BNP Paribas NY M&A
Does anybody have any color on this group? Might have an opportunity to lateral from another MM (Not Baird/HL/HW/Lincoln).
I understand they have a stronger lev fin/financial sponsors group but given the size of their balance sheet, I would expect some form of MM deal flow at minimum.
Are analysts getting deal reps or is it like Truist where they pitch all day?
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If you’re already at a MM bank I don’t think the incremental benefit makes sense (assuming you’re fine with current comp and culture). Maybe it’s just the sector I’m
in but I don’t think I’ve ever baked off against BNP for M&A mandates; only seen them in debt and equity deals.
Bump - incoming SA for NY M&A and would like to know more about group
Have you heard anything about the hrs? Incoming SA in a different group.
Heard it can be pretty sweaty, associate mentioned 9AM-12AM type beat
That's good for experience. I heard a while back that hrs were capped so glad to hear it's not closer to the 40-60hr mark.
Am I missing something here?
What's sweaty about a midnight finish in banking?
Maybe the associate but I have 3 friends there at the analyst level (one of which just joined recently) that pull way more hours than that - basically a sweatshop (I could be wrong but that's what they tell me all the time).
Apparently, most of their mandates are European companies (either targets of US buyers or buyers of US targets... makes sense as it is a French bank).
Solid deal flow and mandates (good mix between sell sides and buy sides) but a lot of pitches from what I gather.
The M&A group in NY is also North American focused and seems to be split into groups - used to be structured under a generalist model up until earlier this year and is now broken down via industries so... Industrials (largest group and split into different verticals... A&D, services, tech, cap goods, chemicals, building materials, etc. Very sweaty), Energy & Renewables (very lean), Healthcare (very lean), and Consumers (very lean).
I heard that it's a nice culture with a boutique feel but then again, I also heard that they are quick to fire people as well (which makes sense since it's a French bank).
Pay I hear is pretty shit relative to competitors (AN 1 base starts at $100K; AS 1 base starts at $175K which is pretty standard for the street so they could be talking about bonuses).
Bump
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