DA Davidson IBD
Does anyone know much about the firm? I know they are a top middle-market/boutique in the Pacific Northwest, but do they have any legitimacy outside that geographic area?
Also, anyone work or previously work there?
Thanks in advance
Anyone?
Wow, it's really nice to see another PNWer on WSO! I'm from the PNW and from what I've seen, they're quite legit. They're consistently toward the top of M&A tables in my city (not gonna disclose this online). I don't work in the industry (looking to break in), so take what i say with a grain of salt, but from my research, I'd say they're probably one of the best along with Pacific Crest Securities. Are you interviewing there?
I have a phone interview coming up.
Thanks for your insight, the firm is pretty hard to find info on. From what I've read/heard, they focus on banking, and have somewhat of an outdoor recreation niche. Also have bankers in at least one city where they have a major client (what I've heard). The example I had for this was Salt Lake with Energy Solutions as client (not sure the validity).
Are you looking at them too?
I looked into them, but I can't seem to get a hold of them. I'm willing to take anything, but so far, none of the firms I've contacted in the PNW have even emailed me back
Yea I don't think many firms are unfortunately. I was lucky to have somewhat of an inside connection. From my LIMITED experience, I would say use LinkedIn to find any sort of connection (alumni, religion, interest) to any firm, and reach out.
A local investment advisory firm for local/regional small-mid-market clients. If you have to live in the PNW, I would consider that but also comp is much lower than its peers.
Candidly, less about comp, more about getting in. I'm not worried about location either, it is tough to be picky at this point.
Comp sucks there.... They offered me $45k for an associate analyst position....
Sorry, can you define "Associate Analyst"? Like how many years experience? Was this straight from undergrad? I'm assuming the pay will be lower b/c cost of living in Davidson's cities is lower, its a regional boutique, etc.
If you have an inside connection, aren't you basically good to go?
Nah, connection enough to get a phone interview...Means nothing if I butcher the interview
How did it work out? I think Ray is referring to their equity research entry level position.
Ended up landing it...Great firm so far...Big deals for the size of the deal teams
Hey man, I'm from the PNW as well. Do you have any advice for landing an offer there? I'm about to be a senior at a school nearby (PM if you want details) and am looking to work in M&A and whatnot, so any advice would be very helpful!
Bump
Congratulations, Left! How has the lifestyle/culture been? Is the comp fair for the area?
About 65-70 hours/week so far, so the lifestyle is better than at a BB. Comp is very solid for the size of the firm/geographic location.
Similar to other smaller places, obviously follow on the website job openings and see if you can get in touch with a banker in the area.
Keep in mind, because of the size there aren't typical recruiting seasons with many offers. I'm the only analyst in my location. However, as the division continues to grow I think the number of offers will as well.
Shoot me a message if you have additional questinos
^PM sent
Did you move to a new firm?
I am interviewing for that firm over the phone in a few days. Can you please give me some insight of how your interview went and what should I expect?
I am interviewing for that firm over the phone in a few days. Can you please give me some insight of how your interview went and what should I expect?
Bump. Anyone have any insight into the interview? Technical? Fit?
Thanks for the tips but I interviewed with their IBD division. It was totally different actually super easy. Walk me through a DCF, how do all 3 of the statements connects, why DA Davidson, why IB. Super easy. It seems like you were defiantly interviewing for a PWM position. Good luck anyways! Hope you got it.
I didnt hear back until 2 weeks later when I followed up for the 2nd time and they just told me that they were moving forward with another candidate. Just follow up
Thank you for the info!
Well, from my previous post. I found out I didn't get the job. After that, I talked with the branch manager, whom I had been talking with for the past 6 months and I asked him straight up if he could have pulled strings and got me the job. He said that he could, but that he didn't think it was the right time. I even told him that since I already had my Series 7 and 66 license and a clean U4 that I would work for them on a commission only base and continue to work in my current job and if I didn't bring in $2 million dollars in new assets in 3 months that I would quit and turn the assets over to another broker in the office. The branch manager said that they would consider it. After much debate, they said that they still weren't interested. That is fine, afterall, if the firm is foolish enough to let that a no risk opportunity go, then the hell with them. After talking again with the branch manager he said, if you start an RIA on your own and are successful, then call us in a couple of years and we will consider you then. Anyway, I guess it is just sour grapes on my part, but why wouldn't you take a chance on someone already licensed?
D.A. Davidson Investment Banking (Originally Posted: 01/26/2016)
Curious to hear from anyone who is familiar with this firm. Been in contact with them for a while (I'm not in their target school list—USC, UCLA, sorta Berkeley), but want to find out WSOs opinion.
From what I've read and heard, they have a pretty good presence on the west coast, and they seem to do a lot of FIG deals, mainly region banks in the PNW. Especially curious to hear about the Costa Mesa office.
Thanks!
Anyone?
Know someone who works in Costa Mesa office: low deal flow so comp is considerably below street. Office is next to a TGI Fridays. Has a rep as a sweatshop and senior guys aren't that great.
Aim for a better bank, but if it's your only offer then take it and try to lateral out after a year.
Echo comp below street. The alum I talked to worked at the Montana office, but he seemed to have decent work balance as far as banking goes. Forget what he said about dealflow exactly, def not a place with a bunch of live deals all time though. I think it's an interesting option if you're set on a non-standard banking city such as Seattle, but otherwise I would aim for something better. Because it's a smaller shop recruiting often doesn't follow the standard cycle.
Davidson Kempner / DK (Originally Posted: 04/04/2013)
Hello -
Can someone share what he/she knows about Davidson Kempner / DK? I know they are very big - $15B or more, two main strategies - distressed credit and event-driven (might be wrong), and been around for a long time since 1980s?
Any information would be helpful! Thanks in advance.
Any thoughts on DK? Anybody?
D.a. Davidson Company (Originally Posted: 09/10/2015)
Hey there guys I have an interview coming up for on campus recruiting for an Investment Banking Analyst FT position. I was just wondering if anyone had any insight on the firm. I go to a target school in the west coast and was just wondering what the Comp/Lifestyle/Prestige of the firm would be like. Also any interview hints and tips would be great!
bump ...
Pretty good NW presence. Limited competition up that way. Strong in community bank M&A and metals/natural resources.
Not sure how the group is broken down, but try to get into M&A if they have product teams (as opposed to ECM).
thanks
pm me
Davidson Kempner (Originally Posted: 03/09/2008)
Does anyone have any information on Davidson Kempner Capital Management? I believe they manage $10-11B, but I am not positive. Does anyone know their strategy? Any info on recruiting? Any other info would be appreciated. Thanks.
I don't know the exact AUM figure but these guys are big. Your estimate is probably pretty close. DK has been around longer than most in the HF space. Their roots are in credit, primarily distressed, but like most others these days have deviated somewhat to other areas. The firm has a solid reputation and is probably a decent place to work. The past year or so hasn't been great for performance but they likely have a loyal base of investors that will stick with them and see how they fare in the upcoming distressed cycle. I don't know anything about their recruiting process.
thanks for the information, great stuff
Bumpity Bump bump...
Old but comparable questions, except we are not in a distressed cycle.. Though you could debate if one is "upcoming"
Culture? Learning experience?
Bump.. any experience with them?
have some good friends there. pm me.
Would be great to hear more
D.A. Davidson Industry or Product Groups? (Originally Posted: 12/02/2013)
Does anyone know what industry or product groups D.A. Davidson (West Regional MM) specializes in? I'm trying to get some more information on them but I'm having a hard time finding out the specifics here.
Any experience with this firm? And please, no preftige trolls; I realize it says D.A Davidson and not GS, thanks.
Just looked at their transactions. Looks like pretty solid deal flow, mostly FIG deals.
Actually a pretty solid shop. Strong presence in the West. Specialty is FIG, but also sees some O&G (location is a plus if you are in MT), C&R and Industrial deals.
Industrials is led out of Chicago FIG co-led out of Cali and Chicago (Cali will be the strongest) Aerospace & Defense (led out of Cali) Consumer & Retail is spread out (MD in Seattle may be the lead, not sure though)
Done well lately.
+1. Thank you! I have some solid leads here. If I'm lucky, goodbye Big 4, hello IB.
My roommate interned with food & beverage at DA Davidson in Chicago this summer and hated it. Below market pay but at least the hours were good.
Could be new, but it is co-head by a former Lehman banker. Same guy that runs Food & Bev.
I have a friend who is a senior analyst on the FIG team in Chicago. From what we have talked about he likes it. He still works 110+ hours a week (similar to BB), but he is the head junior guy in the office now. It isn't a BB, but it is a very active shop for the size. I know the two FIG MDs in Chicago were heavy hitters at a smaller regional firm before coming to D.A. Davidson. I also know that the Chicago office is only a year old. When you look at the league tables for FIG the Davidson Chicago office is killing it...for a small team. I don't know much about the California office, only that it is more established and it is also doing very well in the league tables. If I remember correctly Davidson might have a food and beverage team in Chicago, but I cannot find them in the league tables.
I am not sure what the exist opportunities look like or pay. We never really talked about that. Maybe someone else can give you insight on those. Hopefully this helps...
SB's all around. Thanks for the solid information guys.
Post is a month old, but curious if anyone knows how comp compares to street avg? seems like solid deal flow and heavy hours, just trying to get a better idea
@Group Therapy would be possible to put me in contact with your friend who is a Senior Analyst who is a senior analyst on the FIG team in Chicago? You can pm. I would rather go into more detail in a pm, than on a comment post.
Davidson Companies (Originally Posted: 12/11/2011)
anyone heard of Davidson Companies? its a broker dealer based in portland... has anyone worked or interviewed there? im interested in learning more about them
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