What BB bank would you NOT want to work for right now?
Any thoughts.. especially with all the recent problems.
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Wachovia, BofA, Citi
Bear, ML, Citi (Since when is a Wachovia is a BB?)
Since when is Bear a BB? It has never been one. BB only means the following 8 banks: GS, MS, ML, LEH, CS, UBS, Citi, JPM.
Bofa (I know its not a BB) and Citi
been a rudderless ship for a long time. the people's also not great. the politicking at Citi is legendary.
Trust me, I know Wachovia and BofA aren't bulge brackets but I threw them in because plenty of people on this board seem to lump them in with the big hitters just because of their size. Either way, I wouldn't want to be starting my career there now.
is it a BB
CS isn't really a Bulge Bracket anymore
That's true, about CS barely being a BB anymore. While there are massive write-downs going on at a lot of the BB including Merrill, Citi, JPM, etc. CS and UBS, in terms of IBD, are simply not on par with those BB banks. So I'd certainly prefer any of the others over CS or UBS.
DB is most assuredly NOT a BB and never has been. CS IBD has totally gone down the tubes since the '90's and it is probably a good call by wildwest that most people don't consider it a bulge anymore; it's certainly weak sauce these days compared to Citi or ML no matter how many write-downs the latter take. UBS has to be the worst place for bankers right now, hands down. Between letting Moelis and his minions go and capping comp at $700K, it seems they have completely forgotten their IBD exists.
For ML, people confuses its brokerage strength with its IBD. ML's IBD has always been very weak (especially M & A). It has nothing to do with the recent write-downs.
Agreed. I would LIKE to be at Goldman, Lehman or Morgan Stanley ideally. I'd take JPM too.
Don't work at CS, but you guys are idiots if you don't consider a bank that's top 6 in IPOs, financings, and M&A to be a bulge bracket. This forum is retarded. How many people actually work in IB?
You could make a VERY weak case for CS being the very last bulge, but you'd be hard-pressed. They're just not shadow of what they used to be and not nearly as good as what most people consider the "bulge bracket" i.e. GS/MS/LEH/CITI/ML/JPM.
I don't consider Citi and JPM "bulge brackets" - their positions in the league tables are artificially inflated because of their balance sheets. in the majority of those deals, their bankers don't do anything on the advisory side. they just provide capital. It'll be interesting to see their league table positions in Q4 with the credit crunch and impaired balance sheets.
Why'd you retract your comment about CS being a bulge bracket Danny??? You're still getting your MBA with zero IB experience. You claim to know how much actual "advising" Citi and JPM do? One of the most absurd comments on this board I've ever heard. How the hell are you going to say those 2 banks aren't BBs? You would consider CS a bulge and not Citi or JPM? Just keep reading your league tables and pretending like you have a clue about what's going on. What a joke.
you don't need to be in the industry (yet) to know what's going on. you can network, and you can have connections, or you can have some brains. You obviously have none of these. You are a joke. You ought to be whipped and chained to the photocopier.
Of course, nystateofmind, you are at the top of the game as an analyst. you know everything that's going on. You are not just a excel and Powerpoint production monkey. You don't have to clean up after your associates and VP. you don't have to work at 4 am while your associates and VPs are in bed. Of course, you know everything in the industry. Everyone listen to nystateofmind, the first year analyst who knows everything. Ha.
Hahaha Citi and JPM aren't BBs, eh? Somebody didn't get an offer!
Harsh words from the unemployed. Both Citi and JPM are widely considered top flight, bulge bracket investment banks. Maybe if either had offered you a position, you wouldn't be so bitter. Get some industry experience before waxing so doctrinaire.
You assume that only people who do not/could not/are not working at these banks would criticize them. It's only people like you who have nothing else to live for, who pegs his entire self-esteem and identity to the workplace would think that way. Maybe your parents didn't do a good job, or maybe it's just you. Ouch.
Oh sure, I am unemployed, but many people would want to be unemployed like me - with four BB offers to choose from and several sell dinners to attend, I certainly have a whale of a time being unemployed. ha.
Dan, Dan, Dan, you sad, sorry little man. Uou really do crack me up, I must say. Rather than perpetuate your juvenile rubbish, I'll leave you with a quote to ponder as you continue to spew your vitriolic nonsense at every last corner of this board:
"Ad hominem attacks are the last bastion of scoundrels" - Winston Churchill
oh, I am off to bed now. To the two little morons above, don't curse your life at 4 am in the morning. I'll expect your replies when I wake up tomorrow.
Danny_ish... do you have a life? Seriously? Or is your life really so pathetic that you absolutely need to boast on the internet about how great you are for a brief ego boost? All you do on these boards is talk about how awesome you are and how anything not related to you isn't worth squat. Got nothing going for you outside of the virtual world? I'd imagine so, considering your absolutely awful personality. I'd much rather be poor and working at McDonalds than be a rich ibanker, yet, a complete dick with no friends, as my caustic superflated ego drives everyone away (yet, I don't realize that I'm sadly just compensating for deeply embedded insecurities). You've been in more disputes with more people on this board than I've ever seen in my life. Every post you make is intended to condescend on someone. Why do you want to be part of a community where 90% of the members hate you? Seriously, go get a girlfriend or something.
I honestly hope some admin realizes how big of a prick you are and how little you contribute to these forums and bans you. Your world would probably fall apart.
Do you think I care whether retards like you like me or not? You overestimate your own importance. It's just fun for me to come on this board and remind insignificants like you of your crappy life. Ha.
Seriously, this is just sad.
I think it is funny that this is the same guy who was asking questions about how to handle his analysts just the other day when he starts in IBD in 2008! Not to mention he thought every one of them was going to be rogue and ruin his life.. what a joke.
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