Most Desirable Product/Coverage groups of BBs and EBs in Singapore?
What are the most desirable product/coverage groups in IBD in Singapore?
I've researched r/financialcareers, YouTube, and this platform and learnt about the more renowned industry groups across various BBs and EBs, but this knowledge only applies to NYC/the USA.
As an 18-year-old Singaporean who will be matriculating into a local target university, I'd love to learn more about the stronger deal teams in Singapore's IB scene in terms of exit opportunities (PE/HF/AM), total compensation, WLB, and culture.
Anecdotally, the more desirable groups in the US would look a little like this :
JPM : M&A, Healthcare
MS : TMT
PJT : RX
CVP : Healthcare
Evercore : TMT
PWP : RX, Healthcare
Of course, these are just a couple of BBs and EBs off the top of my head. Please let me know a list of the top groups in Singapore and include more firms like Lazard, Moelis, Guggenheim, Rothschild etc. It would also be helpful to give anecdotes about your experience working in any of these firms!
Thank you :)
Hi A Leveraged Sellout, any of these topics helpful:
More suggestions...
If those topics were completely useless, don't blame me, blame my programmers...
There isn’t.
Singapore IB is small enough, there isn’t a huge specific coverage group like in the States.
If you join a BB as a SA, you will all be in the generalist pool
Agreed with the poster above. Singapore’s very small and you need to think of banks rather than groups. But also note that BB ranking in APAC is slightly different than in the US.
My data is slightly outdated, but I rmb CS being considered a half decent BB in Asia, though hard to say that in the US for CS. MS also regularly outmuscles GS. GS doesn’t carry the same weight in Asia especially after the scandal. I also don’t see BoA and Citi in many M&A transactions.
As for EB, I think Evercore is the only one that is regularly competing against the top BBs in Asia. Think they ranked as the top for M&A even amongst all the BBs for a few years in a row in Singapore. Haven’t seen Lazard compete for any M&A deals in Asia. Also I don’t think Centerview is even in Asia - literally never heard of them. Same for Moelis or PWP.
If you land at decent BB or Evercore, you should be fine.
I see… what a shame about the absence of some notable EBs here… it only means fewer chances of breaking into IB.
How have you survived in the industry for 5-6 years? How did your hours and TC improve over the years? Why didn’t you make the switch to the buyside?
It's hard for EBs to do well in Asia, since it's a more cap mkt driven region with only a handful of real M&A's. Given that, it's impressive to see how well Evercore is doing. Maybe its smaller competitors may follow in the future, but unlikely given lack of scale compared to larger independents like Evr.
Hours are similar until ED/MD. And did make a move to buyside. Pay is however better in banking until carry kicks in at the partner level.
How is Deutsche's and Barclays' presence?
Both are quite weak. Their S&T not bad
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