Any insight into Baird's Chicago office? Heard it's a great experience but the Industrials group can get a little sweaty but haven't confirmed that. Curious what other info is out there in terms of lifestyle/comp/culture/etc.
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Anybody?
Cannot comment on lifestyle; however, compensation is $175,000 base at the associate level, and many individuals focus on mentorship and their families.
As of 2019, AA1 starts at 175k. Can also confirm industrials group is lean and sweaty at times, but deal flow is superb.
Thanks for insight guys! I heard the analyst class has been especially hard hit. Glad to hear no layoffs since the economy is in a precarious position right now. That pay is out of this world for Associate... guessing bonus is close to 75%-100%+?
Pay is actually above, I've heard 175k, some say 180k. They're also very proud about cash bonuses, which is huge because of no vesting
Confirming all cash bonuses, and you have the opportunity to purchase stock after three years with the firm (private company).
Does anyone have insights regarding either...
Thanks
Everyone I know there is really happy. Exit opps are very good (lots of people go to MM PE). Employee ownership gives them a long term focus - they have no history of layoffs. And because its employee owned, although base pay is street (~175k for associates), all in pay is well above street when including profit sharing.
Plus the culture is supposed to be great. Hours can be long, but it seems like they do a good job of recruiting for a "no asshole" policy.
Thanks for insight. I feel like you're a Baird spokesperson (joking) because you were in last thread saying great things as well haha. When the economy inevitably takes a shit do bonuses just get hammered down to like 50% tops or do they maintain comp? Never been through an economic downturn so curious as to your experiences.
I would bet on this forum maybe 5 people were working in 2008.
Confirming this.
Long-term career prospects are very good as long as you maintain a positive attitude, want to learn, are a team player and perform. A number of MDs started off as analysts and have had 20+ year careers with the firm.
Bumpity bump bump
??? Yeah - if / when a major recession hits and M&A grinds to a stop investment banks just keep on paying the same bonuses they paid at the top of the market...
Barring the occasional large-cap deal, Baird definitely seems to be a volume shop that cranks out 100+ deals of smaller size. That said, has anyone heard if the juniors there do mostly process work, without much meaningful modeling or analysis?
I can't imagine it being any different than any other reputable bank. Almost all of junior work is process work.
What do you define as smaller deals?
Depends on the group and how good you are as an analyst. If you are talented and have gained the trust of your deal team, you get as much room to run with as you can handle effectively. You'll definitely do tons of analysis / modeling.
I looked at a few analyst exits on LinkedIn, seems majority LMM PE exits? With a selective few who went from Baird - MM - UMM? I don't seem much placements from Baird getting placed into notable MM. Can someone shed some light on that?
Great placement into MM and UMM, but there is also a high retention rate of top talent with direct associate promotes.
Like what? That's contrary to everything I've also seen on Linkedin.
Does anyone have insights to Baird's MBA placement to either coast? For context, Baird has a scholarship program for A2A promotes who get their MBA paid for then come back on as an associate without loss of credit. Naturally, Baird has a lot of Booth and Kellogg people. But I'm curious if Baird is a strong enough name to keep schools like HBS, Wharton, and Stanford within reach.
Doesn't matter what your bank is, 2-3 years of IB and then getting into any M7 is pretty tough. Leave for a couple years for PE, a startup, public service, or to do something really outside the box in Africa and you have a chance. Those are the people you are competing with for top b schools. Why take someone with 2 years of IB when 200 other candidates have 2 years of IB AND 2-3 more years of experience? Plus, if you want to be a career banker, why take 2 years without pay just to come back to the same place you were? By that time the A2A people are staring down the barrel of a VP promotion.
Great top MBA placement, with a concentration at Booth and Kellogg. However, I've seen several individuals go to Wharton and HBS.
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