Comments (142)

Nov 17, 2007 - 5:24pm
mark klein MD, what's your opinion? Comment below:

dealflow: Very good. 2/3 of their pitches turn into deals, and as an analyst only like 15-20% of your time will be spent on pitching. Pretty impressive if you ask me.

reputation: Tops in the middle-market.

_______________________________________ http://www.drmarkklein.blogspot.com/
Nov 20, 2007 - 12:45pm
bigbadbanker1, what's your opinion? Comment below:

They are a very well-respected middle market bank. 2/3rd might be a little high but I heard it's above 50%...

Nov 22, 2007 - 1:00pm
waltersobchek, what's your opinion? Comment below:

I've heard you basically can get into any 800mm of less PE fund after your time there

Nov 26, 2007 - 11:51pm
CompBanker, what's your opinion? Comment below:

HW is an excellent choice if you want to work in the middle market. It won't get you into KKR, but as waltersobchek said, you have an open invite to most PE shops.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/

Jun 3, 2008 - 11:51pm
waltersobchek, what's your opinion? Comment below:

Base comp is around 55k-56k - not sure on bonus, but I know it is below street generally. Trade off is Richmond is pretty damn cheap, although I didn't really like the city all that much.

  • 1
Jun 4, 2008 - 12:48am
midbanker, what's your opinion? Comment below:

Any idea how far below street the bonus is?

Also, any additional comp for San Francisco over Richmond?

Jun 4, 2008 - 1:03am
numi, what's your opinion? Comment below:

like others have mentioned, they're very well-respected in the middle market. they run very good processes and they're able to get some pretty rich valuations on their deals as a result. i know PE firms (mine included) talk about how tough it is to win a HW deal simply because the multiples are too rich, but i guess from an analyst's perspective, this is the type of work you want to be doing if you're looking to get into the middle market.

​* http://www.linkedin.com/in/numicareerconsulting
  • 1
Jun 4, 2008 - 7:24am
waltersobchek, what's your opinion? Comment below:

something to keep in mind at the analyst level - it seems like they do primarily sellside M&A. while this is definitley helpful in the transition to PE, it doesn't sound like they do much or any buyside m&a at all. i'm still in school, but had offers from HW, and chose another bank primarily for this reason, as I felt that I could get more exposure to different products and whatnot.

Don't know much about the SF office, but the MDs/Directors in Richmond are actually really cool.

  • 1
Jul 24, 2008 - 8:32am
CompBanker, what's your opinion? Comment below:

ideating and Alphaholic ... Mark Klein's statement is actually pretty accurate. I know a lot of analysts at Harris Williams and they are almost never pitching.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/

Jul 24, 2008 - 9:16am
x35109, what's your opinion? Comment below:

I have a friend who went there this summer. Smart guy but he isn't all put together. He did aweful in BB interviews and I guess once all the competition was out of the market he got a job there. That's kind of how I see the place.

BB scraps

Jul 24, 2008 - 10:47pm
CompBanker, what's your opinion? Comment below:

Shocking

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/

Best Response
Jul 25, 2008 - 10:20am
Indeed, what's your opinion? Comment below:

I know a few current and former HW guys, both personally and professionally, and it's a very good shop. Most of the guys I know still there are Assoc / VP now (know one Director), and I can tell you that pitch stat is darn near accurate, at least in true bake-off scenarios--I was actually discussing that very topic with one of them at an industry event just a few months ago. All the former HW folks I know are now either in PE or bschool, and at some very good places, too. There was that faction that split off from Cobblestone to do their own thing, but that's a totally different ballgame. Oh, and I don't recall if the retention bonuses from PNC have all paid out--pretty sure they have--but I know the attrition hasn't been nearly as bad as it could've been. Firm didn't really flinch, and is still full steam ahead, from what I've seen and heard.

With respect to the hours, their Analysts generally don't have it much if any easier than the kids up on the Street, believe me. Associates, maybe a bit better, though it's still pretty intense. VPs travel a little more than I'd like to, at least in RIC, given that few clients are truly local (though there certainly have been some). And no, you won't spend as much time pitching as you would at a lot of other places, but that sure as hell doesn't mean you won't work as hard.

On the pay side, San Fran gets the biggest premium for cost of living, Boston I believe gets a small premium, and Richmond at bottom. Think their first years get $50 - 60k salary or so, bonuses about Streetish or more in some cases. Their more senior associates and VPs on up do very well.

Anyway, long story short, it's a good place, with very smart people (that comment about BB scraps is completely ridiculous), and you would do well to be an Analyst or Associate there. Exit opps are very good, and you'll certainly learn how to run a rigorous sell-side process. In fact, in line with what numi said, rigorous is an understatement--we joke that HW just flies over a city and drops books out the window. That carpet bombing approach generally leads to rich multiples, however.

And no people, I don't work there, just know a few of the current and former bankers, and have a healthy respect for the firm (they're technically a competitor of ours, in fact, but we don't bump up against them that often).

Hope that sheds a little light for you (HW people please speak up if I misrepresented anything). Remember, though, I'm just one data point. Do your own research and good luck!

And as for the whole is-doing-mostly-sell-side-work-a-bad-thing remark, that's a topic for another discussion, but I don't really think so. Very difficult not to get pigeonholed one way or another (either product or industry) in this business, especially from the get-go.

<><><><><><><><><><><><><><>Once more into the breach, dear friends.
  • 4
Jul 25, 2008 - 2:40am
Gorilla Whale, what's your opinion? Comment below:

good info, Indeed. do you know anything about which specific offices have the highest deal flow? I'm really interested in HW, and would like to know which office is their most active one.

Jul 25, 2008 - 8:04am
CompBanker, what's your opinion? Comment below:

Gorilla, if you take a look at their recent press releases, most of the deals are being led out of the Richmond office. Not too surprising given that is the headquarters. My buddies in their Boston office are kept busy though, so it may just be a size thing.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/

Jul 25, 2008 - 10:15am
Indeed, what's your opinion? Comment below:

Pretty sure all their offices are busy right now, but that's just a guess. The guys I know are all out of Richmond, and I know that office does well. Both the Boston and San Fran offices have been around a while--through ups and downs--so I feel like if they were incapable of generating adequate deal flow they wouldn't be around anymore.

And yeah, thus far the PNC relationship is arms length, from what I've seen and heard. I really don't know how much origination they've got out of it and vice versa. HW has their own HR, at least as far as their recruiting goes, so don't bother contacting PNC directly if you're looking for a job at HW.

<><><><><><><><><><><><><><>Once more into the breach, dear friends.
  • 2
Aug 31, 2008 - 9:12pm
mtones9, what's your opinion? Comment below:

Does anyone know what a post-mba associate pulls in at HW? I'm guessing its definitely below the street but how far and does it compare to DC MM firms like ACAS or Allied?

Dec 18, 2009 - 2:42am
porterp, what's your opinion? Comment below:

Deal flow is strong across all offices; however, I think the deal flow is strongest in Richmond given it has the most MDs. As far as compensation goes they pay equivalent or higher than the street. I think base 70k for analyst, bonuses very comp. / equivalent to BB.

I've heard nothing but good things about the company.

Dec 18, 2009 - 12:56pm
randomguy12345, what's your opinion? Comment below:

talked to a director at a networking thing couple weeks ago...he said they are all sell side and the only buy side they do is advising regular clients from time to time (or something like that, sorry not the most expert on the subject)

Dec 22, 2009 - 2:42pm
marketman, what's your opinion? Comment below:

Read this:

IDD Magazine

Harris Williams Has Aspirations in Europe

M&A boutique filling London office with European pros to establish a beachhead, serve the middle market and expand into new areas

By Ken Tarbous December 17, 2009

Middle-market investment banking boutique Harris Williams & Co. opened a London office as part of an effort to capture what it expects will be a pickup in European cross-border M&A activity.

The company joins other boutique firms like Moelis & Co. and Houlihan Lokey that have opened doors overseas to capture market share at the expense of large investment banks.

Thierry Monjauze, who was recently brought in from Deutsche Bank by Harris Williams, will spearhead the expansion. He is a managing director and head of the Richmond, Va., firm's European business.

The London office will focus on technology and new media M&A as well as other verticals, Monjauze says. Harris Williams has six professionals already working at the new location and it expects to grow that to a dozen by the end of next year. "As we build the office we will naturally think about the areas where we are strong in the U.S. We think most of the activity will be in Europe, and we hope that will be the perfect strategy," says Monjauze, a technology banker.

Supplemented by Harris Williams' 160 bankers in the U.S., the London office hopes to land more work in the areas of private placements, divestitures of businesses within public companies, as well as advisory assignments related to capital markets and IPOs.

It is common in Europe for independent firms to act by behalf of a company or its shareholders in helping select banks that are best positioned to help the company go public, says Monjauze.

London will be the seventh location for Harris Williams, a unit of PNC Financial Services Group of Pittsburgh that was started up 18 years ago.

In addition to Richmond, other offices are in Philadelphia, Minneapolis, Boston, Cleveland and San Francisco.

In its nearly two-decade history, the boutique has focused on the sell side and worked on a range of verticals, including industrials, building products, and transport and logistics. But the London effort looks to expand Harris Williams' reach both geographically and in its scope of business.

The boutique has closed deals in Europe since its inception in 1991 and has partnered with other firms when there was a local emphasis.

Monjauze, who has 14 years of investment banking experience, has worked in London since 2002, most recently as co-head of European technology investment banking at Deutsche Bank.

Born in France, he studied in the U.S. and received a master's at Stanford. Monjauze founded a software- and services-focused venture capital fund prior to joining Deutsche. He also oversaw the European software and Internet groups at Credit Suisse First Boston.

Monjauze says the boutique bank is recruiting and hiring only professionals who know the European landscape, rather than trying to transplant bankers from the U.S. to a new home.

"It takes a long time to get accustomed to the client base, the various cultures, the various regulatory cultures. Europe is many countries. I've seen people have trouble adjusting, and bankers go back to the U.S. If success is tied to knowing the private-equity groups and venture-capital groups, having worked in Europe makes a huge difference," Monjauze says.

The vast talent pool of professionals in Europe both displaced by the economic downturn and those looking to move out of larger investment banking firms has enabled the boutique to find bankers who fit well into its culture.

"We didn't believe that moving a bunch of Harris Williams people over there was the right move. We took people who are local and are seasoned and knew the market and it gives them the ability to grow something," says Harris Williams' co-founder Hiter Harris 3rd.

Other investment banking boutiques have sprung up in London and elsewhere in Europe as well as Asia in recent years, but the firm's founder is nonplussed by the competition.

"We probably couldn't have done this a few years ago when the market was hot. We would have found difficulty finding talent. With the market hitting the bottom, the talent available in the marketplace is unbelievable. We never could have attracted these talented people in a past market," Harris says.

Long-time Harris Williams client, private-equity firm The Riverside Company, has engaged the boutique on a number of deals in the U.S. and in Europe.

Bela Szigethy, Riverside co-CEO, says the move has been a long time coming for Harris Williams, but it will take some work to make the effort succeed.

"They're clearly one of the best middle-market buyout firms in North America. The one time they worked on an exit with us in Europe, on their own out of North America, they did an outstanding job," Szigethy says. "It'll be a challenge. There's a lot of tough competition in Europe. Starting from scratch is never easy. It will take a while for them to compete with firms who have been there for a while, including the local firms."

A major reason behind the new office is Harris Williams' expectation that the European cross-border M&A market is primed for more activity in the coming year. The firm's professionals see a lot of pent-up demand; capital on the sidelines needs to be put to work and business owners who held back from selling amid the height of the credit storm are ready to bring their companies to market.

"We really do see things improving both here and in the European market. We've been around long enough that we've seen four or five of these cycles in the M&A world," Harris says.

"Everything is getting more global, and the trend is growing for the middle market, where truly any company in the world can do a deal with any other company in the world. We think the London office is very material for us - we've always had great global reach, but having our own people in London really gives us a launching pad for the rest of the world."

When it comes to advisory work in the U.S., Harris Williams appears to have been busy in the final three months of this year. So far this quarter Harris Williams has advised Barker Co. on its sale to Hill Phoenix Inc., a subsidiary of Dover Corp., and it also advised Sunoco Inc. on the sale of its retail heating oil and propane distribution business to Superior Plus Corp. Another mandate involved advising Yuba Heat Transfer on its pending sale to SPX subsidiary SPX Heat Transfer Inc.

Meanwhile, many market participants say they are not surprised that banking boutiques have made inroads or are looking to build a business overseas.

"We're seeing a trend. The bulge-bracket firms became global many years ago," says Stewart Kohl, co-CEO of Riverside.

With London as its beachhead in Europe, the firm has an eye to Asia and other markets.

"We're going to consider expansion past London, for sure, but we're focused on getting the office to a critical mass, a size that we want," Harris says. "I'm sure after that we'll consider offices in other geographic localities."

Find out more information about people mentioned in this article from our People Database:

H. Hiter Harris III Bela Szigethy Stewart Kohl

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  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
Dec 22, 2009 - 2:44pm
Anonymous Monkey, what's your opinion? Comment below:

I feel that it is Tier I middle market, along with the likes of Stifel and uh...Raymond James, Piper, Wachovia. Definitely a good career choice if you're more interested in the middle market. I spoke with some of their people in Richmond during my summer interview process back in the day (along with a handful of other regional banks) - really nice guys and much more laid back work environment than NYC.

Dec 22, 2009 - 2:45pm
inhd, what's your opinion? Comment below:

Middle market banks often provide you with a complete overview of M&A that you wouldn't find elsewhere. In terms of the middle market, Harris Williams is one of the best and viewed positively by PE firms.

  • 1
Dec 22, 2009 - 2:46pm
RogueBanker, what's your opinion? Comment below:

Hey, Stifel Nicolaus recruits at my school, what does everyone think about them? How about A.G. Edwards? Are the hours lower at a MM/Boutique investment bank?

Dec 22, 2009 - 2:47pm
HokieAnalyst, what's your opinion? Comment below:

Any thoughts on Robert W. Baird & Co.'s IB dept? It's a middle market firm that I interned for this past summer and will be working for after graduation. The hours might be a little lighter than BB IB operations but its still investment banking so...ur probably at and going to and from the office more than ur at home. I really liked the atmosphere of the MM firm. But that's just one guy's opinion.

Dec 22, 2009 - 2:48pm
longshot, what's your opinion? Comment below:

Info on regional Harris Williams offices (Originally Posted: 10/14/2009)

Does anyone have any insight into the Harris Williams regional offices? I'm thinking outside of their Richmond/Boston/SF offices and more like Cleveland/Minneapolis/Philly. Does anyone know what comp, deal flow, and exit ops are like for these offices? Any insight into the interview process? Thanks!

Dec 22, 2009 - 2:49pm
monkeyinasuit, what's your opinion? Comment below:

Interview Process: Standard Fit/Technical

Definitely be very enthusiastic about Harris Williams, they do not like people who are just interviewing with any ibank. Definitely have your story down on why HW vs. other firms. Talk to the people at the offices, cold call, show enormous interest and reflect that in your interview.

Dec 22, 2009 - 2:50pm
CompBanker, what's your opinion? Comment below:

Dealflow is best at the Richmond office. There is a bit of a drop off, then comes Boston. San Francisco / Minneapolis still have decent dealflow, just not the mountain of deals that the Richmond and Boston offices process. The Cleveland and Philly offices are Cobblestone|HarrisWilliams, so they are working on generally smaller deals and the deal flow is not as strong.

Exit ops are generally the same universally. Harris Williams places amazingly well into MM PE.

~~~~~~~~~~~ CompBanker

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/

  • 1
Dec 22, 2009 - 2:52pm
CompBanker, what's your opinion? Comment below:

Compensation is street level or above street level. This applies to all locations, including those not in major cities.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/

Dec 22, 2009 - 2:55pm
jimbrowngoU, what's your opinion? Comment below:

Give it more than 18 minutes before bumping.

HW has a good rep on these forums. Strong dealflow (little pitching from what I've heard), hours are about the same as a bulge bracket, solid culture at the junior levels, pay is at or above Street, and as it has been quoted around here, when analysts look to go to the buyside, senior guys will "go to bat" and help them exit. They do a good job of placing analysts into top MM PE firms.

  • 1
Dec 22, 2009 - 3:00pm
Blank999, what's your opinion? Comment below:

Only HW "goes to bat" for their analyst.

Dec 22, 2009 - 3:11pm
Modern Day Yuppie, what's your opinion? Comment below:
Seuthes:
How does it compare to places like Stephens/Edgeview Partners/Lincoln/Sagent?

Harris Williams will compete with Edgeview, Lincoln, Sagent, and McColl. Edgeview, Sagent, and McColl are more focused on the southeast, whereas HW is nationwide and Lincoln is worldwide. Stephens is much larger ("full service") and I would hardly consider it a boutique.

Dec 22, 2009 - 3:07pm
Blank999, what's your opinion? Comment below:

They don't go to bat for their analysts.

Dec 22, 2009 - 3:17pm
Ricqles, what's your opinion? Comment below:

Yeah I agree with you on the opening offices and maybe the Charlotte office doing better per banker basis because it closed a huge deal on Stanley.

Doesn't mean it's more focused there though lol I would say it's still more NYC focused and each office runs its own operation from what I have seen.

  • 1
Dec 22, 2009 - 3:18pm
boutiquebank4life, what's your opinion? Comment below:

Harris Williams is definitely the only bank that goes to bat for their analysts. they are spending about $5 million on a new baseball park with automatic pitching machines just so their MD's can practice batting prior to going to bat for the analysts.

this gives them a huge competitive edge and monopoly in going to bat for their analysts. if u want bankers to go to bat for you, u'd be a fool not to consider Harris Williams, the home of those that go to bat for analysts.

Dec 22, 2009 - 3:19pm
bostonbanker11, what's your opinion? Comment below:

ive heard that HW MD's have been accused of used PEDs while going to bat for their analysts in the early 2000s...they have since struggled with their average and thus their analysts no longer have great placement into the mega funds

Dec 22, 2009 - 3:20pm
boutiquebank4life, what's your opinion? Comment below:

they never placed into megafunds except as support roles like janitor and data entry clerk.

However this doesn't stop them from going to bat for their analysts. I heard one year an analyst didn't want to go to PE and told the managers there. He was swiftly assassinated and his body dumped into one of the many ghettos of Richmond, VA. You better not disrespect them since they are going to bat for you.

Dec 22, 2009 - 3:22pm
jimbrowngoU, what's your opinion? Comment below:

You guys are really struggling. These last few posts have really sucked... I think it's time to give it up.

Dec 22, 2009 - 3:26pm
yankeefan, what's your opinion? Comment below:

I've heard them referred to as the Joe DiMaggio of the middle market.

Dec 22, 2009 - 3:27pm
wolfy, what's your opinion? Comment below:

Going to Bat like Harris Williams (Originally Posted: 09/14/2010)

Last year I met a director for Harris Williams named Greg at Boston College. I didn't go to BC; sent him a thoughtful email, and he introduced me to a director at RBCCM, who interviewed me.

That gesture during the downturn inspired me to write the 20 email introductions now for my mentees for OCR this year.

They go to bat for anyone. Just saying.

Any other "Harris Williams" stories that helped you land a IB job?

  • 3
Dec 22, 2009 - 3:28pm
Stringer Bell, what's your opinion? Comment below:

I've also had really good experiences with them as well. Didn't work out, but easily the nicest guys on the street. Sounds about right.

Ace all your PE interview questions with the WSO Private Equity Prep Pack: http://www.wallstreetoasis.com/guide/private-equity-interview-prep-questions
Dec 22, 2009 - 3:29pm
pedigreed monkey, what's your opinion? Comment below:

Harris Williams cleveland (Originally Posted: 11/02/2010)

anyone know anything about this office? not the Cobblestone division, but the "New Business Development Team"

Dec 22, 2009 - 3:30pm
CaptK, what's your opinion? Comment below:

No direct experience with that role myself (it didn't exist as a separate group at my bank), but whenever we had to help out with marketing presentations when I was in banking, it was basically putting together pitch decks with a general overview of our firm and market activity in general. It involved pulling a lot industry and deal data and making newsletters / presentations. My guess is you won't be working on any live deals, but developing HW's relationships with potential clients.

Not sure what the exit opportunities are for this type of role, I'll leave that to somebody that worked at HW to respond...

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
  • 1
Dec 22, 2009 - 3:35pm
happypantsmcgee, what's your opinion? Comment below:

I know a few people who work/worked there. Great place and you're dead on with saying they're nice people. Always willing to help as well.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
Dec 22, 2009 - 3:36pm
FormerHornetDriver, what's your opinion? Comment below:

I have an aquaintence who interned at GS over the summer between his first and second year of business school and turned down a FT offer from them in favor of working at Harris Williams. He mentioned a lot of things that I think you are witnessing.

While I did not interview at HW, I saw a lot of the same type of environment at William Blair as well. In fact, if WB had given me an offer I would have taken it above the 4 BB IBD offers that I recieved. WB also had a much more diverse group of people, at least in terms of their background. Many of the BB IBD folks came from the traditional banking career path (i.e. 2+2, B School, Associate, VP, etc) while the WB people came from all walks of life prior to arriving in banking.

One thing to note about HW.... Make sure you are comfortable with living in Richmond as that is where they are based. They also have a significantly sized office in Cleveland as well. While those places have some good things going for them, they are not banking/finance hubs.

Dec 22, 2009 - 3:50pm
melvvvar, what's your opinion? Comment below:
FormerHornetDriver:
I have an aquaintence who interned at GS over the summer between his first and second year of business school and turned down a FT offer from them in favor of working at Harris Williams. He mentioned a lot of things that I think you are witnessing.

While I did not interview at HW, I saw a lot of the same type of environment at William Blair as well. In fact, if WB had given me an offer I would have taken it above the 4 BB IBD offers that I recieved. WB also had a much more diverse group of people, at least in terms of their background. Many of the BB IBD folks came from the traditional banking career path (i.e. 2+2, B School, Associate, VP, etc) while the WB people came from all walks of life prior to arriving in banking.

One thing to note about HW.... Make sure you are comfortable with living in Richmond as that is where they are based. They also have a significantly sized office in Cleveland as well. While those places have some good things going for them, they are not banking/finance hubs.

+1

succeeding at MM >> flaming out at BB

Dec 22, 2009 - 3:38pm
StyleT, what's your opinion? Comment below:

You can get houses (5 - 6 bedrooms) in Chesterfield County for about 400K +. You could also live in the west end by Short Pump, where all the development is happening also...

Dec 22, 2009 - 3:39pm
happypantsmcgee, what's your opinion? Comment below:
StyleT:
You can get houses (5 - 6 bedrooms) in Chesterfield County for about 400K +. You could also live in the west end by Short Pump, where all the development is happening also...
Who would want to drive to and from bars? Live downtown. Also 400k in Chesterfield is like 1.5X what you actually need for a nice house there. None of the analysts I knew in Richmond ever, ever lived in short pump for more than a month before hugely regretting it.
If I had asked people what they wanted, they would have said faster horses - Henry Ford
  • 1
Dec 22, 2009 - 3:41pm
happypantsmcgee, what's your opinion? Comment below:
Vontropnats:
It's all about "the Fan" in Richmond, yo.
If you wear skinny jeans or are still in college. Live in the bottom if you have the cash.
If I had asked people what they wanted, they would have said faster horses - Henry Ford
Dec 22, 2009 - 3:44pm
cphbravo96, what's your opinion? Comment below:

I've heard good things about them and have spoken with the guys in the Minneapolis office. All of them were super nice, even the MDs. If I go back to b-school next year and have to pursue the IB route due to lack of PE opportunities, I would say that HW is one of my top choices. The draw back in my mind is Richmond, as it's far from the places where I know people and it isn't a big city...maybe more of a big town from what I hear...and I think you have to be ready to live that lifestyle otherwise you might be miserable.

Realistically, I wouldn't stay there too long (assuming I could jump back to the buyside eventually) unless I met the person I wanted to marry, then it wouldn't matter where I lived. And don't get me wrong, Richmond isn't a bad place to live from what I hear, I just don't know how excited I would be to go there over a decent boutique offer in Charlotte or Atlanta...just because I'm from the south, the pay wouldn't be much different, the cost of living would be comparable and it seems there would be more to do in Atlanta or Charlotte.

Ultimately, I think you have to do what makes you more happy. If that means living in NYC, then you could pick the "lesser" offer, if working at the "better" firm meant more, then you could pick HW and learn to like Richmond. You just have to be realistic about what you can handle. Most places offer a decent amount of things to do, especially if you have money, but you have to realize that those things won't be the same in every city, so in some places it might be attending professional sporting events or world renown art museums, in others it might be great outdoor activities or great access to historic sites/venues.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
  • 4
Dec 22, 2009 - 3:45pm
FratStreetVA, what's your opinion? Comment below:

How many kids who are clearly UR/UVA/W&L kids from Richmond can post here....come on guys

Clearly we all know River Road is the place to be...500k and you have a palace in VA.

As an analyst, live in the fan and then move to the west end when you are married.

That is all

Flying Higher and Higher
Dec 22, 2009 - 3:46pm
FratStreetVA, what's your opinion? Comment below:

How many kids who are clearly UR/UVA/W&L kids from Richmond can post here....come on guys

Clearly we all know River Road is the place to be...500k and you have a palace in VA.

As an analyst, live in the fan and then move to the west end when you are married.

That is all

Flying Higher and Higher
Dec 22, 2009 - 3:56pm
happypantsmcgee, what's your opinion? Comment below:
FratStreetVA:
How many kids who are clearly UR/UVA/W&L kids from Richmond can post here....come on guys

Clearly we all know River Road is the place to be...500k and you have a palace in VA.

As an analyst, live in the fan and then move to the west end when you are married.

That is all

500k is a joke on River but it doesn't matter. Middle Management lives in the West End, Monument is where its at.
If I had asked people what they wanted, they would have said faster horses - Henry Ford
  • 1
Dec 22, 2009 - 3:47pm
BanditPandit, what's your opinion? Comment below:

Now every kid that reads this is gonna call them up since they're so nice and go batting, forcing the bankers to improve their doucheness to ward them off.

Good going

Dec 22, 2009 - 3:48pm
FratStreetVA, what's your opinion? Comment below:

oh and they go to bat for you

Flying Higher and Higher
Dec 22, 2009 - 3:53pm
FratStreetVA, what's your opinion? Comment below:

For what it is worth, you will 100% get a legit MM PE job out of here if you want it

Flying Higher and Higher
Dec 22, 2009 - 3:54pm
mokey1234, what's your opinion? Comment below:

I got rejected from their two week training things for SAs...they picked douchy vandy guys instead. Just my luck. They seemed pretty nice though and from what I've heard they get to participate in all parts of the deal.

Great placement into PE. and I mean really great. BUT they were a wee bit boring.

Dec 22, 2009 - 4:08pm
ginNtonic, what's your opinion? Comment below:
mokey1234:
I got rejected from their two week training things for SAs...they picked douchy vandy guys instead. Just my luck. They seemed pretty nice though and from what I've heard they get to participate in all parts of the deal.

Great placement into PE. and I mean really great. BUT they were a wee bit boring.

-1

Vandy d bag here

Dec 22, 2009 - 3:55pm
Neighbor, what's your opinion? Comment below:

they go to bat for you

I didn't say it was your fault, I said I was blaming you.
Dec 22, 2009 - 3:58pm
SlikRick, what's your opinion? Comment below:

I have a friend who went to a superday at Harris Williams Boston. He didn't score the position. After the interview, he gave his MD contact a call and asked for feedback. The MD took 10 minutes to describe tips and tactics to better prepare for the interviews. He also mentioned that the other candidates simply had more prior IB experience, and offered my friend an invitation to next years SA Superday. Talk about supporting analysts, IB hopefuls, and leaving a great reputation for your firm.

Dec 22, 2009 - 3:59pm
Ricqles, what's your opinion? Comment below:

know a couple people working there and here's what i got..

  1. you can get into a MM PE fund, but pretty hard to get into a top MM fund like new mountain/advent etc.
  2. people are friendly, they actually treat you like humans (or well, sometimes they do)

Not a bad place to start your career if you aren't the ones that focus on the whole prestige thing. But it looks like if you want to stay in banking, you might like this better than bigger banks due to its people.

  • 1
Dec 22, 2009 - 4:00pm
Hooked on LEAPS, what's your opinion? Comment below:

Wtf, how can every single person at the firm be a really nice guy? Something smells fishy here.

Competition is a sin. -John D. Rockefeller
Dec 22, 2009 - 4:01pm
PEinAsia, what's your opinion? Comment below:

I did some interviews with them during my senior year, but dropped out of the process because i got a full time offer in Asia (where i want to be). I remember thinking during the interviews that Harris Williams looked pretty good though. Friendly, personal, and I like the mid market space because the people you are dealing with are more often the founders/entrepreneurs as compared to large corporates and state owned enterprises.

Go East, Young Man
  • 1
Dec 22, 2009 - 4:02pm
labanker, what's your opinion? Comment below:

I've worked with the Harris Williams folks quite a bit from the buyside - we've used them to sell a few portfolio companies and, like virtually every other MM PE firm, we have participated in a number of HW auctions. A few observations:

  • As others have mentioned here, they are a very friendly, collegial bunch. Getting on the phone or meeting with the HW guys is always a pleasant experience. And they all have slight southern accents, so that makes them seem friendlier.

  • They do top notch work. The difference between HW selling your company and Houlihan or some random boutique selling your company is night and day. From putting together the CIM through deal close they are on it and very client focused. They are also known for consistently getting great outcomes.

  • As you may have guessed from the previous two points, their bread and butter is middle market, sellside M&A. If you work there, that is all you will be doing. CIMs, buyer lists, summaries of indications / LOIs, and sellside pitchbooks. If this is what you want to do, great. If not, look elsewhere.

  • As far as exit opps, when I was coming out PE shops didn't get too excited about sellside experience at a MM shop because sellside M&A doesn't involve a lot of modeling from a buyside perspective (i.e merger consequences or lbo models). It's a lot more comps, DCFs, and buyer logos in powerpoint. But that was a few years ago. I know recruiting is a lot more wide open now, and the BB experience isn't quite the same as it used to be. I can't say you will come out a PE magnet as others in this thread have indicated, but you will get some deal flow there and that should count for something.

  • 2
Dec 22, 2009 - 4:03pm
prospie, what's your opinion? Comment below:

Glad to see that batting has been mentioned six times so far, because it's a crucial part of the analyst/exit opp experience at HW. First thing I did when I saw this thread was open it up, ctrl+F, and typed in "bat."

Dec 22, 2009 - 4:07pm
FratStreetVA, what's your opinion? Comment below:

@AstonMartin:

0.00% chance. You will live like a rich kid in Richmond for 2 years making street comp at half the taxes/cost of living then have easy access to MM PE anywhere (although mostly NYC) but by then you'll have 100k in the bank....

Flying Higher and Higher
Dec 22, 2009 - 4:11pm
anonymous1234, what's your opinion? Comment below:

Harris Williams Goes to Bat...Literally (Originally Posted: 08/02/2012)

Heard from a former classmate who is now a first year analyst at Harris Williams that the firm gave its second year analysts (who are leaving the firm for private equity) engraved wooden baseball bats. So they literally go to bat for you. Apparently they also gave them Ray Bans and paid above street bonuses. Thought you guys would get a kick out of the bat thing.

Dec 22, 2009 - 4:13pm
FeelingMean, what's your opinion? Comment below:

Send em out with bats, Ray Bans, and a chunk of change-- ready for business. Awesome lol

"Harris Williams has seen a record number of applications this year...."

"That dude is so haole, he don't even have any breath left."
Dec 22, 2009 - 4:15pm
FormerHornetDriver, what's your opinion? Comment below:

I have mentioned this before on a different thread, but I have an friend-of-a-friend who went to the same B-school as I did who works there. He interned at GS over the summer in NYC, received a FT offer, and turned it down for HW.

He loves it, regrets nothing, and has not looked back. Sounds like a great place to work, IMHO.

Dec 22, 2009 - 4:16pm
ChrisHansen, what's your opinion? Comment below:

Also have heard great things about HW, one being that their deal flow has been relatively consistent over the past few years and that they have had nowhere near the amount of layoffs or pay cuts the BBs have had (this seems to be a consistent theme across all top tier MMs). And since so many analysts at BBs are getting axed right now, and since HW and other MMs pay just as well if not better, it's seeming like a better and better deal to go MM.

And don't bitch about exit ops to PE, I'd rather make 350k in Charlotte than 500k in NYC any day of the week.

Dec 22, 2009 - 4:23pm
FormerHornetDriver, what's your opinion? Comment below:

And don't bitch about exit ops to PE, I'd rather make 350k in Charlotte than 500k in NYC any day of the week.[/quote]

$350 in Charlotte and you live like a king. Half a mil in NYC and you're still taking the subway. Hell, after taxes the take home pay amounts might be pretty similar....

Dec 22, 2009 - 4:17pm
FratStreetVA, what's your opinion? Comment below:

Here we go again with happypantsmcgee

All the Virginian's start chirping

-long time batting analyst

Flying Higher and Higher
Dec 22, 2009 - 4:18pm
RichardPennybags, what's your opinion? Comment below:

Wrong sport. It's all about golfing.

"Every man should lose a battle in his youth, so he does not lose a war when he is old"
Dec 22, 2009 - 4:20pm
FratStreetVA, what's your opinion? Comment below:

Front page. Well done

Flying Higher and Higher
Dec 22, 2009 - 4:21pm
WWHD, what's your opinion? Comment below:

I'm a sucker for perks...

When I get sad, I stop being sad and be awesome instead.
Dec 22, 2009 - 4:26pm
Cruncharoo, what's your opinion? Comment below:

Yes there are quite a few.

This to all my hatin' folks seeing me getting guac right now..
Dec 22, 2009 - 4:27pm
That_Aston, what's your opinion? Comment below:

Optio dignissimos qui vel dicta eum aut eligendi mollitia. Placeat ad voluptatem quia et. Mollitia atque aut illum fugit aut. Vero dignissimos aliquid velit quae. Ea ea beatae et eligendi dignissimos quibusdam et nisi. Quis et eos voluptatem assumenda tempora qui qui.

Here to learn and hopefully pass on some knowledge as well. SB if I helped.
Dec 22, 2009 - 4:28pm
Blank999, what's your opinion? Comment below:

Fugit eos omnis necessitatibus non voluptatum perferendis est saepe. Tempora sequi commodi labore et.

Facere aut ipsa eos et. Consectetur tenetur libero maxime nisi et eum dolores. Qui sed maiores laborum quasi. Modi facere totam rerum magni minima nihil aliquam.

Dec 22, 2009 - 4:29pm
Bowser, what's your opinion? Comment below:

Ullam amet perspiciatis voluptatibus consequatur cupiditate. Alias occaecati maiores sint sint est aut incidunt perspiciatis. Et doloremque at et et voluptas in nulla. Facilis eveniet error dignissimos alias culpa. Ut officiis qui pariatur aut sit odit tempore.

Nulla quia consequatur delectus. Porro commodi pariatur asperiores nobis. Consequatur et ea qui deserunt quasi. Dolorem et reprehenderit consequuntur et sed ea quaerat. Perferendis id labore quibusdam consequatur rerum quia.

Dec 22, 2009 - 4:30pm
Dunkin Donuts Banker, what's your opinion? Comment below:

Est unde provident incidunt ratione. Quidem magnam qui blanditiis voluptates voluptatem. Vel ducimus voluptates ut illo adipisci labore. Fuga rem consequatur enim omnis.

Esse sed consequatur quo repellat voluptatem aliquid perspiciatis ab. Magni omnis occaecati sit et similique dolorem unde debitis.

Distinctio atque hic sed nobis voluptas tempore et aut. Labore delectus impedit et quis aut. Ut dignissimos omnis sint.

Dec 22, 2009 - 4:32pm
to_IBornot_toB, what's your opinion? Comment below:

Odio aspernatur dolores eligendi ullam. Consectetur aut animi optio cum necessitatibus occaecati in natus. Impedit nam ut officia quam dolorum debitis in. Impedit dolore id harum in velit rerum. Ratione consequatur est ut similique est tenetur sed.

Beatae et hic laudantium non. Facilis et aperiam dicta sed aut fugiat. Doloribus rerum iure ut et rerum pariatur. Odio ullam totam dolorem reiciendis qui id nesciunt. Voluptas tempore occaecati et ut architecto molestias.

Perferendis id nemo a dignissimos. Quia qui voluptatem nemo aut ut saepe. Sint delectus tempore et est assumenda. Sunt id omnis aut rerum.

Odit qui minima et a autem. Earum sed sint voluptatem ullam quia veritatis. Quia doloremque exercitationem libero eligendi eaque.

Dec 22, 2009 - 4:33pm
Dunkin Donuts Banker, what's your opinion? Comment below:

Nobis ipsam quia quod. Laboriosam ut est consequatur harum. Adipisci quam et nesciunt blanditiis corrupti.

Est et iure nisi et ipsum. Atque excepturi sit minima quia sit earum facilis ut. Maxime non facere facere dolorem dicta eum et.

Ut odit voluptas magni temporibus quos illum. Magni tempora dicta illum culpa numquam quam.

Non labore cupiditate occaecati qui et libero facilis. Distinctio velit voluptas saepe optio eveniet neque aut. Distinctio reprehenderit ea assumenda quaerat alias odit blanditiis. Et delectus quam veritatis cupiditate molestiae rerum eos. Esse et dolore a sunt nam. Voluptatum similique repudiandae qui ea consequatur eos eos.

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