Everyone knows that most BBs and EBs have offices in NYC, Chicago, SF, LA, Houston (also Charlotte for BAML/WF). However, I hear sometimes about BB or EB offices in smaller cities like Washington DC, Dallas, Atlanta, Miami, Boston, Minneapolis, Milwaukee, and Charlotte for non BAML/WF. Are there actually BB & EB regional offices that hire junior bankers in these offices or is it mostly support roles?
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I can only comment to Boston, but banks with presence* here include: -Lazard -PJT -Jefferies -Moelis -Harris Williams -William Blair -Piper Sandler -JPM (I think?) -Raymond James -Stephens
I could be missing some, but off the top of my head thats what I remember. There was a thread a while back regarding DC that was quite comprehensive.
*By presence, I mean offices with analysts, not just senior people.
Are most of these just a couple of analysts each and maybe 1 intern per year?
RJ BOS is Tech & Services, by far their strongest group. Basically the Lane Berry acquisition rebranded to RJ.
Moelis BOS is respectable, looking to expand and has a decent number of analysts and a handful of interns.
Can’t comment on the rest.
Just curious which cities fall under tier 1 and tier 2/3?
Tier 1 is NYC, SF, LA, maybe Chicago and Houston for O&G Tier 2 and 3 are just an assortment of medium sized cities like the ones listed above
Bump
Can only speak for Miami, it is mostly PWM and maybe a small latam group
A while back GS opened a SLC office that was doing FO stuff too. Recently they downsized, but I'm sure some FO jobs are still there. If you count SLC as a T2/3 city, then that's one example that answers your question.
Go to school there and I’m 98% sure they moved all IB jobs out of SLC last year
Plenty of tier 2/3 cities have a real IB presence, Cleveland has Key, Charlotte has Jeffries/Piper, Richmond has Harris Williams/BB&T, Tampa has Raymond James, Pittsburgh has PNC, Atlanta has STRH. This is by no means exhaustive and if you had a specific city in mind happy to name who has a presence,
Thanks, but I guess I knew about some of these MM players. Was personally more interested about BB and EB satellite offices in the non-major cities.
Bump
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