I am doing a series of posts analyzing the various exit opportunities in banks, consultancies and PE shops. For this week (and based on your suggestions), I chose BAML, Citi, Barclays and CS to see how many grads from each bank end up at the largest US PE funds.
To replicate the results or to explore the data in more detail, click each of the individual companies below and go to "Frequency" tab:
Let me know in the comments what combo of firms or banks to do next week!
[Background: Over the winter lockdown I coded a software tool that allows to crunch LinkedIn data like a boss. Originally, I meant it to be a company management due diligence tool for investors, but later I realised that its a lot more fun to use on large organizations like banks or PE funds.]
By the way, is this IBD advisory -> PE investing, or could it be BO->BO. Accounting to accounting for example.
Cool posts though keep at em!
Great work! Do you know how big the analyst classes of each of these banks are?
You think these statistics can get more granular? Like seeing which IB group these associates were in by quarrying from LinkedIn job descriptions. Understandably there are people who don’t have descriptions.
Jefferies, Guggenheim, Rothschild, Greenhill
Hey congrats on Jeffries offer
Can you standardize this by analyst class size? CS and Barclays are a lot smaller than Citi and BofA and based on these placement numbers are prob a lot more impressive per capita placement
Standardize it next time. Smaller analyst classes obviously mean worse placement for similar firms
CVP, PWP, GHL, GUG
Thanks!
For real. No one gives a fuck about Rothschild exits. Let’s see some prestige!
This is pretty dope - thank you.
People on WSO act like GS/MS/JPM are the only ones who send to MFs, feel like this dispels that pretty hard lol. Not to mention: CS runs very lean, and the bulk of Barclays PE exits are from core coverage which only has ~60 analysts per class.
Wow that’s smaller than I thought for Barclays but I guess that makes sense. From 2nd hand friends / people generally I saw had like 100-150 but implied in your core coverage phrase is that those other people are likely capital markets I’m guessing
Yeah I mean I put the squiggly for a reason, it could be slightly more but very few coverage groups have more than 10 and some have ~4 so it’s pretty easy to see how 60 makes sense.
118 NY analysts this year across coverage/capital markets groups at Barclays. These are rough estimates for coverage groups from this past year.
Power - 6
NR - 5
Sponsors - 3
CRG - 8
HC - 8
RE - 6
Tech - 8
FIG - 11
Industrials - 10
CMG - 5
Chemicals - 3
Sustainable/Impact - 2
How many does BAML / citi have? Does this imply that barclays then has much better exits?
curious as well
CS and Barcap blowing them out on a per capita basis
any thoughts on why this is the case? Quality of analysts or historical pipeline from strong groups, etc?
Just a thought, maybe MFs have an X associate quota per each BofA, Barclays, Citi, and CS
Also this is a personal anecdote but I know at least 3 Barclays alum at TPG. Almost certain that there are more, and know 4 more kids who are joining next year in growth/Rise alone. Am on mobile so can’t dig into the data, but not sure that this is picking up every level (i.e. I know a VP from Barclays) and covers all the funds (main buyout, growth, Rise, Climate).
are these kids joining next year from tech group or across the board?
Groups matter a lot for these banks. Most of the BofA MF exits seen above are from M&A, FSG, LevFin, and REGL.. For CS, it’s sponsor, M&A, TMT, Industrials.
Good context, hb Barclays?
Power, NR, HC, Industrials and RE (REPE)
most of barclays' MF exits come from industrials, power and utilities, and natural resources from the last two years - this is from linkedin search. almost all other coverage groups have placed one or two in MF in the last two years though
How about C&R at BofA? Heard it’s a strong group.
Exits have been good but not great. They sent a kid to Carlyle last year and several to MM/UMM
CVP/PWP/PJT/GHL
NOW.
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