How is TD Securities IBD NYC?
Does anyone know about the culture, deal flow, compensation, and exit opportunities at TD securities in its IBD NYC office?
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Culture - pretty good tbh. Seems very collegiate and friendly
Deal flow - hit and miss depending on group. Seems like product groups (excl M&A) get decent reps but can’t say same for most coverage groups
Compensation - par for street esp BBs. You’re probably making more than most bankers on per hour basis
Appreciate the insight. On the comp point, is the better pay per hour mostly a function of lower hours vs BBs, or higher total pay? And have you seen solid exits from the top groups to MM PE fund?
not the vp from above but would say comp on average is higher without factoring in hours worked
quick comp pull from previous bonus threads:
an1: top bucket 75k
an2: top bucket 100k
aso1: stub of 40k + 40k signon, post full year is top bucket 130-140k bonus
aso2: top bucket 200-225k bonus
aso3: top bucket 250k bonus
vp: varies the most here depending on level but have seen 700-800k (although stock is like 20-30% which is fucking dogshit)
exits depend on group - have seen great mm pe exits and even mf infra exits from comms & media / fig (stonepeak, ecp, antin infra)
best deal flow by far is tech (their vertical software team specifically closes a fuck ton of good shit - can browse linkedin to see some good sellsides / buysides) followed up by comms & media (digital infrastructure closed around 50+ bn transaction volume in 2025), fig, levfin (huge growth on lead left mandates in the past few years)
other groups have heard not as good deal flow + strange culture / favoritism (some girl made vp in the healthcare group in 2025 despite grad in 2021 which is atrocious)
Any insights into their Power & Utilities group?
Heard TD power is great for the juniors and tough for VPs
Why is that?
Surprisingly the group does well and actually brings in good number of deals and decent revenue.
Culture is absolutely dogshit. I was in a different team in my analyst and junior associate year and we had a P&U analyst trying to switch to our group every quarter it seemed.
And from what I’ve heard, it’s gotten worse
Gonna have to disagree with you on the culture part, mate. I'm in P&U at a different firm and have worked with them a few times, and I also have a buddy in the group.
Your analyst and junior associate years were at least 2-4 years ago. Would be even farther back if you are VP2+. The group was extremely small and lean back then, so hours were incredibly brutal. The group started expanding headcount in 2025, and it's one of the fastest growing groups at TD. Since then, I haven't really heard of anything negative about the culture. Sure, the hours may be rougher than other TD groups but that's just P&U and infra in general. However, in terms of the actual people and environment in the group, I haven't heard of anything bad about them.
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