Is RBC a bulge bracket?
In Canada we are a bulge-bracket firm. In the U.S., we focus on the mid-market. In Europe and Asia, we are a debt-driven investment bank. In Canada we are a bulge-bracket firm.
Work-life balance at bulge brackets tends to be less enticing, but the resume power and skills learned with large deals can have enormous benefits for an employee's career trajectory. Bulge bracket banks tend to offer more powerful training materials to new hires.
The short answer is that there's no universally-agreed-upon cutoff, but most people would say that these firms (Wells, HSBC, RBC, CITIC, Mizuho, etc.) are NOT bulge brackets because they're not diversified in the same way.
These recognitions are a testament to the strength of our Global Research Team, which continues to achieve incremental recognition year over year, furthering our reputation for delivering high-quality investing insights and for developing and attracting the street's top talent.
It's not easy to get into Evercore. The boutique M&A firm has some of the hardest interviews in banking, according to Wall Street Oasis. The implication is that Evercore is in no hurry to offer its jobs to any old body.
Extremely Competitive to get into Bulge Bracket Banks: Hundred thousands of applicants apply for an internship and a job at Bulge Bracket Banks, and only around 2% receive offers.
Based on regional deal flow and political influence, UBS is considered one of the "biggest, most powerful financial institutions in the world". The company's capital strength, security protocols, and reputation for discretion has yielded a substantial market share in banking and high level of brand loyalty.
Ranked among the top 2 percent of universities in the world, Macquarie University is considered one of Australia's best universities, producing graduates that are among the most sought after professionals in the world.
RBC Capital Markets has been named Best Investment Bank in Canada as part of Euromoney's 2019 Awards for Excellence. As the recipient of this award for 12 consecutive years, we are proud of our continued leadership position in the Canadian market along with our unique cross-border and global capabilities.
...
Tier 1 capital ratio at Wells Fargo from 2009 to 2021.
Is Goldman Sachs a Tier 1 bank?
Tier 1 – J.P. Morgan, Goldman Sachs, Citigroup, Bank of America, Morgan Stanley. Tier 2 – Deutsche Bank, Barclays, Credit Suisse, UBS. Tier 3 – HSBC, BNP Paribas, Société Générale.
There is often debate over which banks are considered to belong to the bulge bracket. Membership implies prestige, but there are no precise criteria for inclusion and financial power is transient.
Liontree Advisors was another elite boutique bank founded by two UBS veterans, the firm focuses on media-related advisory. PJT Partners was named after Paul J. Taubman, an ex-Morgan Stanley banker.
Bulge-bracket firms in tier one include Goldman Sachs, Bank of America, Morgan Stanley, J.P. Morgan, Citi, Barclays, Credit Suisse, UBS, Deutsche Bank and Nomura.
- Bank of America Merrill Lynch.
- Barclays.
- Citi.
- Credit Suisse.
- Deutsche Bank.
- Goldman Sachs.
- J.P. Morgan.
- Morgan Stanley.
As a catchall term for this class of large global investment bank, "bulge bracket" commonly refers to Bank of America Merrill Lynch, Goldman Sachs, Barclays Capital, Credit Suisse, Deutsche Bank, JPMorgan Chase, Citigroup, Morgan Stanley, and UBS.
Wells Fargo is the classic example of the “In-Between-a-Bank”: Technically, it's not a bulge bracket, but it's also not a boutique or middle market firm. It's strong in debt and ranks among the top banks there, but doesn't do as much M&A advisory business.
Bulge-bracket firms in tier one include Goldman Sachs, Bank of America, Morgan Stanley, J.P. Morgan, Citi, Barclays, Credit Suisse, UBS, Deutsche Bank and Nomura.
