Does anyone have any information regarding this company? What the culture is like, pay, interview questions? Any info would help as I couldn't find much information on the search/web. Thanks a lot.
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These guys were trying to get ahold of my boss recently, and he referred to them as the "scum of the earth." He did not elaborate, though, and I would not take this to mean anything whatsoever. In fact, just ignore this post.
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Any further insight into the culture at Meridian? Anything would be highly appreciated.
Tough shop. Very eat what you kill/individual silo mindset. Lots of rumors and innuendo about malfeasance and being willing to stretch the truth.
Very prolific producers and obviously extremely well connected deal-makers. They arrange something like $35B+ a year in financing. If you want to see a ton of deals and learn the business, this is a great place to learn how CRE works.
Elephant in the room is that unless you're the right kind of Jewish (as in not just a Jew, but of the right sect/denomination) you're walking an uphill climb if you're new to the business. Not that you won't get a chance, but plum assignments etc will be harder to get your hands on.
Thanks a lot emcee,
appreciate the insight - It seems like the cutthroat culture is their reputation. I know they close monster deals and lead the league in transaction volume each year which makes sense; has to be a shop where it's madness.
However, I wonder how they treat their analysts. I know they have a healthcare division so I was wondering how different analysts are treated versus an originator.
If you're hired on as an "analyst" there's no doubt you'll still be making cold calls. Meridian is a classic medium sized relationship debt broker. I did my years cold calling and pounding the pavement and I wouldn't trade it for anything but know that you are stepping into a cold calling sales position, not a run excel and put together pitch books positio. And when you go to interview with your next company they'll look at your resume and say "Oh, you work for those guys who call me all the fucking time, relentlessly" which can be a good or bad thing.
I get cold calls from young women on behalf of their boss all the time, even though they've been in my office, we've explained our system and where they may fit in, they forget or dont care and its back to weekly cold calls.
Also as another has hinted unless you're part of the "hat" community you're not going to fit in there. A colleague at another company has aptly named them the Jewish Mafia. They almost exclusively draw their business from "the community."
Personally unless you need a job and have no other alternatives I would avoid.
Know an MD from yeaes ago so take with a grain of salt.
Hours 70-80ish... LMM M&A so very culture heavy fit (from what interviewees have told me) but no info on culture.
Comp somewhere around 65k with 25k bonus
I....think you might be thinking of the wrong company. Meridian is not in the M&A business.
Meridian Capital Group != Meridian Capital LLC (The one you're thinking of)
It's the marcus and millichap of debt, think of it that way.
LOL thats a very accurate way to describe them.
Maybe culture wise but from a business and deal perspective they do pretty large transactions.
They have good relationships with the large institutional banks such as GS and Cap One..
Sure, M&M dosome big one-off deals and have a handful of impressive relationships...but they are not that great holistically.
They look like they're a boutique investment sales and debt/equity brokerage shop that focuses on NYC. On their website it says that they closed 3,500 loans totaling $37 billion in 2018. That comes out to $11 million as their average loan size.
guarantee their "average" read median loan size is in the 1-5 million space
You’re probably right. This definitely isn’t the shop to go to if you’re expecting to be working on $50-100+ million financing transactions.
Working at Meridian is where careers go to die. These guys procure debt for the slumlords of NY - it might be profitable, but it's very un-sexy. Their typical debt package is a 2-pager consisting of a rent roll and a lofty "in-place" CF, mostly for 5-20 unit multifamily properties. Zero analysis beyond that. They occasionally will rep a decent office deal or two b/c of their client relationships. Unless you know an institutional RE family you can bring in the door, you'll never get paid and will hate it there.
Why do you say this? Who gave you this intel out of curiosity.
They had a healthcareanalyst gigs open up recently. You think that role is good?
Yeah I have seen the 2 pagers too, like wtf is that. I first thought those were teasers and we will get the full package later, but thats all we got. Also, I suspect they must earn like 5-25 bps, nothing more than that I think. Can anybody confirm? Are they like a low fee high volume shop
They take market fees but like all things negotiable depending on how much work the particular broker needs to do. They are high volume because the pound the pavement relentlessly in the mid to low market space. Think Massey Knakal before being bought.
For what it's worth, a friend of mine works there. He is very much a grinder/hustler, but he's not Jewish and he went to business school at a great program. I know nothing about their culture (other than he's not allowed to work on Jewish holy days) but he's done very well for himself without being part of the tribe.
Not Jewish working at meridian?
He may be the only one - I have no idea - but I can confirm
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