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.
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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?
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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.
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