Have really good connections at these banks and was wondering which one would be a great place to intern at. All positions for NYC except Stout which is in Chicago.Would appreciate any points.
| +407 | Evercore Intern Seizure | 62 | 14h |
| +126 | UBS IB Americas has failed, now behind Santander and Stiffel | 34 | 3h |
| +79 | deleted deleted deleted deleted deleted | 44 | 7h |
| +60 | How do I understand vs. just memorizing? | 11 | 18h |
| +55 | Some banks are overrated as fuck | 16 | 1h |
| +49 | The good and bad with Wells Fargo | 15 | 6h |
| +48 | Associate & Above IB exits | 18 | 20h |
| +44 | Sent my Claude prompt to 200+ Teams chat. MD wants to see me Monday. | 25 | 1h |
| +36 | Incoming IB Analyst: Best Ways to Prepare? | 13 | 16h |
| +32 | Tech to IB Pivot | 20 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I would personally say Nomura and BNPP are probably the bigger ones on the list.
However, there LevFin groups are the big group they don’t do much M&A.
Btw Nomura did a huge ass speedway deal recently.
Nomura: LevFin, Sponsor, Greentech
BNPP: good culture overall, but I’m pretty sure they don’t have a strong M&A presence
SG: good culture, Natural Resources
TD: good culture
Mizuho: pretty much debt deals
CIBC/Stout: weak
All those banks besides Stout tend to use balance sheet and involve heavily on debt deals. Stout operates more like a big 4 rather than traditional investment banks.
OP here, thanks for the detailed response. How would you rate the culture at Nomura?
Greentech has a very sweaty culture but exits and deal flows are great. M&A culture is pretty bad and there are a lot of pitches going on. Don’t know much about others.
Do you say that about Stout because they also have an advisory and valuation practice? From what I've seen/heard, their IB group operates independently form these as a traditional sell-side advisor
The Big 4 also have independent IB groups which are also weak. I wouldn't consider Stout at all given the rest of the names on the list.
Could you provide more reasoning or credibility for why you're saying this? M&A tombstones look solid on their website and I've heard great things about culture and WLB (in wso company database). I have no bias, just legitimately curious. Thanks
I know nothing about their culture / WLB, not disputing that at all. The issue is where they are in the market / deal flow. Stout is lower middle market. They aren't competing with the other banks on the list, but rather regional boutiques and other LMM firms. Do they list transaction size or fees on any of those tombstones? They are doing small deals for small fees. The other banks on the list are also in more lines of business which offers more fee opportunities and experience. Name brand is also important. You will have a much easier time lateralling from most of the other firms listed rather than Stout. The one positive for Stout is that they are more M&A focused than the others on the list, which may help you in interviews if you are lateraling to an M&A heavy shop, but honestly, if I am hiring I am interviewing analysts from the other firms ahead of Stout.
.
Yeah no. Their Power and Utilities group is objectively bad.
Would say Nomura and BNPP first, then TD, then CIBC
Ad ad quod est ratione doloremque non illo. Aut eaque voluptatem rem ullam in. Ea perspiciatis numquam nulla asperiores eius non. Mollitia deleniti asperiores qui ut molestiae facilis. Assumenda eos quis quia tempore. Impedit doloremque aliquam odit perspiciatis consequuntur.
Et possimus fugiat blanditiis praesentium quo. Itaque quae illo facere autem. Sed possimus numquam aliquid voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...