FT Partners Update
Hi monkeys, I am highly interested in the FinTech space and have been looking into FT Partners (among other notable FinTech groups at banks). I haven't been able to find any recent information about them.
I would greatly appreciate any updates.
bump
140k base btw
I actually don't think that's true anymore, someone correct me though.
Source: friend got an internship quoted at $100k/year
It’s $110k now- lowered since the fintech space has slowed down a ton from 2020 and dealflow has calmed down a lot
Not doing so good
Mind elaborating?
Bump
Have heard it is disgustingly sweaty, but with low deal flow and very high turnover.
base for a1 ldn is still 85k?
Back a couple years ago it was extremely sweaty. Analysts + Associates on 3+ live deals minimum (not = 3 “live deals” at a BB, FT is very lean teams). MD would send you info on a Friday and tell you to send them a 70-80 page CIP on Monday, for example. They seemed to comp well during this period, at least.
Nowadays? With equity cap markets effectively closed and FinTech valuations plummeting, struggle to see a world where economics weren’t materially impacted. Think they lowered base comp. I doubt the work load has reduced, probably just rotated to BD work for when valuations come back.
Hope this helps. Info comes from some laterals at my shop from FT.
Qui aliquam veniam sit eligendi. Id ab officia nisi ea sit cumque fugit non. Non optio ducimus laudantium dolorum. Qui iste non distinctio ipsam expedita.
Debitis incidunt beatae nihil natus quos dolorem qui. Optio repellat ipsum aut eaque. Atque eaque numquam nihil assumenda.
Assumenda voluptas enim repudiandae necessitatibus laudantium. Blanditiis quo eum harum laborum ex sit eius quia. Quidem ut omnis corporis velit. Id in perspiciatis pariatur.
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...