Thoughts on Stifel as of 2023
How is it for MM IB? What are pay and hours like? What about exit opportunities?
Just wanted to see what the updated perception on it looks like
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Still not good.
Agreed, a bottom of the barrel bank you take when you don’t receive offer at BB, EB or good MM
They known to cut / push out underperforming analysts right before bonuses.
To folks with an offer I think it’s worth noting that the experience you’ll get is group dependent, probably more so than other MMs. The bank has a strategy of trying to get MDs from bigger platforms by offering better economics and letting them run practices that are kind of siloed from the core firm. So some of these regional offices produce and are lean. Some are pitching for deals that get passed to product groups and that’s pretty much it. At bigger banks group or geography may not matter as much bc there is more cross staffing. If you do have an offer you’re considering taking, just make sure to do due diligence on the groups you want to make any changes before starting full time. Also KBW, MB and Stifel run very different cultures and training programs. Id say KBW is more uniformly strong, Stifel excels in pockets like Baltimore and Boston and group to group in NY.
Any comments on Houston’s Energy group??
Don’t do energy IB
Dog water is an understatement. Forgot they even had an energy team. Think they came over from GMP mostly (not a typo)
probably at risk of shutting down. I’ve met a few of their senior guys - all weird as hell with weak backgrounds
I’ve heard bad things
Still a shit bank buddy
.
for the ny office which groups are decent?
Terrible. Horrible culture on top of the bad exits too. Take a minute reading literally anything on this forum about this and you'll get the picture
Lol Stifle folks here be disgruntled AF
People will tell you it's shit because they are prestige whores and the PE exits are not the best. Same goes with any other LMM or Japanese bank. But guess what, you're still making six figs out of college, can lateral to a better bank, and have shots at MM/LMM PE. There's a principal at KKR who started their career at Stifel IB. Anything is possible. And let's be honest, most analysts don't go into PE and instead go into dev or some other shit which you can do.
It's a great place to start a career and you'll be at a recognizable bank compared to others at boutiques. You're a step above anybody at F500, B4, etc which is what 90% of econ/finance majors go into. Careers are long and your first job out of college doesn't matter as much as people think it does. Also, people ignore the importance of group placement.
2022 League Tables from an earlier post, take with a grain of salt as it doesn't cover fees and only announced deals. I know the comments here are half-joking, but people just spew out random shit and don't provide any value to those actually looking for it.
Agree with this. To be honest ending up at any investment bank in your first role out of education means your doing better than essentially any other graduate.
Ofc compared to a BB or EB it doesn’t compare - but you are comparing it to the absolute elite-level positions.
It’s easy to get into the ‘prestige whore’ mindset of “oh but it’s not Goldman TMT” or “it’s not Centerview”, but anybody who’s got a gig in IB, even at a LMM or boutique should be proud of themselves.
Only on this forum, will you have people make you feel like your group or prospects aren't good enough. Ultimately it's up to your own efforts to find good exit opps, and plenty of people from all banks do.
If you are getting paid you are good.
Did my time at Stifel, got really good experience and was well prepared for off cycle PE processes and I got paid very well. Very happy with the MM firm where I'm at now. Stifel will always get shit on here for some reason, but my PE counterparts now are all from "good BB groups" and "target schools" so It's clearly not that bad lmao. At the end of the day its up to you to make your career.
What group / city were you in, if you don’t mind me asking? And what have you heard about their SF Tech group?
This restored a little bit of hope I have for Stifel. League tables for my coverage still suck, but we’ll figure it out.
I’m a 2024 SA and I also hope Stifel can continue to build some momentum when it comes to firm reputation and winning deals.
I know the summer analysts are generalist but do you have an idea of what the best group is in NYC?
Should they be avoided in London/EMEA?
How big are their offices there?
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