Ducera Partners 2020 Info
What’s the deal with this firm? I see a few posts on them from previous years...interesting to seem them on the Frontier deal.
Any information on culture/salary/exits is greatly appreciated.
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really intense firm from my experience (networking). they do a lot of credit Rx
Rising rising rising
Any specifics for saying this?
I dropped an application on their website but didn't do any networking. Despite going to a top target, there is no one from my school at Ducera (at least within what I can find on LinkedIn). How have people gotten interviews in past years?
Literally just email an a alto and if you’re chill you’ll get a first round
Had a final round there within the past few years. Really intense group of people, all really sharp. Seems like the younger people there are worked pretty hard but there's lots of opportunity to rise quickly. Everyone sits trading-floor style, pretty sure MDs sit out on the floor, too.
Bump... would anyone be able to comment on comp at the junior level?
very high- they get salary, bonus, and profit sharing
Any idea for all-in at the analyst or associate level?
Just opened up an office in LA and have been recruiting
I interviewed with them for SA2020.
Total involved 6 rounds of phone interview + 8 rounds of superday interviews.
Having interviewed with other RX EBs they had the toughest technicals I have ever seen. Focus really is on whether you are passionate about RX or not. There was legit a case study I received in a phone round that involved structural subordination so complex a first-year RX analyst at another EB had to spend 10 minutes walking through it with me to get the answers himself.
They are upfront about the fact that they work a lot but it seems the analysts do enjoy what they are doing; a first-year analyst literally spent 20 minutes walking me through a deal where he took on the role of a conventional associate/VP and he couldn't sound happier while describing it to me.
Have seen a lot of flac on these guys on these boards for being a sweatshop; while I haven't worked there, judging by the interactions I have had, they are very upfront about the fact that they work heavy and want to hire people who are down for it. So don't really think anything is misrepresented in any way.
Would you be able to describe how you got to the interview stage? Did you do any networking, anyone there from your school, etc.?
Nope. They were very good with responding to people from non-targets reaching out (they told me that they specifically like to hire keen kids from non-targets because the founder broke into the industry as a non-target student).
If you do try to network just be ware the networking call might turn into an interview.
Did you end up getting the offer? And how do you think this compares to the experience at other Rx shops?
No I didn't end up getting an offer (signed with a diff EB's RX group).
I would say the comparison is that this was much more RX-heavy. Most RX interviews for SA at least felt more like traditional banking interviews with a few RX technicals here and there.
For them it seems they really cared about the why RX aspect. They really wanted to make sure you are passionate. If most interviews are 80 banking - 20 RX, they were definitely 80 RX - 20 banking.
How early did you interview for SA 2020? I know they have apps open for 2021, any insight on how quickly/when they fill SA classes?
I prefer not to disclose it as that will may make me identifiable. In general though they are always open to recruiting candidates as they have no cap on intern class size. It's a place where there will always be work to do. It's more about do enough kids pass their bar to get offers. Interviews are rolling and they never have set timelines.
TheZhanMan Could you share what the technical question was?
How was the first round phone interview? Is that super technical heavy too? I'm fine with general IB technicals but haven't spent much time with the Rx technicals. Is there a guide that focuses on it a lot? BIWS guide kinda skims over it. Thanks!
A lot of juniors analysts are from my school. Can say the firm is amazing at what they do and the pay is good. But the culture sucks and the people are too cocky. I interviewed there. Good luck to others
How else is the culture bad? And how good is the pay?
Are all their entry level positions for RX? Thought they did some M&A advising as well.
How supportive are they of PE recruiting? Do they expect most people to leave or do A2A promotions?
exact opposite most people stay on the A2A route and others go into distressed hfs
If someone were to recruit for a PE firm would they be amenable to it or is it heavily discouraged?
great firm, really depends on what your priorities are. if you are looking for exits after 2 years you're better off at the big name RX firms (PJT, Evercore, HL, Lazard, etc). But Ducera is still bringing in great deals - they're not high on most kids' lists at my target but it's a great option.
Any idea how their current deal flow is looking?
Could someone realistically do analyst at Ducera then lateral to an EB RX shop for associate?
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