Ducera vs. M. Klein?
I've seen a few posts about M. Klein recently, so I was just wondering how it compares to a firm like Ducera. Which firms are most comparable to M. Klein?
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Both great shops with direct access to some of the best in the industry and massive deals. I interviewed with M. Klein and have a friend working there. They pay above market and seem to have great exits for those who don’t stay around. Not sure about Ducera but would be curious. M. Klein just raised one of the biggest SPACs ever which could add a buy side element to the analyst experience. Also, just looking the junior bankers, M. Klein seems to care much more about pedigree and target schools as their analysts almost always come from Ross, Wharton, Harvard, U Chicago, or Stanford whereas Ducera has analysts from IU, Emory, etc.
go blue lmfao
Ross not really pedigree but hear you otherwise brotha
Not many comparable banks but would say Robert Warshaw in London and DBO partners are fairly similar. curious how people would feel taking an offer from one of these places over certain BBs or EBs
I know some strong candidates who took offers from these smaller boutiques because of how staggered the recruitment process is. If you get an offer from one of these firms with great comp, deal flow, and partners, it's hard to turn it down even if you know you could wait a bit and try for BBs/EBs.
As someone who's recruiting right now, I would take these "mini-EB" shops over MMs and mid-tier BBs.
what would you consider mid tier bbs
Why is that?
Well, Ducera, M. Klein, DBO Partners, and Robey Warshaw are all solid shops. They have rainmakers from the biggest banks at the top, and these guys brought over impressive clients and colleagues with them.
Analysts at these “mini-EBs” are paid well-above street, staffed on reputable deals, work with a lean team of smart people, and get crazy exposure to partners and MDs who used to head practices at BBs and EBs. I would be willing to sacrifice the larger name of MMs and mid-tier BBs for a significantly more comprehensive banking experience at these “mini-EBs”. I know people who left MMs/mid-tier BBs having gained very minimal experience (spreading comps, pitching, etc.) At these “mini-EBs,” partners often just grab an analyst to work on a deal. You also get to interact with clients rather than just being in the background. I find the overall experience appealing.
How do the two compare in terms of size?
Dean Bradley Osborne and Liontree are comparable
lol how are they even comparable, completely different focuses
.
I'd say robey warshaw, dyal, and incentrum are most similar to M Klein
How can I apply to these firms as a semi-target (M. Klein, Ducera, LionTree, DBO Partners, Dyal, Robey Warshaw, etc.)?? I can’t seem to find any application online on their website or third party sites.
I’m not sure how you apply as a semi-target, but I can provide some timelines. I go to a target, and a kid in my club was making a resume book for LionTree last week, so they’re starting soon. DBO and M. Klein finished up. Ducera is doing interviews right now. Not sure about the others.
some of these places (M Klein, LionTree) don’t tend to take semi-targets and just tend to recruit from the usual suspects. btw I don’t think dyal takes interns
As mentioned above, these firms typically hire only from target schools. You can see on their websites/LinkedIn that most analysts are from the same few schools like Wharton, Harvard, UChicago, Stanford, Cal, etc. I would suggest, networking really hard for these firms if you are from a semi-target and want a chance.
I attend one of these schools. Based on what I know from friends that have recruited for M. Klein/work there now, the firm has quotas of how many kids they will take from each school to fill their normal class. I would imagine that if you're from a non-target, you'd have to position yourself extremely well to be an exception to how they currently run their recruiting processes.
I know MK has had exits to Ares, Digital Colony, Crestview, and Carlyle....no clue about Ducera but those are definitely solid considering how few analysts they have and how few people decide to leave
Seriously? That's insane wow
At these smaller boutiques, the partners will really vouch for you if you do a nice job. And you can imagine the types of connections these rainmakers have.
buddy of mine works at ducera. go to ohio state if you want ducera. they like non-targets, and particularly OSU for whatever reason. 2/4 interns this year are ohio state lol. weird. pretty sure they have an arizona state kid too. check linkedin
How does your buddy like his experience so far?
hired a '21 intern from osu as well
that’s correct. ducera does not care about pedigree. they will interview you no matter what school you go to if you have good experiences.
I go to BU and they interview a handful of us here too. And we’re not exactly Wharton.
Curious to how the interviews fared? have also heard that ducera interviews are quite technical, so interesting to see them at many non-targets
Yeah one of the more technical interviews. They’re all hardos haha
I didn’t know they interview at so many non-targets, but in retrospect, it might be part of their strategy: to find a few gems in places no one else is really looking.
Very technical interviews, even more than Evercore/moelis
I thought my Moelis interview was worse. They pulled an impossible merger case on me. But Ducera is another monster too.
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Fellow BU here, can you PM, would love to chat
I think they care about pedigree they're just not snooty about target schools and look for the best person overall.
also have interns from penn state and villanova this summer
https://www.wallstreetoasis.com/forums/ducera-interview-assoc
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