How safe is your job in the investment banking division (IBD) of an investment bank in the UK? As long as you work in M&A, we'd like to suggest it's very safe indeed. A new release from Dealogic says that at $571m, UK Q1 M&A hit the highest quarterly total since the second quarter of 2008. No wonder banks have been hiring and M&A juniors have been shifting jobs.
Across IBD as a whole, some banks had a better first quarter than others though. The Dealogic chart below suggests the best places to work in IBD in the UK are Goldman Sachs and J.P. Morgan - they topped the league table this year, last year, and the year before that.
The worst IBD jobs in the UK are at all banks not on the chart below. The French banks don't figure. Nor do the Swiss. Nor does Citi.
Notably, Deutsche's UK investment bankers have had a not-so-great start to the year: in 2015 they ranked 3rd; now they rank 8th. By comparison, Barclays' UK investment banking operation has gone from 6th to 3rd.
If you're bored of working for a big bank, you might want to venture to a boutique. Robey Warshaw, Perella Weinberg and Evercore all made an entrance into the UK top ten during the past quarter.
To read the entire report (which includes detailed information on M&A, ECM, DCM and deals done) click on this link: Dealogic UK IBD Q1.
Photo credit: 400m Round 1, Heat 4 by Marc is licensed under CC BY 2.0.