Looks like they bought a LMM boutique last year to handle M&A: https://www.53.com/mkg/press-releases/press-release-2014-04-29.html Doesn't look like a huge group, but their head of M&A was an MD at JP for like 15 years so probably a solid guy to work for.

I would assume experience, pay, exit ops are similar to a no-name boutique, only "who are they?" will now be "had no idea they had a capital markets group." I don't know man, why don't you reach out to someone that works there. In the time it took you to make a second profile to bump your thread you could've found an analyst on linkedin, found his email and asked to setup a phone call.

 

I don't have any experience with 53, but it is generally difficult for a retail bank to escape the retail stigma. It's tough to go from being known for retail services to providing corporate advisory services. If you have other options, I would look at them, but if 53 is your only offer, obviously take it. You might enjoy it, and if not, lateraling after a year of working there will be doable.

 
Best Response

I used to be an intern in the IA division.

Although my experience wasnt the greatest, things i know about the program:

-There are 4 rotaitonal programs, Corp (you), IA, comercial banking, and IT... there is an iron curtain between the divisions. -you do not get to choose your "hub" city although none are really that bad, yes, even cincinnati. -difficulty/competition i would characterize as very light -hours are normal but this company is the definition of cube life -recognition --good as far as midwestern regionals go, but if you are looking to make the leap to IB its not the best bet

Comp = ~50k + 5

I inverviewed for the IA rotational program but wasnt extended an offer. They got the sense that I was only interested in a few of the roational areas and was dead set on them. This was for the best as I am now working at a job I love. If you are open to the idea of "rotating" go for it, you can always turn down an offer.

"Life all comes down to a few moments. This is one of them."
 

Broseph,

Can you speak to the CAP program at 5/3 at all? I have an offer there and they talk about how we can rotate through IB/Syndications/DCM etc.. so it sounds interesting but I also have offers at Corporate Banking @ some larger banks (better brand?). However, Corporate Banking is pretty different to Capital Markets groups/IB. Appreciate any advice you can offer.

 

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