Top Chicago IB

w s's picture
Rank: Monkey | banana points 33

Background: Notre Dame sophomore looking into Investment Banking internships/jobs in Chicago.

Was wondering if there was a list or if people had suggestions of top IB firms and groups to start networking with.

Investment Banking Interview Course

  • 7,548 questions across 469 investment banks. Crowdsourced from over 500,000 members.
  • Technical, behavioral, networking, case videos, templates. All included.
  • Most comprehensive IB interview course in the world.

Comments (56)

Feb 1, 2019

Was on vacation there and tried to set up some coffee meetings but couldn't find a ton, ended up connected with a few alumni. Seemed like William Blair had the largest presence from what I could see on linkedIn but I could be wrong.

    • 1
Feb 10, 2019

Thanks for info. They've come up a fair amount, probably best MM in Chicago so wouldn't be a bad gig.

Feb 1, 2019

Citi, GS, and Barclays all have a strong Chicago presence.

Feb 1, 2019

All the BBs, Lincoln International, William Blair. Also know Houlihan, Greenhill, Lazard, Baird, Duff & Phelps, and others have significant presence.

    • 1
Most Helpful
Feb 1, 2019

Citi Chicago has the largest office of all the BBs in Chicago. Following would be GS and Barclays. MS no longer has junior staff in Chicago, only coverage MDs.

William Blair, Baird, Harris Williams, etc. are all reputable MM firms with large offices/headquarters in Chicago.

    • 6
Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Feb 1, 2019

Harris Williams doesn't have an office in Chicago.

    • 2
Feb 1, 2019

Apologies, you're right

Feb 2, 2019

also weird: at MBA associate level, GS doesn't do internships in Chicago. Not sure about at the analyst level

Feb 6, 2019

MS still has a few junior bankers in Chicago (and hires summers for the office).

Feb 1, 2019

I think all Chicago analysts are being relocated to New York.

Feb 6, 2019

I stand corrected then--my information is from the 2017 recruiting cycle.

Feb 2, 2019

For 2018, they hired summer associates in Chicago but gave them NYC full-time offers

Feb 1, 2019

Barclays - TMT
GS - Industrials
Citi - Industrials
Houlihan - Restructuring
JPM - Automotive
Macquarie - Education
Moelis - Telecom, but they do some other stuff
Blair - everything

Evercore, Rothschild and PWP are in Chicago, but all are 1 year old so not sure what their deal flow looks like yet

Feb 1, 2019

GS has a strong FIG group in Chicago, headed by Eric Neveux. Citi mainly focuses on industrials, but I believe their analyst program in Chicago is generalist.

    • 2
Feb 6, 2019

Moelis Chicago Telecom is outdated. They do not cover Telecom in that office.

They actually cover Food Retail, paper packaging, agriculture, FIG, and Tranportation / Logistics

Feb 7, 2019

You would be remiss not to include BMO Capital Markets.

100+ bankers (30+ MD/Ds) on IBD side in Chicago. Full coverage groups across Industrials, Food/Consumer, Real Estate. Sizeable LevFin & M&A group presence.

Feb 1, 2019

Well aware of BMO in Chicago. My list was intended to be the top groups in Chicago, hence why I left CS off since GS and Citi have better industrials/business services groups

Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Feb 1, 2019

Lazard has a large restructuring group in Chicago, if that's your thing

Feb 1, 2019
__tech_banking:

Lazard has a large restructuring group in Chicago, if that's your thing

Lazard has a large M&A practice in Chicago as well, headed by George Bilicic

    • 1
Feb 6, 2019

Is this traditional Lazard or Lazard MM?

Feb 1, 2019
ShelbyCompanyLimited:

Is this traditional Lazard or Lazard MM?

I was referring to traditional Lazard, but there is also an LMM office there too (both are above Chicago Cut)

    • 1
Feb 2, 2019

CS has a large industrials and business services group in Chicago

Feb 6, 2019

Both Sam Shah and Raghu Velamati who headed business services at CS are now at Macquarie. Not sure if they rebuilt the group out there.

Feb 1, 2019

I think they only headed Knowledge Services or something like that at CS. From what I've heard, the Macquarie Chicago office mainly does education deals, and has done like every education software deal in the past 2 years.

But CS lost 4 MDs in one summer (2 to GS, 2 to Macquarie), so wonder how that office is doing now. Know they were the go-to Business Services group on the street before that summer

    • 1
Feb 2, 2019

Can someone tell me how well known & the reputation of Dresner Partners in Chicago?

Feb 2, 2019

bump

Feb 6, 2019

Not sure about full-time, but I know people who have interned there in their junior year summer and ended up placing at BBs and MMs like Blair and Baird for full-time.

    • 1
Feb 2, 2019

Do you know if they hire interns?

Feb 8, 2019

Recognizable lower-middle market boutique in Chicago. Usually people leave to go to larger middle markets (Blair, Baird, etc.). Seems like deal flow has decreased over the years. Have heard some questionable things about culture.

Feb 2, 2019

I have off-cycle internship. People I spoke with were nice. However, Glassdoor comments are a few years old. They say they are MM??

Feb 2, 2019

Perella Weinberg Partners

    • 1
Feb 6, 2019

Greenhill Chicago is a solid shop for PE recruiting. They have a rather small analyst class every year (around 2-4?). Prior placements at solid UMM funds like Golden Gate and Pegasus. I know someone went to Warburg Pincus NYC (a little while back). Also from what I've heard, the outgoing analysts this year are heading to Silver Lake and Madison Dearborn.

    • 3
    • 1
Feb 6, 2019

What are typical buyside exit opps for Chicago IB analysts?

Feb 1, 2019
Jonny_1:

What are typical buyside exit opps for Chicago IB analysts?

Gee, do you think it depends on the group and firm?

Feb 6, 2019

Apologies, was referring to the firms that have been discussed thoroughly within the thread, the likes of Blair, Baird, Macquarie, PJC, HL, and satellite BB offices. Obviously group dependent but where is the average Blair analyst landing? Obviously they may be at a disadvantage in comparison to BB/EB NU analysts, but curious to see where they end up on average

Feb 1, 2019
Jonny_1:

Apologies, was referring to the firms that have been discussed thoroughly within the thread, the likes of Blair, Baird, Macquarie, PJC, HL, and satellite BB offices. Obviously group dependent but where is the average Blair analyst landing? Obviously they may be at a disadvantage in comparison to BB/EB NU analysts, but curious to see where they end up on average

Blair/Baird/HL into MM PE funds. Some of the BBs/EBs will place better (UMM/Mega).

    • 2
Feb 1, 2019

bump

Feb 6, 2019

Blair hands down if you want to stay in Chicago long-term. Baird is a step down, but very strong presence in Chicago

    • 1
Feb 6, 2019

William Blair seems like a good shop. I interviewed with them in school, was impressed with the culture/feel of it . . conservative, no nonsense approach. Not chasing the latest fad, just building their business in a slow and sustainable way.

I've heard good things about Moelis in CHI. Know a couple ppl who've been through there for internships and FT, all have said good things about it. They worked hard but learned a lot and liked the people.

Ditto for Jefferies, people pretty pleased in that office (by banking standards).

Lazard CHI blows, everyone hates it there. Somewhat true of the whole bank but especially CHI.

I'm less familiar with JPM/UBS/CS, except to say that they all hard large Industrials teams in Chicago when I was in school there 7-8 yrs ago, and they recruited heavily, but I don't know if that's applicable today.

    • 2
    • 3
Feb 6, 2019

Why the MS? Someone at Lazard offended? Sorry man, the kids need the truth. BTW, I heard Baird sucks too.

    • 1
    • 5
Feb 7, 2019

Any specifics you could share on Baird? Just curious what you've heard.

Feb 6, 2019

PJC's office there is pretty much all debt/restructuring.

Feb 1, 2019

Also have a FIG coverage team

Feb 6, 2019

Why go to Chicago when you can go to Milwaukee and work at Baird. Easily the best bang for your buck (get it?) if you are practical about it!

Feb 6, 2019

This may be dated knowledge, but pretty sure Baird's IB was mainly in Chicago. ER and the wealth management business were in Milwaukee.

Feb 1, 2019
IllumiNation:

This may be dated knowledge, but pretty sure Baird's IB was mainly in Chicago. ER and the wealth management business were in Milwaukee.

Majority is, I think the MD split is probably 30/70 MKE to CHI

Feb 6, 2019
CCme:

Easily the best bang for your buck (get it?)

I don't get it.

    • 1
Feb 6, 2019

Milwaukee Bucks

    • 2
Feb 1, 2019

How much of a disadvantage are Chicago BB/EB analysts at in comparison to their NYC counterparts when it comes to PE recruiting (MegaUMM) / top exit opps?

    • 2
Feb 15, 2019

Interested as well

Feb 7, 2019

I would definitely recommend looking at Baird. Its a great shop and is pretty underrated. Very friendly people and the company as a whole seems to actually care about its people (at least compared to other IBs).

Feb 8, 2019

I will be interning with BMO Harris in a middle office role in Chicago this summer. Any suggestions about how to go about setting up shadows with other bankers in the office/coffee chats with bankers from other banks?

Feb 13, 2019

Can anyone comment on JPM presence? Surprised they aren't talked about more given Chase tower / commercial bank HQ

Feb 1, 2019
Feb 15, 2019
Feb 15, 2019