TD (NY) or William Blair (CHI)

Deciding between the two for Summer Analyst 2027. Any insight on culture, comp, and exit opportunities would be much appreciated.

TD or WB

TD
55% (46 votes)
WB
45% (38 votes)
Total votes: 84
14 Comments
 

For TD I've had conversations with Tech and Industrials but would be open to other groups. WB would be HC.

 

Cowen Tech in NYC >>> WB HC. 

WB doesnt even touch Cowen in HC, not even a conversation especially in biotech

 

William Blair is much better overall in any sense, doesn't matter what group. William blair clears. People at TD want to lateral to WB.

 

tech (all verticals especially hardware / semicon, software is a toss up), biotech, HC, cmt, levfin + NYC >>>>> CHI

WB only makes sense if you love industrials and want to grind with IU weirdos

Not sure if I have heard anyone at any NYC MM wanting to lateral to WB Chicago, seems like a downgrade tbh lol

 
Most Helpful

Taking this from a previous WB HC thread:

Don’t do it. I have seen the rise and fall of it. People are miserable and sad in the HC group. A few people get all the best deals and others are not having fun. Most people get burnt out on really shit zombie deals that will never finish. If you are an analyst you work until 3, 4 am easy. There are so many bad deals it’s laughable.
 

Head of healthcare is a narcissist who doesn’t care about anyone but himself and the senior team is really toxic and there’s a turf war going daily underneath the surface, people fight for resources. No one is happy - these guys don’t have a lot of options as the senior guys are all partners. Just don’t do it, save yourself. 

Only word of warning for Chicago is make sure you find the right group within HC as not all are created equal. If you are doing HCIT or HC services you will likely be better off than other sub groups. In some groups you will be stuck doing followon equity deals or in other groups - terrible, terrible intro books for absolutely nothing. Again cannot comment on hours or culture simply commenting on deal flow and opportunities 

I'm assuming you have an offer for TD generalist so will bite - you have a chance of getting placed into two of TD's best groups which are tech and comms & media (digital infrastructure) team, both of which are much better culture and dealflow wise. TD closed around $50bn in transaction value in digital infrastructure while their tech team closed a significant amount of sponsors deals with the big tech sponsors (Francisco Partners, Thoma Bravo, TA Associates)

 

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