Saw that they have more followers on LinkedIn than Qatalyst. But do they pay on par with Qatalyst? They seem like they have good deal flow. I don't know much about the firm or anyone there (non target). Would love to get insight. Thanks
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FT just announced pay raise this week. Effective Feb 1.
An 1 100k > 140k
An 2 115k > 150k
Aso 0 175k > 200k
Source: work at FT
Is that without bonuses? or all in?
Those are the new base figures. This is the second base raise in the last year, previously An 1 salary was 85k.
An 1 comp this past summer all in was ~230k, including sign on and COVID bonuses, middle bucket.
Is this real? AN1 at 140k?
Lol you gotta provide some proof on these numbers.
Not the guy who posted but confirm on the pay raise. No point to lie on this
Mate just told me A1 £90k base
Do you expect offer letters to be updated to reflect this change?
Not sure how offer letters will be handled specifically but the pay raise will apply to incoming analysts going forward.
Holy fuck 140k an 1 base? That's better than CVP damn. Should've went here instead of the lower tier BB I chose lol
How many hours you work? Is it really 100+ a week? And how were bonuses w the 140k base?
Do you still work at FTP? If so, could I pm you?
This was a good chuckle, idk if that was the intent but thank you
FT pays quite well, has solid deal flow, and does interesting stuff in fintech. That said the hours are some of the worst on the street and their reputation has suffered because of how they treat juniors. Everyone I know who has worked there left early and had only negative things to say about culture and WLB.
Funny example on that, last spring when morale was low across the street and banks were throwing cash/Pelotons/more cash at juniors, FT sent out a bizarre commemorative coin with the founder's face on it... gives you an idea of the management there.
Wait what? Can you expand please? That is crazy... but it seems like they are getting things sorted out now right? Their base pay is almost as much as some all in salaries at BBs
The pay is that high for a reason, they would have trouble attracting top candidates if their comp was in line with everyone else (I'd argue they still won't be a top destination, even with that comp)
I don't work at FT, maybe someone else can chime in - I'm sure things have calmed down a bit, but their junior issues and reputation long predate COVID so that wasn't exactly an isolated blip of issues. Do a search on here, there is some info both older and more recent.
Look they do quite well in their space, but I wouldn't let a slightly higher pay sway you from a Q, EB, top BB etc. If you have those offers you should leave FT in the dust. If you don't have options elsewhere, FT does deals and you can lateral out easily, but for most people it is not their first choice bc of the culture problems.
Sounds like they issued a commemorative NFT
“Saw that they have more followers on LinkedIn than Qatalyst”
can this really be a serious post?
What’re you talking about dude. LinkedIn followers is obviously the most objective way to rank banks against each other.
Confirmed. DB has 1.1 million LinkedIn followers, while Centerview Partners has only 23k. Someone pull out the tier list again please, got some updates
Interesting to see the differences in name rec considering how they work on very similiar things. Was wondering why there is such a drastic different in the follower count if they're both boutique based.
Follower count really only tells you how the bank uses its LinkedIn. FT puts out a lot of content every week and a lot of tech and VC types follow the page to see it
They almost only do capital raises based on their website. So there is probably limited M&A/LBO modeling
True, but if you’re building operating models for EPPs, that’s good experience too
TBH I’ll only believe it when litquidity posts about it
Average tenure of FT's employees is something like 0.8 years. Should tell you all you need to know.
Associate base same across all years, and expected higher bonus?
Thats below Q and and CV… dang
It's a grind but can place well into PE. At least reputable MM/UMM.
Echoing what others have said—have known 3 laterals from MD-analyst and each have cited culture issues being the core reason they left. Sounds like it is bad even for IB. That said, prob not the worst place to go for a stint all things considered—especially if you are interested in Fintech.
How do you guys think FT stacks up against the mid-tier BBs now? (Baml/BarCap/CS)
Thinking about Exit Opps vs. Pay vs. Prestige vs. Culture
I think you might be a bit hard pressed to find anyone taking FT Partners over BAML and Barclays. CS is a bit of a sinking ship but their name brand might carry them onwards for a few more years like Greenhill. Unless you're only focused on GE, VC and some Tech only PE roles, I think your exits from a BB would be significantly better. FT and most MM and EBs will pay more than those BB's, but we're talking maybe 20k-30k ish a year difference pre tax. Hate to admit it but where you start your career does significantly impact your career trajectory, so if you're giving up optionality to make 15-20k post tax dollars, you should probably re-evaluate your priorities.
The thing is that it’s definitely not a 20-30k pre-tax dif. A1 BAML bumped to $110 (+ bonuses lowered) and barcap at $100. And the top A1 bonuses are like $80, versus $120+ for FTP? So that’s a $40 base salary difference and a $40+ bonus dif, we’re talking over $80 a year which is a really large amount.
Think that’s fair but if you’re truly truly passionate about fintech then FTP might beat out Barclays/BAML/CS for fintech exit opps. That would be a tough call if it were me personally.
They really do crush it in FinTech broadly, covering sub-verticals like Payments, Wealth-tech, Cap mkts tech, and financial management solutions. They also invest small amounts in their deals and tie up their clients to very long-tail engagement letters. They're also really good at identifying clients early on and locking them up by doing a lot of earlier cap raising work for them with ROFRs on all future banking engagements.
From an employee standpoint, have heard it's extremely sweaty and not a fun place to work, though it seems you do get good experience. Don't have enough information to say whether or not I'd recommend working there but seems like you'd get a lot out of your experience there if you're willing to sacrifice your life for your tenure there.
Also the linkedin follows mean next to nothing so please don't use that as a proxy for anything.
From your experience, would you have any idea of what the compensation is for analysts, associates, or VPs?
I think the above posters may have a better idea. I don't have concrete numbers so I won't comment here.
I have only heard awful things from junior bankers that worked there
I once heard someone say they worked a year with no time off
I know it's easy to look at jobs as a college sophomore/junior and think that you can do it, and who cares they pay a bunch
However, once you're there, and that's it, you're working 9-2am every single day, no weekends, you realize how unsustainable it all is. I would really evaluate how much you really care about getting "good mm experience" before deciding to work for a place like that. I myself would work at a lower tiered bank with a better work life balance than jump into a place like FT Partners
check out "banks with worst HR thread" and people were literally destroying FT partners. HR over there seems shitty as hell.
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