Stifel NY Reputation

Deal flow is decent compared to other MM firms. As a whole, deal flow tends to be more ECM heavy than M&A heavy, but it varies between groups. Industrials is pretty solid in the MM space. Tech is roughly 50-50 capital markets vs M&A. Healthcare is still heavily focused on ECM. Deal experience is heavily dependent on your staffings. One of my roommates spent his analyst years at Stifel and he had a great experience by getting on the good side of one of the baller MDs there and always getting staffed on the MD's deals (pitch win rate was good, wasn't just working on pitches that go to nowhere).

Culture is heavily group/MD dependent. Stifel really doesn't have a unified culture due to how aggressively they grew through acquiring boutiques. According to my friend, Some MDs are ass, some are great, but the culture is never consistent.

Exits and laterals are primarily to other banks. Stifel's PE placement is pretty weak. The handful of UMM exits are outliers and more due to candidate strength, and MM PE placement is probably in-line with or slightly worse than similar middle-of-the-road MM firms. 

Overall Stifel is a solid but unspectacular MM bank (definitely below HW/Blair/HL, perhaps in line with Cowen, RJ, etc). Their FIG arm is great though and definitely punches above their weight.