Stifel reputation 2021
Can anyone provide insight on Stifel's current rep? I have heard comp has been bumped and that bonuses were good, how is the reputation/culture/hours in the New York office?
Don't work at Stifel, but a lot of my college friends went to Stifel (went to a Stifel target). From what I've heard, culture is pretty hit or miss across groups in the NY office. Stifel really aggressively grew through acquiring boutiques, and it really reflects in the culture and across the MDs from what I've heard. There really isn't a cohesive Stifel culture, and each group has their own culture, moreso than other banks. I've definitely heard some groups (Industrials) can get pretty sweaty, and for what it's worth all but one of my friends who worked at Stifel lateraled after their first year.
As for reputation, I'd put Stifel somewhere comparable to Cowen, as both of their bread and butter is from ECM. Cowen's HC is very good, but Stifel is much more well-rounded across Industries and has a stronger M&A practice. However, Stifel's exits are pretty mediocre, and lags behind other MMs like RJ, PJ Solomon, and HL CF.
Do you have any insight on their SF office by any chance?
Mostly a legacy TWP office - deal flow is heavily ECM, mostly follow-on offerings. The M&A practice at SF has been relatively weak compared to other groups historically, but Stifel has been building out its tech M&A practice with the acquisition of a MM boutique named Mooreland a couple of years ago I believe. Don't know much about culture, but considering the SF office is a split of ex-Mooreland and ex-TWP people I'd say the culture is likely relatively disjointed (which is usual when an office has been built out through acquisitions).
Don't work here but I've worked with Stifel a few times and I think its extremely underrated in my opinion. For a bank that's less talked about, they sure do generate quite a bit of revenue from investment banking. I did a quick Q3 2021 LTM revenue comps between the MM banks and it surprisingly has the highest besides Jefferies and has solid growth from FY2020 revenue. Looked at their deal flows on CapIQ as well and seems like their strongest practices are definitely FIG (through KBW), Tech, and Healthcare. Pretty well rounded between ECM/DCM and M&A as well.
My friend who works there said culture is pretty decent. Not too sweaty really and pretty okay on taking PTO and stuff. Comps are pretty street. Downside is the name reputation - probably because it's a shop that focuses on deal volume vs. deal quality. i.e., taking deals that's sub $100M in TEV etc.
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What does total comp look like for A1/A2?
As A1 my comp was 85k base 12.5k signing and 70k bonus
Base bumped to 100k, not sure how bonuses will look this year.
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