Strengths and Weaknesses of the Bulge Brackets?

Looking for Strengths and Weaknesses of the main BB in Global Presence&Domestic/Industry that they really shine in/Reputation and any other key information. Also the drawbacks.

I am really short on time to really go through each BB web site and do the research. Is there a previous thread of the key strengths and weaknesses of the main BB? If not, people that are interested in this posting, if you can help me out. It would be greatly appreciated. Thanks again

 
Best Response

http://www.thomson.com/solutions/financial/investbank/leaguetable_home/ Look up the rankings if you havent already.

For Emerging markets (particularly Russia) Deutshe Bank is the best at the moment, followed by MS, Citi and Credit Suisse (now this is based from my own research, and questions I have asked at interviews) I might be COMPLETELY wrong...

And really look up thomson.


I want to work now! No, really. I want those 100+ hours/week.

 
bulge_bracket_bernanke:
Top energy groups: Citi, Barclays, GS (in that order imo)

Top FIG groups: GS, MS, JPM (not as sure on this one)

Citi and Barclays over JPM NatRes? keep dreaming.

 

Agree with bugle bracket, Barclays (Lehman) has historically been the most dominant Nat Res group on the street. CS also used to be very good, but has lost a lot of momentum recently. Citi Energy has also come up out of the credit crisis with a lot of momentum. GS is also obviously a historical powerhouse in the space, although not historically as strong as Lehman.

 

Are you looking to work out of New York? Because if you want to do oil and gas specifically, you will need to be in Houston. Some groups have split oil and gas operations between Houston and New York, but if you want to be in one of the top groups, they execute everything out of Houston so that's where you will need to be. You will want to shoot for Barclays, CS, Citi, BAML or JPM (in that order).

 
MrGordonGrowth:
Are you looking to work out of New York? Because if you want to do oil and gas specifically, you will need to be in Houston. Some groups have split oil and gas operations between Houston and New York, but if you want to be in one of the top groups, they execute everything out of Houston so that's where you will need to be. You will want to shoot for Barclays, CS, Citi, BAML or JPM (in that order).

Thanks. I seriously didn't know that. Btw, is the list for energy groups?

 

Plenty of these threads have been posted (albeit with some misinformation) but for for Oil & Gas groups in Houston -

(in rough tier order)

Barcap - top 3 group, strong energy PE placement, not quite as dominant as legacy Lehman JPM - good group for all products GS - lean office, top group for M&A BAML - strongest in capital markets and asset divestitures

Citi - effects of UBS hires yet to be seen, historically solid group CS - used to be top tier group, seems to have fallen off MS - not well known in energy space

If you are serious about oil & gas, you should also consider:

Jefferies - Houston is a top Jefferies group, lots of deals done around shale plays (both assets and m&a) TPH - boutique gaining steam, fairness opinion machine Simmons - top boutique, decent PE placement and deal flow

Many people talk about Barcap and JPM executing in NY with their M&A/Energy groups but I really wouldn't worry about that. You will see deals from start to finish in Houston even if a NY banker is brought in the mix. Oil and Gas is the most active sector right now so Houston is a good place to be.

These rankings would change slightly if you're interested in Power which the NatRes groups in NY focus on.

 

From what I understand:

  1. Doing oil&gas banking out of NY means you get pushed aside by the Houston office on the other end who actually sees a deal through. Might not matter as much at the jr. level.

  2. Top 3 groups are: Barclays, CS, Jefferies

The #3 spot is obviously contentious, but if Jefferies isn't 3rd it is at least tied for 3rd with other BB names. Barclays hands down #1 as a carry over from the Lehman days.

 

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