Needham and Co in 2020?
Anyone know anything about needham and co in 2020? Tried looking it up but the threads are really old. Would appreciate any info on culture, focus, exit ops, salary, or SF office in particular.
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A lot of IPO co mgmt work, NYC is also Analyst light so if ur looking to move over there that could give u good exposure, generally really nice guys I spoke with for FT
bump.
curious
anyone going through the process with them?
Bump. Anyone in their NY process?
I am in their SF process
Seen their name recently on cap markets work (follow-ons and IPOs) but as a manager rather than a bookrunner on everything. I'm also not a fan of their ER at all but maybe that's me
Agreed, their ER blows most of the time.
Though seems that they cover the MM/UMM (sub 2bn) space so sometimes the only available broker for those type of companies lol
Apparently Needham & Co has its fair share of criticism and is on a decline... at least from reviews I’ve read online. I received a 1st and 2nd round interview with them (1st w/ associate, 2nd w/ 2 analysts) and during my 2nd, the 2 analysts told me my technicals were perfect and my answers were really thoughtful. You could tell I was really surprised when I received an email that I wasn’t moving forward in the process lmao I then asked a friend who interned there last summer about the process, and he mentioned that he had connections, so he skipped the superday altogether and got the offer. Ridiculous if you ask me. I don’t come from a family of finance gurus, so I don’t have similar connections as others.
Getting rejected was probs the best thing tho bc now I have mutliple 1st rounds at better banks/firms. Fuck cheating the system lol
Big fat mood. Been more than a week since I last heard from them guess I’ve been dinged lmao
Do they take SA’s?
Ran across an SF team for them doing buyside advisory for a strategic in a sell-side process I was on. Not sure if this is a typical type of engagement for them.
have a buddy who works there. seems like he enjoys it. Definitely need to check the box on technicals but even further, there's a hardcore focus on fit. if you arent someone they want to get a beer with, you're unlikely to get an offer. Atleast that's the impression i get
is it possible if you can ask him how FT recruiting works,
Do they take on FT candidates straight from undergrad?
Recently interviewed with the SF office and met pretty much the entire SF team. It's a stable middle market shop focused on the traditional technology verticals SF IB offices typically cover with a bias towards hardware. Many senior bankers started their careers in the industries that they cover, so technical industry expertise is a differentiator, especially in hardware. Strong deal flow on IPOs, Follow-Ons, Private Placements as co-manager; M&A deal flow is reasonable. Has one MD in SF dedicated to China and one MD in NYC dedicated to Israel.
Firm has not really changed in the past 20+ years; but prides itself on being "investment banking led". Retention rates are extraordinarily high, so many senior bankers and executives started as analysts/associates. Interviews place strong emphasis on social/cultural fit, as they encourage/expect their junior bankers to stay for the long haul. Seems like a solid firm for aspiring career investment bankers who are interested in technology, are entrepreneurial, and prioritize stability over prestige. Probably not a great fit for IB analysts seeking to jump straight to the buy-side after 2-3 years.
Any insight in needham ER?
Bump
Intimate with the firm, what would you like to know?
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