Harris Williams?
CF
(Senior Baboon, 247
Points)
on 11/17/07 at 4:36pm
Anyone know about dealflow/reputation/etc. for the middle-market I-bank Harris Williams?





dealflow: Very good. 2/3
dealflow: Very good. 2/3 of their pitches turn into deals, and as an analyst only like 15-20% of your time will be spent on pitching. Pretty impressive if you ask me.
reputation: Tops in the middle-market.
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http://www.drmarkklein.blogspot.com/
Two-thirds Mark Klein?
Two-thirds Mark Klein? That's a pretty crazy success rate from what I've heard is normal for banks, even smaller ones that target specific types of deals.
They are a very
They are a very well-respected middle market bank. 2/3rd might be a little high but I heard it's above 50%...
I've heard you basically can
I've heard you basically can get into any 800mm of less PE fund after your time there
HW is an excellent choice if
HW is an excellent choice if you want to work in the middle market. It won't get you into KKR, but as waltersobchek said, you have an open invite to most PE shops.
CompBanker
Any idea on compensation?
Any idea on compensation? Comparable to bulge?
Base comp is around 55k-56k
Base comp is around 55k-56k - not sure on bonus, but I know it is below street generally. Trade off is Richmond is pretty damn cheap, although I didn't really like the city all that much.
Any idea how far below
Any idea how far below street the bonus is?
Also, any additional comp for San Francisco over Richmond?
like others have mentioned,
like others have mentioned, they're very well-respected in the middle market. they run very good processes and they're able to get some pretty rich valuations on their deals as a result. i know PE firms (mine included) talk about how tough it is to win a HW deal simply because the multiples are too rich, but i guess from an analyst's perspective, this is the type of work you want to be doing if you're looking to get into the middle market.
something to keep in mind at
something to keep in mind at the analyst level - it seems like they do primarily sellside M&A. while this is definitley helpful in the transition to PE, it doesn't sound like they do much or any buyside m&a at all. i'm still in school, but had offers from HW, and chose another bank primarily for this reason, as I felt that I could get more exposure to different products and whatnot.
Don't know much about the SF office, but the MDs/Directors in Richmond are actually really cool.
Comp
know a few people that work in the regional offices. base is 60k in sf and boston. bonuses last year and this year were slightly higher than street, believe it or not. hours also not as bad.
Worried
dealflow: Very good. 2/3 of their pitches turn into deals, and as an analyst only like 15-20% of your time will be spent on pitching. Pretty impressive if you ask me.
reputation: Tops in the middle-market.
Are you feeling alright? Is everything OK?
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Hahahaha
Hillarious. Mark Klein MD For Prez all da' wayyyyy
ideating and Alphaholic ...
ideating and Alphaholic ... Mark Klein's statement is actually pretty accurate. I know a lot of analysts at Harris Williams and they are almost never pitching.
CompBanker
I have a friend who went
I have a friend who went there this summer. Smart guy but he isn't all put together. He did aweful in BB interviews and I guess once all the competition was out of the market he got a job there. That's kind of how I see the place.
BB scraps
CompBanker
Shocking
CompBanker
Ha...
I know a few current and
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Once more into the breach, dear friends.
good info, Indeed. do you
I know PNC acquired Harris
Gorilla, if you take a look
CompBanker
Pretty sure all their
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Once more into the breach, dear friends.
Associate compensation
bump, I'm interested in any
know a few former analysts from hw
Deal flow is strong across
all sell side
Bad thing about HW is the
Read this: IDD