Does anyone have any update on the Ray Jay Boston Tech & Services recruitment? Had original application but haven’t heard anything, I do know that Chicago process moved on but I also heard from someone out of Boston that all the RayJay timelines are different between offices.
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Based on the most helpful WSO content, Raymond James' Boston Tech & Services group is particularly strong, as it stems from the acquisition of Lane Berry, a reputable tech boutique. Recruitment timelines can indeed vary between offices, as noted in previous discussions. While Chicago's process may have progressed, Boston could be operating on a different schedule. It’s recommended to follow up with HR or your recruiter for specific updates regarding your application status.
Sources: Best groups at Raymond James ?, 2019 SA RECRUITMENT TIMELINE UPDATE?, Raymond James IBD Rep, https://www.wallstreetoasis.com/forum/investment-banking/any-updates-on-barclays-2020-sa?customgpt=1
lol I work at RJ T&S. Don’t come here it’s a sweatshop.
I’m not involved at all with recruiting so I don’t have much visibility, but all I know is that our super days were held last Thursday and think we had a bunch of first rounds before that too.
I’ve still seen people get internship offers after superday had long ended (not sure why, maybe group decided we need more interns / maybe people we extended offers to from SD didn’t accept, again I’m not familiar), so I would still try to reach out in case there are one or two internship spots open, but since superday ended, your odds are likely lower.
Really appreciate the tip. Yeah, I heard that it is a lot of deal flow through Boston but that is a high priority for me. If I'm doing IB, might as well go all the way with an office that has elevated deal flow which comes at the cost of more working hours.
Also, I'm curious to know if I am still in the process if they have had a superday already and I haven't necessarily moved forward yet.
Deal flow doesn’t mean closed deals always.
RJ T&S has the 1B+ marquee deals (we’ve done quite a couple 1B+ deals; recently closed Raptor which sold at 2B) but also takes on 100m deals and shitty deals that won’t make it past diligence. It’s the definition of a volume shop. Good deal bad deal, they will take anything and everything under the sun. There are analysts here who are 2 years in and haven’t had a single deal close because they got shafted on staffing and only worked on the deals that never closed and can’t write a deal on their resumes
Is there anything a first year can do in their power to be staffed on deals more likely to close (maybe specific teams over others)?
No. I thought being in boston (group heads, staffer, MDs are in boston) would mean more proximity = more likelihood of voicing deals sectors you’re interested in.
I don’t think that’s the case.
At the associate level, VPs can voice who they want on their deals and staff more technical / smarter associate to deals with more fees.
At the analyst level, you’re a commodity. there’s not much difference between a good vs bad analyst.
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