TD Cowen Tech vs. RBC Tech NYC
Looking for color on how these two groups compare in learning opportunities, growth, culture, comp, exits, etc.
Thanks
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take cowen
what? rbc is a no-brainer here lol
Agreed. RBC is way more established in the US. TD Cowen has a lot to do to catch up to RBC
thanks prospect — he's asking about tech in particular, which Cowen has a far better track record in.
Cannot recall the last time I have seen RBC tech as lead advisor on a sell-side
Caught between a rock and a hard place. Former is a racist shop while the latter is misogynist
Earlier? U mean former lmaoo??
RBC is a BB while TD Cowen is a regional boutique at best.
Congratulations on RBC
But how will the technology go to future
How to evtechnology bank 
Who will have technology 
I will not have it now but maybe later 
This technology there will be robot 
ASO1 at a top MM tech group. Take Cowen. They dominate in the space along w/ WB, RJ (mostly in security tech from what I've seen), and Jefferies.
RBC Tech is a bottom group at the firm and doesnt close deals; also pays less than Cowen I think.
This
Cowen has a VSDA team within Tech group that closes over 25 sell side a year. Ask how many RBC Tech as a fully established group have done.
This is completely false, the VSDA group do not close 25 a year or even come close to that. There are several tech teams at TD Cowen (TD Securities acquired Cowen in 2023 and had their own tech group) so maybe you're referring to the mandates of all tech groups combined?
I agree TD Cowen is definitely the best option and the VSDA group does great work but there are 3-4 tech subgroups at TD Cowen which you are probably including in that number. The groups do not collaborate on deals either so if you are working with the TMT group you will not be working alongside VSDA bankers. Each subgroup has its own deal flow.
Did you see TD’s earnings and outlook. Why do you want to end your career before it even takes off?
Agreed. Know several people there who are actively trying to leave, and this is only the people that I personally know. Turnover has been high recently.
Prospects really need to read the news instead of blindly relying on WSO threads with low accuracy.
laid off guy^ dont listen
yeah no this is completely false — morale within the different tech verticals are high
this guy seems to have been laid off from TD and has multiple accounts to reply to his own comments
What sub sectors of tech do you want to do?
I’d take cowen. Much stronger in FinTech IB which is a robust sector currently in Tech.
As someone within the TD Cowen tech team here in NYC, I would say your experience will vary depending on which sub-group you would be joining. I wouldn't switch to RBC myself though if I had the option
which sub group is best for deal flow and exits? have seen a ton of growth exits from tech enabled group.
Well I'm in the VSDA group so I don't have a ton of insight into the other sub-groups, but the deal flow within my team has been consistently strong, with 10-15 closed sellside deals this year
Would you agree on what I mentioned about your FinTech IB team? I met some of your team members at a conference in NYC this past year, they seemed sharp.
They are pretty sharp. Cant' say I've worked directly with them much though
how does cowen's tech group compare to their communications and media group? seems like the td tech team split off from CMT to go with the cowen tech team after the acquisition.
Very strong in fintech. Focus on POS companies, Payments, SaaS companies for Payments, VSaaS, Capital Markets Tech list goes on.
what about their comms and media group? is it as strong of dealflow as tech
Sums up TD Cowen's tech group(s). Doing fairness opinions and being non-sole advisors to "piece of shit" companies that could be objectively classified as LMM like the regional boutique TD is, while RBC Tech has been left lead on several $30bn+ deals in H1 alone.
TD tech split off from C&M to form with Cowen TMT, Fintech, and VSDA under one tech umbrella. All verticals stronger than RBC tech
Their C&M group has solid deal flow. Generates the most revenue at the bank
Yes, it subsidized all other coverage teams this past year
Including VSDA?
I can't believe people are actually recommending TD Cowen over RBC in NYC. Take RBC and don't look back. It will open many more doors for you compared to TD Cowen.
RBC is not opening "many more doors", let alone their tech group
both are good options, TD Cowen's tech group is better though and has a better reputation on the street for sure
Is the entire TD Cowen tech group here MSing? This is so funny and insecure.
I can confirm this is the entire TD Cowen team coming here to MS. The bank laid off so many juniors since the merger and got fcked by the money laundering fine. Also had to suspend earnings forecast yet the TD Cowen tech kids keep coming here to defend the firm. In a few months they’ll all be laid off and look like bunch of clowns.
If TD is so good then why my friends across different banks are seeing more resume drops from TD associates and analysts??
The title of the post is "TD Cowen Tech vs. RBC Tech NYC." All of the things you've listed have nothing to do with that comparison or provide any relevant information as to why RBC might be better. Yes, TD as a whole is experiencing issues. Yes, there are likely some bankers looking to jump ship before things get worse. That doesn't change the fact that the majority of people in this thread feel that TD Cowen's tech groups are stronger.
Congrats on RBC buddy.
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