have any disagreements? lmk what you think! also pls note that i'm not trying to look down on any bank - moreso trying to give a pros and cons of each and info about how each one is doing 🖥Wall Street Prep🖥 ► Use code RARELIQUID for 20% OFF on any course! ► gv142.isrefer.com/go/rliquid/rareliquid/ 🚀Career Resources🚀 ► My AI Newsletter - rarecandyai.com/ ► How to get into investment banking (SIGN UP) - forms.gle/wt4cZrezbxVgNzGUA ► Download Financial Models - rareliquidcareers.com/models ► Join the rareliquid Discord Community - discord.gg/AHnxBUGTwt
I really like your videos, this one very insightful so thank you :). Can you do some more regarding the Hedge Fund Industry, and the types of strategies different funds use etc. I think I would enjoy you talking points.
It would also be great if you could interview someone who has worked in this industry. as I love your talks with other professionals within Private Equity, Investment Banking, Consulting, Venture Capitalist worlds, as they talk in depth within the this careers!
Ben please give me an answer, why a lot of economics degree (as the first degree) holders are more common in executive levels like CEO,COO,CFO in investment banks like JPMC,Bank of america??
I am going to have to say your JPM ranking is a little outdated. Its been in these last 2 years that they have truelly came to par with MS and GS. M&A at JPM is now more desirable than MS M&A, HC is obv number 1 on the street, Top FSG, Tied for top FIG and Industrials, Levfin doesn't model but still has great exits to private credit and thus near top of street, C&R tied for number 1, DCM obv number 1, ECM only slightly behind MS. Tech is the only group that holds JPM back and that gets better each year. O and RE is tied with BOFA for 1st. So 4 undisputed top groups, 4 Tied for 1st, and near top in ECM Tech and Levfin isn't good enough for S tier?(JPM M&A is better than MS because greater deal flow and you don't have the demon staffer)
i love that i'm getting jpm love in the comments haha i bet if i put jpm in the s tier ppl would comment that it should be in the a different tier anyway, thanks for all the helpful additional context! i think what holds jpm back is its history of exit opps being just a tad weaker than GS and MS. All 3 firms can get you anywhere if you are at a great group / work hard / are a great candidate. but jpm historically just a lil weaker and that causes a lot of analysts to take GS / MS over JPM regardless of JPM's improvements. also if what you're saying is indeed true re 4 top groups and 4 tied for first, i'd like to see jpm at #1 on the league tables btw for those reading this i was in jpm healthcare so trying to remain as unbiased as possible!
@@rareliquid The exits always lag group performance by 2 to 3 years and its really been in these last few years JPM has surged. If you strip out tech JPM runs away with the league tables. The issue is Tech is just such a large revenue generator and JPM competes with Citi for 3rd. Also O&G is the last few years has been hot and JPM again is competing for 3rd or 4th place there. Stripping out tech puts JPM ahead. Stripping out O&G and Tech JPM stands a mile ahead of 2nd place. GS has bleed 4 tech rainmakers(1 to Q 3 to Evercore) combine that a large JPM push to capture emerging tech markets (Austin and Dallas) I doubt they will overtake GS or MS in tech but the gap will narrow greatly. O&G is done for. I'll call it here now JPM wins the league tables next year.
@@rareliquid PE exits lag IB performance by 2 to 3 years and its really been these last few years that JPM has popped off. The sole reason they don't lead M&A league tables is Tech. They are distant 3rd and tied for 3rd with Citi. If you strip tech out of M&A rankings they are in lead by a mile. GS has lost 4 tech rain makers ( 1 Q 3 Evercore). San Fran is rapidly fading in tech dominance. JPM has invested heavily in the next up and coming tech space (Austin and Dallas). I don't believe they will over take MS or GS but MS and GS will fall back or stagnant a little and JPM will massively narrow the gap leaving Citi in a distant 4th. I will call it here and now JPM wins number 1 in M&A league tables next year AND exits will briefly be equal then superior to MS and GS.
@@rareliquidsome people like to hate on other people’s products because they spent all that time and energy on criticism instead of creating things themselves
@@MrYolrs im not trying to criticize any bank lol i talk about the good and bad about each and try to provide a realistic opinion about the competitive landscape
have any disagreements? lmk what you think! also pls note that i'm not trying to look down on any bank - moreso trying to give a pros and cons of each and info about how each one is doing
🖥Wall Street Prep🖥
► Use code RARELIQUID for 20% OFF on any course!
► gv142.isrefer.com/go/rliquid/rareliquid/
🚀Career Resources🚀
► My AI Newsletter - rarecandyai.com/
► How to get into investment banking (SIGN UP) - forms.gle/wt4cZrezbxVgNzGUA
► Download Financial Models - rareliquidcareers.com/models
► Join the rareliquid Discord Community - discord.gg/AHnxBUGTwt
Can you do the same for Canada? Curious to see how these would change
When will part 3 of dcf and lbo model you will stream?
in the next 1-2 months
Can you do one for consulting as well? Love your videos! :)
There’s a lot of instability and layoffs still even in the front office of Citi
Rip nomura 😂
Now after CS merge I see UBS moving more and more upwards towards A tier. Let's see what time brings.
CS was never in A tier I would’ve placed it on par with bofa but lil better but they crashed and burned so 🤷♂️ lol
Ben how do you stay up to date on all this (work culture, stance in the market, patterns of hiring /MD impact etc.?)
I would think top group at Jefferies would be Tech? They have been top of the mid-markets in terms of their Tech deal flow
As an Australian, I take issue with your pronunciation of Macquarie!
Can you get into IB with a masters degree in Econ / Financial Econ / Quant Econ ?
Could you do the Same in the Future for Consulting firms?
yup!
Where would you place Nomura? Just wondering 🤔
Nice
Ben, a usage question: the phrase "on the up and up" means honest and trustworthy. Did you intend to convey that in your company descriptions?
no what i mean by that is that it's on the rise and improving
I really like your videos, this one very insightful so thank you :). Can you do some more regarding the Hedge Fund Industry, and the types of strategies different funds use etc. I think I would enjoy you talking points.
It would also be great if you could interview someone who has worked in this industry. as I love your talks with other professionals within Private Equity, Investment Banking, Consulting, Venture Capitalist worlds, as they talk in depth within the this careers!
yup am planning to interview some ppl in the hedge fund industry! just hard to pin someone who's willing to interview publicly
@@rareliquid That is great to hear, Ill be staying tuned to your channel!
Could you please refer in one these investment bank??
can't wait to see part 2. I was kinda surprised to see UBS at the bottom of B
Surely ubs at a?
UBS forte is PB which is basically a non-finance job
Yeah I see UBS more at A. Especially now after merger with Credit Suisse.
Ben please give me an answer, why a lot of economics degree (as the first degree) holders are more common in executive levels like CEO,COO,CFO in investment banks like JPMC,Bank of america??
where is the league table from ben?
factset
2:30 isn’t that tying products?
What about Eastdil Secured?
No fidleity?
Part 2 will be London focused?
nope will be more focused on elite boutiques
Disagree with the JPM ranking other than that it’s good
well that’s where i worked so i’m not mad about u disagreeing 😂
@@rareliquid that’s why I like your content. It’s not like my way or the highway
I am going to have to say your JPM ranking is a little outdated. Its been in these last 2 years that they have truelly came to par with MS and GS. M&A at JPM is now more desirable than MS M&A, HC is obv number 1 on the street, Top FSG, Tied for top FIG and Industrials, Levfin doesn't model but still has great exits to private credit and thus near top of street, C&R tied for number 1, DCM obv number 1, ECM only slightly behind MS. Tech is the only group that holds JPM back and that gets better each year. O and RE is tied with BOFA for 1st. So 4 undisputed top groups, 4 Tied for 1st, and near top in ECM Tech and Levfin isn't good enough for S tier?(JPM M&A is better than MS because greater deal flow and you don't have the demon staffer)
i love that i'm getting jpm love in the comments haha i bet if i put jpm in the s tier ppl would comment that it should be in the a different tier
anyway, thanks for all the helpful additional context! i think what holds jpm back is its history of exit opps being just a tad weaker than GS and MS. All 3 firms can get you anywhere if you are at a great group / work hard / are a great candidate. but jpm historically just a lil weaker and that causes a lot of analysts to take GS / MS over JPM regardless of JPM's improvements.
also if what you're saying is indeed true re 4 top groups and 4 tied for first, i'd like to see jpm at #1 on the league tables
btw for those reading this i was in jpm healthcare so trying to remain as unbiased as possible!
@@rareliquid The exits always lag group performance by 2 to 3 years and its really been in these last few years JPM has surged. If you strip out tech JPM runs away with the league tables. The issue is Tech is just such a large revenue generator and JPM competes with Citi for 3rd. Also O&G is the last few years has been hot and JPM again is competing for 3rd or 4th place there. Stripping out tech puts JPM ahead. Stripping out O&G and Tech JPM stands a mile ahead of 2nd place. GS has bleed 4 tech rainmakers(1 to Q 3 to Evercore) combine that a large JPM push to capture emerging tech markets (Austin and Dallas) I doubt they will overtake GS or MS in tech but the gap will narrow greatly. O&G is done for. I'll call it here now JPM wins the league tables next year.
@@rareliquid PE exits lag IB performance by 2 to 3 years and its really been these last few years that JPM has popped off. The sole reason they don't lead M&A league tables is Tech. They are distant 3rd and tied for 3rd with Citi. If you strip tech out of M&A rankings they are in lead by a mile. GS has lost 4 tech rain makers ( 1 Q 3 Evercore). San Fran is rapidly fading in tech dominance. JPM has invested heavily in the next up and coming tech space (Austin and Dallas). I don't believe they will over take MS or GS but MS and GS will fall back or stagnant a little and JPM will massively narrow the gap leaving Citi in a distant 4th. I will call it here and now JPM wins number 1 in M&A league tables next year AND exits will briefly be equal then superior to MS and GS.
Ben where is the part 3 of dfc please
bro that is not how you pronounce Macquarie
srry mate
first
Bro worked only 2 years on IB and has already started ranking other IBs.
What an amateur 😂
They are all evil.
As a PE headhunter, I can tell you this ranking is BS and not even half complete...
it literally is half complete lmao this is part 1 of part 2 and i said that in the video
@@rareliquidsome people like to hate on other people’s products because they spent all that time and energy on criticism instead of creating things themselves
@@liminfer8380saying that to defend a video of a dude criticizing banks is ironic lmao
@@MrYolrs im not trying to criticize any bank lol i talk about the good and bad about each and try to provide a realistic opinion about the competitive landscape
@@rareliquid don't care bro do your vids it's interesting I was just pointing out how stupid that guy's argument was. Critizising is part of the game.
tier s is shannonside capital
Ben where is the part 3 of dfc please
+1