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Industrials and their offshoot group IPR (infra power renewables) is sweaty but nice people. Consumer has chill culture and does events together.

Don't know about healthcare or TMT culture. 

Overall office culture is pretty chill. WFH in the evenings and all day on Fridays for the most part, and nobody is in on Sat/Sun. $35 dinner stipend if staying past 8 and $70 for weekends (35/35 morning evening). No dinner stipend if WFH I think. Ubers after 9pm. Generally nice people. Very state-school heavy (UT, IU, UW, etc...). You can probably get away with a polo and khakis, but most people still wear a button down and slacks on weekdays. 

Think you get monitors for a home setup from the bank. 

I was just an intern, but I didn't really notice a distinction of culture with homegrown vs lateral MDs. Some homegrown were great and others sweaty. Same for the laterals in my experience, but I would defer to an FT analyst for better insight on that. 

 

For the most part yeah. They are a bit more flexible than some other banks in that you don’t *have* to come in every day Monday to Thursday, though you should most days. If you’re really not feeling it once or twice, it’s fine to just WFH. At least that’s the vibe I got. Generally not a whole lot of face time for FT. Many analysts would leave before 8 most days and WFH, but a lot also just chose to stay. 

 

Intern in IB - Cov

Industrials and their offshoot group IPR (infra power renewables) is sweaty but nice people. Consumer has chill culture and does events together, though one of the MDs is seen as a bit of a hard-ass among the juniors. 

Don't know about healthcare or TMT culture. 

Overall office culture is pretty chill. WFH in the evenings and all day on Fridays for the most part, and nobody is in on Sat/Sun. $35 dinner stipend if staying past 8 and $70 for weekends (35/35 morning evening). No dinner stipend if WFH I think. Ubers after 9pm. Generally nice people. Very state-school heavy (UT, IU, UW, etc...). You can probably get away with a polo and khakis, but most people still wear a button down and slacks on weekdays. 

Think you get monitors for a home setup from the bank. 

I was just an intern, but I didn't really notice a distinction of culture with homegrown vs lateral MDs. Some homegrown were great and others sweaty. Same for the laterals in my experience, but I would defer to an FT analyst for better insight on that. 

May I ask if you have any intel on their M&A group in NYC?

 
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Agree with everything above. To add on the NY Healthcare team doesn't have a group head in the states and closely works with their EU counterpart. A good amount of cross-border transactions get done this way. The MD's, VP's, and Associates are very nice and the team is growing. The whole team would usually be gone from the office around 8pm and continue to WFH. If you are interested in the industry and value having somewhat of a life this is a great place to be!

Restructuring is definitely the sweatiest group by far. I'm pretty sure everyone there including interns burned the midnight oil. Regardless the team has a decent culture. If you want to learn the most, I would definitely work in this group especially given the market environment we are in. It'll be very busy.

Ranking of the groups below (personal opinion based on deal flow, culture, exits):

  1. Restructuring / Debt Advisory, Industrials
  2. Consumers, Infrastructure Power & Renewables (IPR), M&A
  3. Healthcare, Media & Telecom (Technology Counterpart is in LA Office)
  4. Financials, Equity Advisory

I think that's all of them but I may be wrong. Discounting the IPR growth a little because its a new group and consistency in getting deals is unproven. However, some of the smartest and nicest people work there. They are also always incredibly busy and have great exits.

 

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