Comments (133)

  • Analyst 1 in IB - Gen
Aug 15, 2022 - 11:50pm

Honestly GS TMT NY has a great culture, yes the hours are terrible but the people are generally a perfect mix of smart, outgoing and friendly.

Also has a very relaxed culture in terms of dress code (analysts wear polos/tees) and WFH (at least in GS standards). Generally also have time for an hour in the gym everyday.

  • Intern in IB - Cov
Aug 16, 2022 - 1:47am

How does TMT culture compare to FIG?

  • Analyst 1 in IB - Gen
Aug 16, 2022 - 4:46am

I would say its pretty rare that people are in the office at 3am, at home yeah but rarely in the office. Only reason you would do that was if you were on something very live and was grinding it out with your associate in the office but even then it would just be like me and my associate there alone.

Hours are pretty bad but I would say the people/culture make it bearable, if it was like Industrials or FIG I would've left yesterday.

Aug 18, 2022 - 9:43pm
UFOinsider, what's your opinion? Comment below:

I've worked across and next to GS for two consecutive deals in TMT and those guys did not seem to be logging off prior to 3am.  The one analyst's eyes had such prominent dark circles, it honestly looked like he'd been in a fight.  Definitely a sharp guy though, was impressed by their VPs as well.

Ever notice them starting a little on the late side?

Get busy living
  • Intern in IB - Cov
Aug 15, 2022 - 11:51pm

Svb Securities…awesome group

Aug 16, 2022 - 1:19am
Anonymous88990, what's your opinion? Comment below:

Not a lot of info out in the public but heard CVP has the best culture on street. Open to discussion though.

  • Analyst 2 in IB - Cov
Aug 16, 2022 - 1:52am

PWP. Hands down.

Yeah maybe they'll be the worst performing EB given their size but I'd much rather work there over known sweatshops like Moelis or Evercore

  • Analyst 2 in IB-M&A
Aug 16, 2022 - 2:12am

Not sure I agree based on friends that work here. Sure the people seem nice, but my friends are constantly working late on Friday nights and working all weekend, forced to cancel vacation, etc. Seems like an absolute sweat shop to me as an outsider though curious if anyone can chime in that works here

  • Analyst 1 in IB-M&A
Aug 16, 2022 - 1:55am

53 has an awesome culture. Everyone in the bullpen is friends with one another and everyone holds each other accountable. It's not too sweaty. Not a small deal volume Investment Bank. Also growing.

  • Intern in IB-M&A
Aug 16, 2022 - 11:27am

Heard a lot of good things about fifth third recently. Any ideas on what their comp is like?

  • Intern in IB - Cov
Aug 16, 2022 - 1:57am

CS has the best culture.

Specifically Tech and FSG are the best places to be.

Not only do they have best exit opps (M&A and LevFin also good), but senior employees are really chill and actually socialize with juniors.

Hours are not that bad, and if you're gonna work late then they will let you know before hand.

Meal and Uber expenses are very generous and lenient about when/where they are ordered to.

And if you ever have an emergency or a problem, seniors are understanding and compassionate.

Loved my time there

  • Analyst 2 in IB - Gen
Aug 16, 2022 - 8:15am

Second that. Interned at the neighbor group of Tech this past summer and everyone wears polo and left the office by 7. Very chill group. I don't know how "strong" the group is however

  • Analyst 1 in IB - Cov
Aug 16, 2022 - 4:55pm

Gonna have to disagree, back when it was TMT it was a lot of fun, since the split hasn't been the same. Deal flow (atleast 2020 and 2021) was great tho. Sponsors on the other hand may be one of the best gigs in banking. Hours are chill, happy hours almost every week, exits are top notch.

  • Analyst 2 in IB - Cov
Aug 16, 2022 - 11:52pm

Echo CS. Sadly just left for PE, but loved my coverage group. Great bullpen culture, seniors were great and cared about us, took us out for drinks etc. Hours weren't bad, deal flow on par with Barclays/Citi. Think I'm the only one of my friends at BBs/EBs who didnt totally despise my group and banking in general by the end of my 2 years

  • Analyst 1 in IB - Cov
Aug 17, 2022 - 2:43am

Any chance you want to say what group this is or lump a couple groups together that have good culture?

Aug 16, 2022 - 11:50am
The_Finance_Flunky, what's your opinion? Comment below:

What's your definition of "best culture"? For some, that likely means an environment conducive to learning how to do this job effectively and efficiently so that, at the end of an analyst stint, you are well positioned to pursue exit opps. For others, it will mean an atmosphere that is less intense and more "collegial" (whatever that actually means). Culture is so subjective and really depends on what you are trying to accomplish. I think there are banks out there with extremely aggressive and driven individuals who have built what I would describe as "winning cultures", but they get sewered regularly on this site for coming across as "mean" or "not caring about junior resources". 

Now - to answer the question I think you are actually asking, which is, which banks are going to pander to new hires, I think it is extremely group specific. I have yet to come across a bank that universally treats all new hires exactly the same across groups. 

Aug 16, 2022 - 12:28pm
PeRmAnEnTiNtErN, what's your opinion? Comment below:

 I think there are banks out there with extremely aggressive and driven individuals who have built what I would describe as "winning cultures", but they get sewered regularly on this site for coming across as "mean" or "not caring about junior resources". 

Now - to answer the question I think you are actually asking, which is, which banks are going to pander to new hires, I think it is extremely group specific. I have yet to come across a bank that universally treats all new hires exactly the same across groups. 

There is very much a difference between being aggressive and driven vs. Simply not caring about junior resources. I also find it interesting that you say pandering to new hires.  I am not really sure what you mean by that, but I think we can all pretty much agree that banks should help grow analyst into associates - it leads to better associates and teams. The amount of carrying analyst have to do for some of our MBA associates is ridiculous and our banks don't reward analyst for doing so.    

Aug 16, 2022 - 12:40pm
The_Finance_Flunky, what's your opinion? Comment below:

I wholeheartedly agree, and considering my path to VP through the analyst ranks, and my *mostly* negative experiences with MBA Associates, I certainly think that banks should be focused on retaining high-performing analysts. To clarify my comment above, I do think this site tends to focus on some of the less important factors in defining culture when it comes to choosing a bank. While I don't condone some of the hardnose and inappropriate behavior that used to be commonplace on Wall Street, I also think a move too far in the other direction is equally detrimental. I think both sides (senior bankers/management and junior bankers) need to recognize the importance of finding a sustainable middle ground. Analysts should come into this job expecting to work hard and understand that this career path requires certain sacrifices. You are going to be compensated for your time, and if that arrangement isn't agreeable then you need to find another career. Personally, I wish I was less risk-averse and had a more creative mind because I have watched my former classmates excel in other career fields that aren't nearly as demanding because of their intellectual capabilities and hustle. 

TLDR: Banks should focus on retaining solid talent which likely means improving how juniors are treated BUT juniors need to understand that this is a demanding, results driven environment that requires personal sacrifices and attracts Type A personalities which can make for an intense workplace. 

Aug 16, 2022 - 12:45pm
Tim Horton, what's your opinion? Comment below:

BX has the perfect balance for the perspective of learning from the best and support when it comes to getting the job done. There are some intensely passionate people here but overall it's a genuinely great place to work. The comp isn't too bad either.

Aug 17, 2022 - 3:30am
Tim Horton, what's your opinion? Comment below:

Honestly the comp here is kept pretty secret so I don't even know. I could guess the same range as a BB but that would be complete speculation. The question I was answering was for the entire firm. The place is so small compared to a bank that the leadership ensures a consistent cultural standard no matter which group you are in. Hope that helps 

Aug 27, 2022 - 12:18am
yosoylafiesta, what's your opinion? Comment below:

Unorthodox way of networking but what the hey - MTS has great biotech deal flow that aligns with both interests and background. Would love to chat.

  • Analyst 1 in IB-M&A
Aug 16, 2022 - 3:48pm

Jef's TES team seems to be pretty awesome from culture perspective... senior bankers are all really chill and everyone WFH on Friday's. All of the juniors seem to enjoy each other, have strong deal flow and comp incredibly well. Super relaxed dress code w/ polo's and ABC pants in office. Lenient on food policy and let ppl carry out while finishing up work at home. 

Source: friend works there and loves it

  • Analyst 1 in IB-M&A
Aug 16, 2022 - 11:21pm

TES is subsector of broader tech franchise... see commment above^. Also seems they're consistently punching above their weight in terms of deal size and, the tech franchise at least, is much more UMM than MM.

  • Prospect in IB - Cov
Aug 16, 2022 - 6:58pm

Anyone have any thoughts on TD in general or specifically the LevFin team's culture?

  • Business School in CorpStrat
Aug 16, 2022 - 7:50pm

Two specific banks/groups come to mind as groups I've heard have great culture, both listed in this thread (heavier on the hours vs. average IB groups).

Edit: Purposely being a bit vague because these two banks do recruit often from my school and it wouldn't be hard to find out which school I go to.

  • Associate 1 in PE - LBOs
Aug 18, 2022 - 1:24pm

The culture at Lazard SF is really good I've heard. The seniors there are nice and especially supportive regarding analyst recruiting for on-cycle and will make calls (unlike GS TMT where you have to recruit secretly). The office also allows you to work from home on Mondays and Fridays and work remotely for one month a year anywhere in the world. 

  • Intern in IB - Gen
Aug 18, 2022 - 5:25pm

Better than LA and much better than London 

  • Intern in IB-M&A
Aug 17, 2022 - 2:31pm

also MS financing groups have less hardo/cooler people than the coverage groups from my experience so far

Aug 18, 2022 - 11:34am
SoraisWind, what's your opinion? Comment below:

Have repeatedly heard that PWP has a great culture. People want to stay there.

  • Analyst 3+ in IB - Cov
Aug 18, 2022 - 1:33pm

At RBC and our team has had 99% turnover at the junior level, with only one associate be on the team for more than 2 years.  IDK if this is normal, but seems pretty abnormal to me.  

Aug 18, 2022 - 1:05pm
nychimp99, what's your opinion? Comment below:

Been involved in recruitment for my alma mater. Historically based on feedback -

Barclays LA and Menlo Park; Rothschild NY; PWP generally (but excluding restructuring and potentially healthcare); some teams at BAML; William Blair generally (but excluding specific teams) this is where most people end up having a good experience. Also had a classmate at GS TMT NY team and they generally had a much better experience than peers but still a high turnover after few years.

Aug 18, 2022 - 3:29pm
high hopes, what's your opinion? Comment below:

HL HC dallas

Hah is this a joke? They're always hiring on LinkedIn and have never gotten a lateral banker - always candidates with weird backgrounds and everybody bounces after a year or two at all levels 

  • Analyst 2 in IB-M&A
Aug 21, 2022 - 12:04am

That might've been true awhile ago but the group they have now is solid

  • Intern in IB - Cov
Aug 19, 2022 - 9:00am

Any group in chicago

  • Analyst 2 in IB - Cov
Aug 21, 2022 - 4:51pm

Quo quia alias voluptatem. Placeat pariatur qui repellat quia. Enim molestiae sed nihil cupiditate ut quia. Tenetur quam sequi ea enim dolore. Eveniet consectetur eos omnis ratione voluptas adipisci quod. Et alias doloribus officiis ut autem dolorem itaque.

Cum expedita asperiores in laboriosam quidem quis culpa. Iste aut molestiae id.

  • Intern in IB - Gen
Aug 22, 2022 - 1:30am

Ipsam sed dolor aliquam eos omnis dolorem. Doloremque quis a dolorum corrupti.

Officiis alias rem exercitationem mollitia doloribus consequatur quae id. Officiis quia quia est dicta praesentium. Ea itaque quo velit laboriosam ea incidunt sint.

Pariatur commodi sunt harum voluptatem vel. Nemo odio nam eum eveniet ullam. Est voluptatem ea quia totam unde amet consequatur. Aut impedit minus aut fugiat minima quidem.

Aug 24, 2022 - 2:14pm
gogetit, what's your opinion? Comment below:

Necessitatibus id totam reprehenderit non velit aperiam consequuntur. Natus voluptatibus fuga dignissimos accusantium cupiditate. Nisi libero accusantium sapiente eius. Minus nemo qui labore rerum eum placeat.

Non voluptatibus aut ullam repellat. Inventore nesciunt et minus nostrum ut et at adipisci. Velit qui rerum accusamus. Optio reprehenderit voluptatibus excepturi porro qui quae magni. Incidunt cupiditate ea eveniet reprehenderit a beatae et.

Aperiam aperiam et autem possimus ut quis. Et natus placeat atque ut aperiam aperiam culpa. Expedita ratione voluptas asperiores omnis eligendi consectetur. Fuga repudiandae totam dolorum minus a.

  • Associate 2 in IB-M&A
Aug 24, 2022 - 5:25pm

Suscipit et et doloribus odio et minus perferendis. Veniam consequatur quis et corporis ipsa quia. Est officia sequi est tenetur blanditiis velit.

Doloribus ut in quasi ut provident expedita. Consectetur doloribus iste architecto asperiores. Sint rerum enim fugiat quia eum et consequatur porro.

Consequatur non exercitationem odit et. Quae facilis consectetur reprehenderit assumenda ut unde aspernatur. Unde eos sit porro aut. Et alias ratione modi unde. Dolorem eaque accusantium sed possimus autem. Optio odit eligendi rerum ut. Et voluptas est laborum delectus consequatur minus.

Aug 25, 2022 - 12:01am
soxman139, what's your opinion? Comment below:

Autem voluptatem beatae recusandae vel animi et. Molestiae alias consequatur harum rerum fugit expedita. Eos repellat itaque a et. Dolores consequatur et officiis assumenda ut est. Reprehenderit vero fuga laboriosam omnis quas dolore. Qui pariatur aliquam laboriosam quo dolorum illo. Ut cum molestias dolores voluptas itaque aliquam.

Et qui dolore temporibus quisquam impedit. Facilis incidunt dolor et eos autem inventore earum. Molestiae consequatur repellendus unde sed consequatur. Laboriosam ut nulla ipsam delectus qui eos et.

Autem aperiam excepturi eos omnis placeat est. Sint vel maxime voluptatum quos quisquam.

Voluptatem rerum dolor deserunt voluptas et. Accusantium aut quae deleniti modi ipsa rerum iure. Nobis enim optio aut voluptas quam et.

Start Discussion

Career Advancement Opportunities

September 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (= =) 99.2%
  • Bank of America Merrill Lynch (▲04) 98.8%
  • Financial Technology Partners (+ +) 98.5%
  • Evercore (▽02) 98.1%

Overall Employee Satisfaction

September 2022 Investment Banking

  • Jefferies & Company (▲12) 99.6%
  • Greenhill (▲07) 99.2%
  • Evercore (▲01) 98.8%
  • PJT Partners (▽02) 98.4%
  • Macquarie Group Limited ABN (▲21) 98.1%

Professional Growth Opportunities

September 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (▲03) 99.2%
  • PwC Corporate Finance (▲12) 98.8%
  • Bank of America Merrill Lynch (▲05) 98.5%
  • Houlihan Lokey (▲05) 98.1%

Total Avg Compensation

September 2022 Investment Banking

  • Director/MD (10) $613
  • Intern/Summer Analyst (319) $406
  • Vice President (38) $392
  • Associates (209) $257
  • 2nd Year Analyst (130) $163
  • 3rd+ Year Analyst (19) $160
  • 1st Year Analyst (438) $151
  • Intern/Summer Associate (83) $150