gszabo1:
Could you guys list any other investment banks that are doing well besides the Vault top 50? Or any other I-banks / M&A advisory firms to know about? International I-banks? Smaller, or rising boutiques?

Thanks

 

Source: Vault Guide to Top 50 Banking Employers Section titled "Best of the Rest"

I wish vault.com made a ranking/list of just investment banks. Some of these might be commercial banks.

A.G. Edwards AmSouth Bancorporation Bank Leumi USA BB&T Corporation BMO Capital Markets Calyon Securities (USA), Inc Cascadia Capital LLC Chanin Capital Partners Comerica Commerce Bancorp Duff & Phelps LLC Fifth Third Bancorp First Albany Companies First Horizon National Corporation KeyCorp M&T Bank National City Corporation Petrie Parkman & Co. PNC Financial Services Group Putnam Lovell NBF Securities Regions Financial RSM EquiCo Ryan, Beck & Co. Stephens Inc. SunTrust Banks Susquehanna International Group TD Securities U.S. Bancorp UnionBanCal Corporation Webster Financial Corporation

 
nikki_analyst:
aspiringmonkey, for the love of god shut up and go away.

if as you claim you dont want to do ibanking (or cant get in) then go do something productive. why do you feel the need to annoy everyone?

I would like to thank you, for that immense contribution to this thread. You have added VALUE to this forum, and your industry knowledge dwarfs our feeble minds. Your ability to stay on topic and the focus you have exhibited has given everyone a new perspective of what an investment banker is all about. I bow down to your immense brain power that is able to store all this information.

Seriosly though, at least I contribute, all you do is flame me, to boost your little ego.

 

Sure, here's a list. Aspiringmonkey, you should list yours too. If you haven't heard anything but a few rejections from any of the 60, I think you're toast.

Rothschild RBS Financo CIBC Berenson & Company Cowen & Company Macquarie Piper Jaffray Morgan Joseph Thomas Weisel Partners Stifel Nicolaus HSBC Petsky Prunier Imperial Capital William Blair RBC Capital Markets Peter J. Solomon Company Shattuck Hammond Partners

Also, you might try just googling investment bank or investment banking. I bet you'll get a bunch of names then.

 

none the less, boutiques have later recruiting schedules, so there is no sense giving up my list until I either a) sign with IB or b) sign with somewhere else.


Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

 

aspiringmonkey:
none the less, boutiques have later recruiting schedules, so there is no sense giving up my list until I either a) sign with IB or b) sign with somewhere else.


Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

Ehh that's not true. A bunch of crappy boutiques came to recruit at my school a while ago (around the same time or like a week later than the BBs). I didn't get interviews with most of them (presumably because I have a high GPA), so it seems like they'd rather hire a kid from a target with a 3.0 than a kid from a non-target with a high GPA. A kid at an ivy with a 3.0 will have trouble getting banking interviews with top firms; these boutiques pick those kids up.

Anyway, boutiques only hire a few analysts every year, and if you look at the recruiting schedule of a place like Piper, they always hit up a few ivys and a few other top schools in their recruiting schedule.

 

Sharing your list is your choice. Entirely yours but sharing some names wouldn't exactly kill you. Honestly dude, if you are good enough and want it badly enought, you will get there one way or the other. But good karma doesn't hurt. Sharing information while still competing is probably the best source of research.

 

fine i'll share some names that I know my chances arent that hot at. Oh and my list is at 78 now :)

I'll share the first 30 of mine, granted most of them you probably know.

1-Goldman Sachs 2-Blackstone Group 3-Morgan Stanley 4-Lehman Brothers 5-Lazard 6-JP Morgan 7-Citigroup 8-Evercore 9-UBS 10-Deutsche 11-Bear Stearns 12-Greenhill 13-Rothschild 14-HLHZ 15-Bank of America 16-Barclays 17-Dresdner 18-HSBC 19-Bank of America 20-CIBC 21-Jefferies & Company 22-Cowen 23-Allen & Co 24-Credit Suisse 25-Gleacher 26-Thomas Wiesel 27-Daiwa Securities 28-Duff & Phelps 29-Shattuck Hammond 30-Ryan Beck & Co

---------------------------------------------------------------

Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

 

Okay, this guy is really starting to annoy me with his "I won't share my list with anyone because it's all mine" attitude. This isn't some proprietary information that takes weeks to put together.

I compiled this list when I was looking for an internship as a sophomore. This is by no means comprehensive (it's missing a few of the obvious ones), but it's a list of 90 or so firms that (i think) at least have an internet presence.

Honestly, it probably took me less than a day to come up with. Anyway, hope this helps some of you. Good luck!

ABN AMRO Adams Harkness Aleutian Capital Partners, LLC Allen & Company America's Growth Capital Bank of America Securities Barclays Capital Barman Capital Bear Stearns Bentley Associates Berkery & Noyes Berkshire Capital Blackstone Blaylock & Co. BNP Paribas Brendan Wood International Broadview Brown Brothers Harriman C.E. Unterberg Towbin Cantor Fitzgerald Capstone Partners Cascadia Capital Chanin Capital CIBC Citigroup GCIB (SmithBarney) Conexus Capital Credit Suisse First Boston Cross Border Enterprises Daiwa Securities DE Shaw Deutsche Bank Dresdner Kleinwort Wasserstein Duff and Phelps First Albany Fox-Pitt Kelley Friedman Billings Ramsey Gerson Lehrman Group Goldsmith Agio Greenhill & Co. Gridley & Co. Gruppo Levy Guiliani Partners Harris Nesbitt Hill Street Capital Houlihan Lokey Howard & Zukin Jeffries JPMorgan KBW Key Bank Ladenburg Thalmann Legacy Partners Lehman Bros. Sopohomore Libra Securities MarcoPolo Partners Merrill Lynch Miller Buckfire Morgan Joseph Morgan Stanley Needham & Co. Newmark Capital Novahill Partners O'Connor Capital Partners Oddessy Partners Oppenheimer Paragon Capital Partners Perseus Group Punk Ziegel & Co. Putnam Lowell RBC Capital Markets Revolution Partners Rodman Renshaw Rothschild Ruane Cunniff Ryan, Beck Sandler O'Neill Sanford Bernstein Saybrook Capital Schroeders Seabury Group SG Cowen Shattuck Hammond Partners Sonenshine Partners Sonnenblick Goldman Sperry Mitchell SSG Capital Advisors TD Waterhouse THCG Thomas Weisel Vontobel William Bliar Young & Partners

 

its a #s game rat, some boutiques have interview schedules that last thru january, and some of the smaller boutiques really can't afford to visit campuses, who knows might get lucky.

But like I said before, if it happens==> it happens, if not oh well no huge loss. You might find it surprising, but I'm not THAAAT eager to work 100 hour work weeks for minimum pay, you don't start making real money until associate/VP level anyways.

darthony my school is a non-target, so its not like we have 20 banks to pick from.


Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

 
aspiringmonkey:
You might find it surprising, but I'm not THAAAT eager to work 100 hour work weeks for minimum pay, you don't start making real money until associate/VP level anyways.

Six figures is hardly chump change AMonkey. According to the 2000 census that's more than twice the median American income (about $43000) and puts you in the top 5% of all incomes in America. Also surprisingly it puts you in the top 7% of all the people in NYC.

Please understand, I'm not trying to flame you like most do. I'm just pointing out an often overlooked point that $100,000, while it's not AS much as it used to be, still ranks among the top wages in America.

 

dude you have 1000 posts on an ibanking message board and are building a website about the application process. I'd say you're pretty damn eager to get into the business. You're also a giant tool thinking that you'll improve your chances by somehow keeping a list of banks secret. Why are you so eager to give advice to other people applying to the same jobs (including building a damn website) and then worried a list of banks will hurt your chances?

It'll be nice when you give up and disappear, which hopefully will occur pretty soon.

 

I just went thru streetbuck's list, impressive as it is, but like 1/4 of the companies don't exist anymore, and another 1/4 don't have an application process or aren't in NYC.

I still got 15 banks that weren't on my list, so thanks for that.


Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

 
aspiringmonkey:
...I still got 15 banks that weren't on my list, so thanks for that...

I wonder how great those banks are.

Anyway. your comments about IB pay are misguided. you don't compare pay per hour. you should compare pay per year. A couple of years in IB and you will be several years head of your corporate peers in pay.

Also, what makes you so sure that you will get into a top b-school and transition in as an associate (if the market for IB jobs is good when you graduate with no IB experience).

How are you going to be considered for IM and other buyside finance jobs without IB experience or relevent experience and a qualification?

don't think in pay per hour. it is a dangerous mentality to have.

 

They're boutique firms, of course they don't have an application process.

You're telling me that 45 of these firms are either not in NYC or don't exist anymore? Wishful thinking?

Since you seem to have so much time on your hands, spending the majority of your day on this forum, why don't you back that up? Or are you still trying to retain your "competitive advantage" by dissuading others from applying to those firms?

Pathetic.

 

getibjob.com :P, but I'm not putting anything up until I commit somewhere

What I meant, is that those companies don't have a career's section(i.e. send email to [email protected] with your resume)

I would say about 15-20 of them weren't in NYC. About 10-15 the site redirects to the company that bought them out.

And no I'm not going to back anything up, it took me half an hour yesterday to run thru your list and I'm not going to repeat the process. Just for the sake of the argument.


Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

 

I know 100K isn't chump change, but if you take into account NYC rent, and the amount of hours you've worked you really aren't raking it in. Add to that the fact that you have to sacrifice your health, your relationships and your sleep and analysts do end up with the short end of the stick.


Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

 
thatguy123:
sounds like you're trying to justify your failure by convincing yourself it's not a good plan. You clearly want to break into the business more than anything, so shut the fuck up.

When are you going to give up and stop posting your drivel?

so everything I've said is a lie?

Part of it is indeed, me justifying it, but there is a lot of truth to what I'm saying.

Face it being an analyst is a huge sacrifice with very little reward. At least at the associate level, you get compesnated appropriately for the hours you put in.

Example: 100 hour work week as analyst @ 100K=$19.23 per hour which is equal to 40 hour work week at 40K=19.23 per hour

So on hourly basis you get paid the same as other entry level jobs(even less if you come to think about it, since most finance majors start at 45K), but the 40 hour/week guy doesn't have sacrifice his health,relationships, sleep. And he gets to have a good work-life balance.

At the associate level, at least you get compensated money wise for your sacrifice...because getting that amount of money in a 40 hour/week job is rare 5 years out of school.

100 hour work week as associate at $218K=41.92 per hour which is equivelent to 40 hour work week @ 87,200=$41.92

Stop hating for the sake of hating, and get the dollar signs out of your eyes, and maybe you'll see what I'm trying to say.

 

Except a 100 hour work week is pretty rare. The average IB work week is about 80 hours. You have a lot of misconceptions about IB, Aspiringmoneky, and it would be useful for others if you didn't air them constantly.

 
aspiringmonkey:
Example: 100 hour work week as analyst @ 100K=$19.23 per hour which is equal to 40 hour work week at 40K=19.23 per hour

So on hourly basis you get paid the same as other entry level jobs(even less if you come to think about it, since most finance majors start at 45K), but the 40 hour/week guy doesn't have sacrifice his health,relationships, sleep. And he gets to have a good work-life balance.

At the associate level, at least you get compensated money wise for your sacrifice...because getting that amount of money in a 40 hour/week job is rare 5 years out of school.

100 hour work week as associate at $218K=41.92 per hour which is equivelent to 40 hour work week @ 87,200=$41.92

Stop hating for the sake of hating, and get the dollar signs out of your eyes, and maybe you'll see what I'm trying to say.

ah, the old hourly rate justification. every ib hater's bread and butter. the two most desired jobs out of undergrad (ibanking and consulting) have really shitty hourly rates. glad to see you are using that to justify your argument that being an ib analyst sucks. all the top students at the top colleges that get into ib must be total idiots.

by the way, you seem to think that associate level is the perfect place to get into ib. do you realize that you will be cranking out 90 hour work weeks in your 30s? the hours i've seen vps work are still pretty shitty for someone in their mid 30s.

now compare that to analysts who put in their two years of torture and go onto bigger and better things. people don't do ib as an analyst because ib is their lifelong career goal. they do it because of the training and the exit opps. for someone who claims to know SO much about ib, i'm surprised you haven't picked up on this.

i'm sorry to say it, but your argument is filled with holes, and basically shows how much you are trying to convince yourself that being an ib analyst sucks because you couldn't get into the industry.

 
aspiringmonkey:

Stop hating for the sake of hating, and get the dollar signs out of your eyes, and maybe you'll see what I'm trying to say.

You forgot the exit opportunities that you can only get after the 2 years of being an IB analyst. Not to mention that these analysts are already way ahead as far as being qualified for a top MBA program that is the divine key to an Associate position.

Stop acting like you don't care about the analyst position. If a BB or ANY bank made you an offer now, you'd crawl to it.

 
aspiringmonkey:
I would like to thank you, for that immense contribution to this thread. You have added VALUE to this forum, and your industry knowledge dwarfs our feeble minds. Your ability to stay on topic and the focus you have exhibited has given everyone a new perspective of what an investment banker is all about. I bow down to your immense brain power that is able to store all this information.

Seriosly though, at least I contribute, all you do is flame me, to boost your little ego.

All you have contributed to this thread is that somewhere exists a secret list of secret banks you have applied to. Please at least follow your own advice and dont add needless lines to this or any other thread.

 
VermontCheese:
All you have contributed to this thread is that somewhere exists a secret list of secret banks you have applied to. Please at least follow your own advice and dont add needless lines to this or any other thread.
um I did contribute a list of 30 banks.
 
Best Response

Bank of Montreal (BMO) and Scotia Bank have investment banking divisions that work in the US. I had interviews with both, and found the people to be very nice. BMO had some folks who used to work at BB firms. Raymond James also has I-Banking. All of this information is relevant to Houston, but I am sure these guys recruit elsewhere. If I think of a few more I'll post them.

 

Also, you can't make 100K working at your average out of college job even if you were to want to commit to like a 13 hour work day. Most companies pay a standard salary (not per hour), and it's illegal to work 2 "full time" jobs without permission of both employers. So I guess theoretically you could work at whatever job you'll get for like 40K per year and then go flip burgers etc. "part" time after work (for a 16 hour or so work day) but you'd still not make anywhere near 100K.

 

ok lets take this from the top

rat4100, 80 hour work week huh? Your profile says you aren't in IB, so where did you get that #? 100 hour work week may not be the norm, but they aren't rare either.

As far as making 100k out of college, I didn't say that there were a lot of other options. I just mentioned what the hourly pay is like. And spending your youth working 100 hour work weeks is a pretty big sacrfice. Unless of course you are a total loser, and you want to work those hours so that you have an axcuse for not getting ass/going out.

Yes you don't make 100K per year flipping burgers + your 9 to 5(why would you do that when you can be a server and rake in 15 bucks an hour?). But since you probably aren't living in NYC it really balances out. But that wasn't my point, my point was the sacrifice of your health and youth in the pursuit of the all mighty dollar.

nikki, yes nikki they are idiots, sacrificing your college days hitting the books, then 2 years as an analyst, and another 2 in an MBA program, and before you know it, they are 28, and havent lived a day in their life.

Actually late 20s but I get what you are saying, and the hours really aren't as bothersome at that level, because you are more settled into your career.

Analyst = you sign away your youth for a low pay(all things considered) Associate=you sign away your 30s(for good pay, slightly better hours, and at least you are higher up the corporate ladder)

Yes exit opps at IB are great, but once again you have to consider if it's worth the sacrifice.

Actually I don't consider being in IB as such a great advantage to getting into a top business school. Think about it, they get a ton of applications, and every single IB analyst profile is EXACTLY the same. BA/BS + 2 years as an analyst and thats it, so what separates you from the analyst in a cubicle over with the same credentials as you?

On every business school website they say that they want to promote variety, and getting a bunch of IB analysts who thinks they are the god's gift to earth is really not in their interests.

But yes if I get a chance to get into IB now, I'll jump at it...if I didn't I wouldn't be here.


Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

 

I spent my summer at a top BB in banking. On average, I worked about 80-85 hours a week. I definitely worked about 120 hours one week and pulled a bunch of all-nighters, but on average I left the office around 11-12pm and worked either a full or half day Sunday and a bit on Saturday. There were definitely days when I left around 8pm though. And yes, I got an offer to return.

From talking to my friends, 80-90 average seems to be the norm (with the exception of 1 guy in UBS's healthcare group).

 
aspiringmonkey:
nikki, yes nikki they are idiots, sacrificing your college days hitting the books, then 2 years as an analyst, and another 2 in an MBA program, and before you know it, they are 28, and havent lived a day in their life.

Actually late 20s but I get what you are saying, and the hours really aren't as bothersome at that level, because you are more settled into your career.

Analyst = you sign away your youth for a low pay(all things considered) Associate=you sign away your 30s(for good pay, slightly better hours, and at least you are higher up the corporate ladder)

what does that mean? "higher up in the corporate ladder"? you haven't worked a single day in IB so how do you know that an associate's life is "better"? an associate still pulls all nighters, and has people shitting all over him. i cannot believe you are arguing the fact that its easier for someone to work 100 hour weeks in their early 20s than it is for someone to work 100 hour weeks in their 30s.

do you understand that most of their peers will be starting families by that point while they struggle to even maintain a relationship? you have just heard about what an associate's life is like. i work with them everyday. it's as crappy a lifestyle and you are older.

if you think you will have a better shot at a top mba program than an analyst from a BB coming from a small boutique or a mediocre corporate job, then you will be in for a heck of a shock when you start applying to these places.

kid, not only are you pathetic in terms of your situation, but you are also delusional.

oh, and stop saying "let's take this from the top". your arguments make no sense and you keep digging yourself into deeper and deeper holes that showcase your lack of understanding, and your wishful thinking now that you are starting to realize you can't break into the industry.

 
aspiringmonkey:
Yes exit opps at IB are great, but once again you have to consider if it's worth the sacrifice.

Actually I don't consider being in IB as such a great advantage to getting into a top business school. Think about it, they get a ton of applications, and every single IB analyst profile is EXACTLY the same. BA/BS + 2 years as an analyst and thats it, so what separates you from the analyst in a cubicle over with the same credentials as you?

No it seperates you from all of the IB-hopefuls who never made it to the industry and had to settle for less. IB analysts are treasured cuz there's only a handful of them. Everyone and their mother would be dying to go to a top MBA program as long as they wanna be in banking.

You need unique and extraordinary work experience to get in. If you weren't an IB analyst, you'll either have to land a lucrative job in another industry (still very competitive) or start a venture and succeed it in (you'll probably work banker hours in a start-up...and if it's successful, why stop and go to B-school?)

 

very dilusional. I think his mother beat him or something. This website would be so much better without him. Also - his views on women are disturbing. He said if childbirth is really painful you would pass out. I didn't even ask him about rape and he starts trying to discuss how women cry rape....freaking pyscho weirdo. Aren't there some administrators who can kick him off or something?

 

I didn't say easier in the physical sense, I meant easier in the mental sense.

I didn't know you were an adcom...wow having a job in IB AND being an adcom must really be tough.

look at my early posts, I knew from the beginning it would be a loooong shot.


Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

 

Yeah the way to think of it is in the skills and work experiance it provides to give you those huge payouts.

You'll never progress to a job making millions in some shitty 40 hour a week desk job.

The money you make as an analyst even in PV terms is peanuts and quite frankly irrelevent.

 

Tirekicker u googled that didn't you?

Other than "Banc" being the french equivalent of "Bank", the two terms are synonymous.

I've had to do core deposit intangible valuations in a previous incarnation... in the Bank & Thrift industry vs. the broader financial services industry, the term "Banc" is used more frequently to denote the smaller players in a region.

 

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Autem possimus amet ducimus incidunt. Expedita eveniet id error enim.

 

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