Don’t work at Leerink
Culture is terrible, comes from top down. Bonuses were meh, WLB is non-existent due to incompetent seniors, including 0 protected weekends. Mid and senior management Yes-men/women concerned about small picture items when they should be out generating revenue. No wonder they are bottom of industry league tables. Essentially the shop is Centerview’s mentally retarded younger cousin with scoliosis.
Company will be gone in 5 years once rainmaker leaves.
Quit earlier this year. Just landed job at new co. and wanted to spread the word that people there are egregiously bad. Went there after being at an UMM for 2 years because needed go to home to take care of family but its not worth the headache.
Thanks for letting us know. Brb, gonna apply to take your spot
Sure take it 💀. Enjoy working with LMM biotech shitcos.
Had interviews there for an internship couple of years ago and could tell they have a very toxic culture lol
Had interviews for SA this year. Conversaitons with juniors were pretty good but their seniors are not that good. Thankful that they rejected me lol
Lol I had the opposite experience interviewing with biopharma. Juniors were often from random semi-targets (only a few target students) with little interest in healthcare as an industry but the seniors were much more passionate about the field esp having been tried and tested in it for so long—also got the impression that because so many seniors went through a grueling process to switch into ib from life science backgrounds they were way more humble/empathetic to juniors + knowledgeable about the industry than your typical vanilla prep school > target econ/fin major > Wall St drone. Curious if I’m really the only one with this experience
Where are the best places for biotech if not Leerink? Besides CVP obviously.
The 6 other banks above them on league tables
I was more so asking in terms of a dedicated biotech team where most people are from a science background and really care about the space. Seems rare at BBs and only found at CVP (Mostly LSM analyst class and banks like Leerink or MTS. Leerink still seems unique in that regard.
When most of the banks revenue comes from small cap biotech ECM (which has gotten crushed), then you're in for a bad time.
What about the newer services group?
They don’t close deals. All they do is pitch, and sometimes do “strategic investment advisory”.
Looks like Leerink closes several deals per month from their website. Is this different from leerink partners?
How many analysts are there currently?
How about dir/MDs? Heard they’ve been expanding
Lol OP doesn’t answer question bc he probably doesn’t work there so he doesn’t know how many analysts or MDs there are
OP was wrong about transaction count, stating they do no deals when someone mentioned how a quick look on the website shows they do quite a few deals every month, although most aren’t m&a, which may make sense for biotech.
Regarding Pay: looks like historically it was solid to high comp from prior posts..
Looks like they advised on a decent number of m&a deals too
Depends on the office. NYC has maybe 20 juniors. Boston/SF/Charlotte probably has 20 total too. JBR deals require 0 work and no learning. The fees are $1M because there is usually 2-3 other banks splitting a gross fee o 4-6% of 75M.
Not wrong about tranaction count, the deals are JBRs. But whatever. JBR deals are useless, and the “M&A” are RMs. I don’t check this every day so didn’t see this. You are right, I don’t work there anymore. I said this in my post.
Lol op says they don't close deals... transactions section of their site shows ~20 M&A deals since Jan 2023 + miscellaneous licensing and other advisory. The other 60+ closed deals were JBRs and those are good for generating fees. Whats so bad about getting a few hundred k to a mil to do a jbr in several weeks, passive role, as opposed to 9 months doing an LMM m&a deal to make the same amt? Good for people who like to coast, perhaps less ideal for people who want to better deal exp I guess
Second this as someone who works there now. They get no deals done, underpay, HR sucks, culture is terrible, and analysts have to be analysts/associates/VPs as everyone mid level is incompetent
Looks like they do a lot of jbr deals, heard these are decent for fees considering the minimal work needed. Looks like they close several deals per month.
https://www.leerink.com/transactions/
Also what’s wrong with the junior people on the team? I know they’re interviewing for lateral analysts so I’m curious
JBR deals are fine, but hardly any learning involved. Its just internal docs. When I was there the analysts would tell me stories about the 1st years that were obviously made up, and once I started pushing back, they stopped coming to me and went over my head. They feed of each other’s insecurities to build a quote “wolf of wall street vibes”. Yes, that’s how corny it is.
Looks like they work on a lot of deals
Expectations for what was communicated to us by leadership / HR
hey, would you be willing to chat about your experience at the firm? prospective SA, would really appreciate the opportunity to hear about the culture from your experience! please message me if you'd be able, thanks so much!
Everyone seemed to be touching themselves to SVB Leerink's comp/WLB in '21. A couple VPs at my firm left to them, middle fingers out at us, with guaranteed packages. Wonder how they feel now that the two year guarantees are up... and very tough to lateral as a VP if you haven't closed deals.
How long before WSO is forced to take this down and continue hiding these truths
Pretty soon lol
Bumping here because this is hilariously true......look at all the comments WSO mods took down in this thread
They fired me because I was wholesale incompetent, perhaps it is a slightly better shop now.
What do u do now
Moved to the buyside and work at a family office.
Did you make a table in PPT using line shapes?
^^^^ confirming this is standard practice at Leerink for some reason
As an incoming intern can someone confirm/deny this
Good luck bro
Look at banana / monkey shit ratio for your answer.
My buddy works on biopharma side, you are fine. There are a few salty people on this thread
ayo bro can you dm me? I have a question abt the interview process
Can anyone shed light on the services group. Heard they have good people but just don’t see any deal gets closed. Curious on the prospect and future development of the team.
Culture in services is better than in biopharma, no doubt about it.
However, 2023 was definitely a slow year for the group.
The nice thing about Leerink is they pay all cash (no deferred probably until youre like vp). Some ppl got paid really well last year all up front cash.
Any insight on their biopharma ib team in terms of culture, wlb, etc
Ut dolores similique voluptatem aut doloremque voluptates voluptates. Aut adipisci culpa quia. Quo eligendi nisi dignissimos voluptate soluta temporibus sed nesciunt. Eaque tenetur est quae quaerat veniam. Nostrum voluptatibus natus assumenda aspernatur excepturi voluptate provident. At commodi non temporibus suscipit. Omnis placeat qui accusantium.
Neque eum maxime molestiae cumque sed voluptatem voluptas. Dolorum accusamus sequi soluta aut sunt eos.
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...
Nobis quis accusantium magni. Officia doloribus et est natus qui iure officiis accusantium. Neque ipsam eaque alias.
Dolores asperiores quidem rerum vel ducimus exercitationem. Nemo ut ut in. Omnis qui eaque aliquid. Soluta aperiam dicta voluptates voluptatem libero.
Tempore facilis qui vel voluptas. Nobis sed qui et aut. Quod provident perspiciatis tempora sed dicta sit qui.
Aut debitis explicabo qui modi quasi numquam et soluta. Sed quaerat perspiciatis molestias. Eligendi aliquam nemo corporis.