Investment Banking in France
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Original post by KLL
that should discredit you even further...
do you even know what all those words you use mean?
do you even know what all those words you use mean?
Enlighten me.
Original post by Theconomist
http://www.businessweek.com/news/2010-08-26/credit-agricole-profit-rises-89-on-investment-bank.html
Have fun
.
24.4 billion euros net worth.
Obviously I'm not counting Bank de France, they don't even recruit anymore.
Have fun
.24.4 billion euros net worth.
Obviously I'm not counting Bank de France, they don't even recruit anymore.
2nd largest bank and 2nd largest IB is not the same....
Original post by dogfights
2nd largest bank and 2nd largest IB is not the same....
They aren't Goldman sachs but still...
Original post by Theconomist
They aren't Goldman sachs but still...
dont know what you are trying to say with this. you said that CA is the second largest IB in France. As a evidence of this stupid claim you give us a link in which it states that CA is the second largest bank in France. Good job mate....
Original post by dogfights
2nd largest bank and 2nd largest IB is not the same....
Market cap:
887771 BNP PARIBAS 63.636,87
873403 STE GENERALE INH. EO 1,25 36.089,49
982285 CREDIT AGRICOLE 29.240,21
853760 NATIXIS S.A. INH. EO 1,6 11.946,63
CA isn't even 2nd largest anymore.
Original post by Theconomist
They aren't Goldman sachs but still...
Original post by Theconomist
They aren't Goldman sachs but still...
Banque de France is a central bank not an IB. That CA is the 2nd largest french bank according to that article, doesn't mean they're the second largest IB. Lloyds TSB isn't the largest IB in the UK either.
By pretty mich any measure BNP Paribas and SG CIB are the top2 in france with CA CIB palying second fiddle along with Natixis.
And "net worth" is not the same as market capitalization or value.
Original post by Theconomist
http://news.hereisthecity.com/2011/03/19/credit-agricole-announces-investment-banking-appointments/
(Feel free to check where all of these people went to uni.)
http://www.graduates.bnpparibas.com/investment-banking.html
(Again same here)
I think I just listed the two biggest investment banks in france.
http://en.wikipedia.org/wiki/BNP_Paribas#Notable_current_and_former_employees
I'll be sure to provide anymore proof if you still don'tbelievethat theprivate unis arethereal feeders and even that is an overstatement since they recruit only the very top of the graduates in maths,economics and engineering for training program the rest of their bankers are internally recruited.
Of course if you are some sort of genius you can go ahead and take the Parisbas yearly challenge which would be the equivalent of having a golden ticket to the chocolate factory.
(Feel free to check where all of these people went to uni.)
http://www.graduates.bnpparibas.com/investment-banking.html
(Again same here)
I think I just listed the two biggest investment banks in france.
http://en.wikipedia.org/wiki/BNP_Paribas#Notable_current_and_former_employees
I'll be sure to provide anymore proof if you still don'tbelievethat theprivate unis arethereal feeders and even that is an overstatement since they recruit only the very top of the graduates in maths,economics and engineering for training program the rest of their bankers are internally recruited.
Of course if you are some sort of genius you can go ahead and take the Parisbas yearly challenge which would be the equivalent of having a golden ticket to the chocolate factory.
I don't even know where to start.
(edited 13 years ago)
omg, this thread can definitely be quite misleading.
To keep things short, the best track to IB in France is definitely Grandes Ecoles.
I may be forgetting some, but basically it's going to be:
Engineering:
Ecole Polytechnique (although many graduates may not be interested in IB, if they are and have the right personality, it'll be a piece of cake), Ecole des Mines (Paris) but they have a small class size so may not be that obvious to track in IB and Ecole Centrale (Paris); plus a few others such as Ecole des Ponts (ENPC), Telecom Paris, ENSAE (stats and econ school). These guys are particularly sought after for Cap markets jobs.
Business:
Top 3 schools, namely HEC, ESSEC and ESCP. You might see a few EM Lyon or Edhec alums in IB as well.
This applies more to Corp Finance (M&A etc), as it is somewhat more difficult for them to be hired as traders, strcturers or (definitely) quants or they then go and do maths in uni to be well rounded; on the other hand, many work in sales. These and engineering schools offer 1 year Advanced Masters which may also to a certain extent open the doors of IBs (e.g. http://www.essec.edu/programs/advanced-masters-programs/advanced-master-degree-financial-techniques.html or yet http://www.hec.fr/Masteres-Specialises/Programmes/International-Finance ) .
There are a few good MSc's in unis such as Dauphine, Assas or Sorbonne that might get you in, but IB in France is still pretty much an old boys' network (i.e. Grandes Ecoles) thing.
Re IBs, it's gonna be the usual suspects (BBs), plus French banks, in particular, BNP Paribas, Soc Gen (especially for cap mkts) and renowned boutiques, such as Lazards or Rothschild (not the LCF Rothschild). Credit Agricole is a not a "target" recruiter, but could be considered in a B plan. Mentioning Banque de France is just hilarious!
To keep things short, the best track to IB in France is definitely Grandes Ecoles.
I may be forgetting some, but basically it's going to be:
Engineering:
Ecole Polytechnique (although many graduates may not be interested in IB, if they are and have the right personality, it'll be a piece of cake), Ecole des Mines (Paris) but they have a small class size so may not be that obvious to track in IB and Ecole Centrale (Paris); plus a few others such as Ecole des Ponts (ENPC), Telecom Paris, ENSAE (stats and econ school). These guys are particularly sought after for Cap markets jobs.
Business:
Top 3 schools, namely HEC, ESSEC and ESCP. You might see a few EM Lyon or Edhec alums in IB as well.
This applies more to Corp Finance (M&A etc), as it is somewhat more difficult for them to be hired as traders, strcturers or (definitely) quants or they then go and do maths in uni to be well rounded; on the other hand, many work in sales. These and engineering schools offer 1 year Advanced Masters which may also to a certain extent open the doors of IBs (e.g. http://www.essec.edu/programs/advanced-masters-programs/advanced-master-degree-financial-techniques.html or yet http://www.hec.fr/Masteres-Specialises/Programmes/International-Finance ) .
There are a few good MSc's in unis such as Dauphine, Assas or Sorbonne that might get you in, but IB in France is still pretty much an old boys' network (i.e. Grandes Ecoles) thing.
Re IBs, it's gonna be the usual suspects (BBs), plus French banks, in particular, BNP Paribas, Soc Gen (especially for cap mkts) and renowned boutiques, such as Lazards or Rothschild (not the LCF Rothschild). Credit Agricole is a not a "target" recruiter, but could be considered in a B plan. Mentioning Banque de France is just hilarious!
(edited 13 years ago)
CA CIB had Sean Connery in their ads. Best bank ever! And the day is mine!
Interesting thread. Currently working on a project for FT concerning perception/image of banks in France from viewpoint of industry leaders.
Credit Agricole CIB (Corporate Investment Banking arm) does indeed seem to enjoy greater influence than many imagine.
On the subject of judging by size alone (is it really verything!) consider ICBC the Industrial and Commercial Bank of China with assets of 12.55 trillion RMB about $1.9 trilion, as of March 2010, with 18,000 outlets and 106 banches overseas. Currently ranks No 7 on Forbes Global 2000 list of world's biggest public companies and is by far the world's largest bank. Airbus likes them because they bought 50 Airbus A320s to lease to Chinese airlines. Immense scope in IB. So any mandarin speakers out there should give that some thought. Bank is commonly known as Gonghang, short for Zhongguo Gongshang Yinhang.
Other than that, did you all know that Deutsche Bank was named Best Foreign Investment Bank in France by Décideurs magazine in April 2012?
Deutsche Bank’s position as a leading foreign investment bank in France adds to existing accolades including No.1 international bank in Equity Research (Institutional Investor 2012), M&A (Dealogic, deals announced in 2011) and Cash Management (2011 Euromoney Cash Management Survey).
https://www.db.com/en/content/company/headlines_4045.htm
Think HSBC in France also. Their Paris trading room is their second largest in Europe. Whilst HSBC subsidiary Nobel has posted an average 25% return on its investments over more than 10 years.
http://www.hsbc.fr/1/2/hsbc-france/about-hsbc/hsbc-in-france/our-business/corporate-investment
If you look deep enough there are still ample opportunities in France.
Plus its a fun place to live and play.
Is there a better reason? Oh yes, almost forgot that 40% of senior bank officers and CEOs of large companies in France are women. That's almost a level playing field compared to UK Plc.
Great place to start a career whilst enjoying fast train access to skiing in winter and the Med in summer.
Best of luck and don't be put off by the nay sayers. The gold IS at the end of the rainbow.
Credit Agricole CIB (Corporate Investment Banking arm) does indeed seem to enjoy greater influence than many imagine.
On the subject of judging by size alone (is it really verything!) consider ICBC the Industrial and Commercial Bank of China with assets of 12.55 trillion RMB about $1.9 trilion, as of March 2010, with 18,000 outlets and 106 banches overseas. Currently ranks No 7 on Forbes Global 2000 list of world's biggest public companies and is by far the world's largest bank. Airbus likes them because they bought 50 Airbus A320s to lease to Chinese airlines. Immense scope in IB. So any mandarin speakers out there should give that some thought. Bank is commonly known as Gonghang, short for Zhongguo Gongshang Yinhang.
Other than that, did you all know that Deutsche Bank was named Best Foreign Investment Bank in France by Décideurs magazine in April 2012?
Deutsche Bank’s position as a leading foreign investment bank in France adds to existing accolades including No.1 international bank in Equity Research (Institutional Investor 2012), M&A (Dealogic, deals announced in 2011) and Cash Management (2011 Euromoney Cash Management Survey).
https://www.db.com/en/content/company/headlines_4045.htm
Think HSBC in France also. Their Paris trading room is their second largest in Europe. Whilst HSBC subsidiary Nobel has posted an average 25% return on its investments over more than 10 years.
http://www.hsbc.fr/1/2/hsbc-france/about-hsbc/hsbc-in-france/our-business/corporate-investment
If you look deep enough there are still ample opportunities in France.
Plus its a fun place to live and play.
Is there a better reason? Oh yes, almost forgot that 40% of senior bank officers and CEOs of large companies in France are women. That's almost a level playing field compared to UK Plc.
Great place to start a career whilst enjoying fast train access to skiing in winter and the Med in summer.
Best of luck and don't be put off by the nay sayers. The gold IS at the end of the rainbow.
Original post by Mariner
Interesting thread. Currently working on a project for FT concerning perception/image of banks in France from viewpoint of industry leaders.
Credit Agricole CIB (Corporate Investment Banking arm) does indeed seem to enjoy greater influence than many imagine.
On the subject of judging by size alone (is it really verything!) consider ICBC the Industrial and Commercial Bank of China with assets of 12.55 trillion RMB about $1.9 trilion, as of March 2010, with 18,000 outlets and 106 banches overseas. Currently ranks No 7 on Forbes Global 2000 list of world's biggest public companies and is by far the world's largest bank. Airbus likes them because they bought 50 Airbus A320s to lease to Chinese airlines. Immense scope in IB. So any mandarin speakers out there should give that some thought. Bank is commonly known as Gonghang, short for Zhongguo Gongshang Yinhang.
Other than that, did you all know that Deutsche Bank was named Best Foreign Investment Bank in France by Décideurs magazine in April 2012?
Deutsche Bank’s position as a leading foreign investment bank in France adds to existing accolades including No.1 international bank in Equity Research (Institutional Investor 2012), M&A (Dealogic, deals announced in 2011) and Cash Management (2011 Euromoney Cash Management Survey).
https://www.db.com/en/content/company/headlines_4045.htm
Think HSBC in France also. Their Paris trading room is their second largest in Europe. Whilst HSBC subsidiary Nobel has posted an average 25% return on its investments over more than 10 years.
http://www.hsbc.fr/1/2/hsbc-france/about-hsbc/hsbc-in-france/our-business/corporate-investment
If you look deep enough there are still ample opportunities in France.
Plus its a fun place to live and play.
Is there a better reason? Oh yes, almost forgot that 40% of senior bank officers and CEOs of large companies in France are women. That's almost a level playing field compared to UK Plc.
Great place to start a career whilst enjoying fast train access to skiing in winter and the Med in summer.
Best of luck and don't be put off by the nay sayers. The gold IS at the end of the rainbow.
Credit Agricole CIB (Corporate Investment Banking arm) does indeed seem to enjoy greater influence than many imagine.
On the subject of judging by size alone (is it really verything!) consider ICBC the Industrial and Commercial Bank of China with assets of 12.55 trillion RMB about $1.9 trilion, as of March 2010, with 18,000 outlets and 106 banches overseas. Currently ranks No 7 on Forbes Global 2000 list of world's biggest public companies and is by far the world's largest bank. Airbus likes them because they bought 50 Airbus A320s to lease to Chinese airlines. Immense scope in IB. So any mandarin speakers out there should give that some thought. Bank is commonly known as Gonghang, short for Zhongguo Gongshang Yinhang.
Other than that, did you all know that Deutsche Bank was named Best Foreign Investment Bank in France by Décideurs magazine in April 2012?
Deutsche Bank’s position as a leading foreign investment bank in France adds to existing accolades including No.1 international bank in Equity Research (Institutional Investor 2012), M&A (Dealogic, deals announced in 2011) and Cash Management (2011 Euromoney Cash Management Survey).
https://www.db.com/en/content/company/headlines_4045.htm
Think HSBC in France also. Their Paris trading room is their second largest in Europe. Whilst HSBC subsidiary Nobel has posted an average 25% return on its investments over more than 10 years.
http://www.hsbc.fr/1/2/hsbc-france/about-hsbc/hsbc-in-france/our-business/corporate-investment
If you look deep enough there are still ample opportunities in France.
Plus its a fun place to live and play.
Is there a better reason? Oh yes, almost forgot that 40% of senior bank officers and CEOs of large companies in France are women. That's almost a level playing field compared to UK Plc.
Great place to start a career whilst enjoying fast train access to skiing in winter and the Med in summer.
Best of luck and don't be put off by the nay sayers. The gold IS at the end of the rainbow.
If you can afford to get there living off 25% of your gross salary.
Great place to live, not so great to work which explains why London is packed with Frenchmen.
Original post by XYZ
omg, this thread can definitely be quite misleading.
To keep things short, the best track to IB in France is definitely Grandes Ecoles.
I may be forgetting some, but basically it's going to be:
Engineering:
Ecole Polytechnique (although many graduates may not be interested in IB, if they are and have the right personality, it'll be a piece of cake), Ecole des Mines (Paris) but they have a small class size so may not be that obvious to track in IB and Ecole Centrale (Paris); plus a few others such as Ecole des Ponts (ENPC), Telecom Paris, ENSAE (stats and econ school). These guys are particularly sought after for Cap markets jobs.
Business:
Top 3 schools, namely HEC, ESSEC and ESCP. You might see a few EM Lyon or Edhec alums in IB as well.
This applies more to Corp Finance (M&A etc), as it is somewhat more difficult for them to be hired as traders, strcturers or (definitely) quants or they then go and do maths in uni to be well rounded; on the other hand, many work in sales. These and engineering schools offer 1 year Advanced Masters which may also to a certain extent open the doors of IBs (e.g. http://www.essec.edu/programs/advanced-masters-programs/advanced-master-degree-financial-techniques.html or yet http://www.hec.fr/Masteres-Specialises/Programmes/International-Finance ) .
There are a few good MSc's in unis such as Dauphine, Assas or Sorbonne that might get you in, but IB in France is still pretty much an old boys' network (i.e. Grandes Ecoles) thing.
Re IBs, it's gonna be the usual suspects (BBs), plus French banks, in particular, BNP Paribas, Soc Gen (especially for cap mkts) and renowned boutiques, such as Lazards or Rothschild (not the LCF Rothschild). Credit Agricole is a not a "target" recruiter, but could be considered in a B plan. Mentioning Banque de France is just hilarious!
To keep things short, the best track to IB in France is definitely Grandes Ecoles.
I may be forgetting some, but basically it's going to be:
Engineering:
Ecole Polytechnique (although many graduates may not be interested in IB, if they are and have the right personality, it'll be a piece of cake), Ecole des Mines (Paris) but they have a small class size so may not be that obvious to track in IB and Ecole Centrale (Paris); plus a few others such as Ecole des Ponts (ENPC), Telecom Paris, ENSAE (stats and econ school). These guys are particularly sought after for Cap markets jobs.
Business:
Top 3 schools, namely HEC, ESSEC and ESCP. You might see a few EM Lyon or Edhec alums in IB as well.
This applies more to Corp Finance (M&A etc), as it is somewhat more difficult for them to be hired as traders, strcturers or (definitely) quants or they then go and do maths in uni to be well rounded; on the other hand, many work in sales. These and engineering schools offer 1 year Advanced Masters which may also to a certain extent open the doors of IBs (e.g. http://www.essec.edu/programs/advanced-masters-programs/advanced-master-degree-financial-techniques.html or yet http://www.hec.fr/Masteres-Specialises/Programmes/International-Finance ) .
There are a few good MSc's in unis such as Dauphine, Assas or Sorbonne that might get you in, but IB in France is still pretty much an old boys' network (i.e. Grandes Ecoles) thing.
Re IBs, it's gonna be the usual suspects (BBs), plus French banks, in particular, BNP Paribas, Soc Gen (especially for cap mkts) and renowned boutiques, such as Lazards or Rothschild (not the LCF Rothschild). Credit Agricole is a not a "target" recruiter, but could be considered in a B plan. Mentioning Banque de France is just hilarious!
There are a lot of false information in the first page, indeed.
XYZ sums up the target schools pretty well, you can take it as reliable information.
I would add 3 Master in mathematics/finance:
Paris 6 University - Master El Karoui
Paris 7 University - Master Laure Elie
Dauphine University - Master 203 (it has lost his prestige since 2008)
But beware, the job market in investment banking is morose in France.
Here is the French topic about investment banking jobs: http://forum.hardware.fr/forum2.php?config=hfr.inc&cat=8&subcat=235&post=14197&page=1&p=1&sondage=0&owntopic=3&trash=0&trash_post=0&print=0&numreponse=0"e_only=0&new=0&nojs=0
(edited 11 years ago)
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