I'm currently at a BB, but I've had a headhunter reach out for an analyst position at Baird. They're making a big point about "the culture" and "all cash pay" - but I've heard that last year was rough, and I've also heard its the sweatiest shop in Chicago.
Any insights?
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lol
they have a gp solutions spot open in nyc just lateral into that one
Yes, you should.
Yes… everyone knows Baird is the Goldman of the Midwest…
If you lateral down to a smaller shop it should include a title promotion unless you’re feeling heat / on the chopping block
They are certainly not the sweatiest shop in Chicago, not even close.
Protected Saturdays typically enforced and the culture is strong.
Could be wrong but Im pretty sure Baird is employee owned, so at higher levels would expect some form of equity comp.
Last year was rough? Some of the Y2 Analysts got more in their bonsues than BB Associates, so that data point doesnt really stick.
None of your comments (nor the recruiters other than the culture) seem very accurate for Baird. You sure you arent confusing Baird with another MM shop?
what would you say is the sweatiest group in Chicago?
Very very group dependent. Industrials — one of the sweatiest groups on Wall St. Consumer — they complain if they have an 80 hour week (no joke).
Source: started my career at Baird
Which Baird groups do you think it would be worth lateraling to for FT if I am interning at a (Solomon, RJ, Cowen type)?
Definitely lateral. I think the comment below from an earlier thread said It all.
Baird has a "no asshole" policy that is STRICTLY enforced... I mean, nobody's an asshole if everyone's an asshole, right?
On a more serious note, it's very group dependent (as is everything else). Industrials team is very strong (and probably the sweatiest group at the firm - can a current employee still confirm this?), their healthcare team is no good, they've started a private capital advisory business that I think is doing well, but just very group dependent, and as you know, a lot depends on how active things are.
+1 for good advice but particularly the asshole comment. I've worked at 3 BBs now and have heard this repeated at each and every one - usually by the most toxic, horrible MD. This phrase is starting to send me running.
Wouldn't expect some massive improvement in culture here. I don't see much advantage in this lateral in general - analyst comp is all cash at every bank, and even associate comp is skewed heavily towards cash. Maybe at MD this makes a difference but I see little reason at analyst unless you're feeling close to a layoff at current shop
how are Baird’s consumer and tech teams?
Lifestyle. Weak deal flow
Consumer groups in most banks and boutiques seem to slackers. Just my experience from a few places.
They cannot shout at you but they can make your life miserable anyway
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