Dc Advisory - do NOT go
One of the worst paymasters in IB World.
Recently had an opportunity to interview with them in India. After 5 rounds of interviews, I secured the offer.
Only to know that their pay is lesser than what my current middle-office job pays. Piss-poor deals, VPs who brag about making multiple deals yet work for dimes not dollars.
Called up some of their analysts and associates and they kept dodging questions about culture, saying plenty about the dogshit culture that exists there.
Avoid at all costs folks
i think one needs to manage your expectations for salary if you join a tier 2/3 bank. Of course they aren't GS/JPM/MS/Citi etc.
but they do legit M&A advisory and some of guys in the MM banks are quite solid. of course if you're okay with just chilling in back/middle office then by all means, but for those looking to break into the industry during this period of time, why not? Have seen plenty of solid guys go from tier 2/3 banks to BBs and even MFs.
at the end of the day, its your life and you decide what to do with it. I'm sure DC advisory won't work you as hard as the BBs or EBs so there's that.
I understand you feel angry about "wasting your time", but they literally gave you an offer. they didn't misrepresent themselves nor force you to do anything. If anything, i feel it's a bit on you for not doing research on pay bands for different banks.
While your argument is fair, I’m in India and here the gap between DC and BB/EBs is 300%+
Unlike US, where pay bands are public and transparent, street pay in India is not transparent.
Also, DC in India highly over-works you vis a vis BB/EBs
But nevertheless, I do agree that they did give me an offer. But given that offer was insanely disrespectful, my advice to people is to ignore this bank
How much were they offering
I don’t think it’s a firm issue here but more of a country level issue (working (incl. pay) environment just sucks in India)
In LN they pay 70k to AN1
Wait are you sure about this? That’s above most MM banks, by a good chunk…
I know they pay like BBs in Frankfurt but that’s not much to begin with.
Yes - I have few Frnd’s who worked there and made a move
No - offered me 70 for A2
A1 in Infrastructure is 75k base
U can't compare India IB to NYC/London etc bro
I mean, you really should add the context of 'In India' to your title given the 90% US / North American focus on here
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