Raymond James
How is Raymond James perceived in the MM space? Is it on par with WB, Jeffries or would it be considered a notch below? It seems like tech is the strongest group but was wondering if any of the other groups are strong, such as diversified industrials, healthcare or real estate.
Tech is a good group at RJ, but the firm is certainly not on the level of Blair and JEF.
I also have a friend in the group and this isn't accurate from what I've heard. Their tech group is as MM as Blair is and they also touch a few $1b+ deals per year.
Guess we'll never know unless we're in the group lol - maybe some PE folks in the MM tech space can chime in
This is not true at all. In more recent years, the tech group's sweet spot is in the $250 million - $750m range, with several deals above and below this. Tech group competes against HW, Blair, Jefferies, and FT Partners, pretty frequently. Some of the other industry groups are a lot weaker. Financo acquisition should help bolster their Consumer group, which i have heard was competing on much smaller mandates than the tech group.
Would you take RJ over a firm like WF?
As others said realistically on the lower end of the MM. Tech is definitely the best group, great dealflow and their average transaction size is bigger than the other groups at RJ. A fine place to be if you have an opportunity to work there
Doing well in tech, tech-enabled services, HC services and HCIT. A notch below Jef/WB/HL, but a solid MM shop. Feel like they've sold some high quality assets at frothy prices of late.
Any idea on comp? Specifically at the hq in st.pete?
Street
Would this be a good place to be if you want to be a career banker or does it being lmm make it tougher to move up the ranks?
I think they are carried by a strong tech presence but drop off quick after that. Not a bad place to be tho, can definitely think of dozens worse.
Here to confirm they compete within the MM Tech space with some of the best.
Friend at RJ's healthcare equity research department. Pay is slightly below street.
Any decent groups outside of tech?
How is the culture/hours in the Boston tech group?
Former RJ banker, staying anonymous. Top groups were tech and real estate by a wide margin. They competed with respectable MM and BB groups. FIG did well too and O&G maybe. Could be wrong but the other groups not as strong as the previously mentioned not as competitive with other banks.
Pay was street and sometimes seemed high but I never asked buddies at other banks. My second year, top bucket was $170k+. When you factor in not living in NY, you’re coming out way ahead on taxes and then add on cost of living savings. For new kids, I would recommend gunning for tech or RE and being okay with FIG. Other groups I would evaluate other offers. Hope this helps.
I appreciate it. Is RJ good for someone who wants to be a career banker? Also, which locations are real estate and tech out of? I know tech is in Atlanta and Boston, but is it in stpete as well?
How's the Industrials group in Tampa?
Misleading and wrong. Do you really think RJ tech competes with respectable BB groups. They would get fucking destroyed by any BB bank even DB. Worked there and no matter how much deal flow they have they have no brand and tout working hard in place of skill or knowledge. Those people have a bad culture and no one should try to work there. They’ve had ridiculous attrition and don’t care at all. Co-heads cause the attrition and bad VPs (literally everywhere, mostly Boston and Atlanta). Feel weird calling them by names, but anyone who knows the group knows the senior bankers I’m referring to
Being a junior banker here sucks and seriously consider the downside. Why would you be more likely to stay if so many people have quit already? What makes you different? Don’t you think the people that got these jobs thought similarity before? Everyone knows RJ tech is terrible culture
Take any other mm bank over. Saw a comment on WF, hope you took that
Currently in tech group, feel free to pm with questions or ask in thread
You guys hiring entry level analysts rn?
Yes - I’d double check linkedIn though. Last I heard, there were one or two slots.
Are hours in St. Pete just as bad as in NYC?
Are their good groups based in Florida or NYC?
Tech is spread out between Boston, ATL, NYC (infrastructure tech), and St. Pete (Florida)
St.Pete also has a real estate and FIG.
NYC is infrastructure tech, restructuring group (private capital markets) and life sciences (mainly cap raises)
How is comp at the associate and vp level?
Anyone know how big tech group is in Florida? Seems like they’re hiring but mostly Boston and Atlanta.
Don’t think the T&S group is in Florida. Just Boston, Atlanta and San Francisco I believe. Look at the team page on the website could probably confirm
Anyone have info on the consumer group in nyc?
Believe the consumer group in nyc is financo who they just acquired - not sure what the group looked like before the acquisition. Industrials has some verticals in nyc and they are apparently a growing, hungry team with great deal flow.
Also heard tech & services is their best group. Sounds like they are investing a lot in and really trying to grow the investment bank. Sounds like a good spot to be for sell-side reps and culture (other than tech & services) seems to be solid
I don't think Financo has been folded into RJ like that yet, pretty sure it's still a separate entity that operates under the RJ parent organization. They have that setup with a FIG boutique they acquired as well (Silver Lane) - they have a separate Financial Services group. Nomura does the same thing with Greentech.
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