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

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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.

Region

Comments (18)

 
May 25, 2019 - 11:00am

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?

Array
 
May 25, 2019 - 2:05pm

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.

Array
 
May 26, 2019 - 2:11pm

If you want to do LevFin / Sponsors, Jefferies is your spot. They’re an unregulated bank so they can do things like put out 7.5x leverage stapled financing. Culture-wise I don’t know much about either beyond that Jefferies broadly appears to be pretty sweaty while RBC Industrials (don’t know about the other groups) seems to have some serious face time culture. One pretty cool thing about RBC Industrials is they have Rosenbaum, as in the guy who wrote the Investment Banking 101 book you college kids all learn from.

 
Oct 30, 2019 - 7:04pm
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