Anyone heard anything about Maxim Group IB?
So, I'm deciding between PWM at UBS or Merrill vs. IB at Maxim Group. I've been told PWM is usually bullshit - but I'm wondering whether the name will be more important than the "experience." I am a Sophomore, go to target school, decent GPA, etc... if anyone has heard of Maxim Group and can give me some advice on this, hit me up.
What is it Like Working at Maxim Group?
Maxim is a small middle market investment banking shop. They don’t pay as well as other firms, but it is an opportunity to get investment banking experience. WSO members shared their insight:
From Certified Corporate Development Professional – Manager @adapt or die"
- I would prob take the IB gig at Maxim rather than go PWM, it would probably help you land a IB MM/BB next summer
From Certified Investment Banking Professional – Vice President @Bullet-Tooth Tony"
- They are an average MM shop IMO
- Most of their deals are public offerings or placements, where they piggyback
- The lead arranger/underwriter transactions are very small, as are most of the M&A deals
- Still, seems like they have some deal flow
- Has lots of MDs/SVPs/C-Suite though, meaning less comp for the lower guys
From Certified Asset Management Professional – 1st Year Associate @Angelus99"
In some circumstances its actually a pure cold calling firm but they are involved in a lot of big deals that MSSB is involved in.
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Used to be a quality product, but now its mostly shitty. The women are still hot though. If you're interested in meeting hot women, and stand by for half-naked photo shoots definitely go for the Maxim offer. However, don't expect to do anything more than run errands and fetch coffee.
^^LOL,....... fucking hilarious
OP, I would prob take the IB gig at Maxim rather than go PWM, it would probably help you land a IB MM/BB next summer
..yeah it probably will help u land a spot a MM given that you network ur ass. but maxim for full time is shitty unless u want to spend ur time doing reg 144A transactions and bs ipos and get paid $10 an hour.
its the classic boutique vs brand name argument
If was picking kids for internship interviews, I would pick any IB over PWM (all else equal).
yea how are these guys? At one point I almost interviewed with them for PWM. Is that, their IBD, or S/T any good?
They are an average MM shop IMO. Most of their deals are public offerings or placements, where they piggyback. The lead arranger/underwriter transactions are very small, as are most of the M&A deals. Still, seems like they have some deal flow.
Another group that has lots of MDs/SVPs/C-Suite though. Meaning less comp for the lower guys.
Information on Maxim Group LLC Summer 2011 Investment Internship (Originally Posted: 04/26/2011)
Hello All,
I accepted a Summer 2011 Internship with Maxim Group LLC in NYC this summer. Besides their own personal website, press releases on them grading stocks, and a fraud scandal with one of their analysts a few years back there is little information on the firm as a whole (perhaps this is just because they are a private boutique investment bank?).
Does anyone have any personal experience or opinions on the firm (yes, I searched this site as well)? They seem like a solid company from my impressions so far, all the employees I've talked to are really awesome.
Also I have secured living in EHS 3rd Ave. Residence...any opinions on the living conditions there?
You're kiiiind of going about this the wrong way. People on this forum usually:
Ask a question / ask for advice
Read responses / comment / ask further questions
Make a decision
You're going 3, 1 and, presumably, 2. You already made your choices. Nothing we say will change them.
I see your point, I was in the running with other firms and eventually lost out to other candidates. Things turned into Maxim or summer classes. I'm not asking you to change my choices, just asking if anyone had any insight into the firm today and their internship program.
I'm pretty sure Barry Ritholtz used to work for them. If that's not a good sign, I don't know what is. Of course, the experience will be what you make of it.
I looked up some things about him and besides him being a macro guy, a market bear, and writing a book about the crash (this can't be all that bad though cause we all love Michael Lewis) there doesn't seem to be a lot wrong with the guy to reflect on a firm.
If it helps with the intake of info at all the firm said it will be paying for my Series 7 and 63 exams, so in theory I should return to college my senior with those licenses under my belt.
Ritholtz's blog is absolutely top-notch. I was just implying that a shop he used to work at is probably a decent place.
Oh ok sorry for some reason my mind read your previous post as sarcastic, sorry about that. Thanks for the info.
Ancient post, but thanks for the blog rec. It rocks.
(So hard to find good, well written, informative sources these days.)
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