We just went through our recruiting process and had some current Harris Williams analysts submit resumes. From speaking with them, they are pretty much all getting crushed right now. I'd expect hiring to be robust this season.
CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
Honestly Eye Bank, all of them appear to be getting slammed. Harris Williams, Baird, Houlihan Lokey, you name it. We're seeing a massive inflow of CIMs -- it's absolutely crazy. From my understanding a lot of PE shops, mine included, are turning down good investment opportunities simply because they are out of capacity (this happens in PE, another reason PE is better than IB!). Even the lesser known boutiques are churning out deal flow. It's actually a pretty exciting time to be an investor right now.
CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
CompBankerHonestly Eye Bank, all of them appear to be getting slammed. Harris Williams, Baird, Houlihan Lokey, you name it. We're seeing a massive inflow of CIMs -- it's absolutely crazy. From my understanding a lot of PE shops, mine included, are turning down good investment opportunities simply because they are out of capacity (this happens in PE, another reason PE is better than IB!). Even the lesser known boutiques are churning out deal flow. It's actually a pretty exciting time to be an investor right now.
Agreed, ton of companies in the market right now. I believe it's a direct result of the impeding cap gains tax increase. Nearly every book we've received has listed that as one of the reasons the current shareholders are looking to get liquid, and all the books list certainty of close by year end as a key competitive factor for any bids.
- Capt K -
"Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
Has anyone heard anything as to the effect tax hikes are going to have on this deal flow though. I have heard projections that a major fall off maybe down the road and thats part of the reason its so slammed right now.
If I had asked people what they wanted, they would have said faster horses - Henry Ford
A drop-off in sellers is more than likely, all else in the economy/market being equal. Right now, business owners want to sell before the end of the year in order to avoid the tax increase. However, there's a lot of demand coming from MM PE that will likely continue through the tax change. That will likely persuade some to sell even after the tax change.
That's interesting Spartan, I've heard just the opposite about Harris Williams. Several folks said that they pay at or above the Street average. Maybe Richmond is slightly lower due to cost of living?
Anyone hear back from the Oct 1st or Oct 8th superdays in Richmond?
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Which office
Any office. HW doesn't target my school however a colleague forwarded my resume to a recruiter this past summer
I'm pretty sure RIchmond has but I don't know about San Fran, etc.
Retract that actually...decisions don't have to be submitted til Sept 30th
Thanks...are you applying ?
Yea and my buddy did the 2 week boot camp thing there and has an offer but hasnt decided
Sweet I heard about the boot camp...did your buddy enjoy the program:?
hahaha pm me dont wanna fuck anyone over
We just went through our recruiting process and had some current Harris Williams analysts submit resumes. From speaking with them, they are pretty much all getting crushed right now. I'd expect hiring to be robust this season.
thanks for the insight compbanker. do you know of any other MM banks that may be in the same situation?
HW will have several superdays. Their recruitment doesn't end until mid-October.
Eye Bank, most of the top MM boutiques are hiring like crazy right now. Good luck.
Thanks Phantom
Honestly Eye Bank, all of them appear to be getting slammed. Harris Williams, Baird, Houlihan Lokey, you name it. We're seeing a massive inflow of CIMs -- it's absolutely crazy. From my understanding a lot of PE shops, mine included, are turning down good investment opportunities simply because they are out of capacity (this happens in PE, another reason PE is better than IB!). Even the lesser known boutiques are churning out deal flow. It's actually a pretty exciting time to be an investor right now.
Has anyone heard anything as to the effect tax hikes are going to have on this deal flow though. I have heard projections that a major fall off maybe down the road and thats part of the reason its so slammed right now.
A drop-off in sellers is more than likely, all else in the economy/market being equal. Right now, business owners want to sell before the end of the year in order to avoid the tax increase. However, there's a lot of demand coming from MM PE that will likely continue through the tax change. That will likely persuade some to sell even after the tax change.
CompBanker its goood to hear things are picking up
Does anyone have an update at this point?
Summer offer decisions were due thursday
Would caution you against comp. Significantly below the street for the past two years despite equitable hours.
That's interesting Spartan, I've heard just the opposite about Harris Williams. Several folks said that they pay at or above the Street average. Maybe Richmond is slightly lower due to cost of living?
Anyone hear back from the Oct 1st or Oct 8th superdays in Richmond?
^^I know for a fact that they offered SA's 75 + 10 and projected bonus between 40 - 50
40-50K bonus sounds just about in line with the street, no?
Et fugiat cum alias quo. Optio distinctio dicta aspernatur eos maxime. Aliquid iste qui officiis dolorum id vel. Excepturi est numquam ad illo minima nulla. Et eius est id ex ipsa dicta. Possimus soluta velit omnis unde labore. In aut eos id.
Eum dolore hic eum suscipit atque ut. Quam ratione eum doloribus. Itaque voluptatem et repellat itaque magnam odio officia. Accusamus laborum voluptatem pariatur similique nobis ad quia. Sit voluptatem sit tempora accusamus fugit quis et.
Quia aut dolores exercitationem laboriosam alias maxime tenetur. Voluptate exercitationem voluptatum iure assumenda molestias. Error ut fuga aut autem quaerat quos quia.
Et sapiente alias eos qui optio sint. Voluptatem et asperiores autem aperiam facilis. Sunt aut explicabo enim dolores voluptatem occaecati ullam. Eius qui in quam earum eius dolorum.
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Voluptas ipsum itaque fuga voluptatibus. Consectetur excepturi ex quam sit sint atque itaque. Suscipit autem non consequuntur et totam veniam quod. Quibusdam suscipit non molestiae dolorem.