Sandler O'Neill: thoughts on this firm/boutique - Growth/Exit opportunities
What are your thoughts of this firm as a boutique? Are the growth/exit opportunities any good? How respected is it on the street?
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It's respected, but as I said earlier, the exit ops presented will likely be FIG and FIG only. There isn't a whole helluva lot FIG buyside opportunities because of the restrictions, and if you get stuck in FIG for a few years it's going to be difficult to switch into any other group in banking. Sandler is a good group with good dealflow, but you have to understand that the valuation techniques and other technical things you learn in FIG will be very, very different than any other industry. Interest is the main source of revenue and expense at FI, so you lose out on all the EBIT and EBITDA multiples.
I interviewed with Sandler and know that the Analysts are really good people. I spoke with them a few times regarding what I typed above, and they echoed what I am trying to say - it is VERY different and tough to go FIG --> any other industry. And they said PE is extremely difficult to get into, HF a little bit easier. They basically said you become entrenched in FIG and can only lateral into other shops if it has FI group.
In my opinion, I'd try contacting one or two of the analysts you met with and ask them about this. Great group, lot of work right now, and I'm pretty sure you get paid very well, but if you're looking at exit ops, it may not be the right place.
I wouldn't mind staying at the firm and moving up as an associate, but I would like to eventually go to B school and break into PE. I've heard, though, that it is more difficult to get into PE with an MBA if you've never worked in PE prior to B school. At this point, I will take your advice and bring up possible exit opportunities and ask how much the professionals and HR help their employees move on to their next desired step.
Is this FT or SA? Sandler seemed like a great place to work. Everyone seemed to work hard and enjoy their work, but I'm certain it's far more difficult to lateral into other groups from FIG then it is from another group. I'm not sure about the difficulty in moving to post-MBA PE without pre-MBA PE experience, especially if the only banking experience you have is FIG, but it's something I would certainly look into.
This would be SA. If the environment you describe is accurate (great people, a lot of work, well paid), I would be completely content to stay there long term. Although I would like to go to PE, the reasons for which are primarily monetary, if I could move up in Sandler to the point at being well compensated and having a little more flexibility in hours, I would be more than happy staying there.
What did you interview for, SA or FT? How did the interview go? Did you enjoy being at the firm? From what I've read, they seem to take care of their employees.
chicago or NYC office?
NYC office.
Sandler O'Neill summer internship (Originally Posted: 01/30/2015)
Anyone know much about these guys or more specifically their summer internship program? Do they have a formal program and do you think a firm like this would be willing to take sophomores? Don't really have anything on their website.
have reached out an alum (MD there), and he told me that most if not all of the summer interns there are clients' kids. :(
Sandler O'neill - Exit opps and reputation (Originally Posted: 11/05/2006)
Can someone tell me about the exit opps from a place like Sandler? What about the general learning experience and reputation?
Thanks in advance.
Anybody hear when their superday is?
Good at small/mid cap FIG, i.e. REITS, sub-prime lenders and other specialty finance.
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People would be more inclined to answer if you quit with the "prestige" circle jerk.
Sandler O'Neill? (Originally Posted: 11/20/2013)
Does this bank ever do any FT recruiting (yes, I know it is late)? I have a few contacts there, and they all say they still have not gotten any word from HR.
Sandler, Cantor Fitz, etc don't really come to campus; it's mostly referral.
Sandler O'Neill - Top of the league tables (Originally Posted: 06/20/2008)
Am surprised to see this bank near the top of the league tables given the small size of the firm.
Does any1 know anything about them? Interview? Comp? Culture?
They give an e-mail to send resumes to, has any1 tried this?
I work for the number #3 bank in the same league table and we actually have had 2 MDs from theirs switch to our firm in Chicago in the past 2 months. Go ahead and PM me if you have specific questions.
i know someone who works there, its supposed to be a legit financial institutions firm. what are exit opps and comp from Sandler O'Neill like? seems like the culture is slightly more laid back than the BB's but more intense and rigorous than your average MM.
its supposed to be a REALLY small firm... like ~300 employees if im not mistaken.
They are the leading player in the thrift sector..They are extremely professional, and some of their bankers came from ML and GS..
It's werid because some league tables say they've done 130 billion dollars in deals ytd but if you go on their own website and look at recent transactions there not even close.
anyone have any info on comp in equity research at Sandler O'neill.
LOL @ "near the top of the league tables."
http://www.drmarkklein.blogspot.com/
mark klein md, shut up. No one wants to hear your stupid ass comments, nor do they want your shitty advice.
I'd be curious to see a league table of which Sandler is at the top.
SFGIANT - although you may not like how he delivers his comments, he's usually got a point. Your nonsense added much less value than did his comment.
Those who follow IDIOTS BECOME IDIOTS. Dont 4get the past 8 years and what has become of our once great country in the international arena, unfortunate
nystateofmind, what the hell are you talking about? How does "LOL @ near the top of the league tables." add any value to this thread. This idiot is probably sitting at home in his bespoke suit playing with himself while he scours these forums looking for the opportunity to post some useless comment.
not interested in the validity of the league tables
Trading Summer Analyst program at Sandler O'Neill ? (Originally Posted: 04/13/2012)
Hi,
Does Sandler O'Neill hire trading summer interns?
Thanks.
No I don't sorry
Sandler O'Neill - Current economy (Originally Posted: 07/23/2009)
I'm interested in hearing what people have to say about Sandler O'Neill. I don't see their name mentioned much but as far as total deal value they are top 15 for deals done in North America.
Also, how have they been affected by the current economy? Large change in personnel? How are the exit opps?
Any information is greatly appreciated.
Ive worked on a prospective bank deal with them in the past and have been generally impressed. They are a strong middle market player and they have a solid reputation. I assume they have been as affected by the downturn as many of the other players but from what I know most of the senior guys have remained in place. Not sure about exit opps but that should be the least of your concerns in this environment.
I have a friend that works in one of their satellite offices and he is enjoying his experience. Lots of deal flow but as a result, his hours are brutal.
Sandler O'neill - Interview coming up (Originally Posted: 03/28/2011)
Interview coming up. Anyone currently employed by Sandler as an analyst? or has anyone interviewed there?
Experiences with first round? superday?
Thanks. Feel free to PM.
I have a friend who works there in ER... Pretty solid place from what he's told me
they are well-known for their ER
banking not as much
Thanks.
I'm looking for experiences specifically within banking, though. I have an interview coming up and would like something insightful to speak about. M&A, strategy, or capital raising info would be helpful. I know they are known for their thrift shop, but thats about it.
Firm culture, or anything else relevant about company/employee fit would also be extremely helpful.
This is for FT, mind you
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