Baird vs. Lincoln post MBA associate view

Currently recruiting for MM summer associate (and beyond) opportunities and wanted to hear of any recent trends with these seemingly similar firms. Baird/Lincoln/Harris Williams Primarily focused on Baird vs Lincoln and any differences in work life/culture/exit opps between the two. Planning for longevity at either but recognize that is easier said than done. For context: coming from a top 15 MBA program in the northeast and would be perfectly happy in Milwaukee or Chicago (fiancé grew up/has family in Milwaukee, I used to live in Chicago).

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Culture: Baird is known for having a huge emphasis on culture. This is an initiative from the c-suite and higher ups, so they are really gung-ho about making sure it is always being implemented; they even have videos on their website about it.

Comp: I believe they start their associates out at $175k base nowadays, which is nice (heard this is because base salary doesn't increase every year like most banks, just bonus does-- please correct me if I'm wrong).

Just some data points I've gathered from recruiting and speaking to people at the firm.

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Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

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  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

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  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
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  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
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