M&A in coverage groups, *recently* bumped pay to make it highest BB base, good culture (great in comparison to other BB), strong exit opps (UMM/some MF), growing in Europe
Could be wrong but Barclays sounds like a great place to be as a mid tier BB and would definitely not categorize it as a low BB (ex. UBS, DB)
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Barclays has always been considered a strong mid-tier BB. Anyone putting it on the level of UBS/DB needs to stay off the weed.
I mean I agree, i’ve never seen it as a low tier BB but I see people putting it as the mid-low tier BB (barely above or even below CS) which I think is crazy
I would put Barclays in the tier of BofA
True, I'd also put Barclays along with BofA when ranking from the perspective of a junior banker. League tables sometimes show Barclays slightly behind the others, but recently have also shown BAML ahead of MS, which isn't the most accurate way to think about quality of analyst program. Like you said, deal flow + exits (and now comp) is all better than the rest of the mid-tier BBs except BAML. Personally I'd take it over any non-GS/MS/JPM.
GS/MS
JPM
Barclays
BofA/Citi
CS
UBS/DB
I think BBs are just underrated in general on this forum now compared to boutiques. Especially good groups at those mid BBs are just as good as top boutiques placement wise (something I've realized working and generally just checking out good PE shops etc). You'd think from reading this website that BB like baml or barc arent that good but they are excellent, and they are still household names (e.g. sports sponsorships etc)Idk I think this post matters a lot for those people who end up not thinking baml barc etc aren't 'good' banks or they're not happy w them. Who shoot only for "top boutiques", and maybe GS/JPM/MS though they lag behind if they don't get those top boutiques. Obv there are reasons for that but there are 'small' groups w good experience… groups that don't do pitching at BBs like Barc, and groups with very good placement too.I have mentored / spoken w kids who have that top boutique or bust and don't even apply seriously to BAML / barc for example and it's not uncommon bc of this website. I remember a recent ranking that had shops like lion tree or Gugg above barc/baml and I think that's delusional. Are ppl forgetting how good these banks are? 100%, especially the 'prospects' that do the rankings lol