I am currently a sophomore looking to recruit for investment banking and recently heard about Gordon Dyal from a friend. I could not find much information on them but would appreciate some insights into their recruitment process as well as information on the bank such as (comp, wlb, exit opps).
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I believe from other comments I’ve seen regarding them, comp is through the roof, so are the hours, and they only take experienced laterals
Super long hours, whale hunting model so tons of pitches. They have been doing a handful of deals per year that are mega cap 10bn+. They started taking summer analysts but so far only recruit from Umich ross. Insane pay
Do you know what the ballpark is for comp?
family friend worked there in the past - incredibly sweaty hours that don't seem to let up ever. heard a 8/9am - 3am everyday (weekdays and weekends) being quoted.
what’s the pay and culture like? is it feasible to build a career there after doing 2 years in BB HC IB? How do you bring in new clients there given massive key man risk?
sorry can't really give you any insights on culture since i don't know, but i think it's safe to say pay at dyal is probably highest on the street for IB (can't imagine any other place paying 300k+ for an1).
take a look at this other forum: https://www.wallstreetoasis.com/forum/investment-banking/2022-thoughts-…
how is it even biologically possible to live with that little sleep consistently? Surely you have to be genetically gifted (read around 1% of the population can function fine on 5 hours sleep a night) to be able to work a job like that.
Yeah I'm reading all this and idk how it's possible. I don't doubt the hours because it's been echoed around WSO many times but for the folks working here life is work and work is life. I'm sure even if you don't fall into the genetic top 1%, once you get into the rhythm and change your mindset you can just push your body to its absolute limit. Hats off to them
What's the deal w the exclusive umich recruiting? Did Gordon Dyal go to umich?
For some color on the recruitment process:
They do not have open applications as of yet, due to the size of their team and limited capacity, so they go school-wise depending on where their AN1/AN2 class went. Previously UMich, this year Wharton (but might also be doing UMich or another school still).
Wharton recruiting for 2025 Intern class started 3 weeks ago through an internal finance club emailing list (alumn was a member), and informal calls were 2 weeks ago. Past that I have no clue as I didn’t make it past the phone screen.
I had a call with their analyst in charge of picking out candidates. To summarize what I learned: Dyal takes a very small class, as expected with their very low headcount (30 people). You are expected to work the longest hours in the industry. Comp is great (the best I’ve heard of), and they do, as some others have mentioned, spend most of their time whale-hunting. Really experienced team with some of the top guys in the industry from across EBs/BBs/MFs (+ you get to work with Gordon Dyal lol). Great benefits aside from pay and a strong focus on keeping Analysts at the firm through progression, while still offering mentorship on switching industries / firms.
They are hoping to build a larger analyst class in the coming years, but for 2025 the recruitment process is pretty closed as far as I know.
What's the culture like and how are the people?
The guy I talked to really liked the people working there, and said it was a very supportive environment where people are always willing to help you out. They do really complex / deep work when on a deal, so you’re expected to run into things you don’t know what to do with - and in that case seniors will be happy to help out. Tons of opportunities for learning from seniors.
Can’t speak much more on the culture as I only had a phone call and info online is very limited.
any color on comp at the analyst level (and beyond)? getting the sense an1 is 300k+ based on past threads but it's dated and limited data.
What do benefits besides pay look like?
I’m just curious how such a shop lands the enormous deals it does.
Is it’s reputation so elite that it’s not meant to be known by even the common finance folks? Reminds me a bit of Allen & Company.
Wonder what the most senior guys take in.
i mean gordon dyal was co-chair of ib at gs so thats a good start for the relationships and experience necessary to secure mega deals that dyal does.
here's an article on dyal that may be of interest: https://www.ft.com/content/4d59b1ac-1140-11e9-a581-4ff78404524e
Rolodex of seniors (gordon dyal in this case). Same way paul taubman advised on vodafone verizon by himself lol
My question is what happens when Gordon retires? He's in his early 60s by now, and it doesn't seem like their goal is to become the next Moelis. Does the bank just dissipate when he decides he's done with the game
Curious about this as well, it's a similar situation to Mklein.
Their merger with CAA alleviated the key man risk there to an extent. Could do something similar if that’s the route Dyal wants to go down, or pass the torch to whoever’s next in line to keep things rolling. Doubt they’ll just close down shop though.
Have a friend there. Incredibly sweaty group, but they say culture is good. Pay is insanely high. Only take experienced laterals.
How sweaty?
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