Stifel Reputation

Analyst 2 in IB - CB

Hey WSO,

Does anyone have any insight regarding Stifel, namely culture, best groups and firm trajectory?

I have a lateral interview coming up, and info is fairly old across the site.

Appreciate the help!

Comments (15)

  • Analyst 3+ in IB-M&A
Nov 8, 2019

If this is with their SF office, then please reconsider. That office is struggling a lot and has a not so great culture.

  • Manager in CorpDev
Nov 8, 2019

It depends on office.

My knowledge is a bit dated, but from memory, the NYC offices were solid for the most part (dependent on group of course) and the Baltimore Office is solid (Industrials Group is by far strongest in that office).

Stifel is a solid MM shop along with Baird, HW to name a few.

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    • 1
Nov 8, 2019

Stifel is on the lowest tier of MM banks.

Nowhere near a Jefferies, Blair, or Baird. Probably below a STRH / Truist or a Raymond James / Harris Williams type

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  • Analyst 2 in IB - CB
Nov 8, 2019

Op here, I understand they live in the lower middle market world. But are they a bad shop/not respected? I currently work at a large balance sheet bank without much culture in Corp banking.

I'm really just looking for a place where I can develop a technical skillset and be part of a good culture. Of course, I'm looking for exit ops, but I'm also considering b school and a career tangent, so I'm willing to sacrifice some prestige for lifestyle.

  • Analyst 2 in IB-M&A
Nov 10, 2019

Stifel did horribly last few years in terms of dealflow
Horribly

  • Analyst 3+ in HF - Other
Nov 9, 2019

Their fig team (kbw) is respectable, though not sure if that is a separate recruiting process

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  • Analyst 1 in IB-M&A
Nov 9, 2019

Be ready for a lot of pitches

  • Analyst 2 in IB-M&A
Nov 9, 2019

No credibility as an i-bank.

  • Intern in IB - Ind
Nov 21, 2019

Interviewed/talked to alumni there and from what I can tell they're on the same tier as banks like BMO, Baird, etc. in terms of deal flow/exits/quality of work. Just below Jeff, Blair, HL but above SunTrust, RJ. Have a good enough name to lateral to BB, EBs in the future if you work hard enoug

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Nov 21, 2019

You should offer a disclaimer that you're a stifel 2020 intern.

Nobody else in the world considers stifel anywhere near blair or Baird or Jefferies in terms of rep and quality

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  • Intern in IB - Ind
Nov 21, 2019

Admittedly I'm a little biased, but I was choosing between a couple of these banks just a month ago (most MMs recruit/resume drop at my school) but from what I've seen, people would take nycmm over chicago mm a majority of the time, and alumni in the past have took the stifel offer over many other banks you mentioned. Definitely not trying to argue or anything I'm not deep in the industry

Nov 21, 2019

Agreed.

Apr 18, 2020

The fact that you said Stifel is above Raymond James is just ridiculous. I have never seen a single Stifel person place into a reputable PE shop, whereas multiple at RJ have gone to a Mega-Fund (obviously not a regularity but still).

Stifel is at the lowest tier of any (somewhat) relevant bank. I would only place it above the no-name regional banks such as Cross-Key Capital in FL. It is a significant step below RJ / SunTrust / Truist / even KeyBanc and not even in the same league as a HL / Jeff / Blair / Baird. The students that have gone there from my mid-west semi-target state school have basically been the scraps that literally NO OTHER bank wanted any part of.

Even MillerBuckfire which was considered a top restructuring boutique went to shit after the acquisition and most of the top MD's and relevant analyst pipelines from top universities have left or faded.

With that being said, if you come from a completely non-target background and have a shitty GPA, and are willing to deal with a really shitty culture, hours, pitches, and no exit opps to PE, Stifel can provide you with the opportunity to lateral to a more relevant bank (BMO / Piper).

However, you most likely cannot lateral from a Stifel into a BB or to any relevant Boutique. You'd have to go Stifel --> BMO / Piper --> BB/EB

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  • Analyst 1 in IB - Ind
Nov 21, 2019

Would not put BMO with Baird. Isn't a Raymond James better than Stifel. Stifel does more ECM and less M&A

Nov 21, 2019
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