T&R Exits
Any insight on BRG T&R and where they sit in the hierarchy with FTI, Alix, and A&M?
I was told straight up by an MD at another T&R practice that he has had SAs come in for 1-2 years and exit to RX banking, which is more in line with want I want to do. Is this a true exit? I’m assuming private credit has to be another exit from T&R given the record amount of DDEs that sponsors are inflicting on PC backstopped financings.
Yes - seen many folks move from advisory to IB, and vice versa. A lot of the same skill sets developed in either side. Lots of exits to PC as well, and some to PE. Totally feasible after 1-2 years at a reputable shop to jump to a bank.
As I understand it, BRG has a strong name - maybe a T2 relative to alix or A&M, but well known and recognized in RX.
Thank you for this — what does comp usually look like at a SA level? $125K base plus 60-70% bonus?
I think base should be higher - most guys I know made like ~150k at SA. Bonuses on an ok year 50-70%, could be substantially higher in a gangbusters year
Unless things have changed dramatically since a few years ago, I don't see BRG paying out bonuses in that high of a range.
Likely estimation is probably 50% of that at 25% - 35%.
Yeah, my friend is a senior there and she was at 145k base last year. Not sure what her bonus was, but she was mad about it - though she’s self-admittedly not a top performer.
There’s something about their corporate structure that doesn’t equate to associate at other places though, if memory serves.
SA = Senior Associate?
Yes.
As above poster mentioned, BRG is a well-known name within the space that has been around for a bit and is comparable to well-known, recognized boutiques in IB.
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