Harris Williams, William Blair or Baird?
Which investment bank between HW, RW Baird or W Blair is stronger in M&A? Transaction volume and deal value? How do they measure in pay and exits?
May 24, 2023May 24, 2023
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Comments (17)
LITERALLY THE SAME
Blair
HW for the best buy side exits.
Second this. They are know for almost exclusively doing sell-side to PE deals.
Coverage group matters. Can you be more specific?
Coverage group matters, likely places at each have great groups that do deal values above the bank average and are held in higher esteem.
WB tech or Healthcare are UMM in terms of transactions, just go to their website. In this new era, deal value and volume is likely lower everywhere, but the tech and healthcare groups at WB give you pretty great options.
Since most funds are tech or healthcare focused, I would argue WB is likely going to be more well known than the others for many places you would go. No tech invester who touches companies from $200m - $5B isn't aware of the prominence of WB, saying that as someone who invests in tech.
That said, I do know they laid off like 1/3 their staff and deal volumes are way lower in tech and IB in general, so pay is likely worse than it was, but rep is still there.
Blair for tech, Baird for industrials and gov/defense, HW for HC, HW and Blair for consumer
Real WSO OGs will tell you how HW goes to bat for their analysts.
I know Baird industrials is really good. But how does WB and HW industrials compare to Baird?
Worked at a MM and now in PE -
Purely for exits, I'd lean Blair. Reputationally it's the best - there might be exceptions for certain groups, but generally speaking the Blair brand is slightly stronger.
You'd be hard pressed to find a single UMM exit from HW or Baird and I personally know a handful from WB.
People really hype up the HW "supportive recruiting" which is valid, but from what I've seen this is just the MD helping analysts get job at random MM PE firms (which anyone from Baird or Blair could interview ar just the same). The HW MD isn't bypassing the headhunter process at a reputable MM or UMM fund, so it really only helps at smaller shops.
For analyst experience I'd take HW though - best WLB, probably best culture, and best pay (at least last year(
HW having any sort of WLB is news to me…. esp HC and consumer….
What are hours like?
Harris Williams Blaird
Up
To you
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Harriss Williams in VA known to be sweaty af. Would factor that into consideration.
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