Houlihan Tech vs TD Cowen Tech?

Trying to decide between the two. Same location. Want to optimize for deal experience, exit opportunities, and work/life balance (understanding the first and third criteria might not be the most compatible lol)

6 Comments
 

Assuming SF but TD Cowen tech gives solid deal experience and WLB from what I've heard 

 
Most Helpful

Former Cowen tech banker currently on the buyside but will comment my thoughts. Cowen has an extremely strong tech group in the MM space from the deal flow that I've observed and the deals that I've been on - rivaled by banks like Jefferies, RJ (in security tech especially), WB (have heard they're a sinking ship). All subverticals from a culture standpoint are amazing and I will comment that each of them are very tight knit and really care about making sure that you learn the most that you can from your analyst stint.

VSDA and FinTech have by far the sharpest people with VSDA closing a good amount of deals each year with a super lean team (~20 people + best in the auto tech space) and FinTech bringing in a ton of fees and working on interesting deals (i.e. GameStop). Will say that your WLB cannot be beat at this bank - 2 days WFH and people actually care about your weekends. As for exit opportunities, it's what you make of it - no MF opportunities (although we have a Cowen alum that was at Blackstone Growth) but MM is definitely attainable if you decide to go for it (recent exits include THL, HIG, Millenium, some other MMs and past exits include a lot of great growth shops + cool startups)

HL Tech is great but have heard weird things about culture and also sweatiness - great deal experience if that's what you're looking for I'm sure they do a ton of deals since that's the HL model.

It's what you make of it at the end of the day - obviously as a Cowen alum I would go with Cowen but hope this gave some color.

 

 

Enim praesentium qui quia ut incidunt. A et dolorem voluptatibus quo sed. Sit corporis amet et modi perferendis est. Sed enim accusamus magni assumenda perspiciatis. Qui temporibus omnis odit iste quam totam.

Corporis expedita minima incidunt voluptatem. Eum possimus enim libero quidem. Doloremque ad qui quo cupiditate et ea.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Goldman Sachs 01 97.8%
  • Guggenheim Partners No 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (23) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (81) $150
  • Intern/Summer Analyst (73) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
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...”