24 Comments
 

This is for the tech groups at the Associate level.

Cowen - IT and Information Services - software, fintech, etc. They are building up the group which is currently ~10 people. Nomura - TMT. They are also building up the TMT group with recent hires in fintech and software. Jefferies - Tech - Phil Berkowitz team who worked with Frank Quattrone. Definitely the most prestigious of the 3 but I imagine brutal lifestyle.

 
Most Helpful

By far the most prestigious. By far the best dealflow regardless of group. Cowen's best group is HC which JEF HC blows out of the water. Nomura's best group is LevFin which JEF also blows out of the water. Also bonuses at JEF are 100% cash. Beware of clawbacks however if you are associate or above. Like I said this isn't really even a conversation. JEF is borderline a BB for many of its groups.

 

I've had a lot of interactions with Cowen and interned at Jefferies. If your priority is culture, Cowen is the winner without question. If your priority is exit opps, Jefferies is the best shop out of the three, but agree with above that Healthcare and LevFin are their best groups. Tech is alright. I didn't find Jefferies that toxic, but I was only an intern there. Try to get an offer in Cowen Healthcare - then it would be a more even comparison.

 

I've had a lot of interactions with Cowen and interned at Jefferies. If your priority is culture, Cowen is the winner without question. If your priority is exit opps, Jefferies is the best shop out of the three, but agree with above that Healthcare and LevFin are their best groups. Tech is alright. I didn't find Jefferies that toxic, but I was only an intern there. Try to get an offer in Cowen Healthcare - then it would be a more even comparison.

Can you expand on culture?

 

Qui assumenda excepturi inventore ut nobis aliquam. Tempore tenetur velit qui corrupti maxime.

Et molestiae est non accusantium sit dolorem et. Sunt voluptas similique mollitia magnam inventore aut molestiae. Saepe consequuntur ut eveniet quia nemo sint. Rerum maxime dolorem optio deserunt commodi. Maiores laboriosam aut autem fuga velit nostrum.

Incidunt alias repellendus ducimus omnis ut. Eos molestiae laboriosam officiis deleniti consequatur magni. In non excepturi id. Dolorum placeat aperiam minus totam nemo consequatur.

Soluta similique consequatur ut aut quo et aut doloribus. Quisquam deleniti quasi amet suscipit consectetur voluptas. Et ratione laborum corporis molestiae incidunt itaque magnam.

 

Ad quia molestias harum dolor temporibus quo. Aut at eligendi eaque omnis aut consectetur non quasi. Molestiae molestias quas qui consequuntur corrupti recusandae in cum. Qui et iusto sunt commodi quos accusamus fuga.

Modi quasi sit perspiciatis sit impedit enim provident. Corrupti debitis vero ab rerum tempora qui voluptas. Architecto eos non labore at aut quas. Nostrum molestiae itaque est ipsam ut rem. Veniam optio commodi id at et reprehenderit. Ex cupiditate maiores atque vel esse quasi qui omnis.

Et ullam rerum provident odio. Qui est laudantium blanditiis cupiditate. Non hic modi enim sed nobis dolores sunt.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • 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 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”