Everyone and their moms are trying to lateral to Centerview
Current analyst at a BB. CVP people, y'all have it lucky.
Objective Factors
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COMP: Yes. 130k base 75k stub 50 k signing as an A1. For the other two analyst years, it's around 330-360k. Associate 3s get 780k on average. I'm guessing it's an easy 7 figures for principals and above. NOT TO MENTION ALL CASH COMP. Source: Friends and litquidity comp survey.
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Ubers to and back from office
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Free breakfast/lunch. Sushi bar once in a while.
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Gym in-office
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Relatively large dinner stipends and generous expense policy (100 and below no receipts)
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200k A2A
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Partner led trips to the Hamptons and ski resorts for the juniors
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Month-long time off/sabatical for A2A promotes
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As well as all the other things for why people generally take the independent advisory firms over BBs (lean deal teams, feeling appreciated by seniors, etc)
More Subjective Factors
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No facetime culture
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Training is done completely in house
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I love the strategic advisory focus as I find the work more interesting
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Generalist program across M&A/Rx so exposure to lots of different industries. Spices up the work.
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Whale hunting model so higher value deals on average
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Accounts based staffing. The good: you really get to see how the life cycle of a client relationship develop; weeks can be 30-40 hours when accounts are not blowing up. The bad: when accounts are blowing up, hours can get up to 90-100 severals weeks at time.
Exits are probably the weakest among the EBs, but that's simply due to self-selection. Friends have gotten looks from every single MFPE. Personally I want to stay in banking, and it literally seems like everyone in my group is trying to lateral there.
If you want to stay in banking, Centerview has separated itself from the rest of the pack. I'm actually so jealous lol.
I did a lateral interview there and they spent 15 mins asking me about my thoughts on the us vax policy and how to get more people vaccinated. Weird af.
Strange vibes all around. Didnt want to continue any discussion with them srs.
awwwwww, is the little baby scared of a needle?
No I'm vaccinated.
Just wierd af to be spending 15 mins of an interview for a lateral hire on "what policies would you enact to increase the us vax rate". This isn't a public policy position...
I’ve been injected with more crap than most via the military. Ever have a hung over infantryman try to stick you with an IV? Needle fear is non-existent after that.
Putting up a fight to not have to report my status with my company was one of the better decisions I made. I ended up catching covid, it lasted 3 days. Worst day consisted of chills at night and what felt like a moderate whiskey hangover the next day. My wife teaches at a rural school, where the parents resisted masking, bounced off of her like a racquetball on concrete. She had a mild headache for a day.
Meantime after they dropped the mandates (which I knew our C level execs weren’t following in their NYC office) 8 vaxed coworkers in my office, that I had direct contact with, were out of work for 1-3 weeks. I didn’t get so much as a sniffle. Heck, I even had to cover for a coworker because of the crap that hit him after his second dose. Couldn’t be happier that I dodged this experiment and resisted corporate overreach.
They are actually known to ask obscure consulting like case questions. I remember getting a brain teaser on how many people drink rockstar and was asked to develop a strategy for essentially growing their market share but it was worded weird. If you can’t take the heat just say it, their strategy isn’t for everyone lol
Meanwhile Evercore is on the decline LMAOOOOO
Can’t have HR find out that your mom and I work together
Sounds like paradise. FTPinsider what are your thoughts