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Bulge Bracket Banks: 2024 Edition

Mergers and Inquisitions

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. What is a “Bulge Bracket Bank”? The name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal.

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Can I Still Make A Move This Year?

H. Friedman Search

The larger bulge bracket firms and banks definitely take the longest time to get one started. If things are heading the way you want, finish the interview process, get and sign your offer, and wait for the bonus to be paid in 2024. Also, if you have any sort of garden leave, that has to be factored in as well.

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05-26-2023 Newsletter: Why It Makes Sense To Get PE Recruiting Done As Early As Possible

OfficeHours

Most would say that Private Equity recruiting happens far too early — this year, especially pre-Labor Day On-Cycle 2024 Recruiting started with New Mountain Capital, Carlyle, and Permira, amongst a couple of the initial firms going. You can read more about the entire list here in our Newsletter: Interviews Started for 2024 On-Cycle.

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Asset managers not prioritising research budgets as prospect of rebundling looms, study finds

The TRADE

As a result, in 2023, asset managers are consuming increasingly more from their core bulge bracket providers as they aim to be cost efficient and manage budgets in what has turned out to be a challenging market environment for active managers. since 2022 – now at 54.6%. since 2022 – now at 54.6%.

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Portfolio trading is on the up but only some can make it pay

The TRADE

Changing interest rates have made efficient risk management capabilities essential for success in portfolio trading and while rate cuts are already being priced in for 2024, whether or not these will come to be a reality is a question for next year. In light of the current market environment, demand portfolio trading has continued to grow.

Portfolio 104
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Investment Banking in India: Please Avoid It and Try Again in Another Country

Mergers and Inquisitions

based bulge brackets (GS, MS, JPM, Citi, and BofA) are the strongest international banks, and Avendus, Kotak, JM Financial, ICICI, and Axis are the strongest domestic firms. Among the bulge brackets, the U.S.-based based firms (GS, MS, Citi, JPM, and BofA) tend to perform best.

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07-08-2023 Newsletter: On-Cycle 2025 FAQs

OfficeHours

Private equity giants are still racing to fill 2024 associate seats. Mindset Change: From M&A To The Buyside A few years ago, I made the shift from a bulge bracket firm, where I was focused particularly on M&A, to a buyside fund investing across the capital structure. Start your journey today.