18 Comments
 

I know they are based out of Seattle and opened up offices in SF and NY. I'm pretty sure they shut both SF and NY down and Seattle is all that is left.

Don't know much more about them, but I'd be interested to hear if anyone else has anything more to add. Haven't heard much about them in a while.

 
Best Response

Cascadia made some really bad hires when the expanded. Needless to say the expansion went horribly, and they closed all the offices except Seattle. I am not sure about the details, but there are rumors that they dumped a lot of people including a bunch of analysts and associates giving them a really bad rap. The few people who remained were a mixed group, some really nice folks, others who held a grudge against the world because of the failed expansion. They are doing OK now, they survive simply because Seattle and the surrounding areas continue to be strong business communities with few local ibanks competing. The really have very little competition for the smaller deals in the pacific northwest. They are slowly hiring some more people, and I think they are being more careful this time, but the culture at the firm has yet to recover. As soon as a decent MM shop opens an office in Seattle they are toast!

 

They just hired a buncha of new people (analysts and associates) as of a couple of months ago. Carving out a niche in Seattle in smaller deals, but haven't really heard much from them otherwise.

 

@PatrickBateman can you specify exactly what the analysts and associates were doing to give the company a bad rap? im interested in applying but want to gather a bit more information before i do.

People tend to think life is a race with other people. They don't realize that every moment they spend sprinting towards the finish line is a moment they lose permanently, and a moment closer to their death.
 

They are looking to take 8-10 SAs this summer and make at least 6 offers or so. Pay seems to be a stipend of some sort (Aka shit). Cost of living in seattle is cheap shouldn't matter too much.

Firm is really trying to scale up from its dominant position in the northwest. Opened offices in NYC and LA with senior bankers. Seem like they have some good quality bankers.

 

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