Can’t get into BB Banks IBD without investment banking experience? Here's An Expert Formula That Works?
Students who’ve been following IBankCoaching know that the main source of income for IBD comes from the M&A business. The higher a company ranks globally and in Asia, the stronger its M&A business will be. There are many Y1/2 students who lack much relevant IB exposure, so they choose to join boutique firms as a starting point, and then jump to IBD of major BB Banks😍If you have limited IB experience but aspire to join IBD, this post is for you.
✅Explain why this ranking is so credible?
✅How many boutique firms are on the list?
✅What are the main work contents of these boutique firms?
✅Are there any intern/grad job opportunities available?
✅If not, what can I do?
This ranking is based on data from the Wall Street Journal that does ranking based on real-time data from major firms' M&A Deals. If students revisit the same website a few months later, the ranking will be different.
What is noteworthy is that there are actually 4 Boutique firms that have made it to the top 10 global/Asia M&A Advisors. Let’s take a closer look!
In the global ranking, two Boutique firms ranked among the top ten!
1️⃣ Centerview Partners
As per Wall Street Journal, Centerview Partners climbed from 12th place in 2022 to 3rd in the world in just one year😍. Besides M&A, the company provides financial restructuring, valuation and Capital Structuring plan; one thing worth noting is that the company also has its own PE Fund! However, of course, the most important thing for students is whether this company has hired anyone? Students from the UK🇬🇧 are in luck this time! Centerview Partner has started recruiting summer interns and graduates. Please save the next post and prepare to apply!
2️⃣ Guggenheim Partners: They jumped from 43rd in 2022 to 9th in the world in one year! The increase is really impressive. Besides IBD, their performance in Asset Management, Capital Markets, and Insurance Services is quite good. However, there are currently no openings between Hong Kong and the UK, but it remains to be seen whether there will be any openings in the future.
In terms of rankings in Asia (excl Japan), 2 more are worthy of attention!
3️⃣ JonesTrading- Rose from no ranking last year to 5th place this year. It's evident that their efforts have paid off! In addition to Zuo M&A, its Equity & Prime Brokerage is doing very well! Similar to Guggenheim, JonesTrading does not openly recruit intern/grad students. If you want to get the latest info, follow IBankCoaching!
4️⃣ Chardan Capital
Their rise is remarkable! Up from 50th to 6th last year. These top companies also offer IPOs, FPOs, SPAC Transactions, and more. They mainly target emerging firms and institutional investors in healthcare and tech sectors. Chardan Capital has a Research Solution location- check their official website.
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