Australian EBs
Does anyone have any insights on Aus EBs - culture, hours, pay, exit opps?
Firms such as Grant Samuel, Flagstaff, Gresham, Luminis, Moelis.
Any insight is appreciated - cheers.
Does anyone have any insights on Aus EBs - culture, hours, pay, exit opps?
Firms such as Grant Samuel, Flagstaff, Gresham, Luminis, Moelis.
Any insight is appreciated - cheers.
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Wouldn’t recommend joining an independent advisory shop in Australia just because having a balance sheet is so important to winning deals in the region
I’d slightly disagree with this - Aus is so heavily based on relationships that it can be a fantastic experience at the shops OP named. BB will have a bit more consistency in deal flow, but when you are operating through multiple sector teams, this benefit is quickly eroded (on the individual / junior level)
Cheers for your replies guys. A lot of what I've heard agrees more with the relationship heavy nature of the industry in Aus.
How would a balance sheet affect winning a M&A mandate? Obvs I can see how it affects any ECM/DCM related activity, but I'm not sure what the benfits to the client would be in a purely advisory situation.
Luminis = Evercore - deffo go for them
From what I've seen, Luminis appears to be almost solely a MM shop in Aus and quite different from Evercore in the US. Do you know how the Evercore partnership comes into effect there/what it does in practice? I've also heard it's a bit of a sweatshop.
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