Sandler O'Neill - Tearsheet (urgent)

Hoosh's picture
Rank: Chimp | banana points 9

Lurker for a long time, first time poster. It would be super helpful if anyone can give a bit of insight into the inner workings of Sandler O'Neill. Some general points that would be super helpful are:
- Culture
- Hours
- Pay

I did my fair bit of research on exit opps, and noticed that a lot of their people end up heading to GS FIG. Any opinions on the normality of this, or should I write those off as anomalies?

A bit of background, I would be lateraling from a FO banking position of a non-top foreign bank.

Thanks a ton!

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Comments (15)

Jul 27, 2016

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Jul 27, 2016

-Culture and Hours: Terrible, consistent 90-100 hr weeks; almost no pitching and all execution (tons of dealflow)
-Pay: Below street base but higher bonus potential

Overall: Top notch FIG shop with grueling and long hours and a rough culture. You'll close deals and get a ton of exposure across capital mkts and M&A. Will look amazing for future FIG type opportunities

Float like a butterfly, sting like the bee.

Jul 27, 2016

Right now, I'm at a bank with little traction in the market. Coming from experience do you think it's worth it? Also is it just that the hours are terrible, or the culture as well?

Jul 27, 2016

My ex-Sandler friends used the words hours and culture synonymously so I think they could be equally bad.

Either way, if your current place has little traction I think it's worth making the leap, especially if you're at a large foreign bank. Another thing to think about is whether or not you're okay with staying in FIG

Float like a butterfly, sting like the bee.

Jul 27, 2016

I've looked through linkedin pages, and a lot of people seem to branch out. I've seen a few Apollo, one PW, and many that end up going to GS FIG, then either hit buyside or do LevFin at GS. I think its worth it, but I want to make sure I'm not making a jump for the sake of jumping.

Really appreciate your insight btw.

Jul 27, 2016

I know they specialize in FIG banking and research. It's a pretty good shop, my buddy did a sophomore year internship there in FIG equity research covering small-cap banks. He had nothing but the best things to say about the firm.

Jul 27, 2016

Was your friend in the NYC office? Anyone have any info on their Chicago operations?

Jul 27, 2016

NY office

Jul 27, 2016

Was done all through referral etc this year. Interviewed about 3 weeks ago.

A number of banks around the size of Sandler are doing the same thing (no official posting or way to apply online).

Jul 27, 2016

You can always send cold emails to the companies that you are interested in. I've gotten interviews that way even when companies did not post their available positions.

Jul 27, 2016
graythadical:

You can always send cold emails to the companies that you are interested in. I've gotten interviews that way even when companies did not post their available positions.

Would that really work at a firm like Sandler?

The difference between successful people and others is largely a habit - a controlled habit of doing every task better, faster and more efficiently.

Jul 27, 2016

It doesn't hurt to try, you never know what might happen. Besides if they aren't posting positions online what other option is there?

Jul 27, 2016

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