Piper Sandler underrated?

Am I missing something or is Piper Sandler severely underrated on this site?

They've done more deals in the MM space than anyone in the past year, but I rarely see them compared with WB/Baird

and no I do not work for them. 

Comments (9)

Most Helpful
  • Associate 1 in PE - Growth

It's right up there with those you name, totally group dependent as always. Blair & Baird for some reason have a fuckload of employees on WSO. I'm not sure what it is about those two midwest based banks, but they reallllllly like to try and differentiate themselves from other MM banks. Never head anyone else use the term "Upper" middle-market for IB, lol. 

So yeah, Piper Sandler, Harris Williams, Houlihan, Cowen, JEF, Macquarie, RBC, RayJay etc. are all just as good. It's all the same shit. They're reputable MM focused banks. They all have certain groups that punch above their weight class, compete with BBs and win lots of large engagements while also having some middling so-so groups. That's middle-market IB for you, there's nothing special about Blair or Baird. Piper's Healthcare & FIG groups are their standouts. For Baird it's Industrials, Blair is Tech-Enabled (I think), Houlihan is RX, Harris Williams is sell-side M&A, so on so forth. 

If you're comparing MM IB opportunities (or any IB opportunities) you really ought to do it through the lens of specific groups versus other groups instead of specific banks versus other banks. Everything is way more group / senior banker specific than it is bank specific. 

  • 13
  • Associate 1 in PE - LBOs

Worked WB/Baird one of these and completely agree - basically every one of these banks has one sector they're the leader in (Baird industrials, WB tech, Piper HC, etc) and the rest is all the same.

I think historically Blair and Baird were known to pay above street, have better culture, and treat employees better than their peers but i personally think all of that has changed in the past few years and I don't think that either of them are at all differentiated anymore

FrankAbagnale.Jr, what's your opinion? Comment below:

Totally anecdotal but I have a buddy there in the Chi office and he absolutely loves the culture- plus is getting good deal flow and (according to him) relatively good bonuses. Their stats seem to be good recently, so yeah definitely on an upward trend. Recent acquisitions have really bolstered them.

  • 2
  • Associate 1 in IB-M&A

Piper Sandler is stronger than both WB/Baird nowadays. Their recent inorganic growth has been insane I.e. DBO/Valence Group/TRS for tech/chemicals/RX. Like the first comment says, this site is filled with Blair and Baird bankers that are living in the 2000s. Would put Piper, houlihan, Jeff, RBC, Harris Williams, over both Blair and Baird. 

  • 4
  • 2
ULTRAMAGA, what's your opinion? Comment below:

Can't speak to their work. However, culture wise, everyone I met there has been a great guy that I'd be down to work with

  • VP in IB-M&A

Soluta minima sequi aut ut et. Veniam eum quia vero voluptatibus asperiores perspiciatis similique. Distinctio alias autem deserunt nam qui. Iste consequuntur nulla quasi error voluptatem voluptas. Nobis recusandae magnam et dolores. Ut minima itaque quod nemo ut.

Quisquam fugiat vel quis consequuntur optio. Neque et quas asperiores architecto similique eum aut. Eveniet voluptatem et dolores facilis tenetur et quod.

Sunt distinctio tempora nobis eum sit. Fuga quam rerum voluptatum sed minus iusto. Molestiae earum consequatur consequatur rerum. Qui esse necessitatibus laudantium quisquam.

Vel cupiditate optio repudiandae eius atque quae. Eum qui nobis consequatur necessitatibus voluptatem perspiciatis ut. Assumenda alias veritatis molestiae enim. Sit dolore sed blanditiis dolor quod. Nihil vel impedit est consectetur sit perspiciatis ratione. Unde iste facere illo doloremque. Qui modi iure ducimus voluptatem quia voluptatem.

Start Discussion

Career Advancement Opportunities

August 2023 Investment Banking

  • Lincoln International 01 99.6%
  • Jefferies & Company 01 99.1%
  • William Blair 13 98.7%
  • Lazard Freres (++) 98.2%
  • Financial Technology Partners 02 97.8%

Overall Employee Satisfaction

August 2023 Investment Banking

  • William Blair 04 99.5%
  • Lincoln International 11 99.1%
  • DC Advisory 05 98.6%
  • Canaccord Genuity 18 98.2%
  • Stephens Inc 11 97.7%

Professional Growth Opportunities

August 2023 Investment Banking

  • Lincoln International 01 99.6%
  • Jefferies & Company 01 99.1%
  • Financial Technology Partners 06 98.7%
  • Lazard Freres 15 98.2%
  • UBS AG 16 97.8%

Total Avg Compensation

August 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (32) $396
  • Associates (154) $260
  • 3rd+ Year Analyst (12) $195
  • 2nd Year Analyst (96) $169
  • 1st Year Analyst (299) $168
  • Intern/Summer Associate (48) $167
  • Intern/Summer Analyst (213) $94
16 IB Interviews Notes

"... there's no excuse to not take advantage of the resources out there available to you. Best value for your $ are the..."

From 10 rejections to 1 dream investment banking internship

"... I believe it was the single biggest reason why I ended up with an offer..."