Oppenheimer IB 2022
Hello everyone. I'm interviewing with Oppenheimer for a lateral position in a coverage group soon. I was wondering where it stacked up vs other MM IBs like WB/Baird/Lincoln/MacCap/RJ/Stifel in terms of deal flow, culture, and exits.
From the old threads and 2nd hand accounts it seems to be fine on all 3 fronts and comparable to your standard MM.
There doesn't seem to be much discussion and the most recent detailed thread was from 2018-2020. Is it because it's small from a headcount perspective? Would appreciate any info from the community.
It's better than RJ AND Stifel, for sure. What coverage group are we talking about?
In all 3 metrics?
Why is there way more info for RJ and Stifel than Oppenheimer?
Do they have SAs at Opco
Also how does Oppenheimer compare to Wells Fargo for IB?
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Bump.
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Thought this was about the Oppenheimer movie coming out at first.
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The HC services group out of Miami is pretty decent. I know they're building out a healthcare M&A team focused on just healthcare M&A deals that's spearheaded by an ex-Jefferies HC MD (Don Ritucci). I think the product M&A group is also pretty good - works mostly with HC services, Rental Services and Transportation & Logistics.
Don was more of a sponsor coverage banker for Jefferies HC services group. His value add is questionable and he didn't make the move by choice.
That being said, OppCo's done some incredible Medicare and value-based healthcare deals (high multiple, highly competitive) the past couple years.
Not OP but any thoughts on the Miami HC services group?
Good group. I have no idea how the split between NY and Mia works (if there even is one), but they've done several attractive half-billion or larger deals with strong outcomes.
I heard their TMT and M&A are their top groups recently, along with their always solid HC presence. I don't think it's better than William Blair but probably equal to or better than the other banks listed.
That being said, they don't really have a balance sheet the way Wells Fargo and RBC does so I'd probably pick those banks over them unless it's in coverage, as I heard those two banks only basically do financing deals.
Heard they get worked though, especially M&A.
1000% not better than Baird
Any insight into comp?
90k base for an 1. Think it’s scales by 10k after
anyone have insights into their SA comp? Heard it's pretty bad
Anyone know how BTIG stacks up in this group?
If they only pay 90k for AN 1 then I think that says enough about them (didn't even know this still happened??)
Also, pretty sure they canned all their interns in 2020 during the pandemic even as most other banks gave everyone offers. Don't know of any other reputable bank that did this but correct me if I am wrong.
They typically have 100%+ of bonus depending on group
That intern is right, my roommate worked there his first year and his bonus was 120% as a mid-bucket so I think TC is still the same. Still annoying structure though.
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