Greenhill (Dealflow, Comp, Exit Opps, Culture)
Hi everyone,
I have several questions regarding Greenhill. It seems that the company took a hit in the past few years, so I was wondering if any current analysts/associates at the firm (or other people familiar with the matter) could address a couple of things:
Has the deal flow fallen significantly since the company’s prime?
How does the current comp compare to the rest of the street?
How are the exit opportunities at the firm at the present moment compared to the other EBs and BBs? (Mostly interested in recruiting for PE MF)
Current culture and hours?
Many thanks!
Hi Luv Ur Mom and IRR, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
Calling relevant pros to the rescue! Mchardyfc @Classic27" Meredith-Kramon
Fingers crossed that one of those helps you.
Thanks a lot for the inputs, catch a SB @WSO Monkey Bot Most of these posts are about GHL more successful earlier years so would appreciate any more recent insights @Mchardyfc @Classic27 @Meredith-Kramon
Full disclosure, I work at another EB, so a lot of this is second hand. But a quick look at factset tells me they only announced or closed 7 deals last year at an average deal size of $300m. That puts them at 65th in the league tables for last year. Anecdotally, I have heard people telling me that Greenhill is a dying brand for years, but that's legitimately awful. That suggests they are a low volume low MM firm. And that tells me not every analyst will work on a live deal in their two years at Greenhill.
I also, second hand, heard comp was bad this year compared to other EBs (it's still above BBs). They also gave out a significant amount of associate comp (not sure about analyst) in RSUs, which is extremely uncommon. I don't know another EB that does that, EVR/PJT/LAZ/CVR are all cash for associates.
Exit ops, I know are struggling because of the above. Lower MM PE is really the expectation, not MF. But I have heard good things about the culture and great things about the hours. But having great hours because you don't have live deals is a catch 22, and not particularly a good thing IMO.
All in all, I wouldn't take GHL unless they were my only option. High volume MM firms like Jefferies/Baird/HL/etc are going to get you better transaction experience and basically every other EB and BB will as well, along with better transactions.
LAZ does not give all-cash bonuses for associates. ~25% is typically in RSUs.
Really? I was misinformed then, thanks for correcting.
Thanks a lot for the inputs!
A few key MDs hires from the past few years left, can easily be googled. Seems like senior talent is jumping ship which is never a good sign when business model is heavily reliant on relationships.
Solid point!
Can this be bumped up? Any new news or thoughts since last year / this year. Thanks.
BUMP
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