Is Del Morgan & Co legit?
I’m in talks with an investment bank called Del Morgan & Co for an analyst position.
Among their red flags, they have tons of MDs on LinkedIn. Some ostensibly have great credentials (Stanford Masters in CS, Kellogg MBA) while others literally just have online certifications.
Does anyone have any experience with these guys? Or would anyone with more experience mind taking a look? Obviously if I had better offers I would just move on but I don’t want to miss out on this chance if I’m just being paranoid.
Their LinkedIn is just Del Morgan & Co (white text on navy background). Sorry can’t post links as a new user.
Is this for a FT Analyst position or SA?
Because as far as I know they’re a very popular “Bullshit” internship option for SoCal Undergrads
Forgot to clarify - it’s for an SA position. That’s good to know - thank you.
Know someone there and is a good experience just work is not very interesting. Lots of down time from what I hear
Biggest con is they don't pay interns which can be major issue since they are in super expensive area
Legit LMM firm- lower pay, low hours, generally not super comparable experience to a standard analyst IB stint. Chill culture. I believe the long list of MDs aren’t in salaried positions other than the main 3 you mentioned from great backgrounds.
They have unpaid interns from a few of the socal schools do work for them off-season as well, but they don’t convert to offers or anything. Most just fix ppts for the analysts for 3 months in the office and are out with “valuable experience” to recruit for SA internships.
Thanks for the reply. Do you have any ideas why they would hire ~40 MDs with conventionally terrible backgrounds? What’s the angle here?
Really appreciate the insight.
Some* of them do bring in revenue and clients- my guess is they may have some sort of commission based pay system? They’re not in the office like standard employees are at the least. Couldn’t really tell you myself exactly how it works
Have seen a couple deals from them. They are a real investment bank (not like a broker or anything), but the materials weren't great. Got the sense they were taking on mediocre deals, not putting in a ton of effort, and seeing what stuck once they went to market. Could be wrong as I only saw a couple deals from them.
Can’t speak to how legit the experience is but would say the analysts use the firm as a stepping stone to lateral to better banks. I work at a BB and know a couple people who worked there for a year before coming over. I’ve seen their former analysts work at other top banks so it is a bank worth having on your resume if you don’t have any other opportunities. If they have several MDs as a small boutique then it’s likely an eat what you kill type of firm so these MDs are only getting paid commission for the deals they bring in and close.
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