Comments on: Bulge Bracket Banks: The Dream of Aspiring Bankers Everywhere?

By: Eric

Eric — Fri, 09 Oct 2020 16:41:34 +0000

FWIW, UBS’ market cap is also quite a bit higher than those of its European BB peers (as seen in recent merger rumors).

Think you made clear in the Q&A that your fee metric excludes wealth management, but would also flag their existing presence and/or growth potential in attractive, insular IB fee pools (e.g. Australia, China, Brazil JV), where Wells/RBC are likely unheard of…

By: M&I - Brian

M&I - Brian — Tue, 02 Jun 2020 00:42:24 +0000

In reply to Florian. Thanks, but it's probably not going to happen because that information changes frequently, so this article would need to be researched and updated frequently. I've run this site for 13 years and am honestly pretty tired of repeatedly writing about these topics. And the business case for hiring someone to research and write about them doesn't exist.

By: Florian

Florian — Sun, 31 May 2020 22:07:46 +0000

I think it’d be really cool if you could write a short summary on which products the bulge brackets do well in relatively to their competitors

By: M&I - Brian

M&I - Brian — Mon, 23 Mar 2020 03:08:53 +0000

In reply to TYW. Because it has been in this group for decades, and it takes time for these changes to happen. I would also argue UBS is still more global and diversified than the MM and IBAB banks. But we may remove it eventually.

By: TYW

TYW — Sun, 22 Mar 2020 05:30:32 +0000

Hey Brian, I was wondering why you still include UBS as a BB when it generates lower fees than Wells, RBC, and a few other MM banks?

By: M&I - Brian

M&I - Brian — Mon, 09 Mar 2020 02:27:47 +0000

In reply to Christian.

Switching banks after an internship tends to be difficult, and is generally not a great idea unless it’s a year where banks have seriously under-hired (i.e., not this year, when a virus is about to kill millions of people). Lateral hiring tends to be a better option because people start dropping like flies once their full-time roles begin.

https://mergersandinquisitions.com/investment-banking-accelerated-interviews/
https://mergersandinquisitions.com/lateral-hiring/

By: Christian

Christian — Fri, 06 Mar 2020 04:03:45 +0000

Hey Brian,
Great article! It really helps clarify the pros and cons to working at a BB. On that note I have a more personal question, this summer I will be interning at one of the Asian In-Between-a-Banks (IBABs) that you mentioned in one of your previous posts. Since I am not too sure if IB is something I want to do for my entire career, I have been thinking about possibly full time recruiting or lateraling to a BB to expand my opportunities. I go to a complete non-target and I was one of three students in my class to get an IB offer, so I feel like I had to take it. What are your thoughts on my plan to recruit full time/lateral and do you have any articles on this?
Thanks!

By: M&I - Brian

M&I - Brian — Tue, 07 Jan 2020 20:17:08 +0000

In reply to Ryan. Assuming you get a return offer, no. There's not enough of a difference to justify the effort, and your plans could easily change over 1-2 years anyway.

By: Ryan

Ryan — Mon, 06 Jan 2020 18:39:08 +0000

Hi Brian,

Great article. Would you recommend re-recruiting for FT for a GS,JPM,MS,EVR,PJT if one has a summer IB offer at Citi/BAML? In terms of PE Placement/Business School Admissions/Long Term Credibility?

Thanks for your help!

By: M&I - Brian

M&I - Brian — Fri, 22 Nov 2019 05:05:07 +0000

In reply to zenni. Yup, those are good points. More transaction work instead of private placements / capital markets work, higher compensation, and just-as-good exit opportunities.