Looking for insight for the FIG group at JMP Securities or just the firm in general. Anyone know anything about the work culture / typical hours at this shop?
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I've met the CEO of the firm. seems like hes carrying the team on his back tbh.
What makes you say this? How would you know this just from meeting him? He implied to a stranger that he's carrying his firm on his back?
Who’s the CEO?
They hiring like crazy yet I never heard of them
Bump
I work with them quite frequently. They're firmly LMM and mostly Cap Markets oriented. Typically if they're a lead-bookrunner it's in combination with one or two other banks as a joint bookrunning manager role. Typical deal size for the transactions in which they are more than a passive underwriter is $100-$200M.
Occasionally they get an M&A mandate or private placement mandate in which they're the sole advisor/agent. Vast majority of their tombstones are for passive Co-Mgr roles.
Their typical peers include: Oppenheimer, Ladenburg Thalman, Janney, Hovde Group, B. Riley, etc.
Fine firm for a career FIG banker or someone who wants to work in corporate for a Credit Card / Insurance / Payments / FinTech doing M&A or FP&A. If you're focused on ending up at a PE MF doing Technology Company LBOs within 2 years then it probably isn't the role for you as it is neither M&A nor Technology focused.
Does JMP have good exit opps?
I'm not trying to be a dick but this is a stupid question. It's a relative/comparative question, that you framed as an objective Yes/No question.
If you are a career FIG banker, who wants to exit to another MM FIG bank, then yes JMP FIG will give you that exit optionality. If you want to do Private Equity LBOs of SaaS companies at a Mega Fund, then no, doing ~$100M capital markets deals on FIG clients will not give you the exit optionality you are looking for. If you want to do Corp Dev at a credit card / payments / insurance company, then JMP FIG is probably a solid group for that, although not quite as much clout as an M&A focused FIG Group.
You get the point, it is all relative and context-specific. There is no objective hierarchy. Where you are best off at is whatever Group and Bank best caters to the skillset you want to develop and offers the culture you thrive in.
Solid MM, but very sweaty culture & crazy hours (90+ average) for SF office.
Source: Close friend was An1 and quit after 1st year
Thanks for the info, do you know anything about the NY office?
False. Our FIG members have been leaving the office around 6-7 pm for months in the SF office. Living the life
Healthcare does a lot of medtech m&a deals, probably their strongest group at the bank right now. Tech is also pretty strong in m&a. Good thing about JMP is that you do in-house M&a, so you get exposure to various deal types. M&a, bookrunner, comanager, any sort of offering or strategic advisory, etc you get the gist. Most of their healthcare and tech exits come out pretty versatile across the board. All experiences are what you make of them
bump? anyone have info on the firm in 2023... sitting on an offer rn
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