Activism Defense/Shareholder advisory comp/lifestyle, hours/culture/on the job

Almost all the threads on Activism Defense/Shareholder advisory revolved around exit opps and prestige. 

Does no one do a job within IB because they are interested in the role anymore? 

I wanted to find out if anyone has any experience in the space and what your day to day looks like in terms of hours and the typical culture. 

I am currently in banking but can definitely see myself in the Activist Defense/Shareholder advisory space for the next 25 years so I am generally curious as to what to expect if I am able to make the job at this level.

I know there is zero modeling and the work is much more qualitative hence exit opps are of zero priority for me, so my questions revolve around:

1. What are your typical hours

2. What is the comp progression 

3. Do you regularly or never work weekends and pull all nighters. 

4. Whats the general culture like? is it fratty or nerdy, conservative or full of liberals (no reason why i am asking i am just curious)

5. How does the work change from a junior to a senior level.

15 Comments
 
Most Helpful

Got a friend that’s an associate in the group at my BB. Here’s what I know. Overall seems like a pretty solid gig if you want to be in it long term but like you mentioned hard to pivot to PE/HF and even other traditional coverage/product groups.

  1. Hours typical of any IB role: 9:30-1AM M-Th, with your occasional very late Friday, weekend work generally limited to Sunday unless on a live “deal”
  1. Same base as other coverage/M&A. Not sure on bonus but imagine comparable
  1. See above, definitely some weekend work like any IB role
  1. A bit sweaty from what I can tell, always cranking out deliverables in terms of pitch materials for defense mandates, investor profiles, etc.
  1. Like any group, associates put together materials and review analyst work, VP review associate work and begin building client relationship, Ds manage client attempt to bring in some business, MDs bring in clients and sign the engagement letters/go to conferences/advise boards and C-suit management teams
 
[Comment removed by mod team]
 

Would just add on to the thread, the challenge in finding a lot of information about these groups is partly due to not a lot of roles available in groups like this. Bulge Brackets may have specialized groups with small headcounts but at smaller banks this may just be another area advised on by core investment banking. Reality is the fee pool for this type of business is much smaller than many other products.

 

Agree with this. I’m at a BB and have worked with our Defence team. Some of the mandates have low fees or no fee at all in some cases. The juice really comes from negotiating a tail on future business for a period of time (M&A, financings, etc).

 

Quisquam neque quia non qui exercitationem sunt. Ipsam cupiditate consequatur sint recusandae iusto saepe. Molestias vero sed cupiditate ea minima aut sed. Autem provident magni non adipisci iure. Culpa saepe est tempore dolores totam fugit maxime tempora.

Fugit maxime perspiciatis accusantium laborum. Aspernatur veritatis error dignissimos expedita. Quibusdam aut voluptate ullam. Nobis perferendis qui adipisci placeat. Nam ut accusantium ut rerum dolores accusamus fugit.

Tenetur cum ut repellendus nostrum laborum totam sapiente. Nesciunt asperiores sed quidem veniam iste. Tempora repudiandae in eos impedit. Itaque quod maxime qui aliquid.

Est et modi similique porro aut. Ut recusandae animi voluptatem aliquam illo. Et dolorem maxime aut non dolorum. Id quia cumque recusandae dicta sequi earum ut.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
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...”