Raised base salary for A1 to $100k and A2 to $115k. The recruiting team just confirmed the news at incoming analyst training. Seems like Piper is finally figuring out how to treat their employees.
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Is Piper a 2 year analyst program?
Yes
What is as0 pay bumped to
Figuring out how to pay appropriately and treating your employees with respect are two different things. While I applaud PS for the substantially bumping pay, I think the later is something they could still work on. Also, might want to check A1/A2. Piper has some weird comp scaling with respect to timing and classification of analyst titles.
I might get monkey shit for this. Nothing against PS but you can’t pay me enough to work there lol. I would take it if I had no other offers though regardless if its a sweat shop or not. I rest my case...
Do you mind expanding on why? I know they're very strong in some hc verticals as well as fig and consumer
Can’t comment on particular groups as a buddy of mine is in FIG there. Gonna try and condense my argument a bit. I’ve met senior folks on both the Piper Jaffary side and Sandler O’ Neil side before the merger. They both built great cultures but from a close friend thats an associate there at PS mentioned that they have this “chip on the shoulder” or “sharp elbowed” mentality that can get pretty exhausting like if one lost deal is the “VERY LAST DEAL”. I dunno my opinion is that they want to remain competitive is fine but its really about volume (perhaps many MM banks) but on steroids for them. Some folks like that but I can imagine the quality for analysts there. Correct me if I’m wrong or if any analysts on here could comment. The culture starts at the top more so with these guys some are hardworking and other senior bankers push juniors to have something to prove. You can learn a heck of a lot but for me I prefer Jefferies. They are both very institutionalized with supporting businesses that stand on stools. PS is still new though and again I don’t work there so we will see how that franchise goes. Again, just my opinion from personal anecdotes and outside looking in I wouldn’t be particularly cheery or hyped. All banking jobs start to all look the same lol
prolly may take the 15k off the bonus tho
Was literally thinking the same thing. The larger the pay bump the more likely I think we will see bonuses get shaven
Analyst 2 is 110k actually and analyst program is 3 years
So a3 is 115
Just an in-person intern there, but I have not observed any of the above negative culture comments. Also deal flow is very strong across more than the three that WSO keeps re-listing.
The analyst positions are analyst 1 and analyst 2, so the 115 should be for 2nd year in the job.
Still can't get over this name
Sandler? But I hardly know her!
Had a buddy in HS with the last name Pfister..
Anyone have any insight if this could push banks like jefferies to follow?
Didn't y'all get a bike?
Legit never heard their name outside of WSO, do they even make enough in fees to afford this? lmao
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