The U.S. is a competitive arena for investment banks, and the revenue leader-board shifts from quarter to quarter and year to year. It also varies drastically from one sector to another, and while there are a select few investment banks that are relatively strong across the board, most banks are strong in certain client industries but weaker in others.
To give you an idea of which banks are most likely to be a good place to work in 2016, here's a breakdown of year-to-date (as of November 7) investment banking revenue in the U.S. by client industry, according to Dealogic.
Goldman Sachs is currently the clear leader among consumer and retail clients. Last year, J.P. Morgan finished on top.
Morgan Stanley has a sizeable lead in communication, media and entertainment. J.P. Morgan was first in 2015.
J.P. Morgan is out in front for financial institutions, with Bank of America Merrill Lynch, Goldman Sachs, Citi and Morgan Stanley rounding out the top five. Last year, Citi ended up on top.
J.P. Morgan is also first in healthcare so far this year, but by a wider margin. It finished first in 2015 as well.
In industrials, Goldman Sachs has the lead, with Bank of America Merrill Lynch currently in second place. Goldman also finished on top last year.
Goldman Sachs is also in first place for energy and natural resources clients, with J.P. Morgan and Barclays not far behind. Bank of America Merrill Lynch finished ahead of the pack last year.
In real estate, Bank of America Merrill Lynch has the lead, followed by J.P. Morgan in second and Wells Fargo in third. In 2015, BofA Merrill also finished in first place.
J.P. Morgan is tops in technology, with Goldman next and Bank of America Merrill Lynch not far behind. Last year, the top two was flip-flopped, with Goldman in first, followed by J.P. Morgan, and Morgan Stanley, BofA Merrill and Qatalyst Partners rounding out the top five.
In transportation, J.P. Morgan is also in first place, followed by Morgan Stanley, with Bank of America Merrill Lynch, Citi and Barclays rounding out the top five. In 2015, Morgan Stanley finished first with J.P. Morgan second.
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