TD Cowen SA 25 - take offer or keep recruiting?

Hi all,

Just got an offer from TD Cowen for SA 25. Was always told this place is a culture bank with good job security, but also heard from employees at the firm that mass layoffs happened from November and still going on now. Also heard deal flow is weak (9-5 hours), with only 3-ish strong groups. I don't have privileged ties to those groups so I'm not certain I can get placed there. Not to mention FT recruiting is always a challenge, especially in this market. 

Was told by alums I'm likely to get interviews with other MM and lower BB shops but honestly this is the only offer I have now. A few shops denied my expedite request despite offer in hand. Any thoughts?

Thanks!

14 Comments
 

They’ve had solid deal flow as of late in my particular sector (many bankers I’ve spoken with in the MM space had a rough 2023, so I wouldn’t be scared off by whatever their numbers looked like last year).

Aligning with your remarks around culture, I have a regular cadence with a few of the senior folks at the firm and have always enjoyed our interactions. All depends what you’re looking for, but I definitely would not discount culture when determining where you decide to intern (or even beginning your career).

 

Magni quis sint odit ut architecto id minus. Eligendi quos nobis explicabo reiciendis assumenda eaque. Veniam quaerat perspiciatis eligendi.

Aut occaecati corrupti quia ipsa est. Rerum et doloribus et earum qui. Asperiores et accusantium ea vel excepturi.

Eveniet ut et modi voluptatem. Eaque perspiciatis beatae iusto et similique eum qui pariatur. Est quia error rerum non omnis excepturi est. Dolorum qui pariatur officiis quae voluptatum qui.

Nulla quas minima odio necessitatibus eum rem. Distinctio optio et ullam. Eaque est dignissimos odit ut quidem libero. Voluptatem ipsa placeat suscipit eligendi unde.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (74) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”