AGC Partners - info
Anyone have any info on America's Growth Capital (AGC) Partners. Looks like they are a mainly tech focused growth sector boutique Investment Bank. I can't tell from website or not if they do Growth Equity as well. I have an interview coming up and would like to know if anyone has any experience with them
Hi OP. AGC is purely a boutique tech investment bank. They do not delve into any other products, nor do they invest.
Look up their reviews on like Glassdoor bro, shit seems mega toxic. I've talked to an analyst that left that affirmed the fact that their CEO makes analysts write great things about them online.
I have a direct source with the firm and have asked him about the culture and comp recently. I have been told that comp has increased to below street as a first year and equal to or above street for second year (large jump for some reason), which also doesn't account for the lower taxes and lower cost of living in Boston. He also mentioned how the culture has improved markedly, not sure in what capacity though (culture shift has really occurred in the last year or so, which is why people might still think its rough). For example, they no longer have mandatory weekend hours, which people on wso like to mention.
Worked with an associate who lateralled over from AGC. They withheld part of his paycheck one week because he attended his grandmother's funeral. Apparently that wasn't an excused absence from the desk.
Jesus. My connection with AGC is directly to their CEO. I have heard mixed reviews similar to all of you. The person who introduced me to AGC's CEO described it is a real scrappy, gritty shop with alot of former athletes. All input appreciated as I try to navigate the best opportunities.
Pretty sure there is a solid AGC thread that basically trashes the shop and exposes the toxic culture.
Heard from a former analyst that a couple years ago 70-80% of the entire analyst class jumped ship after 6 months.
Also +1 to the whole fake review thing on Glassdoor... 160+ reviews for such a small bank is highly suspect at best (compared to FTP who has 29 and is much larger). It's honestly pretty entertaining if you just sort by lowest rated reviews... here's a pretty passionate one that gave me a laugh
"I worked at AGC Partners full-time
Pros
- Only pro was my last day. Period. - CEO and COO pressure the assistants and interns to write positive reviews by calling them into the CEO's office. Horrible culture of manipulation and dishonesty. Absolutely no one likes coming to work due to toxic culture. Likely, CEO will have interns coming in this weekend to write reviews after reading this.
Cons
- Where to begin. They treat clients like dirt. Partners will say anything to get hired and then check out when the deal begins and leave everything to the analysts and few associates who are still begrudgingly employees. More than 20 partners and only ~10 junior bankers as of July 1 - doesn't sound like white glove client service to me. - Toxic work environment: Every single analyst and associate is currently interviewing to leave. Average non-partner junior banker turnover of ~75% every year or so. How can you possibly run a client-service business when the majority of the junior team leaves within one year? One of the first years just quit within five days of starting after that person was exposed to the toxicity of AGC. - CEO and COO runs business by fear. Monitors interns to partner's time in the office and often ask people to check in when they arrive in the morning or when they are out for a 10 minute lunch. Small things like if any employee has a doctor's appointment for 30 minutes, they need to get permission and sign-off by the CEO to go. Even the COO is afraid to leave the office before the CEO leaves for the day. He often stays 4-6 minutes after the CEO departs for the day and then spinelessly sneaks out himself. These are grown men who act like fearful children. It is pathetically funny to watch happen though. - Negative vacations day: Let me explain, they require that analysts come into the office for a mandatory block of 6 hours every third weekend (Christmas, Easter, July 4th - it doesn't matter - you better be in.) The CEO will call you at your desk to make sure that you are there - everyone lies to him and makes up pretend work to avoid his wrath. Back to the math around negative vacation days: analysts get 10 vacation days per year and if you assume 10 hour work days, then you have 100 vacation hours per year. For mandatory weekend hours, coming in for 6 hours every third weekend requires employees to be in the office 104 hours a year (17 weekends * 6 hours per), meaning that you actually don't get any vacation at AGC - you owe 4 extra work hours every year - What a magical place.
Advice to Management
Management don't change because you won't. Continue doing what you do and run your business into the ground. Bad things catch up with people who treat colleagues poorly, without dignity, and don't respect their co-workers and clients."
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