Investment Banking Rankings 2019

EliteStudent11's picture
Rank: King Kong | 1,039

Found this on an old thread. I believe it's fairly accurate already, especially at the WF / RBC tier. However maybe we can move some names around and arrive at a new 2019 ranking? Share your thoughts

A) The Dream Team:
1: Evercore, PJT (slight favorance to evercore)
1.5: GS, MS, Lazard, Moelis

B) Warriors:
2: JPM, Centerview, Greenhill, Perella Weinberg Partners
2.5: CS, BAML

___________C) Mega fund cut line___________
3: Barclays
3.5: DB, Citi, Houlihan, Jefferies
4: UBS, Roths of the world like Liontree
5: Wells Fargo, RBC,BMO

___________D) Don't even think about PE line___________

6: HSBC, Baird, Blair, Lazard MM, Stephens, That shit IB in Richmond can't remember, MTS Health Partners, Stifel, KBW,Other no name boutiques, Regional bank IB like Key bank, Foreign banks with no deal flow like Mizuho/Nomura/SocGen

Comments (48)

Jan 1, 2019

In tier 6 I'd include Stephens, Stifel, MTS health partners, Leerink, Piper Jaffray, BB&T, William Blair, etc

Fuckin my way thru nyc one chick at a time

    • 2
Most Helpful
Jan 2, 2019

Depends on what we're ranking. If the focus is strictly on perceived banker skill/prestige/dealflow I'd shift a number.

GS (probably also MS) up to tier 1

Lazard down to tier 2

Centerview up to Tier 1.5 (debatably tier 1 if just looking at M&A but I think their RX practice is less strong)

JPM up to tier 1.5 (Though towards the bottom of that grouping)

Greenhill down to tier 3 (tbh I haven't heard much about them recently, and I'm not sure if they're still struggling as much as they were a few years ago)

I'd move CS and BAML up to tier 2

Barclays, Citi, and Houlihan probably all in tier 2.5 (certain groups at Barclays and Citi that kill it)

RBC up to tier 3 or 3.5 (debatable but I think they're really growing and I expect them to have a better future than DB)

I'd be less sure of these shifts if we were basing things strictly off of exits, which the Megafund cut-off line in the initial post seems to imply.

    • 26
    • 2
Jan 12, 2019

Why drop Lazard so low?

"Most people don't know shit about investment banking."
- Roger Mayweather, Managing Director at Evercore

Mar 25, 2019

This list is completely inaccurate.

    • 1
Jan 7, 2019
EliteStudent11:

That shit IB in Richmond can't remember

Hahaha I love that

Array

Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Jan 7, 2019

Where would we rank Guggenheim Partners on this list? Just curious since they've been on some mega-deals. Their TMT and HC groups in particular kill it, or so I've heard

    • 2
Jan 7, 2019

BMO above Blair and Baird is just dumb

    • 3
    • 3
Jan 7, 2019

Put some respect on GS.

    • 6
    • 2
Jan 7, 2019

OP's ranking favors boutiques a bit.

1: GS, MS
1.5: Evercore, PJT, Centerview, JPM

2: Lazard, Moelis, PWP, BAML, CS
2.5: Greenhill, Citi, Barclays

3: DB, HL, Jefferies, Rothschild, Guggenheim
4: UBS, RBC, Wells

Group 2 might be slightly controversial, but I think the top BAML/CS groups could warrant them to be placed with Moelis/PWP. I think Lazard is the strongest in that group.

    • 10
    • 19
Funniest
Jan 7, 2019

I'll take a job at any LOL

    • 50
Jan 7, 2019

Where are we putting STRH?

Jan 7, 2019

STRH is probably at the mid-bottom range of 6. They aren't that far removed from your commercial banks like Fifth Third or BBVA and are just a small step up.

Array

Jan 7, 2019

Does anyone know the rankings for the EMEA? My guess is that most of the boutiques will be shifted to lower tiers and if anyone can elaborate it's really appreciated

Jan 7, 2019

Certainly a big bump in rankings for Rothschild if you are talking EMEA. By far their strongest region, and within M&A they are a top performer compared to any of the banks in this ranking.

    • 3
Jan 7, 2019

Having regional presence is foundamental in EMEA, because every market is different (and every language), so BBs have an obvious advantage (I.e: JPM is really strong in france and Italy). Despite are gaining ever more market share, places like CVP, PJT, EVR, PWP and MoCo almost don't have local presence. Having said that, PJT is almost considered on par with tier 1 BBs (GS/MS/JPM) in terms of prestige and I believe slightly above JPM and MS even on an experience point of view (Analysts do both M&A and Rx). Other EBs, apart from LAZ, rank a bit below RTH, BAML, Citi and CS.

    • 4
Jan 7, 2019

This is not helpful

Jan 7, 2019

Are you referring to PJT's M&A or Rx practice?

Jan 7, 2019

Why do people do this all the time? And wouldn't a ranking that is more group-focused be indicative of "prestige"?

    • 2
Jan 8, 2019
specterross21:

Why do people do this all the time? And wouldn't a ranking that is more group-focused be indicative of "prestige"?

To stroke their broken egos as they are berated by MDs

    • 6
Jan 7, 2019

Anyone have thoughts on UBS possibly picking up Ex BAML IB head Christian Meissner as CEO? Could the firms focus switch back to IB and less on Wealth Management?

    • 2
Jan 8, 2019

Where did everyone get such a hard on for PJT and even RSSG specifically? 1) Honestly think the "technical" learning that goes on at the analyst level on restructurings is overhyped, though at a high level the transactions may be fascinating 2) A lot of your clients are obsolete industrial shitcos 3) Exits are pretty niche

So, the group worked on Greece, GM, etc. and that's cool, but I'd love to know what PJT has first year analysts just back from their spring break trips to Mykonos doing for Greece. Probably not thrilling stuff tbh. Might be incredible to be an MD in this group, but I'd be curious to hear about an analyst's experience. Also, in so far as the exits... why's everyone want to do distressed debt? Not being sarcastic, just curious. Seriously though, why not just go to law school?

    • 11
    • 8
Jan 8, 2019

Distressed debt investors have the greatest ability to screw over other people. Just look at toys r us. Company could've continued running but the biggest debt holders hold all the power so they decided to vote to liquidate, putting thousands of employees out of work. The typical WSO user has been screwed over by jocks and popular kids their whole life, and now they want the opportunity to take some power back.

Fuckin my way thru nyc one chick at a time

    • 6
    • 9
Jan 8, 2019

BMO above Blair and Baird is just dumb.

Angel Checks provides background screening services for both Individuals and Corporate. We provide Pre - Employment Background Screening, Post Employment Background Screening, Business Screening.

    • 4
    • 3
Jan 8, 2019

Blair should be above BMO and Baird, as well as Wells Fargo. They are killing it, especially in Chicago where they are headquartered. I would take Blair over all three of those banks without a doubt

"If you ain't first, you're last!" - GOAT

    • 4
    • 4
Jan 13, 2019

why would you make that choice? Is BMO and Baird not a destination choice for a career?

Jan 13, 2019

Baird has great culture, consistently ranks in best places to work which is absurd for a bank. But Blair is now cracking $1B deals, fairly often in their S&I group (services and industrials), and their consumer team is on a tear. Both banks recruit heavily at my school due to alumni connections and Baird is a tier below a Blair offers. Even if you look out West, recently spoke to an alumni at BMO there who told me how Blair came out of nowhere and is now beating out the competitors there consistently on mandates

BMO is nowhere near the level Blair is in Chicago, and even out West is getting beat pretty often. Would put on the same level as Baird

(My viewpoint comes from speaking with numerous alumni including analysts through MDs at two of the banks, and associates / VPs at the third)

"If you ain't first, you're last!" - GOAT

    • 2
Jan 8, 2019

This is hilariously inaccurate - especially w/r/t the middle market banks. I guess that's what you get from a "prospective" or "incoming."

Stick to the grind young lads - you'll get there.

    • 2
    • 2
Jan 9, 2019

The 365 day pissing contest never ceases to amaze me on the IB forum.

Not too high, not too low

Jan 11, 2019

"That shit in Richmond" (assuming you are talking about HW) places well into MM PE. They literally only sell businesses to PE shops and senior bankers will help the junior guys get placed because they see it as just another contact they can leverage in the future

    • 3
Jan 11, 2019

How's the weather in Richmond

Fuckin my way thru nyc one chick at a time

Jan 11, 2019

Fucking cold - 10" of snow expected this weekend

Jan 11, 2019

This is dead on. All of HW is a financial sponsors coverage group

Jan 11, 2019

Don't they have like 90% - 100% PE placement for analysts?

    • 1
Jan 11, 2019

You literally copy-pasted this from that self-proclaimed recruiter (donny-ma?) that used to post around here dishing out his view on banks. If you're gonna do this at least put some original thought into it.

    • 2
Jan 11, 2019

Read the very first sentence of my post...........

Looks like I found the bottom bucket analyst

Fuckin my way thru nyc one chick at a time

    • 3
Jan 11, 2019

Baird and especially Blair can most definitely think about PE. No way BMO is above them as others have said, not in this lifetime. I'd bump GS/MS up to 1, Centerview and JPM to 1.5. CS/BAML can be bumped to 2. I'd also group Guggenheim/Barclays/Citi in group 3. Guggs is getting better and Barclays/Citi have good exits depending on the group (from what I've heard). I'd put Allen with Jefferies. Also Qatalyst deserves to be on there, but I don't know enough to say exactly where.

Some other nits--Houlihan is really only strong in restructuring from what I can tell, so that ranking is kinda group dependent. Greenhill might need to come down since I don't know if they do as much as they used to.

    • 5
Jan 11, 2019

Hmm .. very informative but it's so subjective to group at each bank

    • 1
Jan 11, 2019

@EliteStudent11 Do you even have a job

    • 1
Jan 11, 2019

EB baby

Fuckin my way thru nyc one chick at a time

    • 1
    • 1
Jan 12, 2019

You seem lame.

    • 2
Jan 16, 2019

Last week you had a job at a HF and the week before MF PE... impressive.

Jan 11, 2019

What about MUFG?

Jan 11, 2019

Since when was there a distinct gap dividing BAML/CS/Barclays/Citi? Always thought dealflow/exit opps were similar relative to group quality.

Jan 12, 2019
Comment

Fuckin my way thru nyc one chick at a time

    • 1
Jan 12, 2019
Jan 14, 2019