Raymond James Exit Ops

IBanker91's picture
Rank: Chimp | 10

Hey monkeys,

I'm looking into various MM banks around the country in preparation for FT recruiting in the fall. I have looked at previous threads about RJ but they seem dated and the company seems to be growing steadily in prestige as well as deal flow.

Wanted to know what you guys thought about RJ and their various offices, particularly NY and FL. What are their exit ops like? What's the culture like and such.

Thanks.

Comments (19)

Apr 17, 2014

just had the Associate Vice President, Investments----Branch Manager present for our Financial Management Society and the business seemed legit. They are really looking for younger Financial Analysts, but have some positions open on the back end as well. Seemed like a good foot in the door opportunity.

Best Response
Apr 17, 2014

@"IBanker91" RJ is a solid MM shop. You are right that they have gained in prestige/presence on these boards and in the past few years. As far as exit opps, Head Hunters seem to only really come to upper tier bulge brackets, elite boutiques and select groups at lower tier bulge brackets.

That being said, if you get a solid experience at a mid market shop you can absolutely go buy side.

http://dmi.thomsonreuters.com/Content/Files/4Q2013...

http://dmi.thomsonreuters.com/Content/Files/4Q2013...

If you look at MM2, which is M&A deals up to 500 million in the U.S, RJ has ranked 10th, 18th and 2nd for the years 2013, 2012 and 2011 respectively. They do a few larger M&A deals as well. What is interestingly about that ranking is that most of the banks that beat them are bulge brackets and elite boutiques. A few of the larger middle markets (Jefferies, Stifel and RBC) are up there as well.

Anyway without getting too in depth into the different number of deals each firm is doing, RJ is doing as much middle Market M&A as anyone. So, IMO if you are looking to go to a PE shop that buys $200-300 million companies, RJ should prepare you well, bring you some connections and allow you to make the jump. If not, it is a respected bank and I am sure you could go to another well regarded mm or even a bulge bracket or elite boutique.

    • 2
Apr 19, 2014

Well written.

Apr 17, 2014

Thanks man.

Apr 20, 2014

Does RJ place into MF PEs or bigger PE firms? and how common is it for people to network their way into such PE spots? I know RJ can place into MM PE firms. Or does one have to go back to M7 MBA to break into the MFs after doing a pre-MBA stint as a MM PE associate?

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Apr 17, 2014

I doubt anyone is going directly from RJ to a MF. So if you have the option to work at Goldman or RJ and want to end up at a MF, take Goldman. If you cannot get bulge bracket IBD, in my opinion you could probably fairly easily network your way into lateraling to a bulge bracket from RJ after a year and then trying to get into a MF. I am not so expert on MF recruiting. I am not sure where everyone from RJ has placed. A quick LinkedIn search did not yield great results.

A lot of middle market and upper middle market PE shops have associate profiles on their website. I have seen former RJ analysts on a few sites. The largest firm probably having about 15 billion of committed capital. I imagine if you could get into a fund of that size pre-mba from RJ, then go to a top MBA you would have look or two at megafunds.

Honestly though starting at RJ is probably a low probability of getting into a megafund, but then again the probability is very low no matter what. Also, that is not the only way to do interesting work and make sweet money in finance.

Basically, with regards to exit opps RJ is a respected shop where you will get deal experience and have a legitimate start to your career as a financier. It will be more difficult to get into upper middle market and mega fund pe shops than bulge brackets. That being said, since the experience is good there will be plenty of opportunities going forward. If your goal is PE from the beginning and you network early, are respected at RJ and do everything you can to get staffed on the right deals and understand them thoroughly I am sure you can go to a legitimate PE shop from RJ.

Apr 17, 2014

Other than NYC, you might want to consider: STI Hotlanta or anything else in the area. They should know who RJF is given that RJF has a Hotlanta presence and they are both MM firms.

Also, IMO you should consider Houston, as it has may of attractive opportunities.

Matrick:

[in reply to Tony Snark"]

Why aren't you blogging for WSO and become the date doctor for WSO? There seems to be demand.

BatMasterson:

[in reply to Tony Snark's dating tip]

Sensible advice.

Apr 21, 2014

For the love...please don't call it Hotlanta.

    • 1
Apr 17, 2014
AcctNerd:

For the love...please don't call it Hotlanta.

Hey, I'm not the one who calls the women softball players hot.

Matrick:

[in reply to Tony Snark"]

Why aren't you blogging for WSO and become the date doctor for WSO? There seems to be demand.

BatMasterson:

[in reply to Tony Snark's dating tip]

Sensible advice.

Apr 23, 2014

I hear it's considered a lesser mid market firm compared to HSBC, RBC CM etc..

Apr 23, 2014

How about you get the offer first? Also please dont post two threads with the same exact topic within two hours of each other.

Apr 23, 2014

look at linkedin and see where analyst have ended up

Apr 20, 2014

hah, I met a HYP chick who worked there

Apr 20, 2014
Solidarity:

hah, met a HYP chick who worked there and seemed to think it was alright.

Apr 20, 2014
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