Looking at Portage Point for RX Consulting Director -> Insights?
Quoted 820k TC, with the possibility of amounts north of that, which seems pretty good. Haven't heard much about them anywhere, including on other sites, so thought of posting on here. Basically would value any insights on their culture, any recent deals, WLB, etc, by anyone with any interaction / knowledge of them.
*This is for their T&R practice, not their IB practice
Lol looks like not many people know much about the firm, I'll give my 2 cents. First off, they're known for paying ridiculously well, so I wouldn't worry about comp at all (even the 820k you've quoted rivals many BB IB firms at similar levels).
Second, they've got really strong growth, and the quality of their new senior hires speaks to that, a bunch from PE, IB, other RX consulting firms etc. That's a good look for anyone thinking of joining. As far as culture, given they're a growing firm, it’s an entrepreneurial environment. Leaner teams, lots of responsibility, and less bureaucracy than at the larger firms. If you're coming from a place with more structure, it could be a bit of an adjustment, but for someone who thrives with autonomy and wants to build, it can be a good fit. Not exactly lifestyle consulting though, WLB varies a lot depending on live deals and staffing, and like most RX shops, it can spike quickly.
They're pretty opaque when it comes to deals, but some notable ones are Auto Plus & Pep Boys, Nogin etc. Mostly firms in automotive, energy, consumer retail, and industrials. Overall, a rlly good shop.
They cited $300K as a "baseline" for senior associate assuming 55 hours billed per week @ 440 / hr and a 26% take rate. You seem to know a bit about this, assuming this is pretty doable for someone at that level of seniority? And if you really kill yourself I can see the math getting pretty interesting and approaching the $400K mark.
Haven't personally met any associates at the firm, but yes the math does work out, and yes that's pretty doable. I'd suspect that associates would make more than that in reality, as like you mentioned, $400k is an achievable number (if you sell your soul to the job), and the firm does seem to attract people who would try to achieve those amounts
I assume 820k is the top of their comp range, I am pretty sure I have seen this number on a LinkedIn job post. I also assume you are coming from another turnaround/Rx firm, so you probably know this, but in order to achieve that level of comp you would likely need to be working IB type hours with 90-100 percent travel for the year. There won’t be much WLB if you are pulling in that amount. This is similar to A&M which has top comp in then industry but you need to work a lot of hours to get to those numbers.
The one caveat to this is if you are bringing deals in, I am not sure if that is factored into the comp numbers they gave you?
You bring up some good points, I can provide some clarity on a couple of those
Basically, the amounts mentioned (820k) in this case is a reasonable estimate made by the firm of what they'll pay (some compensation transparency law). With that being said, the "highest" that's posted for the position is 825k. However, I had a colleague who was a former director, that got paid more than that. That bump can be attributed to the fact that, like you mentioned, they brought a healthy amount of deals in. So, yes, the amounts stated do not for the most part factor in deals brought in (they might factor in a very small amount that a director could pretty easily bring in, so it's negligible).
As far as hours, yeah that's pretty obvious that the hours will be shit. Not as bad as A&M's, but not good by a long shot
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