Any insights on Lincoln international ?
Curious about any office but mostly in Chicago or ny industry groups
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What are you curious about? Anything in particular that would be helpful to know?
Ridiculous grind shop. Pitch, pitch, pitch. Stay the hell away.
Don't know why this is getting MS - 100% true
Have mercy on the poor guys, their hands are twitching so much after their third all-nighters, they couldn´t hit the SB post
Work at Lincoln and have been on 3 pitches since joining 8 months. We definitely work hard but calling it a pitch shop is ridiculous given the level of deal flow.
Not necessarily a pitch shop, but they do grind like crazy.
Generally people are not very smart and there is a lot of mindless, useless process stuff rather than analytics and modeling.
They also work on deals exclusively in the very low end of the MM.
IMO stay away unless you have no better options. They do exit well to LMM PE in Chicago and midwest, but expect a rude awakening after having zero real modeling experience at Lincoln.
Yeah that was my impression as well when I interviewed there. A senior colleague, who was a lot of years there, had only bad things to say, apparently management stiffed the whole team on boni and put them into their own pockets.
A lot of threads on WSO about Lincoln already, use the search bar.
Worked there for over a year and recently jumped to a BB in similar coverage group.
Lincoln has very few pitches. A lot of deals came from sponsors' relationship and majority of them are sell-side oriented, which means a lot of CIM and teaser writing. That's actually how my interview went that they asked for my college writing sample and a teaser writing within a given period. It is funny that I did not work on one company that was not owned by sponsors, as compared to where I sit now at BB that is largely covering strategics, instead of portfolio companies.
As far as modeling goes, I actually found my Lincoln gives me solid LBO/DCF hands-on experience because of the nature of sponsors' activity. Analysts there would work on modelings (albeit very standard three tranches with simple terms) and writing a ton. I haven't had a chance to work on an actual modeling during my 4 months time here at BB as the associates would either take care of that, or pushes to the sponsors/M&A group.
A lot of my work at BB now is to work on pitches with mindless benchmarking exercise with other strategics which is quite annoying. And I have not been mandated for any shit since joining in November. I don't know if I made a bad move tbh.
Hey, I worked at another Chicago MM (Baird/Blair/HL) and moved over to a BB but as an associate. My experience has been similar to yours, in that the work is really different and less "in the trenches" unlike MM M&A advisory. It's pretty boring, but I work way less and get to divert work to different product groups that I would otherwise need to do myself at my old MM.
Glad to hear that I’m not the only one feeling that. The work hours like you said did go down quite a bit which I don’t complain at all.
Intern in an Asian office, think others have answered your question quite well. So here mainly just to provide another view. The Asian office here the seniors are really nice, chill and efficient, basically a no-grinding culture. Deal flow is great, mostly coordinate with US and EU offices on the whole deal process as most (basically all) M&As here are cross-border. Juniors mostly exited to top EB (say Lazard/Rothschild). Other replies have a fair point on grinding culture about US, compared with EU offices as we work along with. Sometimes our associates got reports or some requests in ET 1 am.
Think they have offices in India/China/Japan. And if you said the analysts exited to Lazard and Rothschild, that would be Beijing office then?
You got the idea ;) just didn't wanna reveal that much info. but would love to talk through DM if anyone needs.
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