Culture Issues AND Boring Work PLEASE Stay Away From This MM (actually LMM) Industry Boutique

Work at a "middle market" but actually lower middle market niche industry boutique. Let's just say it is was a controversial firm with ALOT of hype on this site a year or so ago.

Hopefully that helps.

I am grateful for the opportunity and its a privilege to be in my position but I wanted come on here and reiterate to all those recruiting how important culture actually is.

Every day I was forced to wake up to someone telling me my rectangular shapes on a slide are .01 different on PPT and that | needed to do better since "it looks bad". I understand hazing, and finance work culture but we aren't Goldman, we are a okay bank that got started in the right industry at the right time.

We had "protected" saturdays that are never respected. People calling me on a Saturday asking for non-deal related work due Sunday morning. Analyst 2s are supposed to be helpful and be mentors, but they do nothing but bully, ask us rhetorical questions, and talk bad behind our back to seniors. I've been on zoom watching my former Associate Il+ do their work till 4am for no reason. Multiple times we heard rumors of them directly going to VP/Director and making up stories of things that never happened. We were chronically understaffed at the VP/Director level, and so we get yelled at when things are late but its late because they didn't review it for a week, but somehow that is our fault. Worst part is this wasn't how it was during SA because the analysts at the time (now have left) shielded us from it.

Fine the culture is bad. I could have dealt with it if I was absorbing MASSIVE amounts of information. but I learned nothing but a couple excel shortcuts and how to have severe OCD on things that do not matter like writing 4pm instead of 4:00pm. This is also because the deal flow was complete BS transactions with 0 critical thinking. Just copy and paste jobs. 

I don't want to complain more, but simply when you're doing an SA make sure to look for red flags. If something seems off it most likely is. Culture is important no matter what anyone says and it can vary by office. i.e. I have heard great things about other locations. 

I left this place yesterday for another bank and can’t wait to never see these people again. I don’t want to out myself but if you know what shop I am talking about DO not work here.

 
Most Helpful

Man I’m so jealous of you, I don’t even have a job, was recently laid off from fp&a after being a manager for 10+ years in my position and replaced by my MBA associate who I hired many moons ago and she’s 8 years younger than I am. My group didn’t even give me severance because it was a performance related firing so I’m on constant TILT now 

 

Damn what... someone 8 years younger than you took your job? How good was she?

 

Hahah I often see these types on LinkedIn. Like “vp - 5 years company A. 1 year gap. Vp - 3 years company B. 1 year gap. Vp- 12 years company C etc.” 

I guess it’s a cool sounding title. Sounds more senior than being a director somehow 

 

Sounds like svb leerink, my buddy quit last year and heard similar things. 

 

In dicta voluptatem rerum magnam. Est culpa iure at laboriosam sit deserunt. Et est animi rerum sit similique est. Delectus et consequatur quaerat error.

 

Ratione dolorum nisi aut est autem cupiditate. Autem molestias repellendus et rerum perspiciatis exercitationem delectus. Atque molestias omnis consequatur et vitae.

Molestias est dicta eos perferendis inventore distinctio dolorum. Ut eos labore consequatur facere magni modi. Et sed deleniti accusantium a numquam in exercitationem. Odio quia sit minima a facilis sed. Magni praesentium in est eum maxime. Rerum enim quisquam deleniti quaerat. Maiores quia dolorum aut suscipit laboriosam necessitatibus dignissimos.

Ex suscipit quaerat nihil eos impedit laboriosam. Inventore et minus molestiae ea et. Itaque assumenda quis neque aspernatur alias aut nulla culpa.

Quaerat doloremque quia sint aut adipisci rerum optio. Est rerum expedita quibusdam ut.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (92) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
notes
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...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

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