Is all the bashing that Financial Technology Partners gets on this forum deserved?
First year analyst at a lower tier BB thinking of switching shop to get some meaningful deal experience in the tech sector. As a side note, I'm not currently in the tech group at my BB but the tech group is pretty terrible in deal leagues so doesn't make sense to transfer internally. Saw FT Partners looking for experienced analysts, but a quick browse through this forum makes it seem like the firm's reputation and culture makes it not even worth to apply... Anyone care to explain what's with all the hate?
The FTP website and a browse through linkedin tells me otherwise: seems to me to be a reputable shop getting in great dealflow with pretty good exits to places like Vista and Parthenon Capital?
Pros: - Comp - Dealflow - Exits (at least for the SF office, what other guys have told me is if you can handle a year at FTP you're good enough for us)
Cons: - Hours (no protected weekends, on multiple deals at once, lots of cross-border M&A)* - Culture (not that it's any different from other shops, just that it's pretty intense with lean deal teams)
In regards to culture, Steve, the guy who founded FTP, is a huge workaholic, so the culture is set from the top. That being said, if you're the type of person who thrives in that environment, go for it.
*They're trying to make this better by hiring a larger FT class
(NOTE: this is all secondhand information from friends who worked at FTP, current analysts, going through their interview process, and my mentor who's hired their analysts as laterals)
Hey everyone, I currently work at FT. I just posted a very detailed / updated / hopefully unbiased perspective on this topic on the thread titled, "Thoughts on Financial Technology Partners." Can't post the link to it as WSO won't allow it, but if you're interested in reading it, just google "wall street oasis ft partners" and it should be the top search result.