Can anyone tell me about the firm's culture in their IBD? Anything detailed/group-specific is greatly appreciated! I have a phone interview this week.
Thanks,
mkballer
Trending Content
| +135 | How to stop feeling like shit for not making it in IB? | 52 | 3h | |
| +100 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 46 | 2h | |
| +66 | Updated LA Banking Scene (2024) | 49 | 4h | |
| +54 | Why Is It Called Investment Banking? | 19 | 15h | |
| +38 | Ranking banks that went under | 19 | 9h | |
| +31 | UBS Actual Buyside Exits 2024 Post-Integration | 9 | 2d | |
| +29 | A strategy for SA applicants late to the game like myself | 13 | 0 sec | |
| +29 | Relevance of A-Levels for U.K. London recruiting | 21 | 4h | |
| +29 | Burnt Out M&A ASO | 14 | 4m | |
| +26 | Series 79 Help / Tips to Pass The First Attempt | 11 | 1d |
Career Resources
Which office are you interviewing for? I recently had a first round interview for their NY office. Apparently they're still integrating (Stifel and TW are still in two separate offices). The VP who interviewed me, who was from the Weisel side, was pretty pumped about the merger and gave off the impression that the Stifel side felt the same way too. Kinda related, does anyone know if they had any superdays yet?
I believe I'm interviewing for the Baltimore office; however, I was originally contacted by HR from SF.
The college recruiting is out of their SF office this year. Baltimore is a large Stifel location.
do you know when superdays are?
There have been various superdays over the last month and there will be about 2 more over the next couple weeks...
Thanks Bostonbanker
An alumni from our WSI program works for Stifel Nicolaus now and although he didn't want to get into specific numbers, he had this to say:
"They are ramping up IB in a huge huge way. The reason for the merger was to build in roads into banking deals in healthcare and technology which was Thom Weisels specialty. Would have taken 10-15 years to gain legitmacy we did overnight with this deal. They are hiring young bankers like crazy right now. They just had a superday in the NY office and more are planned. The culture is insane right now as they have bankers everywhere from Baltimore to SF right now. NY is split between 2 offices. But, its an amazing place to be. We brought in this guy Victor Nesi who used to be head of IB for Merrill Lynch. We fully intend to be able to compete with the big boys as this thing grows. The emphasis has been on gettin bookrun deals we havent been able to get before and it's working. There will always be pushback as "competing" with the big boys is nearly impossible but being right there in the convo is the goal. Everyone is beyond pumped, this thing is growing and its a place to grow in because of the expansion. Great place to get in on the ground floor."
Hope this helps...
my buddy who works there told me the healthcare grp just hired pretty much the entire cowen healthcare banking team...its going to be one of the largest groups at the firm
Does anyone know if they're planning to have another NY superday? I interviewed with them like 2 weeks ago and both interviewers have been unresponsive to any followup emails.
I'm in the same position. I think we should be hearing soon.
I know at least their SF office is having a second super day at the end of this month. I would imagine the same case for the larger office out in NY. They probably have multiple super days and are waiting for them to end before extending offers
I had a phone interview this week and have not back yet about superday
Another round of superdays are coming at the end of October at both their NYC and San Fran offices.
I heard they stifle you and pay you a nickel
Has anyone heard anything yet?
Probably too biased of a place to be asking this question, but do you think Stifel actually has a chance to be in the conversation with the "big boys"?
i think that they have def upgraded their platform with the acquisition of weisel / cowen bankers and are looking to expand rapidly. That being said, they are still a ways away from being considered with the BB. I do know that they recently have been pitching against many BBs for business and have been getting hired.
i was saying that they are no where near being considered a BB, but with their recent acquisition and hirings they have gained expertise in industries that legacy stifel was not involved in. This has allowed them to pitch against some BBs and be competitive in certain bakeoff situations, especially in the healthcare and technology sectors.
Do you know any deals specifically, bostonbanker? Im curious on this boutique as well.
Thoughts on Stifel? (Originally Posted: 02/08/2015)
Just curious to hear what Stifel's reputation is like. How are the exit opps?
Unless you're working for KBW or Miller Buckfire don't bother.
Did you get an offer from the superday on Friday?
@Garbinson yes i did
@bulge4lyf can you elaborate?
Generally Stifel has an awful rep, crappy pay, and everyone I've met from there just seems a bit....slow.
TWP, MB and KBW generally have far superior talents and from what I know are much more of a traditional wall street unit (even the pay is different)
[
[
this poor sap works at Stifel. How's that 10k bonus treatin' ya?
Whoever said 10k is an idiot. Last year was 55k top bucket. They are normally in-line or a tad (~5k) below street. Hours are better than street in most groups though.
Stifel Nicolaus Investment Banking - Anybody know anyone that works here? (NYC) (Originally Posted: 08/19/2013)
Hi all,
Does anybody here work or know someone that works in the NYC office of Stifel Nicolaus' investment banking practice?
If so, I would highly appreciate it if you could take some time to answer questions via PM. Luck and help from others in some form or shape have helped many people here on WSO succeed - I hope someone here would be willing to give back and help out.
Thank you
i couldnt reveal that info even if i did know since the companies are publicly traded...
Is LinkedIn not good enough?
Don't have any 1st or 2nd connections on LinkedIn so I figured I might try WSO.
google - Stifel investment banking, the name of your school, linkedin.
Curious, why Stifel NY Office?
I went to a non target and had not too many alumni's there. I actually work in the MM space (think HW/Stifel/Baird) so I know where you are coming from. Here is the thing. I would say, reach out to current alumni in IB and see if someone can refer you to someone there. I think it goes over better that way in the long run....
bump~
Stifel NYC Best groups & exit opps. (Originally Posted: 02/25/2015)
Does anybody know the best groups to be at Stifel. I want to exit into MM PE/Growth PE and was wondering if anyone had any input.
This sounds like a great place. It is pretty impossible to compete with large banks though because of all the relationships already ingrained.
tech and healthcare do more M&A. generally thought of as stronger
[
Stifel IBD Coverage Groups (Originally Posted: 05/04/2014)
Hi,
I wanted to learn more about the prestige of particular coverage groups at Stifel. I have heard Tech and HC are great. But, I know Tech is also broken up into Media & Communications, EATs, and Software. Which one is considered better and why? How does Stifel Health Care compare to BB? Are there any other groups that compete directly with BB? Industrials?
-FullWindsor
Before Stifel ends up like Harris Williams on this board I figured I'd weigh in. Stifel is a great bank and is better positioned than it has been previously. However, it's not like it is now poaching companies from bulge bracket banks. The overlap of the two comes from big banks chasing smaller deals and certain areas of expertise and relationships from specific bankers. All boutiques and mid market shops have a few deals that you would think a bigger bank would have handled. I work at a middle-market bank and we pitch, and win, against Stifel quite a bit. Overall message: Stifel is a good bank but is not anywhere near the bulge bracket.
Perfect post, couldn't convey it any better than this.
Bump
well put, however I will say that just as other banks win against stifel, stifel wins a lot against other banks as that is the nature of the business and there are a fair amount of deals to go around.
stifel is not near the BB's but is continually upgrading and its reputation will only increase as time goes on. the platform they got going on is interesting too, as stifel is building itself into unlevered version of Merrill Lynch's model.
*
Great info, really appreciate it. I've spoken with a ton of KBW and HC guys and really like both groups. Would both groups give me a decent shot at MM PE? Also, would I be somewhat held back by being in a FIG group even though I'll have a ton of M&A experience?
As an aside, if you were to choose between generalist offers from Stifel NYC and Wells Fargo Charlotte and you wanted to do PE in NYC, what would you choose?
Thanks
*
Interesting information - its seems Stifel seems to be all over the place with regards to people's opinion on the bank.
It sounds like Healthcare is probably their best coverage group.
Stifel Nicolaus Salary and Rep? (Originally Posted: 11/08/2012)
Does anyone have any compensation data points? I checked the database but don't see anything.
Does anyone know the pay for research associates? base/bonus etc?
What's their general rep? I know they've bought a lot of people but I haven't heard much of them.
Anyone else going to the superday this Friday in SF?
they dont have as great exit ops as BBs (duuh) but their rep is getting better and better.
depends on what industry too obviously
I'd be curious to know how much they'd pay as well. I've heard very good things about their equity research.
Does anyone know about the FIG groups at RBC and Stifel (New York) (Originally Posted: 02/10/2014)
If I'm not mistaken I understand both these groups are small compared to the other groups. Does anyone have any insight? Is the FIG group for Stifel even in New York / on the same floor as the TMT/EAT group?
If anyone is in one of these groups I really hope to reach out.
Thank you in advance.
GibsonLA, when did you hear back from them/get your invitation for Friday superday?
FIG at Stifel has been integrated into KBW. It is not small at all. They are a huge player in MM FIG (often 1st in MM FIG league tables - depending on how you cut the data).
KBW is a great MM FIG bank (group in Stifel).
As mentioned above, FIG at Stifel is HUGE. One of the best on the street.
To answer your second question, Stifel's FIG team (KBW) isn't in the same building as the rest of the groups.
What do you mean by EAT btw?
FIG at Stifel/KBW= nothing but micro cap bank/thrift M&A, just FYI. Not really a diversified financial services coverage group.
untrue @"pphi". Same building, different floors. Consolidated offices this summer. Miller Buckfire is still downtown though.
EAT is Electronics and Applied Tech. Very strong group within Stifel (legacy Wiesel). Tech is divided into EAT and software (also strong).
No telecom/media out of new york really... telecom/media is done out of a regional office.
For FIG, yes strongest in Depositories. But also have insurance, asset mgmt and diversified financial sub-verticals.
@nontargetPSD92 Thanks for clearing that up.
I always thought their FIG (KBW) was stronger than their Tech (EAT etc. / Weisel) group? According to a guy at my school who summered there recently, rankings in order are - FIG, HC (Cowen), EAT; thoughts?
Maybe I'm confusing Tech with EAT? Thought EAT fell under Tech?
Thanks!
Info. on Stifel? (Originally Posted: 02/08/2012)
Hi all,
I have done quite about of searching on Stifel here on WSO, but haven't found any updated or solid information. My questions are: *How are exit ops? *How does the firm compare relative to firms such as Piper, Houlihan, etc.? *Any input on the SA program?
Thanks in advance!
I was invited to the first super day that they had earlier this month. Unfortunately, I had a conflict with interviews so I couldn't make it. I've been in touch since with an associate who informed me of the super day this Friday. She mentioned logistical/informational emails were going out later today or tomorrow so you should know by then. I'll let you know when I get it.
Perhaps I should get in touch with my interviewer then. I had a first round phone last week...
1) Exit ops for what position? ER? Trading? Sales? 2) Stifel is top of class to my knowledge. 3) No, but I'm sure it is top notch as well.
I have 2 friends who work at stifel who have nothing but good things to say about it. I've also seen them commended numerous times for having the best ER analysts in the business.
Sorry I should have specified this is for IBD.
i assuming this is for banking...
They recruit on my campus and usually take a super solid candidate every year for SF office. I've only heard good things but only from people in ECM.
exit opps to buyside - not very good. need to lateral. same level as piper. below HLHZ and Jefferies.
Heard that one of their offices took 4 SA's last summer, and instead of extending offers, had them all come back for the superday. Think I remember hearing that 2 of the 4 received offers. Either way, pretty annoying if you ask me.
Also, their on-campus pitch was about the quality of their research, and how they leverage that to get on some of the bigger deals. But what this implies is that they would be co-managing on any big deals and not leading.
i know an associate there in IB, gets out by 7 every day, no weekends, took down around 250k all in 2010.
solid lifestyle, thats for sure
Thanks Guys!
Goodwill Gorilla do you know what office that was by chance? (or PM me if you don't want to say)
Thanks!
Is Stifel a good M&A Shop? (Originally Posted: 10/08/2013)
How are the exit opportunities?
I would wait a day If you haven't heard by then it may be a good idea to contact them
In this case, them giving me 3 days notice is a bit short, isn't it?
Is Stifel your weekly company that you are posting about?
Wow.
It's funny that you guys still post on this website after you have jobs...shouldn't you want to hangout with friends when you don't have to be working?
You do realize that people have downtime. Also, you should appreciate that they are on here, otherwise, it would be 100% college kids answering questions about firms and the industry....
If we didn't troll these forums and occasionally helped out, how would your dumb ass ever get any solid advice and reliable information? Fucking think before you speak.
lol yeah patronize and belittle the people actually helping, therefore you can get even more hopeless wannabe Freshman trolling the boards for validation
seriously though, how is Stifel m&a?
^ That last one made me laugh.
Stifel Nicolaus - Any information? (Originally Posted: 08/19/2008)
Does anyone know any information about Stifel Nicolaus? In particular their Philadelphia office? I would appreciate anything. Thanks
Well..... For the first super day (that I missed) I got the email Wednesday morning and the interview was for Friday morning.
Hours aren't too bad, I'm told. They are nobodys, though.
http://www.drmarkklein.blogspot.com/
Decent for research...
Used to be Legg Mason.
Based in St. Louis, the Philly unit tends to think the STL unit is a bunch of clowns.
Are there any reputable banks located in Philadelphia? Good places to start a career...
groups at Stifel (Originally Posted: 12/08/2015)
Does Stifel have product groups? or just industry groups? how many industry groups are there? which groups have great reputation?
The SF one is only for people interested in SF office. There is another one in NYC in two weeks.
Also interested in more info about Stifel
Stifel groups in NYC: KBW (FIG), HC, East Cost Software, Electronics & applied tech, Consumer Retail, Diversified Industrials, LevFin, and Gaming, Lodging & leisure.
Miller Buckfire office is separate.
Summer is generalist.
Everyone does a rotation of FIG (KBW) and rotates among a Stifel group.
In NYC: Best Culture: Diversified Industrials Best Dealflow: KBW, Healthcare, Electronics & Applied Tech Avoid: East Coast Software
However, 80% of their FIG dealflow comes from their depositories group most of which are bank/thrift M&A deals. Healthcare is mostly equity offerings.
Electronics & Applied tech is the most balanced group. It's a legacy Thomas Weisel group with really strong M&A and Capital Markets deal flow. However the hours are brutal. The group is also very technical and has great senior bankers.
Stifel continues to get after it (Originally Posted: 11/05/2012)
Stifel buys KBW for $575MM
http://dealbook.nytimes.com/2012/11/05/stifel-financial-to-buy-KBW-for-575-million/?smid=tw-nytimesdealbook&seid=auto
SF is the fastest growing investment bank by revenues on the street ... growing while all the big boys cut back.
Not sure what this does for SF if they don't integrate both firms into one brand, they said they'll operate as an independent subsidiary. Better to build a reputation under one name than be known for a bank that has a lot of subsidiary banking practices (i.e. KBW, Thomas Weisel, Miller Buckfire maybe)
I'd typically agree, but there's something to be said for KBW's name. They've built up a pretty solid reputation in their space, especially research.
Plus, I-banking M&A is notoriously tricky; I've heard the truism "one i-bank + i-ibank = one i-bank" tossed around. It's difficult to retain bankers through the uncertainty of a merger, and they're the bigger part of any value to a deal.
That said, this does lead us to another reason why they might operate KBW as an unconsolidated sub: less likely to scare away dealmakers, who might otherwise bounce to Sandler O'Neill or Macquarie FIG. Deferred equity-based comp is also being rolled into SF stock (instead of being cashed out), which should help with retention.
Was under the impression they were going to consolidate under the name S.N.W.M.B.K.B.W., no?
I am not sure what to think of SF's growth by acquisition strategy - pre-acquisition, I held Thomas Weisel in higher regard than Steifel. They were the old Montgomery team, and quite experienced. I haven't heard much coming from them since. I'm not sure this is due to low dealflow industry wide or troubles within the firm/
I will be interested to see how much talent leaves KBW over the next few weeks. I hope Stifel has provided the proper incentives for revenue producers to stay - it seems like IB acquisitions almost invariably result in some loss of talent. Given the aggressive acquisition strategy, the split between compensation / further acquisitions might not be favorable to KBW employees.
This is a great time to be poaching talent, if you have the funds. Any bank looking to build out it's FIG advisory/ER business should start making phone calls. Not to say Stifel is a bad place to work - but these transitions are a natural catalyst for people to exit the firm.
Interesting to see the effect on KBW's intensely loyal, culture, which one former employee described to me as cultlike, which was only entrenched after the adversity they faced on 9/11. Their FIG research is excellent and makes sense for Stifel as it competes for capital markets and trading business, the real question is how much mileage can they get out of the advisory franchise?
Stifel also bought out a small ibanking firm that does Pub Fin, located in park ave, earlier this year I believe or last year. They are growing but should have one brand, not so many different ones.
Anyone else get their superday cancelled due to the merger?
KBW or Stifel?
Curious as to which superday as well- was supposed to speak to an MD last week from KBW about possible SA role and unsure what this merger will mean for hiring/recruiting if anything at KBW.
Which location?
Aliquam aut et laborum dolorem sunt ipsam dolorum. Dolorum earum aut nihil illum et. Qui nobis excepturi et voluptatibus incidunt.
Maxime qui ea eveniet voluptates libero. Est quisquam molestias voluptas dignissimos eos ea quaerat. Facilis aut eius quis impedit molestiae assumenda. Aspernatur molestiae consequatur sequi ipsam recusandae.
Neque quis et sunt cupiditate sit facilis magnam. Dolore culpa enim ex nobis omnis et mollitia. Excepturi similique minima ab fugiat ad. Id omnis quasi dolor tempora. Ut quod inventore nemo.
Ea aliquam nihil corrupti reiciendis consequatur aliquam. Atque est est consequatur exercitationem voluptas et ut. Sed voluptatem voluptatibus voluptate aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Fugit repellendus qui molestias velit excepturi. Nesciunt a aspernatur exercitationem et eligendi quis. Omnis vel inventore id dolor voluptatem. Non molestiae harum expedita recusandae sit.
Voluptatem rerum ipsum quae porro. Ut officia nesciunt quaerat in nobis nisi itaque. Non perspiciatis et rerum debitis dolore.
Sequi qui dolorem eos quae aperiam ea et eos. Necessitatibus delectus earum nesciunt. Natus suscipit corporis voluptatibus magni provident et magni.
Voluptas cumque fugit illum perspiciatis. Laudantium beatae qui aut laudantium deserunt corporis iure voluptatem.
Quidem architecto magnam corporis sed inventore quos eos. Tempora consectetur et aut eius consequatur quia. Quas quaerat doloremque enim consequatur voluptas sed libero.
A sequi veritatis sapiente voluptas. Consequatur autem ipsam voluptatem est eos eum dolore. Nihil expedita nulla et accusamus numquam qui aut. Provident et ut sunt vel mollitia. Qui hic velit ut ut ut quo. Quae laborum deserunt quis optio. Sed alias sed est eum cumque.
Accusantium sit eum et. Ab aspernatur in at numquam. Alias impedit ut exercitationem odit porro aut qui. Modi est velit facere et. Ipsam accusantium aut quas ratione consequuntur quas.
Iure possimus distinctio aut fugit vitae eum. Ex officiis quisquam voluptatem. Eligendi aut deserunt est aliquid qui omnis quam. Quo eum magnam recusandae repellat. Delectus sunt exercitationem id. Porro adipisci consequuntur provident quas consequuntur.
Sit quasi dolor dolore qui qui. Veniam labore alias doloremque quo impedit itaque nam laboriosam. Dolores non quod culpa doloremque rem autem dicta commodi. Temporibus quasi quia voluptatem ab odit sapiente. Ut eos expedita tempora ut voluptas debitis.
Exercitationem magni exercitationem et rerum consequuntur dolorem nesciunt assumenda. Eum minima architecto voluptas libero. Architecto sed aliquid rerum minima veritatis et dolor et. Sunt aut voluptatem officiis fuga quo excepturi cum. Autem aut ad aut ut.
Magni vel aliquid ut quis non enim. Fugiat accusantium voluptates quia nihil.
Consequuntur unde expedita commodi. Nostrum qui tempore hic omnis tempora occaecati. Dolorem deserunt neque dolor odit explicabo.
Quia aperiam debitis qui similique aliquid. Et suscipit at aut vel quod. Excepturi non et sunt sequi. Quia iusto modi quas expedita voluptas ut. Nobis blanditiis qui eligendi deleniti incidunt consequuntur illum non. Suscipit qui asperiores voluptatum nihil.