Wedbush NY IB

Probably in the realm of a b.riley (A tad smaller than), JMP (recently was acquired), or others. Its a hard comparison because some of our groups like HC/TMT do incredibly well, significantly better than most people would assume - while others are new and need to get more traction & deal flow. Just compare the deals they are working on and see their % vs say Jefferies or other larger banks, they are literally one team that pulls an insane amount. TMT and FIG have recently gotten on some deals that previously would have been 'punching above our weight' as well. The company has been looking to bring in a lot of new MD's, keep in mind our TMT / FIG Groups didn't even exist ~2 years ago. Their growth has been impressive, but they have plenty of areas to improve still.

For exists, we usually joke about it because the 3 most recent departures went to Black Stone (real estate, was a summer actually), UBS and HL. Some of the HC guys may go to a medical company, PE or stay in IB. We have headhunters that contact us (like everyone else with any job in the industry), but we don't have say 'Bob' from x that comes to recruit every year from our class. Its hard to gauge when / if that will happen as it really hasn't been that long since our group has started this level of growth. Most of the people that leave will go to a brand name place within IB, small pe, or do something more entrepreneurial. I haven't gone through the process so I can't comment on it as much. I will say I've seen some people leave and go to a 'comparable banks' that honestly work them harder and pay them less (Not top MM or BB, but within our competitive space). This never made much sense to me, unless you love the group you are moving to. If I wanted to lateral to a bigger bank right now I could fairly easily, but I have gotten far more exposure here than I thought I would.

Like I said before, if you don't care for brand name its a fairly good gig. The higher ups are trying to promote retention and have people stay, but time will tell how successful they are. If I were to leave today, I would either lateral to a larger firm with the idea of exiting, a small/ maybe mid pe firm, or something more entrepreneurial (Probably the latter). Its a hard choice because I find IB a tad bland, but I really like the team I'm working with. I can't give a hard answer on some parts but that is basically my thought process. I think if you were looking to stay in IB, the company would appeal to you. The hours are good and the comp is very eat what you kill. 

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