quote from an analyst who just got laid off: "the partners themselves are running around trying to figure out what to do because there's no deals, nothing in the pipeline, no one is doing anything." Take that with the obvious grain of salt... but there is some obvious truth to that - there have been a lot of MM that have expanded greatly in the boom years that now have very little to do because the deals that do get done go to the more prestigious names like Lazard, Greenhill, HLHZ, William Blair (for a Chicago competitor), etc. Lincoln Partners is left to scrape the bottom and there's very little, if anything, to scrape at the moment.

 
youngmoney:
quote from an analyst who just got laid off: "the partners themselves are running around trying to figure out what to do because there's no deals, nothing in the pipeline, no one is doing anything." Take that with the obvious grain of salt... but there is some obvious truth to that - there have been a lot of MM that have expanded greatly in the boom years that now have very little to do because the deals that do get done go to the more prestigious names like Lazard, Greenhill, HLHZ, William Blair (for a Chicago competitor), etc. Lincoln Partners is left to scrape the bottom and there's very little, if anything, to scrape at the moment.

Lazard, Greenhill don't pitch for the same deals as Lincoln. While there maybe some truth to the fact that there are not a lot of deals getting done, your comparisons are a bit off. HLHZ, HW and William Blair are true competitors for Lincoln. All these firms are not in the same league as Lazard and Greenhill.

 

Lincoln is a very solid MM and has a good rep in its space. I had a friend in the Chicago office who loved it there and then went off to b- school. I don't the NY culture would be too different. Pay on par with street - at least when base was 70k.

 

I have to say, I loved the people at Lincoln in Chicago and I think it's a super solid shop. I ended up at a BB but had I received an offer from Lincoln I would've taken it purely for the people. I imagine NYC is the same.

"You rarely have time for everything you want in this life, so you need to make choices. And hopefully your choices can come from a deep sense of who you are." - Mister Rogers
 

Apparently like 95% + of their interns every year accept their return offers - pretty good for a MM bank Friend summered there and was raving about his experience and the culture

Exits are supposed to be very good as well - will probably not any MF PE since deal sizes are not similar at all but seems like they feed strongly into MM PE.

 
Best Response

While it seems like Lincoln has its heart in the right place, some of the Chicago office really put me off. During the lunches and pre-night dinner, I got the sense that things were not looking good. Many of the analysts talked about how a year ago, they were staffed on 2-3 deals at a time. Now, they were lucky to have one (some said they just put too many analysts on one deal). Of course, that's not very helpful, their deals are, as most have mentioned MM-focused, so they are not particularly intricate (just look at their tombstones. The deal sizes suggest no more than one analyst needed on any project).

Also got the sense Kate/Katie (point of contact for most interviews, believe she is an analyst), came off as very fake and rude throughout the process.

Again, decent shop. During the interviews they insisted the analysts go on to great PE shops and b-schools, almost selling that more than the deal team itself. Take that as you well.

Other notes:

  • in Chicago, you are assigned to a group of your choice, but the way the work breaks down, you will see a variety of industry deals. 70% of your group, 30% out
  • they have a work-abroad program where you can work in their European offices for 3-6 months, which seems cool enough

Hope that helps!

 

Well recognized institution with an international reach. While they don't carry precisely the same cache that HW&Co., Baird, Blair, or Jefferies does, they are very close behind. Don't think you'll go wrong if you're interested in the MM space.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Nostrum minima est neque omnis. Rerum iste consequatur quidem voluptas nobis sint.

 

Sit et tempora sed laborum eos magnam cumque. Quas consequatur sit nihil velit est eaque. Amet ipsa blanditiis qui et est debitis illum.

Laudantium at sed sequi reprehenderit quasi et fugiat. Et quam fuga praesentium ipsam accusantium. Rerum voluptas deleniti architecto quia iure ex. Neque minima nam quidem dolorum accusamus doloribus. Dolorem velit atque autem labore est in.

Ullam amet minima at beatae laborum. Mollitia atque qui eius quis omnis. Ut autem aliquam ad ipsum. Non eos voluptatum deserunt vero. Consequatur odio doloremque neque.

Exercitationem aut nihil quidem sed. Quas ex hic et repellat quis esse. Sunt neque quasi sit quaerat illo et omnis quisquam.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (85) $262
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (65) $168
  • 1st Year Analyst (198) $159
  • Intern/Summer Analyst (143) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
kanon's picture
kanon
98.9
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
Secyh62's picture
Secyh62
98.9
9
DrApeman's picture
DrApeman
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”