Financial technology partners
IB
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(Chimp, 5
Points)
on 12/18/09 at 12:08pm
saw a lot of posts on them and about their work style - they look like they have tremendous deal flow for such a small firm, but what makes them so unappealing? how is the work there any worse than other advisory firms?





use the search function
use the search function
.
I met some bankers from ftp and they passed the sniff test. They seemed down to earth and geniunely good guys. I can't speak too much to the culture or "work style" at ftp but you are right - they get killed on this site. Try searching the forum ... these were the first two results.
http://www.wallstreetoasis.com/forums/financial-te...
http://www.wallstreetoasis.com/forums/financial-te...
they do a lot of interesting
they do a lot of interesting deals (sin Canopy); lots of growth equity/advisory so you'd get exposure to the TAs/TCVs of the world. The only drawback is that as a lean boutique they seem to work their butts off even more so than other places...and they source some of their junior interns for free (but its the quid pro quo...work your butt off over the summer which gives you IB experience and places you ahead of most of your Haas/Stanford brethren in the eyes of the bulge bracket)
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Check out their site ... pretty freaking amazing flow / press
http://www.ftpartners.com/
http://www.ftpartners.com/news/index.cfm
http://www.ftpartners.com/transactions/index.cfm
Word is they are growing and hiring four first year analysts. My brother applied but his SAT scores were too low and he didn't make it past the first in person interviews. He said the people were very bright, clearly a hard working culture but the results seemed to speak for themselves. Said the people there laughed at all the neg comments on WSO as its all false and the firm is really nothing like many of the BS comments on WSO. I'm happy to put anyone in touch with my bro that interviewed there or you should check them out for yourself. Heard nothing but good things other than a few clearly purposeful detractors.
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As matter of fact
You look around on WSO for 5 minutes and it is basically "MonkeyInaSuit" that is seemingly for no reason starting all the neg comments on this firm. Clearly trying to paint them in a negative light. In fact, I bet this user will be banned at some point as is clearly hurting other users, not FT Partners who seems to be killing it out there. Now, let's all wait for this monkeyboy to chime in and get himself banned / slammed by those who seem to know a lot more relevant info about this firm.
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just my 2c, I know somebody
just my 2c, I know somebody who was an SA there and complained that the culture was broken and that this causes them candidate yield problems. However, yes it is true, they do a good business but I would recommend getting a close read on their culture. Talk to people who received offers, and ask why they accepted/rejected and how the firm treated them after that point..
yeah wsofan is a clear shill
One of the SAs in my class this summer (at a BB even) had worked at FTP last summer. They said it was a highly unpleasant experience.
I've researched FT Partners
I've researched FT Partners ad nauseum on this site and in talking with other bankers on the street (senior and analyst levels). The firm is solid and WSOfan is correct -- there are just a couple of intentional bashers on the site that seem to have no credibility and no recent facts. Just spending 5 min on their site and reading up on them shows you they are one of the best boutiques in the industry and they dominate in financial oriented tech cos. Selling companies to NYSE, Citi, RBS, Sage (these are all huge buyers) and deals with sizeable pricetags ($200 - $800 million). The banks has won tons of awards and according to one analyst: "no pitch work, only live deals and tons of ceo interaction and exposure to senior bankers/main guy". And have heard they are hiring 4 as well.
Sweatshop
true? probably heard it from monkeyinasuit i can't remember
^ a ftp troll?
^ a ftp troll?
Not sure where you get that impression dacarez
Maybe you ought to do more homework as his info is much more recent than some intern long time ago. Or maybe you are a shill. But either way, seems a lot of posts tend to talk about the intern program and not the firm's success. I'm just saying it is unlikely that a company can be so successful without having good people ... do the math.
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Blah blah blah.... same
Blah blah blah.... same people posing about FTP. I know several ex interns and a former FT analyst. They hire a ton of interns from berkley and they have a good rep at most of the business fraternities over there. Its not for the feignt of heart but its IB and has a lot of good exits and the FT guys are basicaly doing jr associate level work on multiple deals. All the guys I know (and 1 girl) that worked there all have top tier jobs including the former analyst who is now in PE at a top shop. Feel free to PM me if you want more details.
fair enough
That's fair, my insights are more to the intern program and not the firm. It's entirely possible to have a negative intern experience at a firm with strong dealflow.
i dont think anyone is
i dont think anyone is disputing that they do good deals. the criticism on this board is about the firm's culture - they dont respect their juniors, you'll often be doing bs work at long hours and low pay.
^Not sure where the low pay
^Not sure where the low pay comment is coming from; they guy i know was paid above market and took a paycut for his pe gig. Although the PE was not in a major city so maybe there was a cost of living factor. Still the comp there is at or above market. Internships are a whole other matter -- quid pro quo.
Sorry, did I hit too close to home?
I spent some time in the Bay
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Monkeyinasuit
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The time is now, seize the day ...
ironic
I agree with Tech buyout for
For what it is worth
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these threads always crack me
thanks jerome but i'm not
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I am a first and last time
!@#$%^&*()
Ha ha that's funny but false.
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I agree, I encourage people
Wow, some interesting stuff
If you're going to make 5
charlesbarclays - Member for
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Well you guys know me and
1styearBanker - haha,
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1styearBanker wrote: Well you
!@#$%^&*()
femtastic wrote: Also, for
Ha ha if I i had some monkey
!@#$%^&*()
9pm on saturday is a great
gotta take a step back and
Some seriously warped people
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wsofan2009, man-crush on who?
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Hey look, it's braveheart,
just chiming in here. I
did this firm get better
do they good exit ops? what
So has anyone actually ever
"Quote from a book/movie about wall street" - Main character in that movie.
bump
I have a business
Just seeing this thread is