DA Davidson
Any thoughts / info on D.A. Davidson? Comp, WLB, Culture, Exits, Etc? Also any idea if the interview process includes a model or case study?
Thank you advance, any information helps!!
Based on the WSO Dataset, D.A. Davidson & Co. is a well-established firm with over 60 office locations throughout the United States, including states like California, Colorado, Iowa, Idaho, Massachusetts, Minnesota, Missouri, Montana, Nebraska, Ohio, Oklahoma, Oregon, Utah, Washington, and Wyoming. The firm is known for its strong presence in the financial sector, offering a range of services.
Regarding compensation (Comp), work-life balance (WLB), culture, exit opportunities (Exits), and the interview process, the specific details for D.A. Davidson & Co. are not directly provided in the context. However, considering the firm's extensive network and its reputation, it can be inferred that it offers competitive compensation and a supportive work environment. The culture at such firms often emphasizes teamwork, client service, and professional development, which can lead to valuable exit opportunities in the finance industry.
As for the interview process, while there's no explicit mention of whether it includes a model or case study, it's common in the industry for firms to assess candidates' technical skills and problem-solving abilities through such methods. Therefore, it would be prudent to prepare for the possibility of encountering a modeling test or case study as part of the interview process.
For the most accurate and up-to-date information, reaching out directly to the firm or networking with current or former employees could provide deeper insights into these aspects.
Sources: Goldman Sachs Interview Process, Corporate Finance Q&A with accountingbyday, BJM85, STorIB, and djfiii, Bridgewater vs. D.E. Shaw, Searching for a Summer Internship?, Interview with Piper Jaffray
Pay below market, exits trash, work on trash deals.
Upside: Southern California. If you aren’t in CA then there are no upsides other than having IB on your resume.
Thank you. Seems like there’s been some solid moves to other banks, but no real exits to PE.
Any idea if it’s super sweaty?
What group are you going for?
Not a very good firm...tiny deals, below market comp, and limited exit opportunities. Not the best place to spend your analyst years
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Can you PM me please?
From what I gather, it's more LMM than MM. Around $30-80M EV transactions or something along those lines. My friend there tells me that it has a pretty sweaty / hardo culture despite being a LMM shop. Overall they're probably like a notch or two below like a Stifel type shop....
Bump, following
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do you know anyone that lateraled and to where?
https://www.linkedin.com
Could you please elaborate? Do they not work on complex transactions / do much modeling?
Anyone get contacted for an interview yet?
I did get contacted for their DI group in Denver about a month ago. The process began last week of April and ended in a rejection by end of May. I can't speak to other offices and levels, but the role I interviewed for was the Experienced Analyst with 1-2 years of IB. The process of straight forward. First round with HR and asking why DA and what qualifies you for the role. Second round with an associate asking about interest in the industry and level of experience. Third and final round in office with 8-10 people in a standard super day format. Expect technical and to explain why that group and their firm. Also, the HR professional is very prompt and pleasure to work with.
Some general tips
* If you are not located in Denver, express willingness and openness to relocating.
* Be able to tie any past experience to the role.
* Explain why this bank stands out from others
* Know your deals (business overview, deal type, financial metrics, and some considerations)
* Know your role on each deal.
* Don't oversell your experience. With any IB role they are just trying to know if you understand how to work in a team and understand the general M&A process. They want to know this as it tells them how much if any training they have to put into to you.
Hope that helps and feel free to PM if you have any questions
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Not the best shop
IB side is small and mostly does MM ECM/DCM deals. Better off a a lesser known LMM boutique doing M&A IMO. You’ll get significantly more transferable experience
What's wrong with ECM/DCM deals from a learning perspective? Sorry just trying to understand the context here..
Echoing what others have said, pay is well below market and you're likely not going exit directly into any of the more sought after roles. For most people it's basically the minor leagues in that you spend a short bit of time there and then graduate to a better firm.
This shop sucks especially Denver. You gain literally no technical experience, that’s why no one leaves often because they can’t model or think critically. Heard this second hand from a friend. Basically, outside of a couple MDs in that group in Denver everyone else is very dumb.
What’s comp
below street. first year analyst base is $95k and i believe max bonus is 50%. would echo above, chicago office much better than denver
Lol this sounds strangely contemptuous for a post to a thread that hasn’t been commented on in months…i.e. you had to search for the firm in the archives, then proceed to type a very targeted and angry post about a particular group which you supposedly weren’t even a part of…🤔
We found the DA analyst! Ironic that you complain about months going by and this thread wasn't even on the first 10 pages of WSO by the time you responded.
The FIG team is solid. Rest of the bank is sort of sad. Tons of turnover due to below market comp and sub par deal flow. The tech team in particular seems to be just doing fintech deals at this point as most of the software bankers left for other firms. If you really want to get a job in banking it’s likely a decent place to do a year and then lateral to a platform with better pay and deal flow.
do you think their FIG team is as good as the other mm banks w/ decent fig practices? like piper/stifel/hl
I do actually. Know some of their better analysts that were able to lateral to BB fig groups so that tells you a lot about how the street views them.
Depends on the FIG vertical, I only have some exposure to their banks team, which would be ~2 tiers below Stifel/KBW and Piper (personally view RJ/Stephens 1 tier below KBW/Piper and DADCO 1 tier below RJ/Stephens)
Going to buyside from DA Davidson FIG would be tough but lateraling to BB FIG is doable if you're able to get solid technical experience.
Reviving the thread. Any info on the lifestyle aspects (particularly NYC - wlb, benefits, meal stipends, etc) ?
why is evb deleting info?
Edit
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