Hi everyone, I haven't found much updated information about Raymond James, so just wondering how it's viewed on the street. What would pay/exit opps be like, and would being at HQ in a random place like Tampa/St. Pete impact overall prestige? Also I've heard their RE group is solid, but would this further limit the exit opps? If anyone has info on any of this I would greatly appreciate it.
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Up and coming firm, great tech, RE, and energy groups. Pays street (even in ATL and St. Pete) and has great culture. Exits are usually upstream to better banks or LMM/MM PE. Tech has the best exits, they have consistent exits to MM/UMM/GE. Send a few people to MFs as well.
Really mf?
Yep, they’ve sent people in the past to Apollo, Accel-KKR, and TPG. Might be missing a few more. The group has crazy deal flow and does a lot of work with PE funds. Consistently sends people to MMPE/GE firms like Summit, TA, Stone Point, etc.
I think MF is probably a stretch, but I interviewed at a few top tier growth equity firms and actually met a lot of RJ people at them. Boston tech office places really well into growth equity from what I've seen
Thanks for the insight. Do you know if it's possible to go from RE to an industry other than RE later in your career?
RJ is solid. Great pay, major deal flow, and I’ve heard good things about culture. A lot of potential long term
Given Raymond James operates in the MM space, the most successful groups in terms of M&A tend to be tech, healthcare, and real estate (highly fragmented industries with lots of MM companies looking to consolidate). Obviously as a PWM firm first and foremost, the advantage the IB group possess is a large population of founder-CEOs that run MM business and are clients of a “Raymond James” advisor. This in turn leads to a plethora of leads and meetings at the IB level and drives a good portion of deal flow. The tech group, led by a few heavy hitting MDs, has a strong reputation in the space and probably relies less on the PWM aspect, the same could be probably said for real estate and health care. The more capital markets focused groups, such as biotech and energy, do well when their respective industries have spurts of cap markets activity. This is why the energy group performed well during the “shale boom” and has greatly struggled once the energy ECM spigot turned off post 2016; same theory applies to recent success of biotech.
Overall, it’s a solid MM shop with above street pay and solid exits from the strong deal flow groups listed above. If you’re ok with living in Atlanta, Boston or Florida you can reasonably expect a solid work life balance and place into a solid MMPE firm with a good bit of networking.
For what it's worth, Scott Green, one of their strongest MDs, just moved over to Guggenheim. With two of SunTrust's Tech MDs recently heading to Blair, we may see further consolidation within the MM Tech space, particularly in the South.
Tech MD recently jumped to Lincoln as well.
Pretty sure one of their top MDs in software went to RBC
Can others confirm? I’ve never heard of RJ playing above market.
Confirm what? Use LinkedIn.
Would you recommend RJ as a place for someone who wants to be in banking long term?
Tech is very strong, notably their Boston group from what I hear (in case you don't wanna be in FL).
Is it still strong given that multiple MDs have left?
Was unaware that they lost people in that office. If they were top performers, that def would hurt it a bit. To be fair, the person I know who works there has quite a bit of free time on their hands judging from their social media, so might actually be the case.
Any one have any info on the tech group out of Florida? Or is it mostly in Boston?
It seems like the tech group operates out of Boston, St. Petersburg, and Atlanta. The job posting location preferences only included those locations. But if you go on their website, the heads of Tech & services are mainly in Boston. I think one person is in HQ and nobody is in Atlanta. So it seems like Boston is the main location followed by HQ and Atlanta. Are you applying?
Impressed how much this thread knows as a tech banker at RJ. Tech group is still very strong with the departures. Crazy deal flow
How is comp at the associate and vp level?
What’s wlb like for associates and VPs?
How do you think RJ compares to Stephens?
I haven't heard much about them. Generally only pitch against Blair, Baird, Harris Williams etc.
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