Stifel or Solomon
Is Stifel or Solomon partners better for an investment banking junior internship? Which ones ranked higher/has better exits/comp?
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Ah, the age-old question of choosing the right firm for an investment banking junior internship. Let's dive into the jungle of investment banking to find some bananas of wisdom for you.
Based on the most helpful WSO content, when it comes to choosing between Stifel and Solomon Partners for an investment banking junior internship, there are a few key factors to consider: ranking, exit opportunities, and compensation.
Ranking: - In the realm of investment banking, both Stifel and Solomon Partners have their strengths. However, rankings can vary based on specific criteria such as deal flow, industry focus, and geographic presence. It's important to look at the most recent league tables and industry reports for the most accurate comparison.
Exit Opportunities: - Exit opportunities largely depend on the experience you gain and the network you build during your internship. Both firms can provide valuable experience, but Solomon Partners, being a boutique firm, might offer more hands-on experience and exposure to deals due to its size. This can be beneficial when looking for opportunities in private equity, hedge funds, or other areas within finance.
Compensation: - Compensation at the junior level can be competitive between firms, but it often aligns with the market standards for boutique and middle-market firms. While exact figures can vary, it's worth noting that compensation should not be the sole factor in your decision. The learning experience and the fit within the firm's culture are equally, if not more, important.
In conclusion, both Stifel and Solomon Partners offer unique opportunities for junior interns. Your decision should be based on your career goals, the type of experience you're looking to gain, and the firm culture you feel most aligned with. Remember, it's not just about the name on the door, but what you do inside that counts. Swing through those opportunities and grab the one that feels right for you!
Sources: What offers would you take over a BB S&T?, Best sophomore internship for junior year IB?, Looking for advice--second internship, Can't decide between soph internship offers (Equity Research at BB vs IB at a Boutique), CIBC/TD vs Solomon Partners
I am interning this summer at Stifel, it is a generalist program and I'm personally looking forward to it.
I do not know anything about Solomon so I can't provide an opinion.
LMM PE exits from what I have heard
Ranking wise seems like there is not much of a difference:
https://vault.com/best-companies-to-work-for/banking/most-prestigious-banking-companies#rankings-group-3
Factset Advisor Standings; Stifel is on the board but Solomon isn't:
https://go.factset.com/hubfs/mergerstat_em/quarterly/AdvisorQuarterly.pdf
The advisor rankings are quite interesting to me. Who knew Stifel averaged a higher $ per deal than Baird and Harris Williams
I see what you mean and I doubt that Stifel does deals with larger transaction values than Baird and HW. I always try to take these rankings with a grain of salt
the flaw in these rankings is that this is assumimg all deal values were disclosed, woudln't be surpised if HW and Baird had more undisclosed deals not added to there total
100%, agreed.
Another thing I have always wondered is the kind of deals that are being disclosed (M&A, follow ons, private placements etc)
Assuming generalist, Stifel has the better name overall.
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