ING Investment Banking Arm / Corporate Finance - U.S. Team?

They're a European bank though. Their NL / London / Euro presence is a lot larger & more active than their US prescence.

For OP - I did a first round with them way back in the day and never got far enough along to do real DD such as calling former Analysts/Associates to get their experiences. That's what I suggest you do to get the most valid opinions on this. They aren't a big enough group (I don't think) that you're likely to get a first-hand experience from someone on here. 

Was your role in IB in London? I didn't know they have IB in London but would love to hear more 

Associate 3 in IB - Gen:

Worked there for a few years. 

1) Comp is absolutely abysmal. Think 10% of base salary as a bonus, and this is top bucket. I've heard from many 8-10% is the norm. 

2) You won't be grinding as hard as someone from Evercore(not all the time at least), but don't think you won't be doing any work. ING is extremely lean across the board and not only is there a problem with accountability, but a lot of the admin/kyc work is allocated to FO. Example: FO has to be the one to update KYC systems, and then will have to send proof to KYC that what they did is accurate, vs the opposite in other banks where compliance does the updating for you after you send them documents. If KYC doesn't respond to you, you'll have to chase them. It's likely that said KYC analyst won't know what the fuck he/she is doing, and you'll have to bend over backwards to meet the internal deadlines. Apply this mindset to multiple teams and you will lose most of your day dealing with admin work. Imagine someone from the treasury finance team calls you from Europe and asks you how you book your deals, and if you can speak to your local treasury finance team about how those deals are booked. My first thought to that was why can't you call the treasury finance person from the US directly, but instead, you delegate this to the FO person..  

3) Can you be more specific about which group you are referring to? There has been a recent change at ING where they will randomly put people in portfolio management and you will be stuck for years until you can get a spot on the structuring side. As such they are mass hiring to account for turnover. Imagine you got hired into a FO role only to be told sorry son you'll be working in portfolio management, working on waivers, monitoring deals, and you'll be doing this for random sectors. This is why some of the job descriptions are now so general (one description references tmt, oil and gas, etc)

4) The insane amount of admin work, lean teams, and high deal flow for some teams will lead to 12 hour days and worse WLB than you think. Many people from Europe that come here for short term assignments are shocked by the lack of WLB seen here. If you're getting a 14% bonus for such poor WLB, I think you might as well stay at your bank or go somewhere else.. Corporate finance teams are lean, 2 people covering a broad range of clients and you'll be doing 8:00-30am-7:30pm pretty consistently.

I think ING is a great place for someone with no banking experience and/or looking to pivot into a different field. You do your time at ING, get your series exams, and then you gtfo. Alternatively, you come in at a senior level, negotiate a really good base salary, and then coast. At the junior levels, you are not coasting. This is why most juniors are out within 1-2 years.

Any idea what the exit ops are within the corporate finance team?

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