Taking an offer at Cantor Fitzgerald

I'm a junior and my only current SA offers are PwC valuation and Cantor Fitzgerald investment banking. I'm still in talks with some BB's and EB's but if I don't get anything else, I just want to get a sense of how good/bad it would be to take it? There's nothing recent here about Cantor.

I don't care about work life or pay or any of that stuff, my goal would be to lateral to a top BB or EB, ideally after graduation or otherwise after a year at Cantor. How difficult would this be? Anyone who works at Cantor currently can talk about how easy/hard it is for analysts to lateral? Thanks

 
Best Response

Depends what you want long term. Cantor has a bro-heavy culture, and they don't have a good track record of developing talent within the organization--their big name players tend to parachute in from stellar careers elsewhere on the street after they have a fall from grace. The training program has, um, lots of room for improvement relative to a BB. To make the move, deal experience and exposure is really the key thing you want, so make sure you're getting some mileage for all the pitching you'll likely do. I wouldn't discount the culture too--ultimately at BBs that's what will make or break you

That said, if you're scrappy then you might also fit in well. It's a place where a lot of people have a chip on their shoulder and it adds to the work ethic. While Big 4 might be a good place to hone your technicals, those are really only relevant in an M&A team. But on a sheer numbers basis, there's more BB spots on industry coverage teams, where it's a mix of sector focus and execution experience that's going to get you a job. And speaking of that, Cantor does have a pretty solid reputation in healthcare IB.

Feel free to PM me if you want more color

 

Try and get into their Healthcare group if you can. Now run by Sage Kelly (single handedly built the HC practice at Jefferies). They're probably in a super intense pitching stage to build out the business, but you'll be working under one of the best.

 

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