Stephens ER?
Anyone have insights into the ER department as a whole? Had a HH hmu about a lateral position. Exit ops? Comps? Best sector?
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Based on the most helpful WSO content, Stephens Inc. is a well-regarded middle-market investment bank, and their Equity Research (ER) department is known for its deep industry knowledge, especially in sectors where they have a strong focus. However, specific insights into Stephens' ER department, including exit opportunities, compensation, and the best sector to cover, would require more detailed knowledge about the firm's current operations and internal structure.
To address the first point, exit opportunities from a middle-market firm like Stephens can be quite robust, especially if you're covering a sector that aligns with your career interests. Analysts often move to the buy-side, into roles such as portfolio management or research at hedge funds and asset management firms. Others might transition into corporate roles within the industry they cover, such as strategic planning or investor relations.
As for compensation, it can vary widely depending on the level of seniority, performance, and the specific sector covered. Generally, ER compensation may include a base salary and a performance-based bonus. Middle-market firms might offer slightly lower compensation compared to bulge bracket banks, but this can be offset by a better work-life balance and a collegial work environment.
Regarding the best sector, it often depends on market demand, your personal interests, and where Stephens has established a strong reputation. Sectors that are traditionally strong for middle-market firms include healthcare, consumer, energy, and industrials, among others.
If a headhunter has approached you about a lateral position, it's a good opportunity to ask them directly about the specifics of the role, the team you'd be working with, and the typical career trajectory following a stint in Stephens' ER department. They should be able to provide you with detailed information on compensation and exit opportunities, as well as insights into the sectors with the most potential.
Sources: Unironically - ER is a paradise, BB&T cuts entire ER department, Observations of an Equity Research Associate, ER Career Paths, ER Career Paths
What team? If it’s biotech stay away. Heard the lead analyst they “poached” hadn’t even passed his Series exams. He was on the street for 5 years prior as an associate and failed to pass the series 86 like 4/5 times. When he got to Stephens he failed the test again and apparently just recently passed.
IMO management is kind of retarded for hiring someone as a LEAD analyst for biotech that hasn’t ever gotten his name on any sort of research report. Also they just fired 20%-30% of ER and S&T for what it’s worth. That place is going downhill. I’d stay far away.
lol ain’t no way
Bump. Anyone else have other details on Stephens?
What do you wanna know? Use to work there ages ago in both ER and IBD.
Were you in Little Rock or different office? How was culture either way? Do you feel like your comp progress kept up with #s across the Street over the years? Heard DoR moves analyst across sectors to fill empty seats -- did you find that effective? If you've gone on to other banks, how does it compare? Did Stephens brand get traction with recruiters/exit opps?
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