Anyone have insight on D.A. Davidson FIG team?

Does anyone know how big are the typical M&A deals that D.A. Davidson do for FIG? What is comp like for 2nd / 3rd year analyst? Exit opps into BB or EB? Culture? Benefits (Healthcare, expense policy and etc)?

Comments (6)

 
Nov 19, 2020 - 2:50pm

It's mostly middle-market depositories, aka community bank deals. Exit opps aren't great. Likely trade up to Sandler or KBW. Hard to imagine you getting a BB, talk less of an EB. When the BBs or EBs are looking for FIG laterals they tend to work down the pecking order: Tier 1 BBs, EBs, KBW/ Sandler, and Tier 2 BBs.

Based on what I know about DA Davidson, I'd imagine they pay below street. Personally, I wouldn't touch them with a six-foot pole, if you have other offers, I'd consider those instead.

Source: I used to cover FIG

 
  • Prospect in IB - Gen
Nov 19, 2020 - 3:56pm

Thanks for the information, very helpful. If someone can shed light on pay that will be great.

 
Nov 22, 2020 - 3:44am

Understand how depositories work. It's essentially a spread business: collect cheap deposits, and lend at higher interest rates. You need to understand how accounting works in the space, as well as how depositories are valued and why they are valued that way (you can't run a DCF), key metrics considered when valuing these companies, understand industry trends driving consolidation in the space, and be familiar with recent deals. There's a good overview of Mergers and Inquisitions. Also, use the search function on this site, this has been covered quite a bit. My advice, pick up a FIG interview guide from one of the major wall street prep providers, good luck!

Start Discussion

Total Avg Compensation

November 2020 Investment Banking

  • Director/MD (18) $713
  • Vice President (51) $332
  • Associates (271) $228
  • 3rd+ Year Analyst (39) $161
  • 2nd Year Analyst (152) $153
  • Intern/Summer Associate (139) $139
  • 1st Year Analyst (592) $130
  • Intern/Summer Analyst (565) $82

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.4
2
Jamoldo's picture
Jamoldo
98.3
3
Secyh62's picture
Secyh62
98.2
4
CompBanker's picture
CompBanker
97.9
5
redever's picture
redever
97.8
6
frgna's picture
frgna
97.5
7
bolo up's picture
bolo up
97.5
8
NuckFuts's picture
NuckFuts
97.5
9
Addinator's picture
Addinator
97.5
10
Edifice's picture
Edifice
97.5