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  • Writer's pictureJosh Rovner

Why Stephens for Investment Banking? / Overview of Stephens

If you're interested in breaking into finance, check out our Private Equity Course and Investment Banking Course, which help thousands of candidates land top jobs every year.


Stephens is a family-owned global boutique investment bank with additional services in insurance, sales and trading, research, wealth management, and public finance among others. Stephens was founded by Jackson T. Stephens and is currently run by his son, Warren Stephens. Stephens is based on Little Rock, Arkansas and is famous for advising Wal-Mart on its IPO in the 70s.

Stephens added three senior executives to its Financial Institutions Group in August 2022, signaling an increasing focus on the sector.

Stephens Overview

Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with Stephens, you should make sure you know:

  • 1 deal that the investment banking group has done

  • 1 person at the firm (ideally someone who would have influence over your recruiting process)

  • 1 business model-specific detail to mention

We articulate how you can answer this question thoughtfully in our Investment Banking Course. We also cover all technical and qualitative information you need to get a top investment banking offer.

Big 3 Qualitative Questions

Selected Transaction

Stephens acted as the sole financial advisor to SPAC firm Executive Network Partnering during its merger with Grey Rock Investment Partners. The resulting firm will look to acquire a company in the natural resources space.

  • Transaction Description: Grey Rock Investment Partners entered into a definitive agreement to acquire Executive Network Partnering Corporation (NYSE:ENPC) in a reverse merger transaction. The transaction shall result in the formation of publicly traded Granite Ridge Resources, Inc. to be listed on the NYSE under the ticker symbol “GRNT”.

  • Transaction Value: US$1.3B

  • Transaction Date: Announced May 2022

  • Press Release

Stephens Transaction

Fact Sheet

Stephens Logo

  • Company Name: Stephens

  • Description: Stephens offers investment banking and advisory services, research, sales and trading, asset management, public finance, insurance, wealth management, private capital, and family office services rooted in a deep client focus, sector knowledge, and a commitment to research

  • Bank Category: Boutique

  • Company Status: Stephens is not publicly traded

  • Founded: 1933

  • Employees: 1,200

  • Chief Executive Officer: Warren Stephens

  • Headquarters: Little Rock, USA


Stephens Glassdoor

Neither the H1B Database nor Glassdoor has salary information for Stephens.


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