Investment Banks in Washington D.C.

Hi -

Do you know of any investment banks / BB branches that are located in Washington DC?
I will be working in the area, and I would like to network a bit in preparation for FT recruiting.

Also, assuming that I find some places (e.g. Rothschild), what would be the best way for me to contact them?

Thanks!

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Comments (65)

May 29, 2009 - 4:48pm

Great responses - thank you very much!

As a follow on:

How do you think I should go about contacting them?
Can I just call the office and say I would like to learn more about what they do there?

Also, do you have an idea of what kinds of deals DC banks do the most?

Thanks again!

May 29, 2009 - 4:55pm

Depends what you are looking for. In general, the best you can hope for by calling these banks is to get ahold of HR and see if/when they are recruiting. The best way to find an "in" is to scour your alumni database/linkedin and contact a banker directly. There are a million threads on how to go about networking with alums/random people so I won't touch on it in this post (Use the search button). Check both the FBR Capital Markets and Jefferies Quarterdeck websites for some idea of the types of deals they do.

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May 29, 2009 - 7:41pm

My personal list that I've compiled over the last 3 years:

AFL-CIO Investment Trust
American Capital Strategies
Arlington Asset Investment
Aronson Capital Partners LLC
Babson Capital Management LLC
Bank of America
Barclays Capital
BB&T Capital Markets/Windsor Group
BDO Seidman, LLP
BIA Financial
Brouillette, Barry, Farmer & Korando LP
Capital House Merchant Banking LLC
Capstone Strategic
Coady Diemar Partners, LLC
Corby Capital Markets
Countrywide Capital Markets
Credit Suisse Management LLC
DC Capital Partners, LLC
DeSilva & Phillips, LLC
Deutsche Bank Alex. Brown Inc.
DMG Securities
E*Trade Capital Markets
Eastdil Secured
East-West Financial Services Ltd.
Elias, Matz, Tiernan & Herrick
England & Company, LLC
Ewing Capital, Inc.
Federal City Capital Advisors, LLC
Ferris Baker Watts
FOCUS Enterprises
Furash & Company
Galen Capital Group
Greenwich Associates LLC
Hannon Armstrong & Company
Hildebrandt International Inc.
Hiram Capital
Houlihan Lokey
Hovde Financial
HSBC
InterBank Capital Partners
ITF Global Partners
Jefferies Quarterdeck
Jeffries Group Inc.
Johan Hekelaar
Johnson Capital Group
Jones Lang LaSalle
Kaulkin Ginsberg
KeyBank
KippsDeSanto & Co.
Kormendi/Gardner Partners
KPMG Corporate Finance (Baltimore)
Legg Mason Wood Walker, Inc.
Lehman Brothers
M. R. Beal & Company
Marlin & Associates
Matheson Financial Advisors
MCG Capital
McLean Group LLC
Milestone Merchant Partners LLC
N M Rothschild & Sons Limited
National Capital Companies
Newman & Associates
NorthMarq
Ocean Tomo
Perseus LLC
Promontory Financial Group
R.W. Baird
RBS Greenwich Capital
Scully Capital Services Inc.
Securities Industry Association
Stephens Cori Capital Advisors
Stifel Nicolaus Capital Markets
Stout Risius Ross
Taylor Companies
Taylor-DeJongh, Inc.
Thayer Capital Partners
The PFM Group
The Prestwick Mortgage Group
UBS
Updata Capital
Venture Management, Inc.
Winston Partners
WWC Capital

I don't think Bank of America or UBS have IB practices in DC, but both have many many offices for financial services.

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May 29, 2009 - 8:23pm

Since I have the time, I'll give you the world's quickest breakdown of some of the companies on this list I've either worked for or interviewed with:

American Capital Strategies: publicly traded PE/IB firm located in Bethesda, MD. It has 2 office locations in Bethesda. Probably the most ridiculously nice offices EVER--no exaggeration; simply breathtaking. Not particularly elitist. They have state university graduates there. Everyone had their own office. Jobs listed on their website. Interviewed and rejected.

Friedman Billings Ramsey is now Arlington Asset Management. No real contact with them.

BIA Financial is a media IB. Small, located in Chantilly. Nice firm, nice people. Interviewed and job offer.

Houlihan Lokey. Nice office, nice location in McLean, VA. I met a former Lokey guy in a job interview. Very good company. Jobs listed on website.

Jones Lang LaSalle. Elite full service real estate firm with offices in DC and McLean, VA. Real estate investment banking practice. Jobs listed on website. They manage a ton of office space in Tysons Corner.

KippsDeSanto is a boutique IB founded in 2007 by former Houlihan Lokey guys. Nice guys. Ethical guys--I interviewed with them and they ended the interview when I told them that I had accepted a job offer at another company.

MCG Capital is a pretty good IB--one of the few that officially recruits at Virginia Tech. But they have had a lot of trouble recently and started layoffs about 6 months ago. Friend of mine was laid off there.

Northmarq is actually doing really well--my current firm works with them a lot and they are doing good business.

Perseus. Real estate investment bank located in a very nice area of DC. Nice office, nice people but fairly elitist, although somehow I got to the last round of interviews. I was turned down.

Taylor Companies. Nice boutique located in a nice area of DC. They hire state U grads. I think they hire on a rolling basis. I interviewed with them, was offered a second interview, which I accepted, and then they called me a week later and cancelled my interview saying that they had found other more qualified candidates.

The PFM Group was my first job out of college. The nation's top municipal finance IB that specializes in, well, muncipal bond debt issues. Based out of Philadelphia with a great training program. Their DC area office is located in Ballston, a VERY nice area in Arlington. Nice people who are very smart. Doubt they are currently hiring though.

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May 30, 2009 - 8:02am

I just wanted to say that I got my list by typing the name of the firm followed by "washington dc" in google. And magic...

So you can do this for other firms that you want to know about.

May 30, 2009 - 1:54pm

I interviewed w/Lazard for their Aerospace & Defense M&A group which is located in DC - pretty cool nice guys. It seemed from my interview as if a majority of A&D banking activity occurs in DC which makes a bunch of sense. It was a small group - maybe 20 people - with most of the people coming from Jeffries Quarterdeck or Lehman and a bunch of UVA grads.

May 30, 2009 - 1:57pm

I Banks in Washington DC (Originally Posted: 01/23/2010)

I posted this in the consulting forum too. That was of interest for me and this is of interest for a friend of mine who is going to DC with me in 2 weeks. Does anyone know of some legit boutique/niche banking shops in the DC area? We're headed out there purely for networking for next year. I know of a few, and we looked through the regional boutique thread and got a list of a few, but I'm sure others exist. Thanks!

May 30, 2009 - 1:58pm

CashCow is going to say Carlyle.

--- There's Goldman and then there's everything else.
May 30, 2009 - 2:05pm

try Raytheon

========================================= We are excited to formally extend to you an offer to join Bank of Ameria
May 30, 2009 - 2:07pm

IBanking jobs/salaries/life style in Washington DC area? Lots of yuppies driving BMWs..what do they all do?! (Originally Posted: 07/22/2010)

How's investment banking or other high-paying ($100k+) jobs in Washington, DC for recent Ivy League grads? How's the lifestyle? What kinds of things can an ivy grad with engineering-based degree concentrating in finance do in DC?

I'm considering NYC of course, but having interned in DC for a summer, the place wouldn't be bad at all. Lots of well-dressed young professionals and lots of luxury cars in the streets...the surrounding area has a metropolitan feel as well.

But I don't want to be giving up the chance for a major hefty ibanking salary by going to DC. Can ANYONE just describe what the scene in DC and Northern Virginia is like? I see LOTS of young professionals driving BMWs, Benz's, Infinitis...I just want to stop one of them randomly and ask them what they do. I know Accenture/Booz/Deloitte is in the area, but I doubt all these yuppies are management consultants! What do all these guys do?

May 30, 2009 - 2:14pm

Just left DC for NY. been there for the past decade. Anyway, most young people that get jobs right of college get nice cars (although almost always leased) and some do take out mortgages to get a house. Mind you, these folks dont earn that much 50s to 60s.

The people with the "old" and fuck you money are mostly lawyers. there are a ton of them there. Also a ton of diplomats here. The commercial part of DC/Northern VA is mclean VA and its a huge commercial part of America. I believe in the top ten. A bunch of tech, defense and aerospace companies are huge there. the real estate, financial services and hospitality services industries are realtively huge as well. Carlyle is based in DC i believe. As far as the ibanking scene, its mostly boutiques and the BBs are mostly PWM.

Its a great and fun place to live. Kind of like a cleaner and less populated version of New York.

May 30, 2009 - 2:20pm

Lot of government consulting, military contractors, real estate funds, big 4, etc... there

Of course, Carlyle's there too and some banks have metals/mining and aerospace/defense teams in the area.

Just stop posting man. What do people who drive BMW's do? If those are upper limits of your life aspirations at age 19-21 I feel fucking sorry for you.

May 30, 2009 - 2:21pm

Most big money in DC are from big time Government, Diplomats and Lawyers. Rest are management consultants just posing. Carlyle is there, but its pretty difficult to get into Carlyle. I would start an iBanking career in NTC or La and aim to try to get Carlyle. The only viable way I see for a banker to make good money and enjoy the DC area. NW DC is as good as it gets, and this is coming from a DC resident.

May 30, 2009 - 2:23pm

there's a very profitable prop shop called congress. its senior partners are allowed to insider trade without fear of prosecution. look at their IRRs. they kick ass my boy.

May 30, 2009 - 2:31pm

FBR has still well below its 2006 form (then again, so are quite a few IBs). Used to be one of the better FIG names outside of BBs. They have rebounded a bit from 2009-2011, but much of the top talent left. They also got hammered in the industrials group (they may have a slightly different name) where a guys left for other shops (i.e. Macquarie).

Hovde is also a FIG shop. Never felt like Hovde closed enough deals to pay good compensation b/c there were too many senior level guys and the ratio of deals/MD was never great. But, it's still reputable and they have quite a few industry events. Picture it as a smaller Sandler O'Neill that chases the smaller bank deals.

Never heard of Taylor Companies, but the website looks terrible. I would be very skeptical of a shop like that. No tombstones displayed or deals listed on CapIQ.

May 30, 2009 - 2:34pm

Finance in Washington D.C. (Originally Posted: 02/07/2014)

Hey all,

I just wanted to know the prospects of landing a job, specifically in Banking, Consulting, or Venture Capital in Washington D.C. I know DC isn't New York, but how is the finance industry there? Also, would a school like George Washington University be a target for firms in DC? Thanks!

May 30, 2009 - 2:36pm

Consulting is certainly prevalent, and there's a reasonable amount of private equity presence in D.C; other stuff not as much. George Washington will not place in the elite firms - Georgetown and east coast ivies are your best bet for that.

EDIT: If you really have your heart set on IBD in Washington DC then join an aerospace group, there are actually a fair number of good ones here - Jefferies comes to mind.

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