Tampa Bay Area ER

I am interested in ER in the Tampa/St. Petersburg area of Florida. I understand that rankings are inappropriate at the firm level for ER. Can anyone provide any insight on the analysts and industry coverage strength of Raymond James and Manning & Napier?

For reference, I am at a complete non-target in the southeast US. I am in a MFin program and have completed Level I of the CFA.

Thanks in advance to anyone that can help out.

 
Best Response

Well the first thing you need to figure out is if you want sell-side or buy-side. That'll determine where you ought to spend your time looking.

M&N is a very strong shop-historically a value shop but they are putting the pieces in place to build a more growth oriented team. Their St. Pete office is a few sales guys and about 10-12 analysts. The company is headquartered outside of Rochester, NY.

How old are you and what is your background? Do you have CFA?

I'll be honest - extremely slim chance you get a look from them no matter your resume.

If you are young and new to industry - they wouldn't hire you in the St. Pete office because you'd need to start at the bottom and work your way up (St. Pete is primarily analysts only - no associates or assistants).

And if you are older - they wont hire you regardless because they groom their associates to become analysts.

That might be tough to hear - but I can assure you its pretty much accurate.

 

Raymond James is a pretty solid employer in this area, however very competitive. They have both buy side (Eagle Asset Management) and sell side positions (not sure if any are open though). I do not know your grades and other experience but I know they are fairly tough to get in with. For straight research there is Ned Davis. Unfortunately Tampa kind of sucks for finance if you aren't into corporate finance. I definitely know how you feel, assuming USF? Graduate in 3 weeks and not having much luck.

Oh and for M&N, basically what was already said.

 

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Rarely will any of my posts have enough forethought/structure to be taken seriously.

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