Piper Sandler Minneapolis HC VS. Ziegler NY HC

For buyside recruiting, would the Piper Sandler Healthcare group in Minneapolis or Ziegler Healthcare group in New York be better?

I'll be aiming for MF (Unlikely I know) and UMM PE and Growth firms in New York and SF. Piper seems like the clear winner but interested to hear some other opinions.

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Personally I’d go with Piper. Normally, the typical advice of picking a similar type bank but located in NYC would make sense, but Ziegler’s focus will likely hinder you a bit more than the benefit of being within a larger market.

Ziegler mainly focuses on debt underwriting for senior living, and their broader HC team has a similar focus of specialty services for that sector, LT acute care hospital deals, and NFP advisory.

I know being in MN would not be ideal, but I feel the training, experience, and quality of reps/deal you’d get at Piper would be better suited for transitioning to the buy-side eventually. Yes, it’ll still be difficult, but only major thing you’d have to overcome would be the story of changing location.

 

Is it a difficult sell explaining why you want to move from Minneapolis to NYC?

 
DifferentKindaHigh

Personally I'd go with Piper. Normally, the typical advice of picking a similar type bank but located in NYC would make sense, but Ziegler's focus will likely hinder you a bit more than the benefit of being within a larger market.

Ziegler mainly focuses on debt underwriting for senior living, and their broader HC team has a similar focus of specialty services for that sector, LT acute care hospital deals, and NFP advisory.

I know being in MN would not be ideal, but I feel the training, experience, and quality of reps/deal you'd get at Piper would be better suited for transitioning to the buy-side eventually. Yes, it'll still be difficult, but only major thing you'd have to overcome would be the story of changing location.

Heard the physician service team in NY works solely on M&A deals. Not sure if that changes anything or if that's the team OP is thinking about.

 

Lateralling from Piper is not too difficult in a normal enviornment. If you do it 6 months - 1 year in, you just recruit on cycle with the next year's class, for 2 summers down the road, recrutiers don't care, easier to impress them anyways as you'll know more and be more prepared. Hardest part of this is lateralling in the current market, which will probably be pretty tough for the next 18-24 months.

 

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