• Sharebar

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?

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Comments (49)

  • eiffeltowered's picture

    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)

  • wsofan2009's picture

    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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  • wsofan2009's picture

    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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  • dUcK's picture

    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..

  • DaCarez's picture

    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.

  • cupandhandle's picture

    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.

  • hungry's picture

    true? probably heard it from monkeyinasuit i can't remember

  • In reply to DaCarez
    wsofan2009's picture

    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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  • jerome123's picture

    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.

  • DaCarez's picture

    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.

  • interestedguy's picture

    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.

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  • jerome123's picture

    ^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.

  • monkeyinasuit's picture
  • Slaying Alpha's picture

    I spent some time in the Bay Area during my analyst/Pre-MBA PE days and have (what used to be) a good foothold in the westcoast banking/PE scene.

    For what it's worth, I'll give you my take on these type of firms (e.g. FT Partners)

    They are legitimate broker/dealer businesses that do sellside (maybe some buyside) advisory work. I used to do alot of undergrad recruiting at Morgan and alot of the Bay Area students (More Berkeley than Stanford) would have FT Partners, Rutberg Co., and a bunch of banks that no one has ever heard of on their resumes.

    In Morgan tech we had a summer who interned at FT Partners (I'm sure once he got MS he took that off his resume with Usain Bolt type quickness) and there internship program is literally filling in databases with customer information, making PIBS and all other types of administrative BS. However, I think you do some valuation work like spreading comps, absolutely no modeling from what I remember.

    Also someone pointed out that interns don't get paid, which is also true.

    I mean if you're an undergrad and can't get a BB offer (tiers1/2) then try for a 3rd tier like a wells fargo/jefferies or go 4th tier to a William Blair/Cowen/Thomas Weisel, try for something like FT Partners last. However, I'd rather do something else than sign a FT offer at a bucket shop. Even lateraling to a legit shop from FT partners is going to be tough unless the market is so blazing hot like in 2005-2007.

    Look i'll probably get 15 private messages hating on me, but this is my opinion. feel free to add yours.

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  • wsofan2009's picture

    Boy are you dellusional and gun jumping. For what it is worth, i actually WAS planning on contacting you a week ago to actually ask you what your opinion was and then checked into all your posts and figured out that your opinion would be worthless, so no one's targeting you my friend. And to your lame assertions, did you ever think that my brother was asked his SAT in the interview (as it was not on his resume) and also i asked him who brought up the wso comments and apparently the guy from ft partners did, so maybe you ought to stop being so paranoid and owned at the same time! I've never even heard of this place prior to a month ago and have zero reason to care or be associated / and could not care less about your opinion on it or any other topic for that matter from looking at all your posts, but it is worth spending the time to find the facts (positive and negitive) as others have from PMs coming my way about you.

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  • monkeyinasuit's picture
  • boutiquebank4life's picture

    I agree with Tech buyout for the most part but would like to add my own thoughts since I currently work in the Bay Area; about to finish my first year. FTP as a firm seems to get deals but one should ask about the salary and culture. One part I do disagree is the tiers, maybe WF was ranked that way back in Jan or '08 but a lot's changed now and it should be considered up there with lower BB's.

    The most important thing I picked out is that FTP seems to be very secretive about their pay structure. Can anyone shed some light on the bonus payouts and perceived hierarchy there? I don't even know how many bankers they have and I've been asking bankers around the Bay area who also have no idea.

  • wsofan2009's picture

    Again, I'm not shilling for FTP, believe me my paranoid little haters. But it does ring true that a lot of the info on here is B/S and the more I hear the more it seems to be just people making stuff up ... how could they pay only $10-30 bonus and low base. Aparently the base is $70k for first years and bonuses have been ABOVE GS / MS levels according to the VP. Again, this is coming from my brother who JUST interviewed there and not me first hand, but my brother does not lie to me like some anonomous would be bankers on this oard. Reading others' comments like jerome and cupandhandle and hungry (who specifically mentions monkeyinasuit's posts). We'll keep an eye on you now that you're the one that is soooo interested and likely the anti-shill negative poster kind of guy.

    And while I'm on the reading of these threads, I might as well comment on other points. I'm at a bulge in nyc (finally) and I know many many guys and gals at boutiques and it totally depends. There are good ones and not so good. You HAVE to do your homework, which aparently does not mean relying only on WSO, unfortunately for WSO.

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  • jerome123's picture

    these threads always crack me up! the internship program actually is paid, just not a lot. like 2-3k for 3 months or something like that? and not to give any credit to wsofan, but a quick search on these forums and its pretty obvious that monkeyinasuit is a hater on FT; he's entitled to his opinion but for a small firm he sure comes accross like a troll and hasn't made anything other than generic accusations. i've got a few pm's on ftp and there was a guy looking at a job there and aparently this guy was talking major trash. i know first hand several people that have worked there and they all said it was a tight culture including a guy that who left just last year to go PE. these theads are starting to get old. now i know why patrick introduced monkeyshit. might be time to start flinging a little! feel free to pm me if anyone wants more info.

  • wsofan2009's picture

    thanks jerome but i'm not looking for credit or to even help this firm <<< I've called several people out on these boards and its pretty obvious that the only troll on this particular string is monkeyinasuit ... I've got about 5 PMs friday and 2 today on this guy UNSOLICITED >>> and people seem to know his full name too and i've looked him up on linked in (hmmmm) and its clear he's a troll and his "friends" are even ratting him out to my pleasant surprise :)

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  • femtastic's picture

    I am a first and last time poster (most likely) but I am writing to simply help everyone on here and to finally hush all the FTP critics from someone "in the know". Many people on here seem to know nothing legitimate about the firm itself, especially the person that everyone's pointing at on this board monkeyinasuit (sorry monkey, but it is true that your posts are totally false based on my actual knowledge and experience, not guesswork or speculation). Here's the deal everyone and anyone that refutes this is simply calling themselves out as trolls, which will be interesting to see who is going to be predictable in pointing themselves out:

    1. Analysts are in fact paid fully in line or above the best and top paying i-banks, that includes base and bonus; period, end of discussion. Any notion of underpaying people is just false baloney.
    2. The intern program is in fact an unpaid internship with a bonus as Jerome stated; it is intended to give jobs to folks that simply don't have access to the bulge bracket (GS, MS, JPM, CS) and the firm has had literally probably 200 interns in the last 5 years many of whom loved FT Partners; and clearly people are mixing up the intern experience / pay with full time
    3. The MD/VP are all from major firms Goldman, Morgan Stanley, Credit Suisse. Enough said on that.
    4. Their offices are amongst the nicest I've ever seen, and yes I've seen them as I know multiple employees who love the firm
    5. Full of real hardworking people yes. Sweatshop it is not. The firm apparently works on only live deals and no pitches due to their reputation.

    I'm not one to spend time on these boards but someone pointed this thread out to me since I ihave first hand knowledge of the firm and I could not help myself. I suggest people listen to the facts here and find out for themselves. And the fact is that any and all of the B.S. on these posts is simply FALSE. Monkeysuit is only hurting his own WSO reputation and diminishing the value of this board for all of us and all the kids out there looking for real advice. Anyone having issues with any of this should PM me.

    !@#$%^&*()

  • femtastic's picture

    Ha ha that's funny but false. I'm sure he's got a LOT better things to do. But we know you don't obviously.

    Ahhh. I said I'd not likely post again, but since you begged me, I guess I will LOL!!! Being right is fun, so keep on with the comments.

    And as I think about it, even if it was Wong posting, you or anyone could just call him or anyone at the firm and get your answer straight up. And if it WERE (i) someone at the firm saying the place is great and pays well, then you would conclude that person must like the firm and it must be true or why would they say so. AND it would serve no one there any good to say they pay $X and then offer $Y, so get your head out of your ass. Especially Wong who is in HR. And if it WERE (ii) an ex-employee or friend of an employee they must have some good insight as well.

    Either way, the truth is above in my post and I suggest you go back and read it. If you want to say differently, go right ahead and hurt your own credibility.

    And Jerome123, thanks for your PM. Very interesting. We'll see what happens to him LOL!!!

    !@#$%^&*()

  • monkeyinasuit's picture
  • charlesbarclays's picture

    Wow, some interesting stuff on here but having never heard of this place is I literally just asked my Sr VP here in FIG (NY) and he said FT Partners is actually small but one of the best small boutiques and is working on a live deal with them right now. Neg posts on this do not make sense he says and seems to me its only really coming from the guy (gal w pink hair) being owned all over this board. Keep up the good work! LOLLLLLLLLL

  • Slaying Alpha's picture

    charlesbarclays - Member for 1 hour 20 min

    lol.

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  • Slaying Alpha's picture

    femtastic - Member for 4 hours 58 min

    lol again.

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  • 1styearBanker's picture

    Well you guys know me and having seen this thread develop, it's pretty clear to me that

    A: WSO obviously doesn't even have a fucking brother, he just works at FTP
    B: FTP sucks, would go to Piper over it, at least Piper has a decent name and it doesn't Canopy Financial shit up

    also charlesbarclay you write like a fucking retard so if your aim was to make FTP look horrible and full of illiterate retard worse-than-frat-boy fuckups then you succeeded.

  • Slaying Alpha's picture

    1styearBanker - haha, seriously i didn't really care until all this BS was being posted.

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  • In reply to 1styearBanker
    femtastic's picture

    1styearBanker:
    Well you guys know me and having seen this thread develop, it's pretty clear to me that

    A: WSO obviously doesn't even have a fucking brother, he just works at FTP
    B: FTP sucks, would go to Piper over it, at least Piper has a decent name and it doesn't Canopy Financial shit up

    also charlesbarclay you write like a fucking retard so if your aim was to make FTP look horrible and full of illiterate retard worse-than-frat-boy fuckups then you succeeded.

    You all obviously can not read as I said I was a first time poster and only took the time to post as reading all this BS was just too much. You boys need to chill. So, yeah, nice detective work.

    And if the poster works there that seems to make sense, that I agree with. So 1stYearBanker has something likely right. For the rest, it doesn't matter; the facts matter, which is why I posted. Bunch of people jabbering about this doesn't make them right, just looking like trolls themselves. You can disagree all you want, it does not change a thing.

    Also, for me, I'm headed out. Question is what are you fools doing at 9pm on a Saturday night playing around on WSO. Now that's funny.

    !@#$%^&*()

  • In reply to femtastic
    SirBankalot's picture

    femtastic:

    Also, for me, I'm headed out. Question is what are you fools doing at 9pm on a Saturday night playing around on WSO. Now that's funny.

    ...while you're at the FTP office doing your 110th hour of the week for a 10k bonus. Congrats.
  • femtastic's picture

    Ha ha if I i had some monkey shit to tosss I'd have some fun right now ... that was good. And I gotta go. See you at the clubs haters.

    !@#$%^&*()

  • 1styearBanker's picture

    9pm on saturday is a great time to post before going out. Will you be at Cain with A.J.? I'll see you there Miss.

    And seriously, vary your posting style a bit. It's like talking to a guy who hides behind his hands and expects you to play along.

  • interestedguy's picture

    gotta take a step back and ask the big question in this thread. is FTP a legit firm that will give decent experience? yes. Shuld it be your top choice in picking offers? No. Should you go there if you can't find another ibd job? yes.

    the analyst experience isn't the best, but it's a decent shop that will give you decent experience.

  • wsofan2009's picture

    Some seriously warped people on here with very unusual issues with this firm and it seems to take up a lot of their time. My take from YES, my brother, who is as real as ever believe me paranoid people: The place is legit as InterestedGuy, Jerome123, CupandHandle and many others point out that haven't opened up their accounts in the last 15 minutes // It is clear to me reading all this garbage that there are some young guys on here that must be envious of the firm's success even in the face of having a couple of probably 21-22 year old interns with nothing better to do posting negative sentiments (yes, I've got nothing better to do this evening and at least I'll admit it) // Seems the consensus is that they work their asses off on live deals and that's nothing out of the ordinary. And I seriously doubt anyone would do that for a $10k bonus; and the more people are going to say that the more no one is going to believe such overly negative posts anyway. I started to believe it when I first started surfing on this firm, but after a little investigation and PMs to me (including some not so friendly), it seems obvious as ever. I'd encourage anyone to do their own checking around, however, as I did and learn for yourself vs taking advice from anonymous posters.

    Also, I have to say this, but does PiperChiangAccent have a serious man-crush or what?

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