HL RX in MN-- Thoughts?

Honestly wouldn't mind being in MN to retire or whatever but it's obviously a big deal to not be in NYC/LA/CHI. Basically, is HLRX MN considered the shitty budget version of the monster NYC group or is it still really good?

Any ability to transfer? What are exit opps like (I'm sure they're decent but limited to MM or non-prestige MM generally) but is deal flow central only to this office (e.g. originated within MN office only) or is there any cross-work with other offices? Lateral opps? Any thoughts?

8 Comments
 
Most Helpful

Can't speak to deal flow but re: MN ... Why would they shit on the MN aspect? I'm from Minneapolis and yeah it's not NY/SF/CHI but still got things to do (pandemic aside)

I no longer live there, but the analysts I remember from HL, Piper, and Laz all enjoyed their time and found things to do outside the office. The outdoors scene really is huge. Hunting, biking, running, fishing, hiking, boating, etc - you will have something to do year round, MN people love being outside. Plus, there are a lot of solid bars throughout MPLS for younger professionals to go to (aka lots of college-aged girls go here).

The girl scene can be easy if you find a girl at the U or just hop on hinge - lots of beautiful, midwestern girls here with solid values. I will say that it most likely will be hard to find a core group of MN/midwest friends due to a lot of people having been friends for many years (middle school/high school/college). However, if you are able to connect with one guy who has a larger group of friends, I would be surprised if they didn't want to hang out with you. Just don't be a kook.

 

HLRX MN is solid since their rainmaker often stays between the LA and MN office. They have a laid back culture where analysts can wear jeans to work most of the time. 

Its hard to transfer to different offices unless its to support a deal. E.g. someone from HL LA went to NY to help with a deal. Exit opps are not as great as their LA or NY office. I have personally seen a lot of ppl lateral to different banks. 

 

Libero est ut nihil numquam culpa. Et facere est ea est. Aliquam delectus consequatur totam dolorem dolorem fuga et ducimus.

Voluptatem consequatur nihil temporibus ratione quo. Et amet vel assumenda amet sed ad vel.

Eum quibusdam omnis rem autem et excepturi perferendis veniam. Possimus hic culpa commodi porro nesciunt. Culpa quam delectus aut ipsum amet et. Provident rerum sequi aspernatur animi ut. Non omnis et expedita ea esse. Culpa vel earum beatae suscipit. Nostrum quaerat ut et quidem dicta eligendi distinctio.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Linda Abraham's picture
Linda Abraham
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...”