Internship in Philadelphia
Ok so the nice wallstreet oasis member aspiringmonkeyisanidiot posted this post on philadelphia investment banks. I have a few questions though. I am only a freshman looking to get an internship. Are all of these companies considered boutique investment banks? Because basically I haven't heard of really any of them. Are the ones at the top of the list more reputable? Should i aim for them?
2.) Have a completely separate question...if I am also interested in S&T should i basically be looking at the same investment banks that I would look at for an investment bank job? Thank you -Eric
Screening Criteria
1) Industry Classification: Investment Banking and Brokerage
2) Business Description: investment bank
3) Geographic Location: Philadelphia Area
Company Name
BDO Seidman, LLP
Legg Mason Wood Walker, Inc.
Capmark Financial Group Inc.
Capmark Finance Inc.
NatCity Investments, Inc.
Susquehanna International Group, LLP
Janney Montgomery Scott, LLC
Boenning & Scattergood, Inc.
Commerce Capital Markets, Inc.
Capmark Financial Group Inc.
Marshall & Stevens Incorporated
Berwind Financial Group
Loop Capital Markets, LLC
Citigroup Geneva Capital Strategies Inc.
Cohen & Company
Colmen Group, The
Colmen Menard Company, Inc.
Context Advisors, LLC
Corestates Bank N.A. (Philadelphia)
Crosskeys Capital
Deutsche Bank Alex. Brown Inc.
FINCOMÂ, INC
Greenberg Ferry, LLC
H.J. Hartz & Associates, Inc.
Harris Williams LLC
Howard, Lawson & Co.
M&A International, Inc.
MidMarket Capital Advisors, LLC
Newman & Associates
Philadelphia Brokerage Corporation
Remington Financial Group, Inc.
Ryan Beck & Co., Inc.
WellSpring BioCapital Partners LLC
Woodward Group, Ltd., The
Also I am confused....because i just looked up the company on the top of the list...BDO Seidman and it is an accounting firm??
I'm familiar with Loop Capital Markets. it's a Chicago firm (hence the name loop). I don't even think they have an office in Philly.
ewlang, this list is definitely not ranked from top to bottom...it's just a list
From all the companies i only know like 3 and i think cohen and co is most reputable, but not for certain
thank you! Is anyone else familiar with philadelphia companies? If you had to pick any 3 companies in philly(financial) what would they be....
Give me a minute. I will answer this question in detail.
Loop Capital is in Philly. I spoke with a couple people there. Minority firm.
Ok, I am almost done with an assignment, but I will take some time to help. I know Philadelphia very well.
BDO Seidman, LLP - apparently they might do some banking, but not in Philly (as far as I know)
Legg Mason Wood Walker, Inc. - Stifel Nicholas Wiesel (SP?) bought them
Capmark Financial Group Inc. - bankrupt and bought out Capmark Finance Inc. - Ditto
NatCity Investments, Inc. - I believe this is National City and they were bought by PNC. I might be mistaken
Susquehanna International Group, LLP - SIG is huge and very cool, In Conshohocken (SP?). I have spoken to some recruiters, not too easy to get an internship there. Job maybe. Mostly traders.
Janney Montgomery Scott, LLC - Larges IB Firm in Philly. Expanding a lot. Full suite of services
Boenning & Scattergood, Inc. - Smaller MM IB. They have a full suite also. In Conshi also
Commerce Capital Markets, Inc. - They were bought by someone I believe.
Capmark Financial Group Inc. - See Above
Marshall & Stevens Incorporated - No Clue
Berwind Financial Group - Pretty Small
Loop Capital Markets, LLC - Minority firm. I think they are past 18th st and Walnut. Spoke to a couple people there, fixed income sales
Citigroup Geneva Capital Strategies Inc. - Citi has some S&T and Public Finance in one of the Liberty Towers
Cohen & Company - No Clue
Colmen Group, The - Same
Colmen Menard Company, Inc. - Same
Context Advisors, LLC - Same
Corestates Bank N.A. (Philadelphia) - Acquires
Crosskeys Capital - Boutique, they are spread out, I think some in Harrisburg, small IB
Deutsche Bank Alex. Brown Inc. - Don't think they do anything of importance around here
FINCOM®, INC - ???
Greenberg Ferry, LLC -- ??
H.J. Hartz & Associates, Inc. - ??
Harris Williams LLC - They are out of the Mellon Tower I believe. I spoke to a MD at the Philly office once. Hard to pin point how many bankers are there.
Howard, Lawson & Co. - ???
M&A International, Inc. - ??
MidMarket Capital Advisors, LLC - Small IB, Deff Boutique
Newman & Associates - Same
Philadelphia Brokerage Corporation - Small
Remington Financial Group, Inc. - No Clue
Ryan Beck & Co., Inc. - Stifel Bought them I am pretty sure
WellSpring BioCapital Partners LLC - Not sure, but I know of a lot of VC and Bio stuff in town
Woodward Group, Ltd., The - No Clue
This list is actually complete shit and outdated. There are a ton of firms doing stuff. Philly is a decent town for finance IMO.
This is from the thread where the guy posted all the mid market firms (1-50mm) from IQCAP and I am fairly sure its old as shit. to the OP, just do some google searchs and start cold calling but don't expect anything mind blowing as a freshman.
I used this original list when I first moved down here. It is good to start with. I have managed to have 3 internships at different places around here so emailing and asking for help does work.
Thanks anthony...since that list kind of sucked...which companies would you suggest checking out?
Why limit yourself?
I mean I just thought that Phili would be most convenient for me since I am only a freshman...
Anthony, would you mind me contacting you on the Philly scene? I'm a student there for now.
Anyone in Philly or interested in the area feel free to PM me. More than happy to help.
Here is a thread where someone got a big Capital IQ Run; maybe you could get the some for Philly.
Some pretty awesome information!
Screening Criteria 1 Geographic Locations: San Francisco Area (Primary) 2 Industry Classifications: Investment Banking and Brokerage (Primary) 3 Business Description: Keyword: investment bank
Ackrell Capital, LLC
Alderwood Capital LLC
Aquilo Partners, L.P.
Architect Partners
Arena Group, LLC
Atlas Capital IB LLC
Babcock & Brown LP
Baker Pacific, Inc.
Banc of America Securities LLC
Barnard/Montague Capital Advisors
Bay Capital Partners, LLC
Berman Capital, LLC
Bowman/Hanson
Capital Agnostic Partners
Capital Bay Securities
Catapult Advisors LLC
Charles Schwab & Co. Inc.
Concordia Capital Technology Group, Inc.
D'accord Incorporated
Demeter Financial Group, LLC
E*Offering
Eagle Partners, LLC
ES-OP LLC
Financial Technology Partners LLC
First Principles Group
Fortrend International LLC
Fulcrum Securities, LLC
Garage Technology Ventures, Prior to Change in Line of Business
GCA Savvian Advisors, LLC
Gladius Capital Group, LLC
Glass, Lewis & Co., LLC
Gramercy Venture Advisors
Grove Capital Partners, LLC
GrowthPoint Technology Partners, LLC
GTK Partners
Hoefer & Arnett, Inc.
Howell Capital
IDI Associates
Instream Partners LLC
Intelligent Capital, Inc.
Jane Capital Partners LLC
JMP Securities LLC
Linden Advisors
Matheson Equity
Media Venture Partners, LLC
Menke & Associates, Inc.
Merriman Curhan Ford & Co.
Merriman Curhan Ford Group, Inc. (NasdaqCM:MERR)
Montague Partners
Montgomery, Marshall Healthcare Partners, LLC.
Navitas Corporate Finance, LLC
Nekei
North Point Advisors
Orion Capital Group, LLC
Pacific Growth Equities, LLC
PacificWave Partners Limited
Pagemill Partners, LLC
Petkevich & Partners LLC
Petkevich Group LLC, The
Prager, Sealy & Co. LLC
Presidio Financial Partners LLC
Presidio Merchant Partners LLC
Prudential Volpe Technology Group
Putnam Lovell
Qatalyst Partners LLP
Rainmaker Capital LLC
RainMakers Private Equity, LLC
Rutberg & Company, LLC
Sandhill Research Partners
Savvian, LLC
SFRi, LLC
Shoreline Pacific LLC
Sierra Asia Partners, Ltd.
Stone & Youngberg LLC
Stratagem Partnering, Inc.
Sutter Securities Incorporated
SVB Alliant
Technology Square Partners, LLC
Teknos Associates LLC
Tennyson West LLC
The Menke Group
The Shemano Group, Inc.
ThinkEquity LLC
Thomas Weisel Partners Group, Inc.
TWAssociates Capital, Inc.
TWK Enterprises Inc.
US Capital Partners, Inc.
Venturi & Company LLC
Viant Capital LLC
Volpe, Welty & Co.
Vrolyk & Company
Wells Fargo Securities, LLC
Wells Fargo Securities, LLC
Williams Capital Advisors, LLC
Willock Partners
Woodside Capital Partners LLC
Worldwide Capital Partners
Where do you think the OP got his list from?? We need an updated Cap IQ list. I used to have access, but no longer.
I know this thread is pretty old, but I am a sophomore in undergrad and my goal is to break into a sophomore rotational program in New York this summer with a bulge bracket. I want to try and complete a short off-season internship in Philly (I live in center city) during the month of January. My first internship after my freshman year was with a boutique M&A shop by where I go to college. If anyone has any tips of a shop in Philly that would be willing to take me on for January that would be great. Clearly going to be unpaid, just hungry for the experience.
Shoot me a PM, I can tell you a little about the banking scene here.
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