RBC (NY) vs. Jefferies (NY) SA 2020

WSOuser33's picture
Rank: Chimp | 9

Hey everyone. This is my first and not sure if this will be my last post, but I recently received IB 2020 offers for Jefferies and RBC. I'm a rising junior and I'm grateful for these opportunities but I'm not too sure which to accept.
Would anyone be willing to give insight in terms of which might be the best decision based on:

Culture (cutthroat/intensity?)
Overall reputation on the street?
Best groups?
Diversity?
Best opportunity for a return offer and FT?
Exit Ops?

I know more individuals at RBC and do not know anyone in the banking teams at Jefferies so I am taking everything including that aspect into consideration. I'm very stuck between the decision so I respect all opinions.

Comments (17)

May 25, 2019

There's a big thread on Jeffries recently, while controversial, it seems that younger guys should steer clear of there. I would love for someone more experienced to chime in but RBC also seems to be stronger now regardless of that thread too. The bank is now on par with a lower BB I hear?

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May 25, 2019

Why should younger guys steer clear of Jefferies? The said bonus claw back thing does not apply to the analyst class.

May 25, 2019

Some of the more senior guys on the thread were posting comments saying to steer clear from them if we're looking for places to SA.

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May 25, 2019

RBC! M&A group is doing the Suntrust BB&T Merger, seems as if they are trending in the right direction. Jeffries is a total sweatshop, if you don't plan on being a career banker I wouldn't touch with a 10ft pole.

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Most Helpful
May 25, 2019

Negative. Their FIG team is doing the deal. Deutsche seniors brought it over after being poached.

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May 25, 2019

Fair point. I read that Jason Braunstein was on the deal team and just kind of assumed, thanks for pointing out!

May 25, 2019

When did you get the jefferies offer if you don't mind me asking? Did you apply through a specific program?

May 25, 2019

Hi,

I received my offer 2 days ago. I received an invitation to an insight day they were hosting, but then got re-invited to interview for the position!

May 26, 2019

Was insight day for diversity?

May 25, 2019

In terms of a return offer, from what I've been told by analyst's at Jefferies, there is a full-time spot available for every deserving intern.

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May 25, 2019

I heard that RBC NY doesn't give interns return offers to a specific group (you get placed later). Can anyone confirm that?

May 25, 2019

If you get a return, you have the option of going back to the group you summered in or go back into the placement process.

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May 26, 2019
Comment
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