups. The other groups are solid UMM groups but play in the south of 1 billion deal size range more often than not. JEF also has a decent RX practice a tier or two below the big boys. Lot of big energy RX deals.
Majority of deals arent over 1 billion, only public deals have disclosed value and tend to be much larger than the private deals that jefferies works on as well. Would probably take JEF over UBS. DB and RBC would be a more group by group decision.
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