Cantor vs. Piper Healthcare Group

I know the guys at Cantor very well (given that RE is their other big vertical) and I have to say this is a much more interesting comparison than the analysts are making it out to be. 
 

Historically, Piper Jaffray and Cantor were actually pretty similar. In recent years though they've taken opposite growth strategies. Piper Jaffray (now Piper Sandler) has acquired companies constantly to expand their core offerings and grow horizontally, while leveraging the expanding brand to climb up-market in their existing strengths. Cantor has done the exact opposite, divesting core business units but multiplying head count on their core advisory units (Healthcare and SPACs). Both banks are having record years; PS stock is on a tear and Cantor somehow showed out as #3 on the SPAC underwriting league tables; but they've done it in complete opposite ways.

What I'll say about Cantor, having worked extensively with employees of all levels there is that they're hustlers at heart. It's a very "New York" culture. Someone else here said sink or swim and that seems to be right. They hire individual producers, not team builders. You will be surrounded by individual-oriented senior employees who are solely worried about how much revenue they can attach their name to and do not give a fuck about which juniors help them execute unless they're fucking up or if they have a high profile deal and need someone they trust. Sound shitty to you? It is for a lot of people, but I always liked that model and think there's a type of person that it works for. The type that would rather organically forge themselves into the in-crowd and producer crowd then be propped up by nurturing HR policies that make sure all junior employees get treated the same. If you're certain that's what you want, they're cool friggin guys. If you're looking for somewhere to be mid-bucket, mostly work 60-70 hour weeks and have your superiors constantly watching over you to make sure you're having a good experience, you wont like Cantor.