IBD hasn't been doing too much, but hired a great mid-market banker to head up their M&A, maybe see some business going their way in the mid market space.
IBD hasn't been doing too much, but hired a great mid-market banker to head up their M&A, maybe see some business going their way in the mid market space.
So would you say their M&A might be a decent place to work?
So what exactly would valuation, fairness opinions, etc. entail? Wouldn't it essentially be building models the same way an analyst would? Also, what kind of hours could you expect at a place like Duff & Phelps, that isn't so heavy into IB.
Well there are distinct departments within Duff & Phelps. There is an IB department that does some private placement work, but it represents only about 20% of Duff & Phelps. Much of the IB department only came to the firm last year when Duff & Phelps acquired a small IB boutique called Chanin Capital Partners.
The other 80% of the firm is involved with business valuation consulting. They advises clients on issues such as financial reporting requirements and valuations of intangible assets. Hours in the B-Val group are easier than IB.
Well there are distinct departments within Duff & Phelps. There is an IB department that does some private placement work, but it represents only about 20% of Duff & Phelps. Much of the IB department only came to the firm last year when Duff & Phelps acquired a small IB boutique called Chanin Capital Partners.
Is the IB dept in one particular city or spread throughout the country? I am interested in both the IB and Val groups but I don't want to ask about IB in an office that is purely Val.
You will still do a tremendous amount of DCF valuation in Duff and Phelps valuation group as well as comparable company analysis. They are the largest private valuation companies I believe, and are very good in this niche. You can get great exposure to valuation. The hours are not as bad as banking, but you will still put a good amount in.
I know an alumni (go to non-target in Midwest) that worked there. He didn't like it and moved on after a year or so. He lateraled to another bank called W.Y. Campbell. He didn't like the culture and said the deal flow was pretty bad. He worked in their IBD.
A friend once said "You work like a banker and get paid like an accountant" at D&P
"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
Does anyone have new information about this company?
I know that it is a company driven around valuation, but any thoughts about their investment banking arm? Any info would be appreciated.
Working for them this summer. The people I met and interviewed with were generally very nice and relaxed people. As for reputation? Quite lacking, but it doesn't bother me much.
I'll be glad to discuss them more once I start working for them.
I'm really not sure whether their recruiting cycle is over for the summer, but my guess would be that it is. But hell, give it a shot anyways. Where are you looking to work? I know their Philadelphia (my office) is done, but hiring additional people via networking isn't unheard of (my friend helped his non-target friend get CSTMT in San Francisco a while after he got his own offer).
Much better lifestyle than HLHZ... which is their most direct competitor. Base salaries are similar to IB. Bonuses are not. Although bonuses are better than Big 4 valuation or transaction services, but significantly less than IB. Also, D&P is known to fast promote talented people...
anyone care to comment on the exits of D&P's valuation group? I've heard that it really just depends how you spin the experience, which for the most part seems to parallel ibd, minus the prestige/recognition.
i am also interested in DP, specifically the business valuation group. Anyone know of comparable valuation shops to DP, other than HLHZ? I'm thinking about getting a gig in valuation b/c the work seems interesting and hours are a lot less.
Avg hours are 60 a week or so, expect base salary of ~60K. Can't tell you about bonus structure because I don't know. Spend a couple of years and you will develop very strong modeling skills, no question.
shouldn't you be studying xeno? >Management Planning Inc. is a small shop in Princeton. Wealth and Tax Advisory Services (WTAS) is a small branch of HSBC (spinning out this winter I believe) that also does everything a Big 4 does besides auditing.
The Big 4 all have in-house valuation/due diligence branches.. called Transactional Services. (Accounting/M&A/Financial Due Diligence)
Anybody has any knowledge about their summer analyst recruiting timeline? I've been contacting the HR, and she says to wait for the position to be posted online.
Anyone know anything about duff and phelps? I did a search and threads were back from 2007. Anyone know anything about their deal flow, comp, hours, and exit ops?
On Bloomberg's global M&A league tables, Duff and Phelps is credited with 4 deals so far this year. 3 of those are fairness opinions, the other had a total deal value of $2.6 million.
Every news item they have is about some employee being quoted in an article or appearing at a conference, as opposed to any actual deal-related work. Most of their work is more analogous to what the Big 4 do in their various transaction advisory groups. When I was in valuation at the Big 4 we regularly pitched against D&P or reviewed their work for audit clients; on several occasions we found pretty significant technical errors in their work.
There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
Does anyone else think Duff Man, the Duff Beer guy from The Simpsons when they hear Duff & Phelps? Just me.
Actually interviewed with them last year. Typical lower middle-market chip on the shoulder attitude, bragging about this deal and that deal. I mean didn't get the offer so congrats, but still, didn't like like the overcompensating attitude from the team I met with.
But your case may be different so good luck man.
Ace all your PE interview questions with the WSO Private Equity Prep Pack: http://www.wallstreetoasis.com/guide/private-equity-interview-prep-questions
What is the valuation and or Dispute Consulting reputation. Notice them popping up on Linkedin a lot. Are they legit roles for non targets looking to get a start and eventually go the B-School route? Is it a FO type of role?
The job is legit, and you will be able to pickup some modeling skills. Lots of analysts leave to go IB, etc. However, it's up to you to create the transition. If you failed at OCR this job will not really help you as a stepping stone as say someone coming from Big 4 Audit who needs to modeling skills, etc.
It wouldn't make sense for them to transfer you internally. Turnover for new analysts averages about 1.5 years and you become profitable for them at about 6-12 months, depending on how much you suck.
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reminds me of a beer every time i hear the name.
i know they do pretty small deals
It reminds me of a copper company!
very incorrect. work with some of the largest firms in the nation and you will get exposure to large clients (auditing and reviewing models)
Haha, like Duff Man from the Simpsons, eh?
Their IBD is really shitty.
This company was at my college career day. I was going to post if anyone had heard about it
IBD hasn't been doing too much, but hired a great mid-market banker to head up their M&A, maybe see some business going their way in the mid market space.
So would you say their M&A might be a decent place to work?
Rough Draft 1) Bulge Bracket/tier 1 boutique 2) Wannabe Bulge/Reputable Mid market (i.e. Banc of America, Wachovia, Piper, Sg Cowen, HLHZ, Bear, DB) 3)Semi reputable Mid market (i.e. Thomas Weisel, Montgomery Company, Savvian, Revolution Partners, HSBC, Peter J Solomon, Needham, SVB Alliant, WR Hambrecht, etc.) 4) Duff would fall here...
lasd
Their IBD doesn't do much, and is a pretty small part of the company. They mostly do business valuation consulting.
I had an offer from their LA office, but even interviewing was a waste of time.
So what exactly would valuation, fairness opinions, etc. entail? Wouldn't it essentially be building models the same way an analyst would? Also, what kind of hours could you expect at a place like Duff & Phelps, that isn't so heavy into IB.
Well there are distinct departments within Duff & Phelps. There is an IB department that does some private placement work, but it represents only about 20% of Duff & Phelps. Much of the IB department only came to the firm last year when Duff & Phelps acquired a small IB boutique called Chanin Capital Partners.
The other 80% of the firm is involved with business valuation consulting. They advises clients on issues such as financial reporting requirements and valuations of intangible assets. Hours in the B-Val group are easier than IB.
Is the IB dept in one particular city or spread throughout the country? I am interested in both the IB and Val groups but I don't want to ask about IB in an office that is purely Val.
So that would really be more along the lines of accounting than something like DCF valuation?
You will still do a tremendous amount of DCF valuation in Duff and Phelps valuation group as well as comparable company analysis. They are the largest private valuation companies I believe, and are very good in this niche. You can get great exposure to valuation. The hours are not as bad as banking, but you will still put a good amount in.
I know an alumni (go to non-target in Midwest) that worked there. He didn't like it and moved on after a year or so. He lateraled to another bank called W.Y. Campbell. He didn't like the culture and said the deal flow was pretty bad. He worked in their IBD.
how is the pay in d&p's valuation advisory?
how is the pay in d&p's valuation advisory?
I have a friend who just started last year. I believe she got $57k base. Bonus potential is pretty negligibile compared to Street numbers.
A friend once said "You work like a banker and get paid like an accountant" at D&P
below street
Duff & Phelps - Any info? (Originally Posted: 11/17/2006)
Anyone info of them?
General knowledge or are you interested in a specific functional area?
Just General Knowledge.
Does anyone have new information about this company? I know that it is a company driven around valuation, but any thoughts about their investment banking arm? Any info would be appreciated.
Duff & Phelps - Anything helpful? (Originally Posted: 04/18/2007)
I'd like to know more about Duff & Phelps, can anyone help?
What kind of reputation do they have?
What is the culture like?
Anything helpful...
Thank you kindly
Working for them this summer. The people I met and interviewed with were generally very nice and relaxed people. As for reputation? Quite lacking, but it doesn't bother me much.
I'll be glad to discuss them more once I start working for them.
Are they still taking summers?
I'm really not sure whether their recruiting cycle is over for the summer, but my guess would be that it is. But hell, give it a shot anyways. Where are you looking to work? I know their Philadelphia (my office) is done, but hiring additional people via networking isn't unheard of (my friend helped his non-target friend get CS TMT in San Francisco a while after he got his own offer).
Duff & Phelps - Salary and lifestyle (Originally Posted: 11/13/2007)
Anyone know anything about their salary + bonus and lifestyle?
Much better lifestyle than HLHZ... which is their most direct competitor. Base salaries are similar to IB. Bonuses are not. Although bonuses are better than Big 4 valuation or transaction services, but significantly less than IB. Also, D&P is known to fast promote talented people...
anyone care to comment on the exits of D&P's valuation group? I've heard that it really just depends how you spin the experience, which for the most part seems to parallel ibd, minus the prestige/recognition.
I'm also interested in exit options... IBD? Equity research? PE?
As for the salary and bonus... can anybody sheed some light on base and bonus ranges for Analysts and Associates?
Duff + Phelps - If anyone works there? (Originally Posted: 12/08/2007)
If anyone works there could they pm me?
thanks in advance
i am also interested in DP, specifically the business valuation group. Anyone know of comparable valuation shops to DP, other than HLHZ? I'm thinking about getting a gig in valuation b/c the work seems interesting and hours are a lot less.
also interested...any input?
Avg hours are 60 a week or so, expect base salary of ~60K. Can't tell you about bonus structure because I don't know. Spend a couple of years and you will develop very strong modeling skills, no question.
shouldn't you be studying xeno? >Management Planning Inc. is a small shop in Princeton. Wealth and Tax Advisory Services (WTAS) is a small branch of HSBC (spinning out this winter I believe) that also does everything a Big 4 does besides auditing.
The Big 4 all have in-house valuation/due diligence branches.. called Transactional Services. (Accounting/M&A/Financial Due Diligence)
How well will a stint at Duff and Phelps as an analyst place into the top business schools assuming a top 40 undergrad (non target) with a 3.73 gpa?
other comparable shops include Lincoln International and Imperial as well as the Big 4 mentioned above
Duffy & Phelps? (Originally Posted: 01/30/2010)
Anyone heard of Duffy & Phelps? What's their reputation like?
they love drinking Duff !
valuation firm, not really an investment bank (though they do have a tiny banking division)
basically doing fairness opinions and valuations of assets in conformity with fas 141 and 142
Well, no, Duffy and Phelps is not a valuation firm, nor are they an investment bank.
I can only assume you were referring to Duff and Phelps, in which case the above is accurate.
I wonder if the internet has heard of them?
I work in valuation at a competitor to D&P and I am not impressed by their work.
i second that.
Anybody has any knowledge about their summer analyst recruiting timeline? I've been contacting the HR, and she says to wait for the position to be posted online.
Duff and Phelps (Originally Posted: 10/03/2011)
Anyone know anything about duff and phelps? I did a search and threads were back from 2007. Anyone know anything about their deal flow, comp, hours, and exit ops?
Thanks
On Bloomberg's global M&A league tables, Duff and Phelps is credited with 4 deals so far this year. 3 of those are fairness opinions, the other had a total deal value of $2.6 million.
Every news item they have is about some employee being quoted in an article or appearing at a conference, as opposed to any actual deal-related work. Most of their work is more analogous to what the Big 4 do in their various transaction advisory groups. When I was in valuation at the Big 4 we regularly pitched against D&P or reviewed their work for audit clients; on several occasions we found pretty significant technical errors in their work.
Base: $70K
Don't know about anything else, that's for the IBD division. I think the other divisions are lower in pay.
Does anyone else think Duff Man, the Duff Beer guy from The Simpsons when they hear Duff & Phelps? Just me.
Actually interviewed with them last year. Typical lower middle-market chip on the shoulder attitude, bragging about this deal and that deal. I mean didn't get the offer so congrats, but still, didn't like like the overcompensating attitude from the team I met with.
But your case may be different so good luck man.
no exit opps
Duff & phelps - Valuation and consulting reputation (Originally Posted: 11/26/2013)
What is the valuation and or Dispute Consulting reputation. Notice them popping up on Linkedin a lot. Are they legit roles for non targets looking to get a start and eventually go the B-School route? Is it a FO type of role?
The job is legit, and you will be able to pickup some modeling skills. Lots of analysts leave to go IB, etc. However, it's up to you to create the transition. If you failed at OCR this job will not really help you as a stepping stone as say someone coming from Big 4 Audit who needs to modeling skills, etc.
Im from a non-target with a near perfect GPA, just got into banking late.
Wonder if they have good internal movement to the IB from valuation or dispute consulting
It wouldn't make sense for them to transfer you internally. Turnover for new analysts averages about 1.5 years and you become profitable for them at about 6-12 months, depending on how much you suck.
Duff & phelps culture (Originally Posted: 05/09/2014)
Anyone have any idea what the culture is like? NYC office. Dress code in specific?
sombreros are popular
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Eos corporis fuga non sunt doloremque. Perferendis minima molestias commodi. Dignissimos amet eum reiciendis voluptas veritatis ut ut.
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