Which of the above 2 firms is better from a 1) overall compensation 2) strength of sector teams (M&A only not Rx) 3) deal flow/wlb (live deals vs just endlessly pitching and 4) exit ops (to MM PE)? Appreciate any insight on the London offices
| +160 | UBS Tech layoff | 52 | 1d |
| +153 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 24 | 11h |
| +146 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 31 | 14h |
| +73 | Leaked Interview Questions to Recruiting Services | 39 | 4m |
| +59 | Are target prospects getting dumber? | 27 | 12h |
| +58 | How do YOU manage networking requests? | 17 | 19h |
| +37 | Quitting After First 4 months | 12 | 1d |
| +34 | MBB Pay Raises | 26 | 1d |
| +19 | Rothschild UK - Mining & Healthcare 2026 | 5 | 3d |
| +19 | Career Crossroads | 2 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bump, also interested
did a mid-market PE internship so im biased but I think HL is miles ahead because of the volume of deals (M&A teams only as you said)
no clue on comp but a 10-20k delta shouldnt be your concern
get your deal exp and get out
HL >>>>>>> DC
Other than Infra, I'm not well-versed in DC Advisory's M&A teams. DC Infra has a very strong rep, decent MM Infra PE Fund exits and they're paid more than other DC teams (both base and bonus). HL is a dominant MM volume shop (touch anything 50m upwards) with strong deal flow - Healthcare, Consumer (food&bev), Biz Serv perform well. Both DC / HL will likely involve aggressive pitching but i'd feel its rewarded with both having good deal flow, especially HL will be swamped with sponsor sell sides and having good relationships with LMM / MM PE houses
HL far above DC except for infra in terms of deal flow and comp. DC consistently loses mandates to Big 4 lol
Both AN1 salaries at £65k iirc but bonus far lower at DC. Exception: DC infra is £75k base
HL much superior but incredibly sweaty, especially top teams in HC and TMT. All about volume, and the staff churn shows it…
Can anyone comment on the respective Capital Markets Advisory groups at both firms? I understand that at DC Advisory, juniors work on Restructuring and Debt Advisory transactions, while at HL, the team covers Debt Advisory only and has a separate RX team. Which would you choose? The brand name of HL is obviously better, but is the RX + DA experience at DC superior to just DA at HL? What is the pay (base & bonus) like and what are typical exits from both firms?
Accusamus molestias et non placeat aut. Sit in molestias voluptas enim inventore. Doloremque quia consequatur tempora maiores ratione.
Veniam iste dolorem cupiditate quis veritatis. Eum est quaerat est maxime. Quibusdam aut deleniti tempore aliquam similique neque. Alias consequatur sed sed dolorum necessitatibus et. Odit eveniet quis voluptates ab consequuntur et.
Exercitationem quo non ut molestiae. Debitis quis nesciunt tempora sunt delectus odit rerum. Enim qui minima deserunt sunt culpa.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...