Culture at Oppenheimer & Co.

Was just selected for a first round interview with Oppenheimer & Co. but I haven't spoken with any employees so I don't know much about the firm.

Does anyone know anything about the culture there?

Best groups?

Etc.?

31 Comments
 

Thank you. Unsure how to do that honesty. Do you have to post under your username for me to do that?

 

Hey, gonna apply to Oppenheimer in MD. I know it’s not any but do you know anything about the firm, culture, any specifics that makes it stand out?

 

hey I worked at opco until recently. the md group only does rental services, and they do some of the biggest deals at the bank. hours and pretty harsh from what I've gathered. also seems to run a lean team. sorry for the bad grammar just typing out real quick in my spare time

 

Not the best culture, not the best exits, pay slightly below street. They left all their SA class out to dry this year by cancelling the internship a couple weeks before it was supposed to start (that gives you the sense of place it is) which is also why they are hiring FT.

Think they are better known for ER than IB to be honest. HC is there best group in banking and even there they don’t get the best deals.

 
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I know Oppenheimer very well. Platform as a whole can be characterized as sort of dysfunctional. Understaffed across the board, pretty top heavy in some groups, and not a lot of support from senior management. Despite the cons, they produce some really well rounded analysts. You’ll get worked hard but gain a solid skillset by virtue of having to be your own Associate and VP 90% of the time. It’s a good place to spend a year at then lateral to a better bank. Know a lot of people who have lateraled to top MMs and BBs.

Quick thoughts on a few groups:

Healthcare: generally seen as the strongest. Very active ECM practice. Does some M&A as well mostly out of the healthcare services team in Miami

M&A: gets worked hard. Works a lot with the rental services group in Baltimore, which is responsible for the some the biggest M&A deals that come out of the firm ($500-1bn+). Also works with Miami quite a bit.

Tech: another pretty good group. Split between NY and SF, but have heard that the people in NY are a lot chiller than those in SF. Like healthcare, also very active on the equity side. Another plus is that they tend to run their own M&A processes.

FIG: new group but pretty strong. Very active in M&A and some financings. Heard the group head tends to be very strict. Some people in the group have been burned pretty badly so not the best culture.

Consumer: would avoid. Not great deal flow or culture.

 

Very accurate info right here - former opco guy here, we probably know each other irl...

Platform can feel very dysfunctional, juniors as a whole are all driven and smart. Some seniors seem to be incompetent, 90% of deal flow is driven by ~ 5,6 MDs.

Many senior people in the firm speak about how Oppenheimer is run like a private company, which is great if you are an MD who has not gotten a deal across the finish line in 18 months, not so much if you are the junior working on pitches day in and day out for said MD.

 

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