Cascadia Capital 2024
Any updated info on Cascadia Capital? Looks like they have added several MDs this year but prior threads seem to indicate questionable culture / comp. Any insight on the offices as well?
Based on previous WSO threads, here is some information on Cascadia Capital:
Culture and Reputation: There have been mixed reviews about the culture at Cascadia Capital. One user mentioned seeing a 27-year-old MBA on TikTok who works there, which they found cringeworthy, suggesting a less favorable view of the firm's culture.
Comparison to Other Firms: In a 2016 thread, a user questioned whether Cascadia Capital could be the next Moelis, but the response was negative, indicating that it might not be on the same level as top-tier firms.
Office Locations: Specific information about the LA office or other locations was not detailed in the threads provided.
For the most current and detailed insights, it might be helpful to check recent discussions on WSO or reach out to current or former employees directly.
Sources: Strategy& Compensation Updates, Vista 2023 - Culture, Comp, etc...?, Cascadia Capital - Info on them, Info on Capital Group, Capstone Headwaters?
Bump
Cascadia has grown its senior banker count a lot this year with both VPs, directors and MDs. Has gotten a number of very impressive people from well respected banks, not too hard to figure out who and from where. Has been moving up market since it's rebrand a year ago and punches above its weight imo.
Has grown out offices in more on T2 cities, but also now has a respectable NYC office. Lots of hiring/focus on Austin. Culture isn't bad, has had a few very outspoken people online which aren't really representative. Good balance of chill/social/work and not nearly as toxic/ruthless as other banks. People seem to get along in their offices and are pretty friendly across the firm. Comp is structured bonus heavy but has consistently been above street for top performers. Paired with lower COL cities is nice.
How is comp structured at A1 and A2 levels? I know base is below street but any insight on typical bonus % range? Thanks for your help!
Correct me if I’m wrong but base for AN1 is 75k lmao
Define "outspoken." Usual election year stuff? If so I don't care, but anything concerning about how they run a team?
That was to the poster's point on culture, just outspoken former employees who have complained online, nothing on current employees. The firm hasn't had many people talk about it online and usually it's the upset or burnt out people who go out of their way to. Seems typical for the industry in my experience, nothing firm specific.
Anyone have insight on comp at analyst level?
For more info - around 10 MDs have been added across various coverage groups this year, and the 2024 and 2025 intern classes have been larger than in years past. Food, Bev, and Ag is the strongest group at the firm, and there has been a focus this year on growing the Software and Business Services team. As for locations, there are currently offices in Seattle, Austin, Minneapolis, Los Angeles, and New York. Right now, Seattle and Austin are the largest offices within the firm. Seattle has historically had the highest headcount, but there has been a strong emphasis on building out the Austin and Minneapolis offices, especially with junior talent. As for New York, it consists mainly of the consumer team that was acquired earlier this year (formerly Threadstone Capital) and other senior bankers. Los Angeles is also a smaller office and no longer a focal point of growth, especially for juniors.
Culture across the firm is solid but also depends on the office and group. Especially as seniors come in from other firms, it's tough to say definitively how the culture will change - but right now, the firm has more of a West Coast feel, where juniors certainly work hard but seniors are usually reasonable across the board (less of a face time culture). Analyst pay is on par with street, consisting of lower bases and higher bonuses. SA pay is below street as it is salary-based and not hourly (no OT).
Overall, the firm has been growing quickly and building off great momentum over the past few years. More of the firm's infrastructure and processes are being built out, including HR/recruitment functions and marketing materials/branding. Other groups outside of the main coverage groups are being established/expanding, including Sponsor Coverage and Capital Markets. The growth hasn't been perfect, with some turnover at the senior level, but it's been promising so far. Expect to continue to see more talent coming in, not just at the senior level but also at the Analyst/Associate level.
This sounds like it was written by HR
Anyone know if they’re running a FT process?
Yeah they are
any idea what groups / offices?
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